Whistleblowers Help CFTC To Clean Up Trading Markets
The Commodity Futures Trading Commission (CFTC) has been working hard this year to ensure that all financial markets in the United States operated smoothly. This usually entails cracking down on the many crafty schemes and violations of FX trading and
Read MoreFCA Warns Investors To Be Careful About Bogus CFD Firms
The Financial Conduct Authority (FCA) imposed stringent restrictions earlier this year on contracts for difference (CFDs) and CFD like options that were being sold to retail investors. Traders were asked to comply with a number of restrictions in order to
Read MoreRobinhood Set To Launch Its Zero-Fee Trading App In The UK
Robinhood surprised the trading market when it decided to charge zero commission fees on its trading app in the United States. This strategy encouraged many Americans to download the trading app and start trading. Since the Robinhood app brings with
Read MoreUKJT Looks To Clear Up Confusion On Cryptoassets
One of the problems that most governments around the world have with cryptocurrencies and related assets is that they are in a bit of a legal gray area. This makes it difficult to classify them under the law, which is
Read MoreEU Commission Gives UK Clearing Houses 12 Month Extension
London has long been a major financial center. For years, this was to the advantage of various clearinghouses that participated in the trading industry since it was the prime spot for trading between the US, the EU, and the rest
Read MoreFacebook Shifts Focus From Libra To New Payment Service
Facebook has been making news in the financial world for its controversial Libra Project. Central banks around the world are up in arms over the possibility that Facebook could launch its own digital currency and change the global financial landscape.
Read MoreBIS Will Focus On Developing Digital Currencies
The Bank of International Settlements (BIS) has decided to focus on developing new digital currencies and will have a separate department led by former ECB executive board member Benoit Coeure to lead this project. Facebook’s Libra project and Apple’s recent
Read MoreApple Card Gets In Trouble Over “Sexist Credit Limits”
Earlier this year, Apple Inc. decided to branch out into finance and launch its Apple Card. Apple has a very committed set of customers throughout the world who are ever ready to try out anything new that Apple releases. The new
Read MoreAlipay Launches International E-Wallet For Foreigners In China
Foreigners who have visited China in the past have found it difficult to carry out online purchases because they did not have a Chinese bank account or a local mobile number. That is about to change because Alipay is now
Read MoreUK Tax Office Clarifies Crypto Position And New Tax Laws
Her Majesty’s Revenue and Customs (HMRC) office, the top office for taxes in the UK, recently released its new guidelines for cryptocurrency taxation. They will apply to both individuals and businesses. This is a major move by the office since
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