Georgios Ioannou, head of Research and Development at Forex24, said: We expect the coming years to bring thrilling innovations for forex trading, as the industry matures and more people are using to this type of trading. With our new R&D centre, we believe we can be at the forefront of innovation. We are looking to…
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The Swedish Minister of Foreign Affairs Ann Linde has urged Ukraine to take action against the alleged cryptocurrency fraud operation targeting vulnerable inexperienced investors in Sweden, Australia, New Zealand and UK. Swedish national newspaper Dagens Nyheter (DN) exposed the so-called “fraud factory”, operating from Kyiev after investigation. Ukraine-based Milton Group allegedly defrauded investors by offering…
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In September 2017, a house was sold on the blockchain technology for the first time. The property is a flat with a price of $60,000 in Kiev, Ukraine, reported New Scientist. The transaction was facilitated entirely through Ethereum using cryptocurrency. Instead of paper contracts and fiat money exchanged, the founder of tech news site TechCrunch, Michael Arrington,…
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Unlike other countries that may believe the technology behind Bitcoin, Blockchain, is a "fraud" and may trigger financial crisis in the future, Ukraine is turning to blockchain to manage its farmland registry. Bloomberg reported that Ukraine believes that the system they are using now for managing the land ownership may be subject to fraud and…
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The National Bank of Ukraine (NBU), the central bank of Ukraine and acting regulator has announced simplified rules governing trading in foreign currency and investment metals in the interbank FX market of Ukraine and the international FX market. First, the simplified rules shall apply to forward FX transactions. The NBU has allowed banks to perform…
Read morePrivatBank has announced it has partnered with the prepaid product and transaction services company InComm to launch prepaid products to its customers in Ukraine. The partnership between the two companies will afford Ukrainian customers the opportunity to purchase prepaid codes and immediately top up their or anyone else's account without incurring any additional fees. Olga…
Read moreEffective today, NBU increases the amount of Forex cash that individuals can withdraw from their accounts from UAH 15,000 to UAH 20,000 per day.
Read moreAfter losing its registration in New Zealand and being blacklisted in Russia, the company is asking clients to submit applications to move their funds to Forex Trend 2.
Read moreChina makes further small step to enhance internationalization of RMB, funds received under the agreement will be used to finance commercial operations and direct investments between the two countries.
Read moreThe capital control laws which banned the vast majority of FX trading between banks in Ukraine were lifted just hours after implementation, and now the Ukraine awaits the the first disbursement under a $17.5 billion IMF bailout. The IMF has declared that it is ready to assist Ukraine with its foreign currency issues
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