Bank Of Russia Destroys Russian Retail Forex Market
The Bank of Russia which is the main financial watchdog has eliminated competition from the entire forex market in the country. The move came as a surprise after the Bank of Russia decided to strip several brokerage firms of their
Read MoreNomura Holdings Expanding Forex Services In The US
Nomura Holdings which is Japan’s biggest brokerage and banking group recently announced that it is planning to expand its forex services in the United States. Their corporate clients in the US can expect expanded services including acquisition finance, the arrangement
Read MoreBOA Files Blockchain Patent Focusing On Cash Handling Devices
When people talk about blockchain, they often talk about its association with bitcoin and cryptocurrencies. However, blockchain can be used for more than just cryptocurrencies. Having a publicly available ledger that is hard to manipulate can be a big plus
Read MoreAnt Financial Looks To Expand Payment Services
China has been stretching its financial muscle on the world stage for some time now. Chinese companies expanding into global markets and acquiring major companies is one clear sign of this. Ant Financial is joining in on this trend as
Read MoreWall Street Not As Keen On Bitcoin After 2018 Bloodbath
At the beginning of 2018, Bitcoin was riding high and Wall Street investors wanted a piece of the action. However, it seems the numerous delays that have prevented their entry into the cryptocurrency domain and the continued drop in bitcoin
Read MoreBitFinex Announces Margin Trading Options For Tether
Though the crypto-market has suffered throughout 2018, crypto exchanges are still rolling out new products for their customers. BitFinex, one of the world’s biggest exchanges, is planning to offer margin trading for Tether (USDT), a stablecoin. The pairing is USD/USDT
Read MoreESMA Extends CFD Sale Restrictions To Retail Investors
Earlier this year, the European Securities and Markets Authority (ESMA) implemented restrictions on the sale of contracts for differences (CFD) to retail investors. The regulatory body had extended the deadline once already and that was supposed to end January 2019.
Read MoreCrypto-Trading Gets The Attention Of Australia’s Tax Office
Cryptocurrency has been a bit of a grey area when it comes to imposing taxes as cryptocurrencies cross-border transactions happen constantly and it is difficult for the authorities to keep track. This has resulted in a lot of cryptocurrency traders
Read MoreDGCX & FXCM Partner To Create Innovative FX Products
The Dubai Gold and Commodities Exchange (DGCX) and the FXCM Group have signed a Memorandum of Understanding (MoU) that they would soon be working together to launch new forex products on the exchange. The deal will allow the exchange to
Read MoreBIS Says Market “Jolt” Will Be First Of Many
The Bank of International Settlements (BIS) has said that the recent market selloffs in various global financial markets are going to be the first of many. This is because of tighter monetary regulations and the threat of a coming economic
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