Facebook's ambitious cryptocurrency project called Libra is getting a lot of attention, especially from regulatory point of view. Leaprate recently reported that there are a lot of regulatory bodies now looking at Libra and wondering how this upcoming "global" currency will affect the entire world. One of this not so enamored with the project regulatory bodies…
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The UK’s regulatory watchdog was in the press again yesterday. Per its press release: The Financial Conduct Authority (FCA) is proposing rules to address harm to retail consumers from the sale of derivatives and exchange traded notes (ETNs) referencing certain types of cryptoassets. The FCA considers these products are ill-suited to retail consumers who cannot…
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The Autorité des marchés financiers (AMF) has issued a public warning against the activities of the website www.flexioptions.com. The AMF is publishing a list of new websites offering binary options trading, for which no authorized investment services provider could be clearly identified and has just added its latest warning. A list of all unauthorized websites…
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The UK regulator FCA has put out details of three clone firms yesterday. Fraudsters are using the details of firms, authorised by the FCA, to try to convince people that they work for a genuine, authorised firm. Fraudsters are using or giving out the following details as part of their tactics to scam people in…
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The Financial Markets Authority (FMA) has just issued a public warning against a scam company called Willow Group Limited. Details of the company can be seen below: Willow Group Limited Address: Rykaden Capital Tower, 135 Hoi Bun Road, Kwun Tong, Hong Kong Website: www.willowmgmt.com Email: [email protected] According to the regulator, Willow Group Limited is not…
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Regulators have a tough enough time policing their domestic jurisdictions, but with the complexities of global commerce, cyber threats proliferating across the globe, and shady virtual businesses evading the rule of law, the need for ample coordination and cooperation between national regulators is paramount. Due to this need, the United States Commodity Futures Trading Commission…
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UK financial regulator Financial Conduct Authority (FCA) has issued several warnings against unregulated financial services providers targeting UK consumers. The FCA’s latest warnings include the companies Hedge Prestige Bank and Stepsworth Consulting Group; as well as the clone firms Everyday Loans, ECM Asset Management Limited, HG Financial Management Co - Huber Gustav, Van Gossum Consult,…
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The Cyprus regulator CySEC has just issued a consultation, mirroring ESMA’s last year restrictions on the marketing, distribution and sale of contracts for difference CFDs. LeapRate reminds that in April the Dutch AFM has also made some changes regarding the marketing, distribution or sale of Binary Options and CFDs to retail investors in and from The Netherlands. Since…
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The Cyprus regulator CySEC has informed investors that the website apextradeoption.com does not belong to a regulated or authorised entity. In the above mentioned website, there is a reference on the name and license number of the former Cyprus Investment Firm B.O. Tradefinancials Ltd (license number 216/13). LeapRate reminds that CySEC has decided to wholly…
Read moreThe SEC is now considered by some as “thorn in the eye” of many Bitcoin enthusiasts. Back in March, 2019 Leaprate reported on the situation inside the SEC regarding crypto regulation. As the crypto world keeps evolving and other markets become more aggressive in their desire to be market leaders, will the intransigence of the…
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