Australian regulator ASIC has announced that it has cancelled Evermore Money Management Pty Ltd's AFS license. According to the regulator, the company did not meet the license conditions. The complete text of the regulator’s decision can be seen below: ASIC has cancelled the Australian financial services (AFS) licence of Evermore Money Management Pty Ltd (Evermore) for…
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Google has just informed that it has added paysafecard, a prepaid solution and part of the payments services company Paysafe Group Plc (LON:PAYS), as a new payment method in the Google Play Store in five additional European countries: Germany, the UK, France, Spain and Greece. Earlier this year, Paysafe has teamed with Google to be…
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Brokeree Solutions, the Estonia based provider of high-grade technology solutions for forex brokers, has just announced that it has connected the Tel Aviv Stock Exchange (TASE) directly to MetaTrader 5. Last month the broker has integrated TASE liquidity into MetaTrader 4. Both connections were established via a Liquidity Bridge and allow trading of Israeli securities with ultra-low…
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The financial services industry has never been as exciting as other technology-driven genres. Things, however, changed a few years back, when blockchain technology and cryptocurrencies seized the imagination of the public, and more importantly, the imagination of entrepreneurs, investors, and the venture funding establishment. The new buzzword around town became “FinTech”, a bit sexier than…
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The Commodity Futures Trading Commission (CFTC) has just announced that it has filed a complaint against Dro Kholamian and his company, Blue Star Trading, LLC. Blue Star Trading has fraudulently solicited potential clients to trade through accounts they would manage leveraged off-exchange FX currency and commodity futures contracts, but instead the company has misappropriated those funds. According to CFTC, Kholamian…
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Retail forex broker FXCM Group, LLC has just announced that it has signed a Memorandum of Understanding (MoU) with The Dubai Gold and Commodities Exchange (DGCX). Both sides confirmed that they intend to launch new products on the DGCX Exchange. Les Male, Chief Executive Officer of DGCX, stated: It is our aim to ensure that we continue…
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The Financial Conduct Authority (FCA) has just announced that it intends to change how banks charge for overdrafts. Alongside this, the FCA will extend protections for other high-cost credit products. Andrew Bailey, Chief Executive of the FCA commented: Today we are proposing to make the biggest intervention in the overdraft market for a generation. These…
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Following the Swiss government’s release of an official report on Friday, advocating for decentralised financial transactions to have a place in the Swiss legal code, could this new strategy strengthen Switzerland’s status as a blockchain friendly country? LeapRate reminds that, a few days ago, the Federal Council adopted a report on the legal framework for…
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Donald Trump has often stated that he plans to build a wall across the border of the US with Mexico to prevent illegal Mexican people pouring into the US. Many were outraged by such claims during his presidential candidacy and campaign in 2016. Fast forward to 2018, the idea of building the wall is not…
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The UK Financial Conduct Authority (FCA) has put out details of the cloned firm Creditstar UK Limited. 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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