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FCA Issues Another Warning Against Unauthorized Firm

FCA Issues Another Warning Against Unauthorized Firm

The Financial Conduct Authority, a British regulator, issued another warning today regarding FX firms operating without its authorization. Today’s statement comes just two days after the regulator issued a set of warnings against a number of binary options and forex brokers. On this occasion, the FCA is warning against Revolution Variable Systems (RVS). The company’s website, thoughRead more about FCA Issues Another Warning Against Unauthorized Firm[…]

AMF claims closure of 138 Binary Options and FX websites in past three years

AMF claims closure of 138 Binary Options and FX websites in past three years

For several years, the Autorité des marchés financiers (AMF) has been mobilized to prevent and protect savers from the dangers of highly speculative trading. Since 2014, its legal actions to obtain the blocking in France of access to illegal sites have led to the closure of 138 Internet addresses. Faced with the development of tradingRead more about AMF claims closure of 138 Binary Options and FX websites in past three years[…]

ESMA and FCA Inform Regulated Firms About Changes to Capital Requirements

ESMA and FCA Inform Regulated Firms About Changes to Capital Requirements

Following the recently announced measures to limit the availability of leverage to retail traders as well as a mandatory negative balance protection, European regulators have informed licensed retail brokerages of the necessity to review their permits. According to a letter sent to brokerages, firms are also instructed to carefully reassess their business models. The regulatoryRead more about ESMA and FCA Inform Regulated Firms About Changes to Capital Requirements[…]

Japanese Regulator Begins Punishing Cryptocurrency Exchanges Post-Inspection

Japanese Regulator Begins Punishing Cryptocurrency Exchanges Post-Inspection

Nikkei has reported that the Japanese financial regulator, the Financial Services Agency, has issued punishment notices to several cryptocurrency exchanges. An unknown number are also going to receive suspension notices. The FSA has been investigating exchanges since 534 million USD worth of cryptocurrency was stolen from Coincheck, a popular exchange, in January. This was the world’s biggestRead more about Japanese Regulator Begins Punishing Cryptocurrency Exchanges Post-Inspection[…]

FCA Considering Forcing STP Brokers to Upgrade Their Licenses

FCA Considering Forcing STP Brokers to Upgrade Their Licenses

The UK financial regulator, the Financial Conduct Authority, is considering a series of steps that could prove to be very challenging for a big part of the London-based FX industry. According to sources with knowledge of the matter, the watchdog has distributed a letter to a number of UK-based brokers to inform them of prospectiveRead more about FCA Considering Forcing STP Brokers to Upgrade Their Licenses[…]

The next big thing for blockchain – the travel booking industry

The next big thing for blockchain – the travel booking industry

The explosion of websites such as Airbnb and Booking has shown the power and influence of the online travel booking industry. Airbnb has been one of the most successful startups in Silicon Valley, and Booking has exploded with millions of hotels and private homes to be booked online. One of the major issues, however, isRead more about The next big thing for blockchain – the travel booking industry[…]

France’s AMF publishes a study on the fees charged by UCITS distributed in France

France’s AMF publishes a study on the fees charged by UCITS distributed in France

The Autorité des Marchés Financiers (AMF) reviewed the key information documents for just over 8,000 funds and on that basis, offers an overview of funds distributed in France, explanatory factors for variations observed in the fees, an analysis of funds that charge the highest fees and an assessment of performance fees. It found that 148Read more about France’s AMF publishes a study on the fees charged by UCITS distributed in France[…]

Canadian regulators call for Google to ban all Binary Options ads

Canadian regulators call for Google to ban all Binary Options ads

The Times of Israel is reporting that the Canadian financial regulator overseeing Binary Options has explained to Google how the advertising enables scammers to find victims and has asked it to follow Facebook’s lead in barring the ads. On January 30, Facebook announced that it was banning all advertising for binary options, cryptocurrencies and initial coinRead more about Canadian regulators call for Google to ban all Binary Options ads[…]