Tag: UK

Forex Weekly Look Back
March 27, 2020 BY Steffy Bogdanova

Forex Weekly Look Back: Governments and regulators take measures to counter the corona-crisis

The Securities and Exchange Commission announced yesterday a temporary flexibility for registered funds affected by the recent volatile market situation to borrow funds from certain affiliates and to enter into certain other lending arrangements. The relief is interceded to provide funds with additional tools to manage their portfolios so that all shareholders as investors may…

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March 20, 2020 BY Steffy Bogdanova

UK & US firms predict recession in 2020

In the UK, 33% of firms expect the economy to shrink and over 14% expect it to contract by 1-3%. Another 6% believe the UK economy will stay flat with no growth. In the US, 16% of firms expect the economy will shrink in 2020, most likely by 1-3% (7%) and 6% also expect it…

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fca warning
December 13, 2019 BY Valentina Kirilova

UK FCA warns against several unauthorised companies

The UK Financial Conduct Authority (FCA) has put out details of several unregulated firms. The names of the latest additions to the regulator’s warning list are ash.trades, Easy Money Finance, Miyamoto, Asuka and Associates, The Financial Consultancy Group (Scam), Best Returns, Cash FX Group. According to the regulator, the fraudsters are using or giving out…

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Torstone Technology expands its London headquarters
November 18, 2019 BY Mariela Naydenova

New developments on the UK's crypto legal framework

The cryptocurrency regulation in the UK is one step closer to becoming clearer. Today, the UK Jurisdiction Taskforce of Tech Nation's Lawtech Delivery Panel has announced its legal statement on the treatment of cryptocurrency assets and smart contracts under Welsh and English law. The statement is addressing the legal uncertainty that surrounds cryptocurrency assets. Judging…

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August 09, 2019 BY Mariela Naydenova

Robinhood enters the United Kingdom with a new license

The crypto "unicorn" Robinhood is breaking a new ground when it comes to expansion and market penetration. The cryptocurrency trading app is now entering the European market with acquiring a license to operate in the United Kingdom. The FCA has granted a license to the company's subsidiary called Robinhood International to act as a broker…

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Shanghai-London Stock Connect launches today, FCA and CSRC appvore
June 17, 2019 BY Valentina Kirilova

Shanghai-London Stock Connect goes live, FCA and CSRC approve

The Financial Conduct Authority (FCA) and the China Securities Regulatory Commission (CSRC) have made it clear today that they both approve the Shanghai and London Stock Exchanges’ proposed new Shanghai-London Stock Connect. The Stock Connect scheme launches today and is a aims to encourage cross-border investment between the countries and provide investors and companies in…

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cftc fca regulation
June 14, 2019 BY Valentina Kirilova

FCA Executive Director speaks to cooperation efforts at New York forum

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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Bitcoin scam
May 23, 2019 BY Mariela Naydenova

Cryptocurrency scams total £27 million in the UK

Cryptocurrency scams and theft are undeniably two of the largest and most serious problems in the crypto space. Security issues arise almost every month now. The latest “casualty” was Binance, through which hackers stole $40 million in digital coins.  The stolen amount was equivalent to around 7,000 Bitcoins at that time. Hackers stole API tokens…

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