Swissquote estimated the net revenues of the first half of the year to be CHF 160 million, compared to CHF 112.2 million for the same period in 2019. Pre-tax profit reached over CHF 56 million for the first half of this year, compared to CHF 25.1 million compared to first half of 2019. In the…
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Sblock-Trade is allegedly located in UK, Colombia and Nova Scotia. The company offers investment plans in cryptocurrency trading. Sblock-Trade is not registered to trade in securities or derivatives in BC. Cryptrade24 is allegedly based in Churchill, Manitoba. The company offers investment plans in cryptocurrency trading, however it is not registered to trade in securities or derivatives in BC.…
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Ripple’s list of financial institution using RippleNet Cloud includes: Azimo DeeMoney iRemit MoneyGram MoneyMatch Usend / Pontual Viamericas Jacques Zylbergeld, FX Superintendent at Banco Rendimento commented: Migrating our payment infrastructure to RippleNet Cloud allows us to provide our customers with a best-in-class experience. Customers can now enjoy more transparency and easier navigation for both submitting…
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Cryptominas is based in Canada and offers an automated platform that allows investors to earn profits daily with different investment plans in cryptocurrency trading. However, the company does not appear to be registered to trade in BC. Crypto-ct.com (Crypto-ct) is based in Asia and offers an online cryptocurrency trading platform. A crypto trading platform may…
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Husam Al Kurdi who recently joined SquaredFinancial as its new Chief Executive Officer sat down with LeapRate for an interview. Having spent two decades working in the financial and banking industry, he has acquired an international reputation for developing and managing sophisticated trading companies. He has been involved with the launch and running of a…
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The retail FX brokerage firm Doo Prime is a wholly owned subsidiary of Hong Kong-based fintech firm Doo Holding Group. The Group’s other subsidiary, Doo Prime Vanuatu Limited is regulated by the Vanuatu Financial Service Commission (VFSC). The fintech also operates Doo Clearing Limited, which is licensed by the UK’s Financial Conduct Authority (FCA) to…
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The lead plaintiff Bradley Sostack filed the complaint in the California Court with seven claims against Ripple and Brad Garlinghouse including unregistered offer and sale of securities and fraud claims against the defendants alleging that they made false or misleading statements regarding the virtual currency XRP. The lawsuit alleges that in a few instances the…
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The cryptocurrency (BTC and ETH) can be used as a payment vehicle and is automatically converted into the base currency of the account (USD) and credited to the client’s account. In the same way, withdrawn funds from a crypto-fundable account are debited in USD and automatically converted into crypto-currency and sent to the client’s registered…
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LR: According to you, what are some of the issues in the financial sector at the moment (let’s discuss banking and payment solutions, for example)? One of the main problems facing existing and new brokerages is that they cannot set-up accounts with tier 1 banks to manage payments. They are forced to use tier 2…
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The Australia and New Zealand Banking Group Limited (ANZ) announced the sale of UDC Finance, its asset finance business in New Zealand, for NZ$762 million to Shinsei Bank Limited. The sale is inline with ANZ’s strategy to simplify its business and follows a review of UDC Finance. The purchase price represents a price-to-book ratio of 1.2x…
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