Tag: forex-news

Cyprus financial regulator CySEC has issued a notice (see full text below) that it has decided to recall its decision for the partial suspension of the Cyprus Investment Firm (CIF) license of Indication Investments Ltd. Indication Investment operates the Libertex retail FX brand, at website libertex.com. As we reported at the beginning of August, CySEC…

Read More “Libertex has CySEC CIF license reinstated after removing giveaways” »

The Department of Justice (DOJ) confirmed today that 25-year old Forex trader Kelvin Ramirez has pleaded guilty to wire fraud. The trader, who falsely claimed he was successful, faces a maximum penalty of 20 years in prison. Ramirez pleaded guilty today in the Southern District of Texas to defrauding investors that he solicited via social…

Read More “Self-proclaimed “successful” Forex trader admits wire fraud” »

The Chairman of the Governing Board of the Swiss National Bank, Thomas Jordan, had to undergo a medical procedure at the weekend, which proved necessary following a preventive check-up, SNB has confirmed. The operation was successful and Thomas Jordan is in a good condition. He will be able to devote himself fully to SNB official…

Read More “SNB confirms Chairman Thomas Jordan underwent medical procedure” »

JP Morgan Clearing Corporation, now known as JP Morgan Securities LLC, has agreed to pay a fine of $300,000 as a part of a settlement with the Financial Industry Regulatory Authority (FINRA). The settlement stems from the firm’s alleged violations of Regulation SHO. The Securities and Exchange Commission (SEC) adopted Regulation SHO to address concerns…

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XREX, a Taipei based crypto-fiat fintech company driving financial inclusion via blockchain, has announced that it has closed its $17 million Pre-A round, which was oversubscribed by 200%. XREX will use the funding to expand its fiat currency portfolio, acquire additional licenses, and forge partnerships with more financial institutions and digital wallets. Led by CDIB…

Read More “Crypto-fiat Taiwanese startup XREX raises $17M led by CDIB” »

New Zealand’s Financial Markets Authority (FMA) has issued a formal warning to Sharesies Limited and Sharesies Nominee Limited for failing to have sufficient anti-money laundering procedures, policies, and controls in place. The FMA identified the issues with Sharesies as part of its ongoing monitoring of compliance with the Anti-Money Laundering and Countering Financing of Terrorism…

Read More “NZ regulator warns investment co Sharesies over AML failures” »

Global Retail FX and CFDs broker Exness has taken a key step to increase its presence in the Arabic speaking and MENA market, announcing the appointment of Wael Makarem as the firm’s Senior Market Strategist for the MENA region. Mr. Makarem will represent the leading CFD provider on various media platforms in English and Arabic as…

Read More “Exness hires Wael Makarem as Senior Market Strategist – MENA” »

PayPal (NASDAQ:PYPL) today announced the launch of a new service enabling its customers in the UK to buy, hold and sell cryptocurrency with PayPal. This new service starts rolling out this week. Customers can choose from four types of cryptocurrencies – Bitcoin, Ethereum, Litecoin and Bitcoin Cash. By accessing their PayPal account via the website…

Read More “PayPal offers UK customers to buy, hold and sell cryptocurrency” »

Specialized payments platform Paysafe (NYSE:PSFE) announces that it has signed a definitive agreement to acquire German fintech company, viafintech, in an all-cash transaction. viafintech, known under the brands of Barzahlen/viacash and viacash, offers the largest, bank independent, payments infrastructure in the DACH region, allowing a popular alternative to the traditional banking structure. For Paysafe, this…

Read More “Paysafe to acquire German fintech company viafintech” »

Sezzle Inc. (ASX:SZL) today confirms that it has confidentially submitted a draft Registration Statement on Form S-1 with the Securities and Exchange Commission (SEC) relating to the proposed underwritten Initial Public Offering (IPO) of the Company’s common stock in the United States. The number of shares to be offered and the price range for the…

Read More “Sezzle files confidential registration for IPO in the United States” »