A Bloomberg Terminal screenshot posted on social media sparked a wave of rumors that China will ban Bitcoin again.
Finance Magnates
It seems the recent Bitcoin rally is not unstoppable after all. After the BTC/USD exchange rate reached as high as $744 per Bitcoin yesterday many expected it to very soon break the $750 benchmark. Instead, the price rapidly crashed to as low as $677 before settling back around the $700 level.
The reason for this unexpected drop is new rumors that Chinese regulators are set to limit Bitcoin trading. If this sounds familiar it is because we have seen this play out before a number of times already, when Chinese central bankers and financial authorities made some disparaging statements about the cryptocurrency.
What seems to have sparked the rumor mill this time are unconfirmed reports assigned to anonymous Bloomberg sources that China is looking to limit Bitcoin as a way to prevent people from moving their funds offshore. After a Bloomberg Terminal screenshot posted on social media first appeared with the story, many people doubted the validity of the report. However, soon after the popular financial doom and conspiracy blog ZeroHedge picked up the story and ran it to its considerable avid following giving it a higher level of credibility with many day traders.
Bloomberg Terminal Screenshot
Charles Hayter, the CEO of CryptoCompare.com, comments: “At this moment the rumours are unverifiable leading to a number of possible scenarios - With uncertainty comes Volatility.
A premium has been in existence on the Chinese markets for the past few weeks as the Yuan has depreciated - on peaks this has been as high as $30 between various markets. The average difference has now come off with the three largest Chinese exchanges trading on a par with the two largest USD exchanges, BitFinex and Bitstamp.
This would suggest more weakness on the CNY markets and a haltering of the optimism, for the time being, in China.
Either the story is true and Bitcoin will face trouble in China - or rumours are being created and circulated to move markets - which is not a stretch of the imagination.”
It seems the recent Bitcoin rally is not unstoppable after all. After the BTC/USD exchange rate reached as high as $744 per Bitcoin yesterday many expected it to very soon break the $750 benchmark. Instead, the price rapidly crashed to as low as $677 before settling back around the $700 level.
The reason for this unexpected drop is new rumors that Chinese regulators are set to limit Bitcoin trading. If this sounds familiar it is because we have seen this play out before a number of times already, when Chinese central bankers and financial authorities made some disparaging statements about the cryptocurrency.
What seems to have sparked the rumor mill this time are unconfirmed reports assigned to anonymous Bloomberg sources that China is looking to limit Bitcoin as a way to prevent people from moving their funds offshore. After a Bloomberg Terminal screenshot posted on social media first appeared with the story, many people doubted the validity of the report. However, soon after the popular financial doom and conspiracy blog ZeroHedge picked up the story and ran it to its considerable avid following giving it a higher level of credibility with many day traders.
Bloomberg Terminal Screenshot
Charles Hayter, the CEO of CryptoCompare.com, comments: “At this moment the rumours are unverifiable leading to a number of possible scenarios - With uncertainty comes Volatility.
A premium has been in existence on the Chinese markets for the past few weeks as the Yuan has depreciated - on peaks this has been as high as $30 between various markets. The average difference has now come off with the three largest Chinese exchanges trading on a par with the two largest USD exchanges, BitFinex and Bitstamp.
This would suggest more weakness on the CNY markets and a haltering of the optimism, for the time being, in China.
Either the story is true and Bitcoin will face trouble in China - or rumours are being created and circulated to move markets - which is not a stretch of the imagination.”
In this conversation, we sit down with Drew Niv, CSO at ATFX Connect and one of the most influential figures in modern FX.
We speak about market structure, the institutional view on liquidity, and the sharp rise of prop trading, a sector Drew has been commenting on in recent months. Drew explains why he once dismissed prop trading, why his view changed, and what he now thinks the model means for brokers, clients and risk managers.
We explore subscription-fee dependency, the high reneging rate, and the long-term challenge: how brokers can build a more stable and honest version of the model. Drew also talks about the traffic advantage standalone prop firms have built and why brokers may still win in the long run if they take the right approach.
In this conversation, we sit down with Drew Niv, CSO at ATFX Connect and one of the most influential figures in modern FX.
We speak about market structure, the institutional view on liquidity, and the sharp rise of prop trading, a sector Drew has been commenting on in recent months. Drew explains why he once dismissed prop trading, why his view changed, and what he now thinks the model means for brokers, clients and risk managers.
We explore subscription-fee dependency, the high reneging rate, and the long-term challenge: how brokers can build a more stable and honest version of the model. Drew also talks about the traffic advantage standalone prop firms have built and why brokers may still win in the long run if they take the right approach.
Executive Interview | Remonda Z. Kirketerp Møller| CEO & Founder Muinmos | FMLS:25
Executive Interview | Remonda Z. Kirketerp Møller| CEO & Founder Muinmos | FMLS:25
In this interview, Remonda Z. Kirketerp Møller, founder of Muinmos, breaks down the state of AI in regtech and what responsible adoption really looks like for brokers. We talk about rising fragmentation, the pressures around compliance accuracy, and why most firms are still in the early stages of AI maturity.
Ramanda also shares insights on regulator sandboxes, shifting expectations around accountability, and the current reality of MiCA licensing and passporting in Europe.
A concise look at where compliance, onboarding, and AI-driven processes are heading next.
In this interview, Remonda Z. Kirketerp Møller, founder of Muinmos, breaks down the state of AI in regtech and what responsible adoption really looks like for brokers. We talk about rising fragmentation, the pressures around compliance accuracy, and why most firms are still in the early stages of AI maturity.
Ramanda also shares insights on regulator sandboxes, shifting expectations around accountability, and the current reality of MiCA licensing and passporting in Europe.
A concise look at where compliance, onboarding, and AI-driven processes are heading next.
In this conversation, we speak with Aydin Bonabi, CEO and co-founder of Surveill, a firm focused on fraud detection and AI-driven compliance tools for financial institutions.
We start with Aydin’s view of the Summit and the challenges brokers face as fraud tactics grow more complex. He explains how firms can stay ahead through real-time signals, data patterns, and early-stage detection.
We also talk about AI training and why compliance teams often struggle to keep models accurate, fair, and aligned with regulatory expectations. Aydin breaks down what “good” AI training looks like inside a financial environment, including the importance of clean data, domain expertise, and human oversight.
He closes with a clear message: fraud is scaling, and so must the tools that stop it.
In this conversation, we speak with Aydin Bonabi, CEO and co-founder of Surveill, a firm focused on fraud detection and AI-driven compliance tools for financial institutions.
We start with Aydin’s view of the Summit and the challenges brokers face as fraud tactics grow more complex. He explains how firms can stay ahead through real-time signals, data patterns, and early-stage detection.
We also talk about AI training and why compliance teams often struggle to keep models accurate, fair, and aligned with regulatory expectations. Aydin breaks down what “good” AI training looks like inside a financial environment, including the importance of clean data, domain expertise, and human oversight.
He closes with a clear message: fraud is scaling, and so must the tools that stop it.
Exness expands its presence in Africa: Inside our interview with Paul Margarites in Cape Town
Exness expands its presence in Africa: Inside our interview with Paul Margarites in Cape Town
Finance Magnates met with Paul Margarites, Exness regional commercial director for Sub-Saharan Africa, during a visit to the firm’s office opening in Cape Town. In this talk, led by Andrea Badiola Mateos, Co-CEO at Finance Magnates, Paul shares views on the South African trading space, local user behavior, mobile trends, regulation, team growth, and how Exness plans to grow in more markets across the region. @Exness
Read the article at: https://www.financemagnates.com/thought-leadership/exness-expands-its-presence-in-africa-inside-our-interview-with-paul-margarites/
#exness #financemagnates #exnesstrading #CFDtrading #tradeonline #africanews #capetown
Finance Magnates met with Paul Margarites, Exness regional commercial director for Sub-Saharan Africa, during a visit to the firm’s office opening in Cape Town. In this talk, led by Andrea Badiola Mateos, Co-CEO at Finance Magnates, Paul shares views on the South African trading space, local user behavior, mobile trends, regulation, team growth, and how Exness plans to grow in more markets across the region. @Exness
Read the article at: https://www.financemagnates.com/thought-leadership/exness-expands-its-presence-in-africa-inside-our-interview-with-paul-margarites/
#exness #financemagnates #exnesstrading #CFDtrading #tradeonline #africanews #capetown
Executive Interview | Jas Shah | FMLS:25
Executive Interview | Jas Shah | FMLS:25
Interview with Jas Shah
Builder | Adviser | Fintech Writer | Product Strategist
In this episode, Jonathan Fine sat down with Jas Shah, one of the most thoughtful voices in global fintech. Known for his work across advisory, product, stablecoins, and his widely read writing, Jas brings a rare combination of industry insight and plain-spoken clarity.
We talk about his first impression of the Summit, the projects that keep him busy today, and how they connect to the stablecoin panel he joined. Jas shares his view on the link between fintech, wealthtech and retail brokers, especially as firms like Revolut, eToro and Trading212 blur long-standing lines in the market.
We also explore what stablecoin adoption might look like for retail investment platforms, including a few product and UX angles that are not obvious at first glance.
To close, Jas explains how he thinks about writing, and how he approaches “shipping” pieces that spark debate across the industry.
Interview with Jas Shah
Builder | Adviser | Fintech Writer | Product Strategist
In this episode, Jonathan Fine sat down with Jas Shah, one of the most thoughtful voices in global fintech. Known for his work across advisory, product, stablecoins, and his widely read writing, Jas brings a rare combination of industry insight and plain-spoken clarity.
We talk about his first impression of the Summit, the projects that keep him busy today, and how they connect to the stablecoin panel he joined. Jas shares his view on the link between fintech, wealthtech and retail brokers, especially as firms like Revolut, eToro and Trading212 blur long-standing lines in the market.
We also explore what stablecoin adoption might look like for retail investment platforms, including a few product and UX angles that are not obvious at first glance.
To close, Jas explains how he thinks about writing, and how he approaches “shipping” pieces that spark debate across the industry.
