We sometimes forget that our regulatory bodies have more to do than just look at crypto exchanges and the markets they serve. Representatives of these august bodies often have speaking engagements in other industry sectors, where they often share their opinions on the major topics of the day. For example, the Chairman of the U.S.…
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ASIC and FCA licensed Retail FX broker AETOS Capital Group have provided their daily commentary on traditional markets for May 3, 2019. GBPUSD The Pound closed lower on Thursday, closing at 1.3031(-21 pips) against the greenback. The cable pair traded lower yesterday as dollar strengthened and as the Bank of England 's Super Thursday left traders…
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April is now in the history books, and Bitcoin, to the amazement of its stunned critics, has outperformed once more, delivering positive gains for a third month in a row. These gains are even more remarkable when you factor in that a major scandal broke at the end of the month, regarding reserve funds at…
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Australian regulator ASIC has announced yesterday that it has just suspended the Australian financial services (AFS) license of Sydney-based financial services provider Australasia Wealth Services Management Pty Ltd (AWSM) until 25 June 2019. According to the regulator, the company AWSM had breached its financial reporting and audit obligations and the requirement to obtain membership of…
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The UK Financial Conduct Authority (FCA) has put out details of the cloned firm Purse International. Fraudsters are using the details of firms, authorised by the FCA, to try to convince people that they work for a genuine, authorised firm. Fraudsters are using or giving out the following details as part of their tactics to…
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Mati Greenspan, Senior Market Analyst at FX broker eToro, has provided his daily commentary on traditional and crypto markets for May 2, 2019. The text below is an excerpt and does not contain the full analysis. Highlights include: Bitcoin Not a Replacement for Gold: A recent ad from a cryptoasset fund manager encourages investors to…
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IBM (NYSE: IBM) and information giant Thomson Reuters (NYSE:TRI) have teamed up to help banks address ever-growing regulatory requirements through the powerful combination of artificial intelligence (AI) and real-time regulatory insights. IBM and Thomson Reuters Regulatory Intelligence will offer financial institutions access to IBM Cloud's RegTech solution. The two companies collaboration will enable risk and…
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Global connectivity and IT infrastructure provider for the financial services industry, Avelacom, has just announced it is deploying a point of presence (PoP) at The Stock Exchange of Thailand’s (SET) data center facilities. Earlier this year, the company added its third PoP in Tokyo and opened a new office in Singapore, managed by Gabriel Bassas,…
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The following guest post is courtesy of ATFX. The dollar is back under strong pressure as the EURUSD took a leap higher on better than expected Euro Area GDP figures. Annual Euro area GDP was projected to increase by 1.1%, but instead, increased by 1.2%, which is a slightly higher pace than seen in the…
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A new pacemaker has arrived in the crypto world, as the United Arab Emirates raced to the front of the pack take the first place crown in token sales for 2019. The U.S., which has been the outright leader in prior years, is sadly now in seventh place, due primarily to the regulatory clampdown that…
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