Latest Market News
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 […]