If there was one action that could catapult Bitcoin awareness through the public masses in the United States, crypto advocates have long asserted that access to a commingled trust, a Bitcoin Exchange-Traded Fund (ETF), would do the trick. This proposition, however, has withered on the vine, as the SEC has chosen to reject every application…
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Australian regulator ASIC has announced earlier today that it has suspended the Australian financial services (AFS) licence of Sydney-based financial services provider KP International Group Australia Pty Ltd (KP International) until 23 September 2020. According to the regulator, KP International did not adequately address systemic issues identified by the Financial Ombudsman Service (now Australian Financial…
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Warsaw Stock Exchange (GPW) has today approved the GPW Partner Firm – GPW Crowdfunding Partner Programme for crowdfunding and crowdinvesting . The Programme is addressed to local and international brokers who offer crowdfunding and crowdinvesting services. Izabela Olszewska, Member of the GPW Management Board, commented: The Exchange assists businesses in raising capital for growth. Our…
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Doo Tech, a global trading solutions provider, has just announced that it has released the Bridge Cloud service for connection to the Hong Kong Exchange. By connecting the MetaTrader 5 (MT5) platform to HKEX, forex brokers will now be able to extend their business, start offering futures instruments and receive real-time quotes without delay. The…
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The UK Financial Conduct Authority (FCA) has put out details of several unregulated firms. The names of the latest additions to the regulator’s warning list are Curzon Rose Limited, SwissAZ, CodexFX, Direct Trading Technologie, and Quilter Cheviot Investment Management. According to the regulator, the fraudsters are using or giving out the following details as part…
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EU’s regulator for securities markets (ESMA) and Australia's regulator ASIC have announced earlier today that they have signed a Memorandum of Understanding (MoU) setting out cooperation arrangements in respect of Australian benchmarks. The EU Benchmarks Regulation (BMR) prescribes a European common framework to ensure the integrity and accuracy of benchmarks used in the EU. Earlier…
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New Zealand Financial Markets Authority (FMA) has issued a warning on its official website to a non-licensed derivatives issuer and forex provider, Circle Markets Limited, under the Anti-Money Laundering and Countering Financing of Terrorism Act 2009 (AML/CFT). The regulator found that Circle Markets Limited had failed to adequately verify identity information for some customers; obtain…
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Cyprus regulator CySEC has announced on its official website that the website royalfinance24.com. The website does not belong to an entity which has been granted an authorization for the provision of investment services and/or the performance of investment activities, as provided for in Article 5 of Law 87 (I)/2017. The regulator has urged investors once…
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The Supervisory Board of Moscow Exchange (MOEX) has announced earlier this week that it has approved a new Group Strategy that covers the five-year period through 2024. The corporate strategy includes 5 key priorities, two of which relate to areas of responsibility and three that focus on areas of growth. Highlights include: Core Markets penetration…
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New Zealand Financial Markets Authority (FMA) has recently added another name to its list of unregulated firms. The latest addition is the company Safumax Group Limited. The regulator expressed its concern that Safumax Group Limited (SGL) is operating from a false address, and its website www.safumax.com contains misleading information that SGL is a licensed entity…
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