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Institutional FX

Cyprus Regulator Withdraws License of FXBFI Broker amid Compliance Issues

  • The decision was made by CySEC's board on September 18.
  • This move follows a fine of €50,000 imposed against the firm in June.
by Jared Kirui
Retail FX

CySEC Imposes Administrative Penalty on Ayers Alliance's Owner

  • The regulator initiated an investigation against Ayers Alliance last month.
  • The company has now renounced its CIF license.
by Arnab Shome
CryptoCurrency

eToro Expands EU Presence: Gains CySEC Crypto License

  • eToro expands to offer crypto services across the European Union.
  • MiCA is to bring certainty and security to Europe's crypto landscape.
by Tareq Sikder
CryptoCurrency

Cyprus Regulator Officially Deregisters Local Binance Entity

  • The exchange applied for the deregistration earlier this year.
  • It did not offer any services under the Cypriot crypto license.
by Arnab Shome
Retail FX

CySEC Counters Investment Scams: Warns against Impersonators and Fake Websites

  • This alert involves individuals impersonating CySEC's representatives.
  • The fraudsters allegedly solicit fees from investors for fake compensation claims.
by Jared Kirui
Retail FX

MetaTrader Plugins Developer Reaches €60,000 Settlement with CySEC

  • CySEC has announced a settlement with ISPASS Technologies.
  • The company offers MetaTrader's integration and trading plugins development.
by Damian Chmiel
Retail FX

CySEC Orders RoboMarkets to Stop Giving “Branded Merchandise” to Clients

  • The Cypriot watchdog said the practice contradicts MiFIR rules and ESMA's directive.
  • The regulator recently disclosed plans to conduct on-site visits on a sample of CIFs.
by Solomon Oladipupo
Retail FX

“Facing Difficulties”: CySEC Investigates CIF That Struggles with Client Funds Returns

  • CySEC has licensed Ayers Alliance for nearly a decade.
  • The company's first regulatory problems began in 2022.
by Damian Chmiel
Brokers

CySEC Slaps €100K Fine on BDSwiss for Non-Compliance

  • The penalty was imposed for lapses around the initial margin and risk warning.
  • BDSwiss also faced regulatory actions earlier in Cyprus and the UK.
by Arnab Shome
Regulation

Exclusive | CySEC's Chair: Regulators Should Be 'Careful' with AI

  • In part 2 of our interview, Dr George Theocharides talks AI, fintech, and the FTX saga.
  • The SEC's "aggressive stance" towards Binance and Coinbase is an attempt to create "a structure."
by Yam Yehoshua
Institutional FX

MultiBank Group Gets CySEC License, Eyes Going Public in 2023

  • Chairman Taher in 2016 said the company was considering going public in Hong Kong.
  • However, MultiBank relocated its headquarters from Hong Kong to Dubai in late 2022.
by Solomon Oladipupo
Regulation

Exclusive: Investors aren't 'Doing their Homework', Says CySEC Chair

  • Dr. George Theocharides talks regulatory action, financial literacy and the future of CFDs.
  • Though the potential lies in a different sector, with €10b under management.
by Yam Yehoshua
Retail FX

Freedom Finance Pays €50K to CySEC over ‘Potential’ AML Non-Compliance

  • The firm operates the brands Freedom Finance, Freedom Broker and Freedom 24.
  • CySEC announced €100K settlement with BCS Cyprus on Wednesday.
by Solomon Oladipupo
Retail FX

Exclusive: CySEC Offers €140,000 for Investigating Cypriot Investment Firms

  • The regulator is looking for an external expert to conduct the investigations.
  • In 2022, CySEC conducted 119 remote document inspections.
by Damian Chmiel
Institutional FX

ESMA Lauds National Regulators for Improving Oversight Roles

  • The regulators reviewed are from Cyprus, Greece, Iceland, the Netherlands, and Slovenia.
  • The report follows a peer review conducted in 2017.
by Jared Kirui
Institutional FX

CySEC Reaches €100k Settlement with Institutional Broker BCS Cyprus

  • The regulator probed BCS's compliance with market abuse rules between 2019 and 2021.
  • CySEC has withdrawn at least five CIF licenses since the start of 2023.
by Solomon Oladipupo
CryptoCurrency

Bybit Strengthens Regulation with New Cyprus License

  • The license will allow Bybit to offer crypto exchange and custody services.
  • The exchange recently exited Canada due to straight regulations.
by Arnab Shome
Retail FX

CySEC Warns against OANDA TMS Clone Website

  • The Cypriot regulator published a new list of warnings today.
  • Among nine illegal entities was an OANDA TMS clone.
by Damian Chmiel
Retail FX

Operator of Closed CFDs Broker 101investing Fined €50K by CySEC

  • 101investing closed its service in early 2022.
  • The operator has voluntarily renounced its CySEC license.
by Arnab Shome
CryptoCurrency

Binance Seeks to Deregister Cypriot Subsidiary

  • Binance told CoinDesk it is preparing for MiCA, EU's landmark crypto law.
  • The move comes as Binance battles an SEC lawsuit in the United States.
by Solomon Oladipupo
Retail FX

News Nuggets | 1 June: Revolut Hits 30M Users; Crypto Trading on TP ICAP

  • Also, CySEC's symbolic administrative fines and new Orbex account.
  • Read today's FX/CFDs, crypto and fintech sectors' dynamic news.
by Finance Magnates Staff
Retail FX

Retail Brokers, CySEC Wants to Pay You a Visit

  • The regulator will review the MiFID II compliance around marketing.
  • The site visits will be done in the second half of 2023.
by Arnab Shome
Retail FX

CySEC Warns against Impersonators of Officials, Representatives

  • It was the third warning from CySEC against impersonators.
  • These scammers contact clients of regulated entities and sanctioned firms.
by Arnab Shome
Retail FX

News Nuggets | 18 May: Stone Edge Capital Lost CySEC License; FCA Deputy Chair

  • Also, KX's partnership with Amazon Web Services and Delta Capita's new APAC Head.
  • Read today's FX/CFDs, crypto and fintech sectors' dynamic news.
by Finance Magnates Staff
Retail FX

CySEC Revokes ICF Membership of Brokerages Trilt and RMG Holdings

  • Trilt and RMG's licenses were withdrawn last month and in April 2022, respectively.
  • ICF compensation is open to clients of both firms covered before the termination.
by Solomon Oladipupo
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