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Cysec
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cysec
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CryptoCurrency
Cyprus Regulator Officially Deregisters Local Binance Entity
2023-09-12T09:04:42.096+02:00
The exchange applied for the deregistration earlier this year.
It did not offer any services under the Cypriot crypto license.
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Retail FX
CySEC Counters Investment Scams: Warns against Impersonators and Fake Websites
2023-09-07T16:04:21.050+02:00
This alert involves individuals impersonating CySEC's representatives.
The fraudsters allegedly solicit fees from investors for fake compensation claims.
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Retail FX
MetaTrader Plugins Developer Reaches €60,000 Settlement with CySEC
2023-08-29T10:01:15.255+02:00
CySEC has announced a settlement with ISPASS Technologies.
The company offers MetaTrader's integration and trading plugins development.
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Retail FX
CySEC Orders RoboMarkets to Stop Giving “Branded Merchandise” to Clients
2023-08-23T14:54:24.201+02:00
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.
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Retail FX
“Facing Difficulties”: CySEC Investigates CIF That Struggles with Client Funds Returns
2023-08-03T13:56:44.687+02:00
CySEC has licensed Ayers Alliance for nearly a decade.
The company's first regulatory problems began in 2022.
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Brokers
CySEC Slaps €100K Fine on BDSwiss for Non-Compliance
2023-07-27T12:23:00.967+02:00
The penalty was imposed for lapses around the initial margin and risk warning.
BDSwiss also faced regulatory actions earlier in Cyprus and the UK.
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Regulation
Exclusive | CySEC's Chair: Regulators Should Be 'Careful' with AI
2023-07-20T11:00:00.000+02:00
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."
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Yam Yehoshua
Institutional FX
MultiBank Group Gets CySEC License, Eyes Going Public in 2023
2023-07-19T16:33:01.333+02:00
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.
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Regulation
Exclusive: Investors aren't 'Doing their Homework', Says CySEC Chair
2023-07-18T11:32:53.783+02:00
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.
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Retail FX
Freedom Finance Pays €50K to CySEC over ‘Potential’ AML Non-Compliance
2023-07-13T15:36:21.029+02:00
The firm operates the brands Freedom Finance, Freedom Broker and Freedom 24.
CySEC announced €100K settlement with BCS Cyprus on Wednesday.
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Retail FX
Exclusive: CySEC Offers €140,000 for Investigating Cypriot Investment Firms
2023-07-13T14:58:44.532+02:00
The regulator is looking for an external expert to conduct the investigations.
In 2022, CySEC conducted 119 remote document inspections.
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Institutional FX
ESMA Lauds National Regulators for Improving Oversight Roles
2023-07-13T13:55:06.975+02:00
The regulators reviewed are from Cyprus, Greece, Iceland, the Netherlands, and Slovenia.
The report follows a peer review conducted in 2017.
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Institutional FX
CySEC Reaches €100k Settlement with Institutional Broker BCS Cyprus
2023-07-12T20:07:21.170+02:00
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.
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CryptoCurrency
Bybit Strengthens Regulation with New Cyprus License
2023-06-26T12:29:41.631+02:00
The license will allow Bybit to offer crypto exchange and custody services.
The exchange recently exited Canada due to straight regulations.
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Retail FX
CySEC Warns against OANDA TMS Clone Website
2023-06-22T11:09:50.575+02:00
The Cypriot regulator published a new list of warnings today.
Among nine illegal entities was an OANDA TMS clone.
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Retail FX
Operator of Closed CFDs Broker 101investing Fined €50K by CySEC
2023-06-20T10:18:02.654+02:00
101investing closed its service in early 2022.
The operator has voluntarily renounced its CySEC license.
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CryptoCurrency
Binance Seeks to Deregister Cypriot Subsidiary
2023-06-14T21:28:34.952+02:00
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.
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Retail FX
News Nuggets | 1 June: Revolut Hits 30M Users; Crypto Trading on TP ICAP
2023-06-01T12:07:51.247+02:00
Also, CySEC's symbolic administrative fines and new Orbex account.
Read today's FX/CFDs, crypto and fintech sectors' dynamic news.
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Retail FX
Retail Brokers, CySEC Wants to Pay You a Visit
2023-05-19T10:10:12.531+02:00
The regulator will review the MiFID II compliance around marketing.
The site visits will be done in the second half of 2023.
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Retail FX
CySEC Warns against Impersonators of Officials, Representatives
2023-05-19T08:55:43.859+02:00
It was the third warning from CySEC against impersonators.
These scammers contact clients of regulated entities and sanctioned firms.
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Retail FX
News Nuggets | 18 May: Stone Edge Capital Lost CySEC License; FCA Deputy Chair
2023-05-18T11:55:11.873+02:00
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.
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Retail FX
CySEC Revokes ICF Membership of Brokerages Trilt and RMG Holdings
2023-05-09T15:08:08.971+02:00
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.
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Retail FX
CySEC Withdraws CIF License of FX/CFDs Broker, Trilt
2023-04-28T18:59:13.084+02:00
Trilt received its license from the Cypriot watchdog in October 2014.
CySEC has announced at least 5 CIF license withdrawals since January.
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Retail FX
CySEC Warns against 8 Illegal FX/CFDs Trading Platforms
2023-04-24T19:01:34.857+02:00
The Cypriot regulators flagged six websites in March and five in January.
Recently, three CySEC-registered FX/CFDs broker encountered problems.
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Executives
Elie Aoun, CFI Cyprus’ CEO, Joins CySEC’s ICF Admin Committee
2023-04-14T17:58:27.833+02:00
Aoun has been a CEO at CFI Cyprus for over 10 years now.
ICF offers protection to clients of Cyprus Investment Firms.
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