Monthly Archives: October 2018

Chain2Pay is introducing new debit card to mainstream cryptocurrency

cryptocurrency

Chain2Pay announced that it will launch a cryptocurrency debit card the up coming months. The company will make the cards for MinexSystems’ another subsidiary MinexPay. The crypto debit card will work in a similar way to a regular card. However, it will be based on crypto funds instead of a bank account.  It can be used for in-store as well as online ...

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FCA warns against FX Merchants

Reason: UnregulatedComment: This firm has been providing financial services or products in the UK without being authorised by the FCA.Date: 31/10/2018Link: https://www.fca.org.uk/news/warnings/fx-merchants

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CMC Markets adds bitcoin cash, litecoin and XRP to cryptocurrency offering

UK online FX, CFDs and spreadbetting broker CMC Marketc PLC has just announced that it has expanded its cryptocurrency spread betting and contacts for difference (CFDS). Now it includes three additional coins bitcoin cash, litecoin and ripple. Clients can now take a positon on the three altcoins paires against US dollar.  The move follows CMC Markets’ extension of its cryptocurrency ...

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CySEC warns against Boom Xchange

Reason: UnregulatedContent of Penalty: The Cyprus Securities and Exchange Commission (‘CySEC’) informs investors that the website boomxchange.com (Boom Xchange), does not belong to an entity which has been granted an authorization for the provision of investment services and/or the performance of investment activities, as provided for in Article 5 of Law 87 (I)/2017. In the above mentioned website, the name, ...

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eToro adds to its list Binance Coin (BNB) for Trading

eToro becomes first platform to list Binance Coin (BNB) for trading, taking the total number of crypto assets listed on the platform to 13 digital assets.  According to its press release, eToro becomes the first investment platform to list BNB outside the Binance, and it now offers its investors the ability to trade in both utility and security tokens on the platform.  ...

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Chinese Court affirmed that crypto currencies are considered legal property

cryptocurrencies brokerswatch

The Shenzhen Court of International Arbitration (SCIA) has recently affirmed that cryptocurrencies, are not consider legal currencies but are considered legal property. That means that Chinese citizens have a right to own and transfer their cryptocurrencies as they are their own property. The court claims that: “Although Bitcoin may not be a legal currency, that does not prevent it from ...

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FMA (NZ) warns against Oaza Nagashima Zaisanku

Reason: Unregulated, Fraudulent Content of Penalty: REASON FOR WARNING:  The FMA recommends exercising caution before dealing with Oaza Nagashima Zaisanku as: It is not licensed or registered to provide financial services in New Zealand; It is cold calling New Zealand residents it has characteristics of a scam. Date: 30/10/2018Link: https://fma.govt.nz/news-and-resources/warnings-and-alerts/oaza-nagashima-zaisanku/

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FMA (NZ) warns against Financial Capital Alliance (Asia) Limited

Reason: Unregulated, Fraudulent Content of Penalty: REASON FOR WARNING:  The FMA recommends exercising caution before dealing with Financial Capital Alliance (Asia) Limited (FCAA) as: It is not licensed or registered to provide financial services in New Zealand; It is withholding client funds It has characteristics of a scam. Date: 30/10/2018Link: https://fma.govt.nz/news-and-resources/warnings-and-alerts/financial-capital-alliance-asia-limited/

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FCA warns against Fyremount Consultants Ltd t/a Cex Markets

Reason: Fraudulent, UnregulatedComment: Fyremount Consultants Ltd t/a Cex Markets has been providing financial services or products in the UK without being authorised by the FCA.Date: 28/09/2018Link: https://www.fca.org.uk/news/warnings/fyremount-consultants-ltd-t-cex-markets

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FCA warns against Arvato Financial Solutions Limited (clone)

Reason: Fraudulent, UnregulatedComment: This firm is not authorised or registered by the FCA but has been targeting people in the UK, claiming to be an authorised firm.Date: 29/10/2018Link: https://www.fca.org.uk/news/warnings/arvato-financial-solutions-limited-clone

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