Blacklist update! CySEC has issued a warning against eight illegal investment websites

The Cyprus Securities and Exchange Commission (CySEC) has updated its blacklist of unregulated entities by adding eight new websites belonging to entities that are not authorized to provide investment services and/or carry out investment activities.

Fraud Alert! Dugausbe Bank warns against cloning its new website

Dukascopy Bank, a Swiss financial transaction services provider SA) of the brand to the new one using the web site, https://www.jdh023.top/index/login/login/token/0c1e7103c3e0e56edb5f978f03103f9f. The site is unregulated and does not belong to Dugosbe Ban

P27 Nordic Payments has again withdrawn its application for a clearing licence

In the statement, Paula da Silva, CEO of P27, said: "The company\'s vision is to provide better payment infrastructure to the 27 million people living in Northern Europe and has set out an optimistic timeline. Recently, it became clear that our visio

Falsely claiming to be registered with the CFTC! Fourteen entities have been charged

The U.S. Commodity Futures Trading Commission (CFTC) announced on Friday that it has charged 14 entities for falsely claiming to be registered with the CFTC as Futures commission merchants (FCM) and retail currency pair dealers (RFED), as well as members

Credit Suisse bondholders are suing Swiss regulators over the cancellation of $17bn in bonds

Bondholders of Credit Suisse Group AG have reportedly filed a lawsuit against Switzerland\'s banking regulator. The value of the additional Tier 1 bonds they hold accounts for $4.5 billion of the $17 billion in bonds the company has liquidated.

April 36 brokers customer account profit and loss data released! The average loss rate was 73.34%

Among them, Blackwell Global ranks first with a profit share of 56.67% of customer accounts. Darwinex is close behind, with a 42% share of account earnings. Other brokers in the top 5 for account earnings are FXOpen (40%), Swissquote (38%), City Credit Ca

The European Parliament has passed cryptocurrency licensing and money transfer regulations

The vote comes after lawmakers in a debate on Wednesday largely endorsed plans to let cryptocurrency wallet providers and exchanges seek licenses to operate across the European Union and require them to maintain adequate reserves with issuers of stablecoi

The U.S. Securities and Exchange Commission requires advisers to understand cryptocurrencies before recommending them to clients

The staff bulletin, sent out on Thursday, Outlines advisers\' responsibilities to clients and specifically mentions cryptocurrencies, continuing the agency\'s recent focus on the crypto industry. Last year, the agency\'s rules and guidelines largely ignor

CySEC 2022 year-end summary: The number of regulated entities rose to 837, with 86 license applications approved

The Cyprus Securities and Exchange Commission (CySEC) has published its annual summary for 2022. By the end of 2022, the number of entities supervised by the regulator totaled 837, an increase of 3.9 percent compared to 806 in 2021.

Italy\'s CONSOB has banned four more illegal financial websites, bringing the total to 879.

The regulator explained that blocking the sites could take several days due to technical reasons. Earlier this month CONSOB banned five websites for illegally providing financial services.

Uae SCA officially opens application for virtual asset services license

All cryptocurrency companies operating within the UAE are now required to submit a license application to the SCA, with the exception of those operating within the tax-free zone. Companies operating in the Emirate of Dubai are required to submit a license

Interactive Brokers reported a 19% year-over-year decline in average daily revenue transactions to 2.05 million in the first quarter of 2023

Us-based global automated electronic broker Interactive Brokers reported net revenue of $1.056 billion in the first quarter of 2023, surging 63.72% compared to $645 million in the first quarter of 2022. Adjusted net revenue for the quarter was $1.015 bill

Cryptocurrency exchange Luno will exit the Singapore market

Cryptocurrency exchange Luno said on Monday that it will stop offering its services to customers in Singapore from June 20.

Unregistered, illegal operation! The SEC has filed a lawsuit against crypto asset trading platform Bittrex

The U.S. Securities and Exchange Commission (SEC) has accused crypto asset trading platform Bittrex, Inc. (Bittrex) and its co-founder and former CEO William Shihara of operating the stock exchange, brokerage and clearing house without regulatory registra

SC new regulations! Malaysian dealer representatives can expand their services

In addition to facilitating stock trading for clients, representatives of dealers who meet certain requirements can apply for additional licences to engage in various activities such as investment advisory, financial planning, restricted trading of unit t