Dutch regulatory authorities fined Coinbase $3.3 million

Recently, Coinbase was fined $3.3 million by De Nederlandsche Bank (DNB), the Dutch central bank, for engaging in unauthorized cryptocurrency activities in the Netherlands from November 2020 to August 24, 2022 (or even longer)

Dubai Gold and Commodity Exchange released annual statistics for 2022: contract trading volume increased by 16% year-on-year

The leading Dubai Gold and Commodities Exchange (DGCX) in the Middle East has released its market statistics for the entire year 2022. Data shows that the total contract trading volume of the exchange increased by 16.00% year-on-year throughout the year.

CLS report: Currency to daily average trading volume decreased by 10% month on month in December last year, marking the third consecutive month of decline

CLS has reported a decrease in daily average trading volume for three consecutive months. Among them, the daily average trading volume in November was $1.892 trillion, a decrease of 2% compared to the previous month; In October, it was $1.928 trillion, a

Malta MFSA issues a warning against unlicensed entity FxbinaPro

The institution reminds consumers not to engage in any financial transactions with entities unless they have determined that they are authorized by MFSA or other reputable financial services regulatory agencies to provide financial services. Investors sho

In January, profit and loss data of 36 brokerage customer accounts were released! The average profit margin has decreased to 26.01%

Blackwell Global ranks first with a customer account profit margin of up to 56.67%. FXOpen followed closely, with an account profit margin of 40%. The top 5 brokers in terms of account profitability are ThinkMarkets (39.7%), Darwinex (37%), and City Credi

Financial Commission Report: The total claims faced by global brokers decreased by 17% in 2022

The Currency to Trading Industry External Dispute Resolution (EDR) institution, the Financial Committee (FinaCom), has released its 2022 annual complaint data report, which shows that global brokers faced a total of $12.4 million in claims from traders th

French regulatory agencies launch action plans and regulatory themes for 2023

The priority areas for regulatory action include promoting retail investor centered finance, actively collaborating with the European Securities and Markets Authority (ESMA) on "regulatory integration", developing regulatory frameworks to promot

Saint Vincent FSA launches new policies to increase efforts to combat foreign exchange fraud

The Saint Vincent and the Grenadines Financial Services Authority (SVG) has recently requested that existing foreign exchange brokers registered in the island country present certified copies of the necessary permits from the jurisdiction or authority in

Bitzlat, a cryptocurrency exchange, laundered hundreds of millions of dollars to support Russia? Founder arrested in the United States

The US authorities have filed charges against the founder (Russian) of Bitzlato, a Hong Kong based cryptocurrency exchange, claiming that the exchange has been used to launder hundreds of millions of dollars from dark networks. Anatoly Legkodymov, the mai

Malaysia Securities Commission Investor Warning List Update

The Securities Commission of Malaysia (SC) has updated the investor warning list, which includes unauthorized websites, investment products, companies, and individuals. Please note that this list is not exhaustive and is only used as a reference for inves

FSCS in the UK expects a 5% increase in costs from 2023 to 2024 due to claims issues

The Financial Services Compensation Scheme (FSCS) in the UK recently announced a projected management fee of £ 89.2 million for 2022/23 and £ 99.8 million for 23/24. This forecast fee includes the daily operating costs of FSCS and related claim processing

German BaFin Investigates Unauthorized Platform UUEX

BaFin stated that investors can find information on whether a company has obtained BaFin authorization in their company database. In addition, BaFin, the German Federal Criminal Police and the German State Criminal Police suggest that investors should mai

StoneX Markets LLC received a $1 million penalty for violating multiple NFA compliance rules

The National Futures Association (NFA), a self-regulatory organization in the derivatives industry in the United States, has imposed a fine of $1 million on StoneX Markets LLC, a registered swap dealer and NFA member, for violating multiple compliance rul

FSCS Announces Management Expense Budget for 2023/24: Claims Complex, Costs May Rise

Caroline Rainbird, Chief Executive Officer of FSCS, stated: "Claims processing infrastructure and support are the largest portion of the proposed management expenses for 2023/24, reaching £ 75.9 million, accounting for 76% of the total budget. This e

BaFin Investigates Unauthorized Platform F.W International

The official announcement stated that F.W International proactively contacted German clients of Trading Global (Hoxton), a trading platform operated by LTD, hoxglobal.com, and claimed to conduct business for the company through its own platform, financewi