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EU needs single anti-money laundering authority, says thinktank
November 5th, 2018
The European Union should set up a single anti-money laundering (AML) authority with the power to levy big fines to tackle the stream of scandals across member states, Brussels-based thinktank Bruegal has said in a new report. The thinktank ...
Stocks in Asia retreated at the start of the week; Key financial events coming up this week
November 5th, 2018
Stocks in Asia retreated at the start of the week after optimism over a potential U.S.-China trade deal ebbed in recent days. The yuan dropped, drawing little help from Chinese President Xi Jinping’s pledges to ease trade barriers. Shares ...
Hong Kong unveiled first set of rules governing the cryptocurrency market
November 2nd, 2018
Hong Kong’s financial watchdog unveiled on Thursday a comprehensive set of regulations governing cryptocurrencies in a move to enhance investor protection which analysts believe could help make the city a major trading centre for virtual assets, analysts said. The ...
EUR/GBP losses seen on sterling rally
November 2nd, 2018
The Euro (EUR) has dropped off against the Pound (GBP) and most other peers today, with a stronger Pound Sterling making the single currency less appealing. A lack of supportive Eurozone data hasn’t helped matters, as Euro traders are ...
Bitcoin turns 10 — how it went from an abstract idea to a $100 billion market in a decade
November 1st, 2018
Ten years ago, as Lehman Brothers was declaring bankruptcy and the global economy was lurching into recession, the idea for an alternative currency was being quietly built online. Bitcoin went from an anti-establishment fad on the internet to a ...
ISXPay®: deposit taking via own BIC: ISEMCY22XXX
October 31st, 2018
Highlights IBAN based accounts now being issued, following successful testing and certification of Software Client Funds deposited with zero credit risk under EU’s “Eurosystem” Central Banking system Bi-directional bank to bank transfers live on 04th December 2018 across EEA/SEPA ...
Gold Is Becoming Cool Again
October 31st, 2018
The sentiment shift is still subtle, but it’s both real and widespread. After a few years of being ignored and/or dismissed as basically useless, gold is cool again, attracting positive press and increasing accumulation by big investors. India, for ...
UK to introduce ‘Google tax’ in 2020
October 31st, 2018
When it comes to tech, Britain wants to have its cake and eat it, too. The U.K. moved on Monday to extract more tax from the likes of Google and Facebook, even as London pushes aggressively to make itself ...
ESMA released Product Intervention Renewal Decision in relation to CFDs
October 31st, 2018
The European Securities and Markets Authority (ESMA) has issued a press release to inform about its decision for Product Intervention Renewal in relation to Contract For Differences (CFDs). In accordance the press release, on 23 October 2018, the European ...
Alexander Geralis Appointed as Chief Product Officer of cXchange at Spotware
October 30th, 2018
Spotware, an award-winning trading solutions provider, has announced an appointment of Alexander Geralis as a Chief Product Officer of cXchange, its digital asset exchange solution. In his new role, Alexander will undertake the overseeing of the product’s development and ...
