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Virtual Currencies’ Control in Singapore

Using **virtual currencies** is now a common practice between business representatives. Breadth of choice in the field of financial instruments makes regulators think of more and more universal types of acts and laws. Many international documents also have requirements for the counter-financing of terrorism and anti-money laundering policies. This puts financial regulators in the position where...

Path: Blog
Investments in cryptocurrency – is one of the main topics in the UK Financial Ombudsman Service’s Annual Review

...from contracts for difference on cryptocurrency. The UK government takes a cautious approach especially when it comes to cryptocurrency. The government had no plans to recognize digital currencies as legal tender or to propose designating them as financial instruments, said John Glen, Economic Secretary to the Treasury and City Minister. But the main point of the report is that **cryptocurr...

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Financial conduct authority of the UK has banned binary options for private investors

... and may reduce the risk of fraud by unauthorized entities claiming to offer these products. Christopher Woolard, Executive Director of Strategy & Competition at the FCA, said the following: *"Binary options are gambling products dressed up as financial instruments. By confirming our ban today, we are ensuring that investors don’t lose money from an inherently flawed product."* UK consu...

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Cyprus Forex License

... 4,000.00 + 19% VAT Overview The financial services regulatory body in Cyprus is the 'Cyprus Securities and Exchange Commission' (CySEC).Being a member of the EU, Cyprus is in full compliance and duly harmonized with the EU Markets in financial instruments Directive(MiFID) There are two types of licenses in Cyprus applicable for forex and usually the companies are known as CIF ...

Path: Licensing
Bulgaria Portfolio Management License

...nse. Holder of portfolio management license is authorized to receipt and transmit orders on behalf of the clients, intermediate the conclusion of transactions, provide investment advice, manage funds of clients and holding client’s money and/or financial instruments. Officers of an applicant company must satisfy “fit & proper” requirements in terms of academic background, professio...

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Cayman Islands Securities Investment Business License

...t activities are regulated by the Securities Investment Business Law (SIBL) (latest amendment of 2015). Cayman Islands Securities Investment license allows to: Accept and transmit funds Execute orders on behalf of the clients Underwrite financial instruments Securities management Among other benefits, the applicant will be able to enjoy the following advantages: Cayman Is...

Path: Licensing