Search Results for: EC
Breaking: Russia officially decided to regulate bitcoin and other cryptocurrencies
October 12th, 2017
The Russian government has decided to officially regulate the mining and circulation of cryptocurrencies. The decision was made at a meeting between President Vladimir Putin with officials and business leaders. “We have agreed on the following: the state should ...
CySec suspended the license of a Cyprus Investment Firm
October 11th, 2017
The Cyprus Securities and Exchange Commission (CySec) has issued today an announcement to inform that, following a decision in the meeting dated 25.09.2017, the authorisation of the Cyprus Investment Firm Concorde Investments (Cyprus) Ltd (‘the Company’), number 189/13, is suspended, ...
ISXPay: Further Australian card acquiring/processing contracts executed
October 11th, 2017
Highlights ISXPay gains further traction in Australia with customer addition Card Transactions in excess of $52m per annum to be processed, cleared and settled to Merchants bank accounts by ISXPay Average Net Margin in excess of 77 basis points ...
EU raids banks over attempts to block financial tech rivals
October 11th, 2017
You’d think that governments were waging a war against financial technology given reports of crackdowns and tighter regulation, but the opposite is true in Europe. EU officials have confirmed that they recently raided the offices of bank authorities in ...
CySec authorised two new Cyprus Investment Firms
October 10th, 2017
The Cyprus Securities and Exchange Commission (CySec), the financial regulatory authority of Cyprus, has issued announcements to inform that two new firms have been approved by the Commission as Cyprus Investment Firms. According the announcement, the firms Wise Wolves Finance ...
Bitcoin Soars Close to Record High
October 10th, 2017
What wipeout? Buyers blew off fresh warnings about a bitcoin bubble and sent prices above $4,800 on Monday, capping a bullish October run for the digital currency. Prices reached as high as $4,820, which is near the record territory ...
Oil prices stable as OPEC says market is rebalancing
October 10th, 2017
Oil prices were steady on Tuesday as OPEC said there were clear signs the market was rebalancing and as U.S. production remained offline following Hurricane Nate. U.S. West Texas Intermediate (WTI) crude futures were trading at $49.66 per barrel ...
Global stocks are trading near a record high; Investors review
October 10th, 2017
Stocks were mixed on Tuesday as Japan and South Korea reopened, while Treasury yields were steady as trading recommenced after holidays. The dollar declined and Turkey’s lira maintained losses amid tensions with the U.S. that sent it plunging on ...
Singapore and Thailand in early stage talks to connect e-payment systems
October 5th, 2017
Singapore and Thailand are in discussions about connecting their national digital payment systems to forge an unprecedented regional alliance, as officials step up efforts to curb the use of cash. The link would bring together Southeast Asia’s first national ...
EU ordered Luxembourg to collect around €250 million from Amazon
October 5th, 2017
The European Commission has issued a press release to inform on its conclusion that Luxembourg granted undue tax benefits to Amazon of around €250 million. According the press release, Commission finds Luxembourg gave illegal tax benefits to Amazon worth ...
