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FinTech
Revolut under Scrutiny: FCA Probes Suspicious Account Transactions
2023-10-02T19:39:19.930+02:00
The regulator is investigating whether Revolut allowed transactions flagged by the NCA.
Up to £1.7 million was allegedly released from these accounts in July and August.
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Retail FX
News Nuggets | 2 October: ADMISI to Pay £6.5M Fine; MetaTrader 5 Presents New Update
2023-10-02T12:04:11.831+02:00
Also, Tusk Capital loses regulatory permissions; Tap Global announces US launch.
Read today's FX/CFDs, crypto and fintech sectors' dynamic news.
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Retail FX
FCA's Big Screen Debut Targets Investment Hype
2023-09-25T16:28:46.538+02:00
The FCA launched a cinema ad campaign to educate the public about the risks of investment hype.
The ad will be shown before the new film ‘Dumb Money’, which explores the GameStop saga.
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CryptoCurrency
The UK's FCA Sends Final Warning as Crypto Regulation Deadline Nears
2023-09-21T13:46:07.402+02:00
The promotional regime kicks in the next two weeks, and companies still face 'challenges'.
The FCA is reminding about the consequences of failing to comply with the new regulations.
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Retail FX
Beware the Doppelganger: UK FCA Exposes Fake BUX Trading Platform
2023-09-19T10:21:35.680+02:00
FCA has warned against Trader BUX Markets.
As it turns out, it is the second clone of BUX in the UK within the last 12 months.
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Op-ed
Retail FX
Op-ed
FX and CFDs Brokerage Licences: To Buy or Apply?
2023-09-14T15:30:00.000+02:00
Costs for licenses differ significantly depending on location.
Regulatory appetite for new market entrants is a key consideration.
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Retail FX
FCA's New Checks Could Be a Game-Changer for Financial Ads
2023-09-12T12:14:36.583+02:00
The FCA implements new screening checks for firms approving financial ads.
This is another move of the institution in the fight against inappropriate commercials.
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CryptoCurrency
FCA: Crypto Firms Face "Significant Challenges" Ahead of Financial Promotions Regime
2023-09-08T15:58:39.574+02:00
The UK's much-anticipated financial promotions regime will be implemented on October 8.
According to the regulator, some companies have overlooked the broader aspect of the regulation.
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Retail FX
News Nuggets | 31 August: CQG Trader Platform Retires; Twitter to Collect Biometric Data
2023-08-31T12:14:48.188+02:00
Also, the FCA released new warnings against unlicensed companies; LCH appointed a new CEO.
Read today's FX/CFDs, crypto and fintech sectors' dynamic news.
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Retail FX
News Nuggets | 30 August: SEC Charges Citigroup; FMA and FCA Warn against Clone Websites
2023-08-30T11:33:09.381+02:00
Also, Bybit launches revamped 'Launchpad 3.0'; Nasdaq Announces CFO Transition.
Read today's FX/CFDs, crypto and fintech sectors' dynamic news.
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Retail FX
News Nuggets | 28 August: ASIC Suspends AFS License; FCA Warns against 5 Fraudulent Firms
2023-08-28T12:36:43.826+02:00
Also, Coinstore two hits milestones; Cake Group completes its executive team.
Read today's FX/CFDs, crypto and fintech sectors' dynamic news.
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CryptoCurrency
UK Crypto Firms Brace for Compliance as FCA Sets Deadline for ‘Travel Rule’ Implementation
2023-08-17T18:51:43.877+02:00
Starting September 1, crypto companies in the UK must provide information on transfers.
Crypto firms have until August 25 to provide input on the new guidance.
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Retail FX
News Nuggets | 15 August: Devexperts Updates DXcharts; FCA Warns against Seven Companies
2023-08-15T13:55:20.211+02:00
Also, BaFin investigates Cryptowall-Trading; MAS introduces stablecoins' regulation.
Read today's FX/CFDs, crypto and fintech sectors' dynamic news.
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Retail FX
News Nuggets | 10 August: CFI Welcomes MENA's Marketing Head; FCA Cancels Matrix License
2023-08-10T13:32:14.329+02:00
Also, France updated its crypto licensing regime; Blue Suisse adopted MetaTrader 5.
Read today's FX/CFDs, crypto and fintech sectors' dynamic news.
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Retail FX
News Nuggets | 9 August: GO Markets Expands into Asia; BaFin Investigates Worldcoin
2023-08-09T14:02:36.641+02:00
Also, FCA issues new warnings; RaiseFX celebrates growth in Africa.
Read today's FX/CFDs, crypto and fintech sectors' dynamic news.
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Institutional FX
FCA Cracks Down on Rogue Financial Promotions among Trading Firms
2023-08-07T21:42:50.999+02:00
The regulator said 1,507 advertisements have been amended.
The FCA has tightened rules for marketing financial services on social media.
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Retail FX
News Nuggets | 7 August: FCA Warns against 20 Fraudulent Firms; Doo Group Hires Head of HR
2023-08-07T13:41:50.659+02:00
Also, Fasset presents 'super-app'; Block axes its European venture and CS cuts jobs in HK.
Read today's FX/CFDs, crypto and fintech sectors' dynamic news.
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Institutional FX
Edgewater Expands in the UK: Secures FCA License and Announces New CEO
2023-08-07T13:13:45.582+02:00
Edgewater Markets Limited secures a license from the FCA.
In addition, Emanuel Georgouras was announced as the new Chief Executive for the UK entity.
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Retail FX
News Nuggets | 1 August: Meta to Launch 'Personas' AI Bots; Conotoxia Shows New Feature
2023-08-01T11:27:03.716+02:00
Also, Paul Turner Joins Capex; HSBC doubles its net profit.
Read today's FX/CFDs, crypto and fintech sectors' dynamic news.
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Retail FX
Consumer Duty Comes into Effect in the UK
2023-07-31T08:01:34.580+02:00
Consumer duty rules for products and services that are open for sale and renewal have become effective.
A survey found that a third of the firms would not fully comply with the rules by the deadline.
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Retail FX
Your Gain, Their Pain: The UK Regulators Paying for Missteps in New Complaints Scheme
2023-07-27T11:20:45.742+02:00
Three entities have concluded an overhaul of their regulatory complaints system.
Changes aim for enhanced transparency and clearer compensation guidelines.
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CryptoCurrency
UK Crypto Firms Might Come under Prudential Rules as FCA Designs Policy
2023-07-20T23:45:30.228+02:00
The FCA's new prudential regime IFPR entered into force on January 1, 2022.
Liquidity requirements for CFD providers and other similar firms jumped last year.
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FinTech
The UK Launches the Permanent Digital Sandbox to Fuel Market Innovation
2023-07-20T12:00:15.184+02:00
After successful pilots, the Digital Sandbox will be permanently available from August.
The platform enables the experimentation of early-stage product developments.
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Retail FX
FCA Begins Proceedings against Individual over £1.3M Unauthorized Investment Scheme
2023-07-19T13:40:54.872+02:00
Daniel Pugh is facing charges of fraud and breaching the Financial Services and Markets Act.
He is accused of defrauding investors of approximately £1.3 million.
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Brokers
GMO-Z.com Winds Down Business amid Low Profitability
2023-07-18T19:19:04.364+02:00
The shareholders of the spot FX services provider have resolved to dissolve the company.
The decision followed a failed attempt to sell the business to 26 Degrees.
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