Rob Everett, FMA Chief Executive, commented: This new position reflects this sector’s importance to the FMA. Paul has been living and breathing retail funds management in his prior role and I am delighted to take advantage of his passion for getting the best investor outcomes from fund managers and KiwiSaver providers. Gregory moves to the…
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Li explained that in this background Huobi was launched in September 2013. He commented: The most powerful push of the industry is that people realize how profitable it is to invest in Bitcoin. It was on November 19, 2013, I could never forget, I was sitting in front of my laptop and realized that Bitcoin…
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Vanguard is not the only company to turn away from Hong Kong and shift to mainland China. Japan’s Daiwa Securities recently also shared a desire to redirect its operations away from Hong Kong. Keiko Tashiro, deputy president at Daiwa commented: If facts emerge such as people getting arrested one after another, we may need to…
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Oscar Berglund, CEO of Trustly, commented: Expansion into both Australia and Canada is a major milestone in our ambitions to build a global Online Banking Payments network. They are both large markets with great potential and we already see high demand from merchants that are looking for Open Banking solutions and a compelling alternative to…
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TS’O gave the customers false receipts and the additional amount they paid went into his pocket. Subsequently, TS’O was convicted of seven counts of fraud on 7 January 2019. On 21 January 2019, he was sentenced to six months imprisonment, he was also suspended for two years and was ordered to make restitution to the…
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The New Zealand watchdog advisea caution when dealing with the websites www.gold8financialexchange.com; www.gold8services.com and www.gold8institute.com as they are not associated with, or authorised by, the New Zealand registered companies Gold8 Financial Services Limited and/or Gold 8 Services Limited. The FMA previously published a warning about Business Choice Partners Group Limited on 1 July 2020 as a…
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KC Lam, SGX Head of FX and Rates, commented: By September 2022, more than a thousand firms will be impacted by UMR, thus it is important to start planning for it now. Cassini is a natural partner for us in this effort to help our market participants with a best-of-breed solution. Once a SGX market…
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Matthew Alexander, head of asset tokenization of Seba Bank commented: Asia is a promising market not only because of its size but especially because of the affinity of the people towards digital services and digital assets. Lightnet will leverage a blockchain financial protocol developed by decentralized credit and settlement network in Asia, Velo Labs. The…
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LR: What is the primary focus of BlackBull Markets? Michael: Our primary vision is to provide an institutional multi-asset and service brokerage to both retail and institutional investors giving them affordable market access, stability, accountability, and outstanding service from our FMA regulated New Zealand head office. LR: You just got a NZ derivatives issuer licence.…
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Q2 financial highlights include: Net revenue grew by 10.3% to RMB 1,810.5 million ($256.3 million) from RMB 1,641.9 million in the same period during the previous year. Operating profit reached RMB 567.2 million ($80.3 million), 26.1% down from RMB 767.6 million in the Q2 of 2019. Non-GAAP adjusted operating profit, excluding share-based compensation expenses before…
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