Tag: APAC

tfx japan forex click365
March 02, 2020 BY Valentina Kirilova

TFX Click kabu 365 up 65% MoM in February

Tokyo Financial Exchange (TFX) has released its trading volumes report for the month of February 2020. You can see the highlights below: FX Daily Futures contracts (Click 365) The total trading volume of FX Daily Futures contracts (Click 365) was 2,449,177 ( +24.6% MoM / +27.5% YoY ) and its average daily trading volume was…

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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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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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engage:BDR's revenue up 50% YoY in 2019
February 28, 2020 BY Valentina Kirilova

engage:BDR's revenue up 50% YoY in 2019

engage:BDR (ASX:EN1), a digital advertising firm that offers cross-device video and display advertising solutions, has just released its financial commentary for the 2019 calendar year. According to the company's management, 2019 was a pivotal, successful and profitable year for EN1. 2019 full year growth highlights include: Revenue increased 50% to $17.1M (from $11.4M in 2018)…

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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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forex market crypto news and updates
February 24, 2020 BY Valentina Kirilova

Daily Market News: Stocks plunge as virus fears grow

Adam Vettese, UK Market Analyst at eToro, has provided his daily commentary on traditional and crypto markets for February 24, 2020.  Markets are down heavily across the board this morning as investors seek safety due to a rise in coronavirus cases outside of China. Outside of Asia, we had seen markets almost carrying on with…

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Regulation
February 24, 2020 BY Valentina Kirilova

ASIC to grant relief for companies planning an IPO

Australian regulator ASIC announced earlier today that it is seeking feedback on proposals to grant relief for voluntary escrow arrangements and pre-prospectus communications in connection with an initial public offer (IPO). Currently companies that are considering undertaking an IPO must apply to ASIC for individual relief and pay application fees. The watchdog is about to…

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BIS announces key appointments in Singapore and Switzerland
February 24, 2020 BY Valentina Kirilova

BIS announces key appointments in Singapore and Switzerland

The Bank for International Settlements (BIS) has earlier today announced that it has added Andrew McCormack and Morten Bech to its BIS Innovation Hub. Andrew McCormack will head the BIS Innovation Hub Centre in Singapore. Morten Bech, Head of Secretariat for the Committee on Payments and Market Infrastructures (CPMI), will lead the Hub Centre in Switzerland. They will…

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