The Executive Committee of the ABI has agreed on ten fundamental criteria to issue the digital euro. The Association stated in the published guidelines that it been studying in depth digital coins and crypto assets since last year. The ABI indicated that Italian banks have already been operating on a Distributed ledger technology (DLT) infrastructure…
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Dukascopy Bank announced earlier this month the expansion of its arsenal of funding methods available to clients with the addition of Ether (ETH). The addition is the second 2nd crypto-currency after the bank launched Bitcoin (BTC) in October 2018. The cryptocurrencies can be used to deposit and withdraw funds from a trading account opened as…
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The New Zealand watchdog found that WDC Markets are withholding client funds a the company is not a registered financial service provider in New Zealand. WDC Markets is also listed in the warning list of the Spanish National Securities Market Commission. The FMA alleges that Intrgroup and its associated website may be operating a scam. Other overseas regulators…
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Since 2015, Rathi has served as chief executive of the London Stock Exchange’s UK division. He was also a director of the financial services division in the Treasury in 2009 for five years. Nikhil Rathi said: I am honoured to be appointed Chief Executive of the Financial Conduct Authority. I look forward to building on…
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The Estonia-based brokerage group is also licensed in the United Kingdom, Cyprus and Australia. Admiral Markets added the Australian markets in October last year to its global equity offering in the MetaTrader platform with the addition of Australian Bluechips for trading as stocks and CFDs.
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The Australian regulator ASIC alleged that at the time Kimelman was in possession of inside information concerning the intention by Quantum (now Nova Minerals Limited) to acquire Manitoba Minerals Pty Ltd, which had agreed to acquire an interest in a lithium resource in Canada. At the time of the alleged offences, the charges of insider…
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Richard Byworth, CEO at Diginex commented: NYFIX was the natural first choice for us as connectivity partner. Diginex’s mission is to provide improved access and regulated infrastructure to institutions and sophisticated investors looking to participate in this new emerging asset class. NYFIX enables this with connectivity to a broad cross-section of institutional asset managers and…
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The Australian regulator alleges that the arrangements between CBA and CFSIL breached the ban on conflicted remuneration as the arrangements could influence the choice of financial product recommended by CBA to retail clients or the financial product advice. ASIC is looking for civil penalties against CBA and CFSIL. The maximum penalty could go up to…
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The FMA has filed action against the company in High Court at Auckland and is seeking monetary penalty. Nick Kynoch, FMA General Counsel, said: The anti-money laundering legislation is a cornerstone to protecting the integrity of New Zealand’s financial system and it’s imperative that financial services firms ensure they are compliant. The regime has been…
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Protection against DDoS attacks is essential for Cloudflare's customers, however, speed also remains important. MetaTrader 5 platform leverages Cloudflare network to route traffic more efficiently, and in this way, it is able to decrease latency and improve the stability of network connections. Platform users can take advantage of higher speeds in incoming exchange data rates…
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