In the UK, 33% of firms expect the economy to shrink and over 14% expect it to contract by 1-3%. Another 6% believe the UK economy will stay flat with no growth. In the US, 16% of firms expect the economy will shrink in 2020, most likely by 1-3% (7%) and 6% also expect it…
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US markets started climbing today after nearly two weeks with a 4% plus move in either direction during every trading session. Tesla shuts down US production. The company sank heavily in after-hours trading following the announcement that it is suspending US car production due to the pandemic. All asset classes sold as Sterling lowest since…
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Last week, crypto exchanges BitMEX and Gemini went offline for a short period during the market turbulence. The markets saw a plunge of bitcoin by 50 percent. During that time Bitfinex was able to process trading volumes of more than $1billion. Delchain Limited, licensed provider of custody, banking, capital markets an initial offering advisory solution…
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Until 13 March, Longhou has 18 representatives with authorization, providing financial services on the company's behalf. The suspension of Longhou 's AFS licence means that the representatives must immediately cease providing financial services Read More: ASIC releases new regulation for foreign financial services providers ASIC takes steps to ensure stability of Australian equity market ASIC cancels RVM Capital’s…
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On Wednesday, the Financial Services and Markets Authority (FSMA) of Belgium announced a ban on entering into a short sale. It might constitute or increase a net short position on stocks admitted to trading to Belgian trading venues. The short sale prohibition includes: “any transaction which creates, or relates to, a financial instrument and where…
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MAS’ investigation found that between June 2011 and April 2018 TTSL had failed to follow MAS’s requirements on AML/CFT regulation. Firstly, TTSL failed to verify source of wealth trust settlers who posed a higher risk of money laundering and terrorism financing. The company also failed to regularly monitor or scrutinize the transactions of trust relevant…
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The initiative also contributes to Priceless Planet Coalition. The recently launched Mastercard platform unites corporate sustainability efforts and makes meaningful investments to persevere the environment. The Priceless Planet Coalition is pledging to plant 100 million for a period of over five years together with other partners who share the same commitment to green movements including…
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The regulator has become aware that MetaProTrader has accepted funds from a British Columbia (BC) resident. However, MetaProTrader is not authorized to trade in, or advise on, securities or exchange contracts in BC. BCSC urges BC residents to exercise caution when dealing with firms that are not registered to trade or advise in BC. Read more…
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CoinZoom supports most popular cryptocurrencies including bitcoin (BC) and ether (ETH) in pairs with US dollar. The platform also provides facility for proof-of-stake (PoS) coins, which brings rewards for holders. CoinZoom already has a trending app for Apple iOS devices and can be also used as a remittance solution. CoinZoom founder and CEO Todd Crosland…
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The website imitates the management company Golding Capital Partners (Luxembourg) S.à r.l., an authorized company by the CSSF. However, the website has not relation to the company. The official warning can be seen here. Find more warnings from CSSF: Luxembourg regulator CSSF warns against Alysa Group Luxembourg regulator CSSF warns against SAP one
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