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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.
Wednesday, 27/09/2023 | 13:51 GMT
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.
Tuesday, 26/09/2023 | 08:56 GMT
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.
Thursday, 21/09/2023 | 09:03 GMT
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.
Tuesday, 12/09/2023 | 07:04 GMT
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.
Thursday, 07/09/2023 | 14:04 GMT
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.
Tuesday, 29/08/2023 | 08:01 GMT
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.
Wednesday, 23/08/2023 | 12:54 GMT
by
Solomon Oladipupo
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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.
Thursday, 03/08/2023 | 11:56 GMT
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.
Thursday, 27/07/2023 | 10:23 GMT
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."
Thursday, 20/07/2023 | 09:00 GMT
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.
Wednesday, 19/07/2023 | 14:33 GMT
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.
Tuesday, 18/07/2023 | 09:32 GMT
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.
Thursday, 13/07/2023 | 13:36 GMT
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.
Thursday, 13/07/2023 | 12:58 GMT
by
Damian Chmiel
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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.
Thursday, 13/07/2023 | 11:55 GMT
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.
Wednesday, 12/07/2023 | 18:07 GMT
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.
Monday, 26/06/2023 | 10:29 GMT
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.
Thursday, 22/06/2023 | 09:09 GMT
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.
Tuesday, 20/06/2023 | 08:18 GMT
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.
Wednesday, 14/06/2023 | 19:28 GMT
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.
Thursday, 01/06/2023 | 10:07 GMT
by
Finance Magnates Staff
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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.
Friday, 19/05/2023 | 08:10 GMT
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.
Friday, 19/05/2023 | 06:55 GMT
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.
Thursday, 18/05/2023 | 09:55 GMT
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.
Tuesday, 09/05/2023 | 13:08 GMT
by
Solomon Oladipupo
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