Japan-based cryptocurrency exchange Zaif has been hacked, losing a 6.7 billion yen (about $60 million worth of cryptocurrency), including 5,966 bitcoins. Zaif exchange is one of the major Japanese cryptocurrency exchanges. It is owned by Osaka-based Tech Bureau and licensed by the Japanese regulator Financial Services Agency (FSA). Tech Bureau reported that after the investigation...

The Cyprus Securities and Exchange Commission (CySEC) has issued a statement warning the regulated forex Cyprus Investment Firms (the ‘CIFs’) about offering their services to the clients from Russia unless they have a license in that country. The Cyprus Securities and Exchange Commission, better known as CySEC, is the financial regulatory agency of Cyprus. It...

FxPro, a London-based foreign exchange brokerage, has announced about a multi-year partnership agreement with Mclaren F1 Team. Terms of the sponsorship deal were not disclosed, but it was confirmed that FxPro prominent branding will now appear on McLaren cars during all F1 races. The FxPro logo will appear on the MCL33 car from this weekend’s...

The Hong Kong Securities and Futures Commission (SFC) today released consultation conclusions on proposed amendments to the Securities and Futures (Professional Investor) Rules (PI Rules). These amendments are meant to standardise the rules for prescribing professional investors. The consultation paper was issued on 1st of March 2017 and was proposing the the number of amendments...

BNP Paribas Asset Management (BNPP AM) announced that its wholly foreign-owned enterprise, BNP Paribas Overseas Investment Fund Management (Shanghai), has been granted a qualified domestic limited partner (QDLP) qualification. The company says it is going to be the first fund manager in the world with QDLP license to offer environmental, social and governance (ESG) investments...

The UK's Financial Conduct Authority (FCA) and the Bank of England’s Prudential Regulation Authority (PRA) have fined the former Barclay’s chief over lack of supervision of whistleblowing. The fine included a 30 percent discount for Staley agreeing at an early stage to settle. The UK regulators have also reported about specific requirements regarding whistleblowing systems...

Private capital firm CVC Capital Partners has acquired a retail FX broker OANDA, after partnering with Blackstone and acquisition of one of the online payments specialists Paysafe. No price or other financial terms of this deal were disclosed OANDA was established in 1995 and is known as one of the global online trading platforms, analytics...

One more opportunity for unregulated forex and CFDs brokers has been dismissed. Mastercard company has sent an email informing payment processors about the changes that will be applied to some of the trading companies. Mastercard has mentioned forex cryptocurrency options, ICOs, CFDs and binary options under the mark "high risk". It means that any business...

The Hong Kong Securities and Futures Commission (SFC) has announced that it has launched a two-month consultation on proposed changes to the Investor Compensation Regime (ICR). The Securities and Futures Commission (SFC), is the independent statutory body charged with regulating the securities and futures markets in Hong Kong. The ICR was first presented in 2003...