Day: February 14, 2022
In recent months, the FSMA has continued to receive new complaints from consumers who have responded to fraudulent offers of investment in cryptocurrencies. Cryptocurrency fraud continues to make victims in Belgium. Hence, the FSMA repeats its warning against such fraudulent practices and more specifically against the activities of ABESIX. The Belgian company ABESIX is allegedly […]
The Financial Services and Markets Authority (FSMA) warns the public against the fraudulent activities of Snel Krediet, a company that is offering credit illegally to consumers. Snel Krediet is not authorized or registered in Belgium as a lender or credit intermediary. Therefore, Snel Krediet may not offer credit in Belgium. According to the information available […]
On 11 February 2022, a special administration order was made by the Court in relation to Xpress Money Services Limited (Xpress) under the Payment and Electronic Money Institution Insolvency Regulations 2021. David Hudson and Philip Reynolds of FRP Advisory have been appointed as joint special administrators. Special administration is intended to facilitate the return of […]
The Financial Conduct Authority (FCA) has stopped AJH Financial Services Limited, a firm that advised on transfers from the British Steel Pension Scheme (BSPS), disposing of assets without FCA permission. The FCA expects to consult on a redress scheme for former members of the British Steel Pension Scheme in March 2022. In December 2021, we […]
The Bank of England (BoE), the Financial Conduct Authority (FCA), the Prudential Regulation Authority (PRA) and the Payment Systems Regulator (PSR) have a Memorandum of Understanding (MoU) that sets out the high-level framework the Authorities use to cooperate with one another, in relation to payment systems in the UK. The Financial Services (Banking Reform Act) […]
Bitcoin (BTC) starts the week with a slow drag downhill toward pivotal support at $40,000. After bulls had something to celebrate last week, the current environment looks like a fresh dose of reality as BTC battles nervous stock markets, a resurgent United States dollar and more. The picture is, as always, mixed — while spot […]
Advanced Micro Devices Inc. shares AMD, +2.93% are up nearly 3% in Monday trading after the chipmaker announced that its $49 billion deal for Xilinx has officially closed. AMD also said that Chief Executive Lisa Su has been appointed the chair of the company’s board, while John Caldwell, the prior chair, has been named lead […]
The U.S. Treasury affirmed that crypto miners and wallet operators are exempt from the IRS reporting rules, preparing appropriate regulations. 2589 Total views 13 Total shares The cryptocurrency industry in the United States is about to score a major legal win as the United States Treasury Department plans to spare crypto miners and other “ancillary […]
Marriott International Inc. MAR, -2.75% said Monday its Executive Chairman J.W. Marriott Jr. has decided to retire in May and will not stand for re-election to the board at its coming annual shareholder meeting. He will be succeeded by David S. Marriott who will become chairman of the board following the meeting. J.W. Marriott will […]
At the beginning of the new week of February, the world remains tense: investors are nervous and do not hurry to risk because they cannot quite understand the global situation. Everyone seems to be waiting for some signal. Users of NFT faced an unexpected problem: last year, via them and mobile apps frauds started spreading […]
