Steffy Bogdanova
LeapRate Analyst

Experienced writer and journalist, working in the global online trading sector, Steffy is the Editor of LeapRate. She has previous experience as a copywriter and has been with the company since January 2020. Steffy has a British and American Studies degree from St. Kliment Ochridski University in Sofia.
February 28, 2020 BY Steffy Bogdanova

Philippine crypto regulator accused of corruption

Raul Lambino, administrator of Cagayan Economic Zone Authority (CEZA), licensing regulator for cryptocurrency exchanges in the Philippines, was accused of corruption and misappropriation of millions. Allegedly Lambino’s wealth has inexplicably grown with tens of millions of dollars. A leaked report from the Philippine National Intelligence Coordinating Agency (NICA) says: It is now the general belief…

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SEC
February 28, 2020 BY Steffy Bogdanova

SEC fines Wells Fargo with $35 million over investment recommendation practices

The Securities and Exchange Commission (SEC) announced on Thursday settled charges against Wells Fargo Clearing Services and Wells Fargo Advisors Financial Network for improperly recommending risky investments to some of its clients, including senior citizens and retirees. SEC ordered Wells Fargo to pay $35 million penalty. SEC accused Wells Fargo for failing to supervise investment…

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February 28, 2020 BY Steffy Bogdanova

Paysafe teams up with Celero Commerce in US market

Paysafe, specialized payments platform, announced its partnership with the Tenenesse-based integrated business management solutions provider, Celero Commerce. Paysafe will support Celero Commerce’s independent sales organizations (ISOs) in their expansion. Founded in 2018 Celero Commerce currently serves approximately 25,000 American merchants. The collaboration will allow the company to take advantage of 20-year experience of Paysafe assisting…

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February 28, 2020 BY Steffy Bogdanova

Actor Steven Seagal charged with unlawful promotion of ICO

The Securities and Exchange Commission (SEC) announced yesterday that it settled charges against actor Steven Seagal for not disclosing payments he received for promoting investments in an initial coin offering (ICO) by Bitcoiin2Gen (B2G). SEC found that the 69-year-old actor failed to disclose the amount $250,000 in cash and $750,000 worth of B2G tokens he…

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asic afs license
February 28, 2020 BY Steffy Bogdanova

ASIC cancels RVM Capital’s AFS licence

  ASIC has cancelled the Australian financial services (AFS) licence of RVM Capital for not submitting its annual financial statements for three years in a row. RVM Capital held AFS licence number 457140 and it was cancelled from 21 January 2020. These measures are part of ASIC’s intention to raise and improve the requirements for…

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ASIC office
February 28, 2020 BY Steffy Bogdanova

AGM Markets, OT Markets and Ozifin Tech engaged in unconscionable conduct

The Federal Court has found that the over-the-counter (OTC) derivative providers AGM Markets Pty Ltd, OT Markets Pty Ltd and Ozifin Tech Pty Ltd were engaged in systemic unconscionable conduct. It was reported that Australian investors lost over $30 million. Account managers located offshore were used to engage retail investors in Australia. They provided unlicensed…

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cryptocurrency
February 27, 2020 BY Steffy Bogdanova

Hong Kong and Abu Dhabi to consider crypto regulations aligning with FAFT

Financial secretary of Hong Kong Paul Chan, announced yesterday in his annual budget speech that he is considering changes of the regulation in the cryptocurrency sector to strengthen the anti-money-laundering (AML) norms and counter-terrorist-financing (CTF) policies. Financial Secretary Chan indicated in his speech that he was following recommendations form global financial regulator, Financial Action Task…

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February 27, 2020 BY Steffy Bogdanova

Finastra adds four new fintech apps on FusionStore

Finastra announced yesterday the addition of four new retail banking apps on its marketplace FusionStore. The app was first built in the end of last year and includes innovative saving, spending control and personal finance management services. They use open APIs through the FusionFabric.cloud development platform. The apps include: Flybits, а contextual customer engagement platform…

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fca warning
February 27, 2020 BY Steffy Bogdanova

FCA updates its warning list with more companies

UK watchdog FCA has put out the details of several unregulated companies and clone firms this week. The names of the latest additions to the regulator’s warning list are the companies Advance Trading Systems, 4Rex Prime Ltd ta Standard Bit Option, London loan Lender, Currie Consultancy Group, Online Currency Corp ltd and Vendome Asset Management. According to the regulator, the…

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