Stringent Regulations Forces India’s Koinex To Shutdown
Cryptocurrency users in India have suffered in recent months as the government has imposed stringent regulations on the industry. Indian cryptocurrency users will be disappointed to know that one of the country’s largest exchanges, Koinex has announced that it will
Read MoreFCA Asks For More Information On Facebook’s Libra Coin
Facebook has launched its own cryptocurrency called Libra in an attempt to enter and dominate the global cryptocurrency market. The new Libra crypto coin has caught the attention of financial regulators around the world. The Financial Conduct Authority (FCA) which
Read MoreFATF Wants Client Data From Crypto Exchanges Collected
The Financial Action Task Force (FATF) is a watchdog that is responsible for overseeing its 37 member countries. The FATF focuses on combating money laundering and has been looking into the operations of virtual asset service providers (VASPS), especially crypto
Read MoreJapan Expected To Grant Crypto Exchange License to LINE
Line is best known as Japan’s largest messaging app. However, the developers LINE have bigger plans and would like to turn it into a payment app. Reports say that the LINE app is close to getting a license from Japan’s
Read MoreASIC Licensed Brokers Must Comply With New Regulations By 2021
The Australian Securities and Investments Commission (ASIC) recently received product intervention powers from the Australian parliament and the ASIC plans to bring about significant changes that will impact how brokers conduct their business operations. However, brokers have a lot of
Read MoreHistoric Shanghai-London Stock Connect Gets Approval
The Financial Conduct Authority (FCA) which is the UK financial regulator and the China Securities Regulatory Commission (CSRC) released a joint announcement which expressed support and approval of the historic Shanghai-London Stock Connect which recently launched. The Stock Connect is
Read MoreRevolut Expanding Into Australia With FX Services
The UK based fintech firm Revolut has a solid reputation in the European market, providing forex services to over five million European customers. Now, the company is planning to take its first steps outside of Europe with an expansion set
Read MoreIsraeli Binary Options Recovery Firm Shuts Down Due to Fraud
Binary options scams are a big problem in Israel. It’s not surprising then to find firms offering their services to help victims recover their funds. However, not all of these firms seem to be on the up and up. Wealth
Read MoreDenmark Follows UK To Ban Binary Options From July 2019
The binary options market got smaller recently when UK regulators decided that it was time to crack down on what they deemed as risky investments. The global binary options market reduced in size after the UK permanently banned the sale
Read MoreNew SEC Rule Requires Brokers To Provide Better Advice
The US Securities and Exchange Commission (SEC) have come out with a new rule which looks to protect investors and ensure that they are not exploited by brokers. The SEC just voted this new rule with a three to one
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