Category: Markets

UK FCA puts out sustainability disclosure requirements to clamp down on greenwashing

Please note that we are not authorised to provide any investment advice. The content on this page is for information purposes only. The UK’s Financial Conduct Authority has decided to improve trust in the sustainable investment market, and to do it, it made a move to clamp down on greenwashing. The UK regulator put sustainability… Continue reading UK FCA puts out sustainability disclosure requirements to clamp down on greenwashing

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UK union Unite criticizes Barclays for plans to cut 900 jobs

Please note that we are not authorised to provide any investment advice. The content on this page is for information purposes only. The UK union Unite recently reported that one of the nation’s leading banks, Barclays, is planning to cut 900 jobs in the UK. The union criticized the decision, calling it disgraceful. Barclays to… Continue reading UK union Unite criticizes Barclays for plans to cut 900 jobs

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Lloyds Bank adds passport scanning to its app to speed up customer onboarding

Please note that we are not authorised to provide any investment advice. The content on this page is for information purposes only. The UK’s Lloyds Bank recently added a new feature to its app — an in-app passport scanning. According to the bank, the new feature will allow its customers to be the first in… Continue reading Lloyds Bank adds passport scanning to its app to speed up customer onboarding

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UK-based PaymentSense obtains an e-money license from Ireland’s central bank

Please note that we are not authorised to provide any investment advice. The content on this page is for information purposes only. The United Kingdom’s PaymentSense recently made headlines after it became clear that the company is seeking an Irish e-money license in order to expand, not only to be able to legally operate throughout… Continue reading UK-based PaymentSense obtains an e-money license from Ireland’s central bank

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Standard Chartered joins China’s CBDC trials

Please note that we are not authorised to provide any investment advice. The content on this page is for information purposes only. Standard Chartered became the newest member of the group of financial institutions participating in the trials of China’s digital currency efforts. According to new reports, the bank will offer exchange services for the… Continue reading Standard Chartered joins China’s CBDC trials

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Hong Kong residents furious with the SFC after losing $19m to crypto scam involving Hounax platform

Please note that we are not authorised to provide any investment advice. The content on this page is for information purposes only. Crypto users in Hong Kong recently fell victim to a crypto-related scam involving a platform called Hounax. The scam reportedly resulted in total losses of HK$ 148 million (US$19 million). Now, however, the… Continue reading Hong Kong residents furious with the SFC after losing $19m to crypto scam involving Hounax platform

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Former OCC official caught lying about his employment history and education

Please note that we are not authorised to provide any investment advice. The content on this page is for information purposes only. Recent reports brought controversial news to light regarding a former Chief Fintech Officer at the Office of the Comptroller of the Currency. The official had presented the OCC with a false CV when… Continue reading Former OCC official caught lying about his employment history and education

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Christine Lagarde’s son loses 60% of his crypto investment

Please note that we are not authorised to provide any investment advice. The content on this page is for information purposes only. Christine Lagarde, the President of the European Central Bank (ECB) recently admitted that one of her sons invested in cryptocurrencies, against her advice. However, his bet did not pay off, and he lost… Continue reading Christine Lagarde’s son loses 60% of his crypto investment

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Montenegro court approves Do Kwon’s extradition to either South Korea or the US

Please note that we are not authorised to provide any investment advice. The content on this page is for information purposes only. Do Kwon, the former CEO of Terraform Labs — the company behind the collapsed Terra blockchain — is set to be extradited from Montenegro, either to the US or to South Korea. While… Continue reading Montenegro court approves Do Kwon’s extradition to either South Korea or the US

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South Korea sets up a CBDC pilot that will involve 100,000 participants

Please note that we are not authorised to provide any investment advice. The content on this page is for information purposes only. South Korea is almost ready to launch its CBDC pilot, and preparations have already started. According to recent reports, the country is in the process of setting up a Central Bank Digital Currency… Continue reading South Korea sets up a CBDC pilot that will involve 100,000 participants

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