French AMF Slaps €300K Fine on Polish Broker XTB

The Sanctions Commission of the French financial markets regulator, the Autorite des Marches Financiers (AMF), has issued a warning against X-Trade Brokers (XTB) and also imposed a penalty of EUR 300,000 on the broker for breaches of its professional obligations in France. XTB is a Poland-headquartered broker and operates in France by passporting its Polish license. […]

Pfizer And BioNTech Say Vaccine Trial For Kids Shows Its Safe And Effective

A health worker administers a dose of a Pfizer COVID-19 vaccine during a vaccination clinic earlier this month at the Reading Area Community College in Reading, Pa.Matt Rourke/AP The first results from the highly anticipated trial studying the effectiveness and safety of the Pfizer and BioNTech COVID-19 vaccine for children under 12 showed promising results. […]

Russian Central Bank Asks Stock Exchanges Not to List Crypto Firms

The restrictions are only for retail investors and not for accredited investors. The Bank of Russia has issued a recommendation for local stock exchanges this week, asking them not to list stocks of any companies with their businesses tied to cryptocurrencies. The letter signed by the First Deputy Chairman of the Bank of Russia, Sergei Shvetsov, […]

Barclays Suspends Card Transactions to Binance in the UK, Cites FCA Notice

The investment bank has already sent an SMS notification to all its UK customers. Barclays Plc, a British multinational investment bank, has suspended debit and credit card transactions that go to Binance, a major cryptocurrency exchange. According to Business Insider, the bank cited a notice from the UK Financial Conduct Authority (FCA) and proceeded to […]

South Korea’s FSC Could Join Other Regulators Stance towards Binance

The crypto exchange is required to register its business under the new rulings imposed by the South Korean watchdog. The Financial Services Commission (FSC) from South Korea is planning to follow the same path as other regulators globally towards Binance, a major cryptocurrency exchange, by setting a deadline to register its business. According to The […]

Singapore MAS to Follow Up ‘As Appropriate’ with the Local Unit of Binance

Binance Asia Services is currently operating under a grace period in Singapore. The Monetary Authority of Singapore (MAS) announced on Friday that it would follow the same path as other financial regulators globally about their respective stance towards Binance, a major cryptocurrency exchange. According to Bloomberg, the MAS noted: “We are aware of the actions […]

Netherlands’ Restrictions on Turbos to Be Effective from October 1

The restrictions will be limited to offerings of Turbos within the country. The Dutch Authority for the Financial Markets (AFM) has confirmed that its proposed restrictions on the retail sale of Turbo certificates will come into effect on October 1st, 2021. The regulatory restriction on the derivative product will bring leverage limitation, mandatory risk warning […]

ASIC Seeks Public Feedback on Crypto ETPs

The regulator will accept the feedback until July 27, 2021. As the demand for crypto-based exchange-traded products (ETPs) is increasing, the Australian financial markets watchdog is seeking public feedback on such retail investment instruments. The Australian Securities and Investments Commission (ASIC) released a consultation paper on Wednesday that covers ‘crypto-assets as underlying assets for ETPs […]

Coinbase Obtains a Crypto License from Germany’s BaFin

Coinbase Germany GmbH is set to be launched “in the coming weeks” after the green light granted by the regulator. Coinbase, the US-listed cryptocurrency exchange, has announced on Monday that it had obtained a license from the German Federal Financial Supervisory Authority (BaFin) to provide crypto custody and trading services in Germany. As a result, […]