Markets

The US commodities regulator, the Commodity Futures Trading Commissions (CFTC), recently announced that the federal court has fined Valdas Dapkus and two of his companies, ordering them to pay over $2.8 million. The monetary sanctions come in response to a...

A Cypriot financial company that offers wealth management services, TCR International Limited, recently found itself facing major challenges due to some suspicious transactions worth hundreds of millions of euros. The company, based in Cyprus and licensed by the local financial...

A lesser-known crypto exchange known as Bitzlato recently suspended its special balance withdrawals, as well as the platform’s technical support. The move was made after the exchange’s co-founder, Anatoly Legkodymov, pleaded guilty to charges of making an illicit $700 million...

Canadian regulator, the Ontario Securities Commission (OSC), recently granted interim exemption to 360T’s UK Multilateral Trading Facility (MTF). The exemption is a step of crucial importance for the platform, as it will allow Canadian forex market participants to gain access...

Monex Group recently revealed its decision to acquire a majority stake in 3iQ Digital Holdings, a digital asset investment fund manager based in Canada. In doing so, Japan’s financial services giant hopes to expand its crypto business. 3iQ Digital is...

The ADGM Arbitration Center recently announced the launch of its brand new online dispute resolution platform. According to the company, the platform comes in response to growing demand for its services as a premier dispute resolution hub. Known as ODR@ADGM,...

The US Securities and Exchange Commission recently implemented new rules mean to improve risk management practices in central counterparty dealings with the US Treasury market. According to the regulator, the new rules will require clearing agencies that have dealings in...

The UK Financial Conduct Authority (FCA) announced its disagreement with the recommendation for ex-gratia compensation of Premier FX Limited’s customers. After the company suffered a collapse in 2018, the Complaints Commissioner issued a Final Report suggesting that the FCA should...

Prospero Markets, a CFD broker founded in 2012, recently got its AFS license suspended for failing to submit an audit report. The broker lost its license after the Australian Securities and Investments Commission (ASIC) decided to take regulatory action against...

Consob, Italy’s financial watchdog, recently announced that it had banned access to a new batch of investment websites. The regulator even blocked access to the sites that were licensed in other jurisdictions. In this latest move, Consob banned access to...

Revolut, a leading UK-based fintech firm, recently published its delayed accounts for 2022 after missing the original deadline by three months. The report revealed that the company’s revenue had gone up by 45%, but it also recorded a pretax loss...

Tether, the company that created USDT, the world’s largest stablecoin, recently minted another 1 billion units of its cryptocurrency. The minting was reported by Whale Alert, an account on X (formerly Twitter). However, Tether’s CTO and new CEO, Paolo Ardoino,...

CLS Group, a specialized financial infrastructure group founded in 2002, recently reported that its total daily traded volume remained above the $2 trillion mark for the third month in a row. The total daily traded volume submitted by the company...

Two top executives at Digital Currency Group (DCG), Barry Silbert and Mark Murphy, recently announced their decision to resign from Grayscale Investments’ board of directors. The pair will officially resign from the asset manager’s board starting on January 1, 2024,...

The European Banking Authority (EBA) recently published a report in which it analyzed the consequences of potential changes to the current deposit coverage level in the EU. As part of the report, the EBA expressed its disagreement with plans to...