**Cryptocurrency exchange Binance, the world’s largest cryptocurrency exchange by trading volume, has recently revealed its plans to launch a futures trading platform which will offer both long and short positions for digital assets.** The aforesaid news was announced at the Asia Blockchain Summit in Taipei. During a presentation at the conference, Changpeng “CZ” Zhao, founder and C...
Path: Blog... website restrictions** that occurred due to lack of information towards the financial regulator. Soon after the government **banned Bitcoin and other cryptocurrency exchanges**, followed by the bans of other trade platforms. It affected all FX and trading platforms without ICP certificates. Trading community stated that the access to brokers’ websites has been banned for more than a week al...
Path: Blog...interest in trading – with brokers seeing new clients or the return of dormant traders, who had not been active in years. **Whilst the pandemic has provided a boost for the markets and the brokers, there have been additional challenges – many trading platforms struggled with the higher levels of trading activity, pandemic related scams were brought to the light, and security systems were te...
Path: Blog...dia will be obliged to register themselves according to the GST regime. Moreover, the rumors state that authorities might classify crypto-exchanges into three categories: Those acting as facilitators, brokerages that allow buying and selling, and trading platforms, providing users with trading interface. Another initiative discussed is to classify the use of blockchain technologies as an expo...
Path: Blog...encies, took place in 2019, major overhaul of Japanese crypto regulations took place. In order to strengthen security of exchange and protect investors from such attacks, the Financial Service Agency strictly mandated the registration of all crypto trading platform operating in the country. Despite the security requirements, the Japanese crypto exchange, Liquid was hacked recently when hackers st...
Path: Blog...nefits of innovation, but at the same time tackle the risks to investors which some financial technologies give rise to. New framework is clearly in the public interest to enable investors to choose to participate in properly regulated virtual asset trading platforms. The approach by the regulator is also welcomed by market players in the region. Previously new rules were established as ‘opt-...
Path: Blog...e equity withdrawal restriction that resulted from making dividend payments on three occasions. Further, in the beginning of June, Gain Capital UK was ordered to pay a civil penalty of $250,000 over allegations it signed up US investors to its FX trading platform. It has also agreed to disgorge $241,671 and to ‘cease and desist’ from any futures breaches. Recent warning is another react...
Path: Blog...nnels for capital raising, as well as a secondary market for digital instruments to trade. These designations issued by the FCA, represent huge milestones on the company’s path to launching its secondary marketplace. A secondary market refers to a trading platform for previously owned securities – meaning trades occur between investors, rather than with a security’s initial issuer. These pl...
Path: Blog...siness. The legal framework will require exchanges to enhance their security systems. Crypto exchanges and service providers to report and register with the South Korean financial regulator and the Financial Services Commission (FSC). The crypto trading platforms that are already operating will be obliged to the Financial Intelligence Unit (FIU). Taking into account the Financial Action Tas...
Path: Blog...ncy or appear to run a cryptocurrency related business; - If you’re day trading and are moving money in-and-out of your account frequently. - **UK banks even have frozen the accounts of a company after its owner transacted on a cryptocurrency trading platform with his personal account. So, what to do if crypto friendly bank blocked or froze, or forbids your cryptocurrency purchase.** There...
Path: BlogDoing **brokerage business in China** can be a serious challenge for international companies. Due to the fact that the market is closed, it is hard to follow all legal requirements and at the same time earn traders’ trust. trading platform **RootAnt** is now one of the best services that allows international financial institutions localize in China. It is a combination of services for broke...
Path: Blog...currency will not go mainstream. Well, 2020 will be the year when thousands of people will be able to buy their coffee paying with cryptocurrency. **The largest coffeehouse chain Starbucks entered into a partnership with Bakkt, a digital assets trading platform, to allow its customers to pay for a coffee using Bitcoin.** Bakkt is launching a crypto consumer app and merchant portal to enable c...
Path: Blog.... Gerald Cotton, the deceased CEO, was supposedly the only one who had access to cold wallets which held $250 million of customers funds. The CSA and the IIROC have registered a joint consultation paper, called Proposed Framework for Crypto-Asset trading platforms last Thursday, looking for input from the fintech community on how regulatory requirements can be developed for cryptocurrency platf...
Path: Blog...ockchain securities have the same status as traditional securities under the bill. Luxembourg is well known for its dynamic approach to blockchain technology. In November last year, the University of Luxembourg collaborated with Luxembourg-based trading platform, VNX Exchange, in an effort to enhance the security of digital assets. The above-mentioned cooperation was aimed at creation of highe...
Path: Blog...gender remains untouched. While European Securities and Markets Authority (ESMA) banned certain products and imposed restriction on leverage, the **Japanese government has focused on the needs and profiles of investors**. One of Japanese online trading platforms (**GMO Click Securities) has outlined its “Age Policy”**. In accordance with this policy all people that are 81 years old or mor...
Path: Blog...etailed analysis of any suspicious cases. **Artificial intelligence will take the responsibility to identify and conduct primary analysis on trade operations. ** It has already been a year since JPX-R and TSE started testing AI services to secure trading platforms. They already have a base of fraud patterns, know possible ways of unfair trading and taught AI how to reveal/analyse them. After th...
Path: Blog...age.” There is still a number of questions in regard of this modern industry future in India – it is still unclear which agency will regulate it and the exchanges remain unregulated. Furthermore, without any legal status, the regulated Indian trading platforms cannot offer crypto products. Meanwhile, the Reserve Bank of India is likely to oppose the legalization of cryptocurrencies maintain...
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