Markets

Capital Markets Authority (CMA), the financial regulator of Kenya, recently issued a license for Admirals, a non-dealing online forex trading broker based in Estonia. The company has been seeking global expansion, and it seems particularly interested in African countries. In...

The Russian rouble has been retreating, dropping by over 3% yesterday. The rouble has failed to make a strong recovery after a sharp drop last week after the market became anxious over the possibility of dropping export revenues amid restrictions...

The price for used Teslas has been dropping drastically and at a much faster rate compared to other car models. The drop comes after a period of high demand where people could flip Teslas to other buyers who did not...

OKX, one of the largest cryptocurrency exchanges, has announced a partnership deal with DappRadar. The partnership seeks to allow OKX users to access a wide range of decentralized finance (DeFi) and GameFi offerings on DappRadar. OKX partners with DappRadar DappRadar...

Japan-based bank holding and financial services firm Mitsubish UFJ Financial Group (MUFG), recently decided to invest $200 million into an Indonesian firm, Akulaku. Akulaku acts as a banking and digital finance platform, and it is the business name of a...

Binance previously got into quite a bit of trouble after it was discovered that it had been offering services and/or products in areas where it lacked the appropriate licenses to do so. Since then, the exchange has done a lot...

Bitget, a major cryptocurrency exchange, saw great potential in the DeFi sector, as well as a growing interest in DeFi features among its following. This is why the platform decided to introduce a new DeFi feature known as MegaSwap. The...

CMC Invest, one of the largest stock trading platforms, has ventured into the environmental, social, and governance (ESG) industry. The stock brokerage platform will allow investors to display ESG data within its mobile investing platform, offering shares, exchange-traded funds (ETFs),...

Following the collapse of FTX, Sam Bankman-Fried was arrested and was facing criminal charges in the Bahamas. The US arranged to have him extradited, which he agreed to and signed the document earlier this week. He then traveled to the...

An electronic trading technology provider based in Cyprus, Spotware Systems, recently announced that it introduced copy trading to its trading app, cTrader Desktop. The new feature came alongside the app’s new update, v.4.5. Apart from copy trading, the new version...

Following the collapse of the main FTX exchange, based in the Bahamas, the platform’s subsidiaries in different areas of the world got their licenses suspended for a certain amount of time. Some of the most notable jurisdictions include Australia, Japan,...

Regulators around the world have had their work cut out for them with the recent increase in financial fraud cases, and companies that mismanage users’ funds or end up breaching local laws and regulations. The most recent example of the...

The UK’s regulator, the Financial Conduct Authority (FCA), recently revealed that it was forced to revoke the TPR (Temporary Permissions Regime) of a French company Lyonnaise de Banque. The company, based in the capital of France, Paris, missed its deadline...

The UK’s financial regulator, the FCA (Financial Conduct Authority) recently published a summary of its regulatory actions taken throughout the year. According to the regulator, it has developed a three-year strategy, which was necessary due to a rise in cases...

The Federal Court of Australia recently found a popular social media influencer, ASX Wolf, in violation of the country’s financial market laws. ASX Wolf’s real name is Tyson Scholz, and he came to the authorities’ attention after a number of...