Tag: Cryptocurrency CFDs

April 09, 2018 BY LeapRate Staff

Cryptocurrency CFDs require license, but not cryptos themselves: FCA

UK financial regulator the FCA has issued an interesting statement indicating that while cryptocurrencies are not currently regulated by the FCA, crypto derivatives - including cryptocurrency CFDs - are. According to the FCA, cryptocurrency derivatives are defined as being "financial instruments" under the Markets in Financial Instruments Directive II (MiFID II), even though the FCA does…

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France crypto CFD
February 22, 2018 BY LeapRate Staff

France bans ads for cryptocurrency CFDs

France's financial regulator Autorité des marchés financiers (AMF) has issued an opinion that it considers that the offer of cryptocurrency derivatives -i.e., CFDs on cryptocurrencies such as Bitcoin and Ripple - requires authorisation and that it is prohibited to advertise such offer via electronic means. Essentially, by defining crypto CFDs as 'derivatives', the advertising of…

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swissquote bitcoin cfd
January 12, 2018 BY LeapRate Staff

Swissquote announces positive earnings surprise for 2017 driven by Cryptocurrency trading

Swiss online banking and brokerage leader Swissquote Group Holding SA (SWX:SQN) has announced that it will report better-than-expected results for the second half of 2017 (when final results are released in early March). The driver - cryptocurrency trading. Swissquote was the first European online bank to introduce Bitcoin CFDs in mid 2017 as well as trading…

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RoboMarkets yacht
December 28, 2017 BY LeapRate Staff

RoboForex rebrands to RoboMarkets as crypto trading focus increases

Limassol, Cyprus based Retail FX broker RoboForex has announced that it is rebranding under the new name RoboMarkets. Alongside the brand name change, the company has changed its corporate name from RoboForex (CY) Ltd to Robomarkets Ltd, which is now the official holder of the company's CySEC CIF license. The group also operates offshore Retail FX…

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fca warning
November 14, 2017 BY Valentina Kirilova

FCA issues warning about the risks of investing in cryptocurrency CFDs

The UK Financial Conduct Authority (FCA) has just issued a warning about the risks of investing in cryptocurrency CFDs. The complete text of the regulator's warning can be seen below: Contracts for differences (CFDs), including financial spread bets, with cryptocurrencies as the underlying investment are increasingly being marketed to consumers. These products are extremely high-risk,…

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