Chinese Financial Sector Opens Doors To More Foreign Investors
China has always been hesitant to open itself up to foreign investment with strict controls imposed by the government. This seems to be changing as China is now opening up to foreign investors. However, Beijing promises that it will take
Read MoreFCA Wants Restrictions On High Risk Online Financial Products
Investors in the United Kingdom (UK) are becoming more comfortable with making their investments online and managing their financial portfolio from the comfort of their homes. While there are a number of pros to this trend, the UK financial watchdog
Read MoreFacebook’s Libra Receives Flak During Senate Hearings
Facebook would have expected some opposition when it announced plans for its own cryptocurrency. However, the company has probably received a lot more than would have anticipated from Congress as well as other financial regulators around the world. Congress has
Read MoreCySEC Warns of Growing Increase In Unregulated FX Broker Websites
Cyprus Securities and Exchange Commission (CySEC) is sounding the alarm on the increasing amount of unregulated trading activity in the European market. It has been over a year since the European Securities and Markets Authority (ESMA) set down restrictions to
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 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 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 MoreAfrican FX Market Booming Due To ESMA Regulations
Africa is a big market for forex traders. The continent has 54 countries and more than 40 different currencies which gives traders lots of options to work with. Add to this the fact that traders also get to work with
Read MoreASIC To Roll Out New Forex & CFD Reporting Rules in July
Forex and contracts for difference (CFDs) trading can be profitable but they can also be a risky proposition for many. This is why regulators like the Australian Securities and Investments Commission (ASIC) are wary about these financial instruments. As a
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