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Cysec
Europe's Economic Crossroads: Recession Fears and S&P Global's
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Will Blockchain Technology Mark a Turning Point in Fraud
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7 Things We Wish Someone Had Told Us Before We Started Trading
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Why the future of brokerage belongs to trust, not tricks
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Europe's Economic Crossroads: Recession Fears and S&P Global's
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cysec
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FinTech
ESMA Unveils New Logo, Plans New Website Launch
2023-01-03T15:08:47.213+02:00
The EU financial regulator has started adopting the new logo.
ESMA said its new website will be launched later this month.
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CryptoCurrency
CySEC Extends FTX EU’s CIF License Suspension to March 2023
2022-12-23T01:03:06.759+02:00
Japan extended the suspension of FTX Japan to March 9, 2023.
Australia's regulator's suspension stands until May 15, 2023.
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Executive Moves
CySEC's Dr Theocharides Becomes Chair of ESMA's Risk Standing Committee
2022-12-21T10:44:34.919+02:00
The RSC is the successor of the Committee for Economic and Markets Analysis.
ESMA named the Chair of several other standing committees as well.
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Retail FX
CySEC Reaches New €100k Settlement with BCM Begin Capital Markets
2022-12-16T18:40:57.324+02:00
BCM Begin paid a €170k settlement to CySEC over six months ago.
Both settlements are for possible violations of the same rules.
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Retail FX
CySEC Alerts against 5 Illegal FX/CFDs Trading Platforms
2022-12-08T10:47:36.410+02:00
One of the platforms is even falsely claiming to have a CySEC license.
The regulator recently warned against fraudsters impersonating the regulatory website.
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Retail FX
Swissquote Gains CySEC License to Boost European Operations
2022-12-07T14:09:29.575+02:00
The broker will launch services under the new license next year.
It also holds more than half-a-dozen other regulatory licenses.
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FinTech
CySEC Adjusts Rules on Investment Services Provision in Third Countries
2022-11-29T19:23:17.876+02:00
The new rules are based on the regulator's Board meeting held last Thursday.
The new stipulations displace the rules issued in February 2018.
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Institutional FX
CySEC Warns against Impersonating Officers, Fake Websites
2022-11-22T21:48:37.007+02:00
The regulator detected five new rogue websites.
CySEC issued a similar warning in April.
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Regulation
CySEC Settles with ROInvesting's Operator Royal Forex for €120K
2022-11-17T13:44:09.935+02:00
There were possible lapses in compliance between July 2020 and October 2021.
The company has already voluntarily renounced its CIF license.
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Op-ed
Retail FX
Op-ed
2022, a Year of Tightening Marketing Regulations for Retail Brokers
2022-11-16T11:43:39.124+02:00
The COVID-19 pandemic saw a significant rise in online investments and digital crimes
Several countries have tightened their financial advertising regulations to protect the public
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Retail FX
Equiti Group Opens Cyprus Office One Month after Getting CySEC License
2022-11-14T22:16:44.041+02:00
The new office is Equiti Group's 10th local office across the world.
The license was granted to Equiti Global Markets Limited in October.
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CryptoCurrency
FTX's CySEC License Suspension Likely to Start Wider Regulatory Audits
2022-11-14T12:50:36.539+02:00
The European subsidiary obtained the CIF license in September.
FTX now filed for Chapter 11 bankruptcy protection in the US.
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Retail FX
CySEC Wants Investors to Evaluate Their Trading Knowledge
2022-11-10T11:27:57.697+02:00
The regulator has launched a special financial quiz.
It mentions low financial literacy in Cyprus.
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Retail FX
CySEC Expands Warning List, Adds Five Unlicensed Trading Platforms
2022-11-03T17:56:55.788+02:00
Some of them pretended to be licensed entities.
One broker turned out to be a clone of an authorized trading company.
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Regulation
Binance Gains Crypto License in Cyprus
2022-10-21T07:32:54.153+02:00
The exchange now holds multiple licenses within the EU.
Other top crypto exchanges, FTX and Crypto.com, also gained CySEC’s approval.
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Retail FX
CySEC Revokes ICF Membership of MPS, Finteractive and Two Others
2022-10-20T11:52:36.905+02:00
The CIF licenses of these companies were withdrawn earlier this year.
ICF provides deposit protection of up to €20,000.
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Retail FX
CySEC Asks Maxigrid Clients to Submit ICF Compensation Claims
2022-10-20T08:40:18.120+02:00
Clients must submit claims before April 2023.
The license of the brokerage operator was canceled last February.
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CryptoCurrency
CySEC Chair Warns against Crypto Investment Risks, Endorses MiCA
2022-10-18T13:21:38.925+02:00
CySEC is one of the EU jurisdictions that is recognizing crypto companies.
Several major crypto companies have recently gained a CySEC license.
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Retail FX
CySEC Fines General Capital Brokers €120k for Possible License Offense
2022-10-14T18:05:38.724+02:00
The settlement covers possible lapses between November 2020 and October 2021.
CySEC reached a €100k agreement with ICC Intercertus Capital in August.
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Retail FX
EXCLUSIVE: M4Markets Aims for Europe with New CySEC License
2022-10-10T11:13:07.217+02:00
M4Markets raised an undisclosed sum in capital round earlier in the year.
Competitor Equiti Group has also secured a CySEC license.
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Regulation
Equiti Group Secures CySEC License to Deepen Presence in Europe
2022-10-05T16:33:35.594+02:00
The Group announced the appointment of Hesham Hasanin as the CEO of its Cypriot subsidiary.
The CySEC license is the company's 8th regulatory license.
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CryptoCurrency
Revolut Gains CySEC's Approval to Offer Cryptocurrency Services
2022-08-15T16:33:40.760+02:00
The approval grants Revolut access to offering crypto services to European clients.
Digital assets were between 5% and 10% of Revolut's revenue.
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Regulation
ICC Intercertus Capital Pays €100K to CySEC to Settle Possible Violations
2022-08-10T18:15:24.477+02:00
The settlement concerns marketing, distribution and sales of CFDs to retail clients.
FXBFI Broker also paid €150k to settle its possible violations of local regulations.
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Brokers
FXBFI Broker Pays €150K to CySEC to Settle Possible Violations
2022-08-09T22:06:24.137+02:00
The decision was reached by CySEC's Board on March 4, 2022.
CySEC announced three license withdrawals in late July.
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Regulation
F1 Markets and Magnum FX (Cyprus) Settle with CySEC, Paying €150K Each
2022-08-02T11:02:30.934+02:00
There were several possible compliance violations for both brokers.
Both of them faced a 2-week license suspension in mid-2020.
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Next
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