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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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Europe's Economic Crossroads: Recession Fears and S&P Global's
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Retail FX
Significant Changes Coming to Investment Products in Hong Kong
2024-07-08T10:59:36.192+02:00
HK's SFC is launching e-IP, a new online system for investment product applications.
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CryptoCurrency
SFC Sounds Alarm on 3 Unlicensed VATPs in Hong Kong
2024-06-28T13:25:15.998+02:00
Tokencan, VBIT Exchange, and HKD.com Corporation are named for operating without licenses.
Police have blocked platforms' websites; investors urged to verify licensing status.
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Retail FX
Hong Kong Watchdog Fined Market Wrongdoers $49.9 Million in 2023/2024
2024-06-19T09:48:42.857+02:00
The agency is using new surveillance tools to crack down on financial crimes.
It is also celebrating the 35th anniversary of its founding in response to a local stock market crisis.
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CryptoCurrency
SFC Issues New Crypto Regulations: 2 Platforms Licensed, 17 Await Approval
2024-06-03T10:44:08.918+02:00
As of June 1, OSL Digital Securities and Hash Blockchain are licensed crypto trading platforms.
Several crypto exchanges, including OKX and Gate.hk, are ceasing operations in Hong Kong.
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CryptoCurrency
SFC Warns of June 1 Deadline: Comply or Face Legal Consequences
2024-05-28T11:01:22.031+02:00
Virtual asset trading platforms must be licensed by June 1, 2024, or face criminal charges
The regulator urges investors to trade only on licensed platforms.
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Retail FX
Strategy Straight from the Casino Promised 40% Monthly Profits: Regulator Warns
2024-04-08T11:43:04.707+02:00
Hong Kong’s financial regulator added PropCap to its alert list and issued a warning.
The company offered high monthly returns on investments thanks to Martingale's strategy.
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CryptoCurrency
Hong Kong Warns against Unlicensed Crypto Exchange Sure X
2024-04-05T17:49:17.538+02:00
Sure X operates under the name "Sure Bit International Pte Ltd" or "Sure Bit International Ltd."
The SFC warned that despite appearing inaccessible, investors might still find ways to access Sure X's websites and trading platform.
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CryptoCurrency
SFC Warns against Fraudulent Crypto Exchanges in Hong Kong
2024-03-25T18:38:23.532+02:00
Two trading platforms, HKCEXP and EDY, have raised alarms with the SFC.
The firms are accused of falsely claiming affiliation and misrepresenting regulatory registration.
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CryptoCurrency
SFC Alerts: MEXC Tiptoes on Thin Ice with Unlicensed Trading Platform
2024-03-15T12:49:25.642+02:00
MEXC has neither obtained a license from the SFC nor started the process to operate a VATP in Hong Kong.
Earlier, the regulator issued a warning to investors regarding Bybit and its offerings.
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Retail FX
Doo Financial Expands Hong Kong Footprint with Securities Trading License
2024-03-15T10:06:06.056+02:00
HK regulator approves Doo Financial for securities dealing, boosting its regional presence.
In the meantime, the company opened a new office in Dubai.
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CryptoCurrency
Bybit under Scrutiny: Hong Kong's Regulator Warns Crypto Investors
2024-03-14T15:19:53.562+02:00
The products offered by the crypto exchange that have raised concerns include futures contracts and options.
The SFC has vowed to take enforcement action against unlicensed crypto activities to protect investors.
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CryptoCurrency
Hong Kong Flags "Floki" and "TokenFi" Staking Programs
2024-01-26T14:47:16.788+02:00
These programs promise annual returns ranging from 30% to over 100%.
Administrators of these programs have allegedly failed to explain the feasibility of these high returns.
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Retail FX
Hong Kong's SFC Presents Three-Year Strategy, Focusing on Tokenization
2024-01-23T11:53:30.159+02:00
Hong Kong SFC's 2024-2026 plan focuses on market resilience and global finance innovation.
The strategy includes tokenizing assets and better controlling cryptocurrencies.
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Retail FX
Regulators on High Alert: FCA, SFC, and FSC Issue New Warnings
2023-12-20T13:23:24.911+02:00
New entities flagged for lacking investment service licenses.
Regulators like FCA, SFC, and FSC stay active, updating warning lists daily.
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Retail FX
News Nuggets | 7 December: CySEC Fines 3 Companies; Nasdaq Appoints New Director
2023-12-07T12:39:43.918+02:00
Also, SoFi to pay FINRA fine; KPMG explores merger of the UK and Swiss businesses.
Read today's FX/CFDs, crypto and fintech sectors' dynamic news.
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Retail FX
News Nuggets | 6 December: Capital.com Hires New CSO; Robinhood Adds 135 Symbols
2023-12-06T13:04:13.252+02:00
FCA warns against Christmas fraud; GSTechnologies purchases Semnet.
Read today's FX/CFDs, crypto and fintech sectors' dynamic news.
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CryptoCurrency
Interactive Brokers Hong Kong Enters Retail Crypto Trading Arena
2023-11-24T22:13:51.108+02:00
The brokerage giant has obtained a crypto trading license in Hong Kong.
Interactive Brokers joined Victory Securities in securing the SFC's approval.
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Retail FX
News Nuggets | 23 November: eToro Presents New Products; Mercer to Pay $12M Penalty
2023-11-23T12:27:49.824+02:00
Also, ASIC secures undertaking from iExtend; SFC initiates legal action against AMTD.
Read today's FX/CFDs, crypto and fintech sectors' dynamic news.
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Retail FX
News Nuggets | 22 November: ASIC Suspends AFS licence; SFC Fines Lion Futures $2.8 Million
2023-11-22T13:15:08.405+02:00
Also, Wedbush Securities appointed a new managing director, and BIS introduced a new data portal.
Read today's FX/CFDs, crypto and fintech sectors' dynamic news.
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Retail FX
News Nuggets | 7 November: Acuity Adds New MT Feature; eToro Presents SpaceTech Portfolio
2023-11-07T12:31:44.001+02:00
Also, Travelex appoints a new Global Retail Director; Broadridge introduces AI-enabled tools.
Read today's FX/CFDs, crypto and fintech sectors' dynamic news.
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Retail FX
News Nuggets | 31 October: XS.com Hires New Manager; Scope Markets Expands CFDs Portfolio
2023-10-31T12:03:55.547+02:00
Also, FCA takes action on BNPL contracts; NFA fines Oscar Gruss & Son and MFA Urges UK regulators to eliminate reduntant regulations.
Read today's FX/CFDs, crypto and fintech sectors' dynamic news.
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CryptoCurrency
Is Crypto Now for Pros Only? Hong Kongs Leaves Investors Guessing
2023-10-23T10:18:08.657+02:00
Hong Kong's SFC and HKMA revise guidelines on intermediaries' virtual asset activities.
The newest circular sends mixed signals to the crypto industry.
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CryptoCurrency
SFC and Hong Kong Police Collaborate on Monitoring Virtual Asset Trading Platforms
2023-10-04T14:44:55.534+02:00
The working group was formed following a high-level meeting between the two organizations.
The partnership underscores the commitment to safeguarding investors.
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CryptoCurrency
JPEX Scandal Pushes Hong Kong's SFC to Roll Out New Crypto Rules
2023-09-26T12:29:25.928+02:00
Hong Kong's SFC presents new initiatives to protect investors after the JPEX scandal.
Over 1,400 complaints have been lodged, implicating almost $130 million in losses.
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CryptoCurrency
JPEX's Legal Woes Could Signal Trouble for Hong Kong Crypto
2023-09-19T10:50:34.994+02:00
HK authorities have arrested six people linked to an unlicensed cryptocurrency exchange.
The SFC has flagged complaints against JPEX involving more than $127.9 million in losses.
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