Moscow Exchange (MOEX) released its volume report for the month of February. Total trading volume across MOEX’s markets was RUB 62.3 trln in February 2019. The growth leader was the Money Market (+3.7%), including the GCC repo segment (+84.7%). Equity and Bond Market Total trading volumes on the Equity and Bond Market in February 2019…
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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 Vanguard Wealth Advisory. Vanguard Wealth Advisory is not authorised by the FCA but has been targeting people in the UK and is also carrying on regulated…
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A persistent problem that all crypto related companies face not only in the U.S. market, but also in many other global jurisdictions, is the inability to obtain even the most basic of banking services from domestic banking institutions. Bloomberg starts by quoting a complaint from Sam Bankman-Fried, CEO of quantitative crypto trading company Alameda Research:…
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The Federal Reserve Bank in the U.S., the agency responsible for monetary policy and a host of related duties, produces two semi-annual reports each year to update the Congress on its activities. Its chairman, Jerome Powell, must then sit before Congress for two days to review the report and answer any queries that any attending…
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The oldest continent in the world has a huge problem: the sending and receiving of money. Africa "boasts" the highest remittance fees and cross-country transaction payments is not easy at all. The problem with payment facilitation in the country comes from the fact that anyone wishing to make a payment from outside Africa needs to…
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The UK Financial Conduct Authority (FCA) has put out details of the cloned firm Alternative Propositions Ltd. 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…
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According to guidelines instituted in April of 2017, the National Police Agency (NPA) of Japan has reported its findings for suspicious financial transactions. The results for potential money laundering cases where cryptocurrencies was the “detergent” of choice rose tenfold, escalating from 669 cases in 2017 to 7,096 in 2018. Although crypto cases constituted only 1.7%…
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Coinhive, a crypto exchange with a ne’er-do-well reputation and based out of Germany, has announced that it will be shutting its doors this week. Its Monero mining script will no longer be supported. The firm cited multiple money related reasons, but in the end, it claimed that its operation was no longer “economically viable”. In…
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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 Morgan & Berkeley Associates. Morgan & Berkeley Associates is not authorised by the FCA but has been targeting people in the UK and is also carrying…
Read moreThe European Securities and Markets Authority (ESMA) has issued a statement saying that it would recognize the UK Central Securities Depository (CSD) – Euroclear UK and Ireland Limited – as a non-EU CSD, which will allow it to offer its services within the European Union. ESMA made this decision so as to make it possible…
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