Retail FX broker FXTM has just added another license to its portfolio of regulated entities with the Financial Services Commission (FSC) of the Republic of Mauritius. The company is already authorised and regulated in different jurisdictions under CySEC, FSCA, FCA and IFSC. Mauritius is fast becoming an internationally recognised Financial Supervisor with a strong legal…
Read more
UK financial regulator Financial Conduct Authority (FCA) has issued its latest warning against an unregulated financial services provider targeting UK consumers. The FCA’s latest warning is against the company AlgoTradingSoft Broker Limited. AlgoTradingSoft Broker Limited is not authorised by the FCA but has been targeting people in the UK and is also carrying on regulated…
Read more
The UK Financial Conduct Authority (FCA) has put out details of the cloned firm Florence Garret. 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…
Read more
The Australian regulator ASIC informed that it has removed additional license conditions imposed on Morgans Financial Limited back in 2016. In November 2016, ASIC and Morgans Financial Limited agreed for an independent compliance consultant to monitor, evaluate and report on Morgan’s implementation of recommendations arising from an independent review of its compliance measures. The conditions…
Read more
International financial services company Admiral Markets AS just announced that it has made an investment of €150,000 in the Estonian fintech company Bankish. Admiral Markets has already made the first step in fintech, investing in crowdfunding platform Fundwise back in October 2018. Sergei Bogatenkov, Chairman of the Management Board of Admiral Markets AS, commented: This partnership…
Read more
With all of the press hoopla surrounding JPMorgan and Jamie Dimon’s support of a “JPMCoin” project, analysts that follow the banking sector have been wondering where was the major competitor of JPMorgan, i.e., Citibank, positioning itself in the world of crypto innovation of the banking sector. Citibank has a reputation of being an innovator and…
Read more
The meltdown in crypto valuations and the pullback in investor trading volumes, euphemistically referred to as Crypto Winter, continue to wreak havoc in every sector of the crypto community. The news today is that Bithumb, the largest crypto exchange in South Korea, has announced that it will cut back its staff from 310 employees down…
Read more
Numerai is an American prediction market company and hedge fund that recently raised $11 million in an ICO so it can launch the Erasure project. The information comes from the company itself. What Numerai does is “… incentivizing the construction of an artificial intelligence hedge fund with Numeraire, a cryptographic token on the Ethereum blockchain.”…
Read more
AriseBank is a cryptocurrency bank that found itself amidst a $4.2 million ICO scam. The former CEO of the institution pleaded guilty to deceiving investors of around $4.2 million. The information comes from the US news agency Dallas News. Jared Rice Sr. is essentially the founder of AriseBank. What the founder admitted in federal court…
Read more
Germany intends to pass laws for the creation of a government-owned fund that would protect vital German companies from being acquired by foreign companies (especially Chinese ones), by end of 2019, according to Reuters. This is a major departure from the government’s “laid-back” approach towards business. Peter Altmaier, the Economy Minister first suggested the creation…
Read more