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Switzerland Portfolio Management (ARIF Registration)

... one of the most reputable and business-friendly jurisdictions. A company can be authorized to conduct portfolio management by a local non-governmental organization – “Association Romande des Intermédiaires Financiers” which acts on behalf of financial markets Authority.Overview “Association Romande des Intermédiaires Financiers” (ARIF) – a non-profit organization of a public util...

Path: Licensing
The great step towards China

...s in the most professional way, while always minding personal preferences."* This three-day event brought closer together traders, investors, affiliates, IBs, fintech companies and brokers from across China and the world. With the rapidly growing financial market here in China, this event provided the know-how about what’s moving the markets via a range of free seminars and an exhibition of f...

Path: Blog
Saudi Arabia issued its first license for Forex trading

...other companies would be able to apply and secure the lucrative permit. For the past few years, Saudi Arabia was in the process of opening up its capital markets, but the progress is slow and the market is still strictly controlled by the state. financial markets have long been preparing for the IPO listing of the biggest state-owned company - Saudi Aramco. Earlier this month, the company has ...

Path: Blog
Albania is preparing a legal framework for virtual assets

...16 with only 3 in absentia. The country’s parliament approved the new laws recently, leading the way for the virtual asset market to be legally recognized and regulated. Minister of Finance and Economy Anila Denaj presented the draft law “On financial markets based on the technology of distributed registers” in the Committee on Economy. “The draft law aims to regulate the conditions fo...

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Attempts to Unify Cryptocurrency Regulation and Introduction of the Travel Rule

...or FinCEN realizing that an enforcement action too early would incentivize many U.S. entities to move their businesses offshore in order to avoid regulatory oversight. One of the latest countries to enforce FATF guidance is Switzerland. The Swiss financial market Supervisory Authority pretty quickly implemented Travel Rule and lowered the transaction threshold for unidentified crypto exchanges ...

Path: Blog
“To trade or not to trade?” or How Chinese Exchanges Overcome the Bitcoin Ban?

...a point of view, that after the last Chinese elections, XI Jinping, who was re-elected as the President and General Secretary of the Communist party, may implement changes in cryptocurrency regulations. He is a recognized advocate for innovations on financial market and it is possible that under his supervision government will re-enable **Bitcoin exchanges** and other banned activities with crypto...

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Pandemic effect on Cryptocurrency markets

...rts suggest that the S&P 500 index has gone red with 10% since January 2020. Before Black Monday, when the price of Bitcoin dipped below $4,000, indicating that cryptocurrencies are not immune to the influence — and downturns — of traditional financial markets, the trading volume of Bitcoin spiked. Many other major crypto exchanges also reported the same uptick movement in the trade volume ...

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6 reasons why best Forex brokers are regulated

With a huge trading volume which is about $5 trillion a day, the Foreign exchange market is still the largest financial market in the world.The uniqueness of this market is undeniable due to its geographical dispersion, accessibility, and flexibility. Traders can access the Forex market 24 hours a day, except for weekends, use different leverages to increase profit and benefit from a variety of ...

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FINMA provides guidelines on "stablecoin"

...dly since the last year. The idea behind the ‘stablecoin’ projects is to minimize the volatility in cryptocurrency’s valuation by fixing the ‘stablecoin’ to currencies, commodities, securities or, real estate. In this connection, the Swiss financial market Supervisory Authority (FINMA) has provided the guidelines bringing to light how ‘stablecoins’ are being handled under the relevan...

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Crisis Impact on Crypto Lending Sector

...t on by the coronavirus has been a shock to the entirety of the global economy. Every industry in the world is fighting to find ways to adapt to the new way that was thrust into reality few weeks ago. One of the most affected sectors has been global financial markets. This has also been true in the cryptocurrency industry. Everyone is aware that the crypto lending sector has gained a reputatio...

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New crypto regulation from Switzerland

**FINMA (Switzerland’s financial market Supervisory Authority) has recently announced a new fintech license**, with moderate conditions, that is appropriate to blockchain and cryptocurrency-based companies. On 3rd December, 2018 the regulator stated that the new regulation will grant recognized “innovative financial companies” the ability to accept public deposits of up to 100 million Sw...

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World Bank launches first global blockchain bond-i and raises AU$110 million

...ns stay skeptical as to the actual advantages of distributed ledger technology. For instance, in June 2018, the Netherlands central bank (DNB) announced the results of a number of researches, concluding that blockchain is unable to meet the needs of financial markets infrastructure (FMI). Stay tuned with **Offshorelicense** to be informed of all legal news in relation to blockchain, legaltech a...

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Swiss regulator launches proceedings against ICO issuer

**The Swiss financial market Supervisory Authority FINMA has launched enforcement proceedings against envion AG.** After raising over $100 million from investors, envion AG’s ICO became the second major ICO that has sparked controversy in Switzerland. FINMA stated that **envion AG may have violated financial market law in relation to Initial Coin Offering** (ICO). Therefore, FINMA launched ...

Path: Blog
5 signs of booming blockchain innovation in Australia

...ntirely. The plan is to implement a post-trade system that is blockchain-based. This will replace their existing Clearing House Electronic Subregister System. ASX estimates that by moving over to blockchain technology to administer the Australian financial market, they can add as many as 50 new features for traders, at the same time as making significant cost savings. The plan is already underw...

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Chinese financial services opening up to foreigners

The President of the People’s Republic of China and the People's Bank of China announced their intentions to open up China’s financial markets to promote foreign competition. For now, foreign ownership is limited for banks and asset management companies. Within a few months **the foreign ownership cap will be removed**. These changes will open the market to foreign investors and banks, givin...

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Switzerland puts a hand over supervising ICOs

February 16th became an important day for **European crypto-community**. **Switzerland** showed itself as a progressive jurisdiction and published guidelines regarding the **ICO regulation**. It was developed by The Swiss financial market Supervisory Authority (FINMA). Many Swiss startups has now decided to announce ICO as acceptable since it is easier than attracting investors as it was 5 - ...

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China Bans Popular FX Broker Services

...nal **brokerage services**? In China, there is a special profession as introducing brokers. They are a formal bridge between Chinese closed economy and international investors and entrepreneurs. This might become an only way to work with the Chinese financial market if the service bans will not stop. Western brokerage services will be able to work further inside the Chinese borders but business...

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Herding in the most volatile market in decades

...suggests psychologically based theories to try to explain deviations in price. One of the most powerful techniques used in an economist’s arsenal in understanding the behaviour in markets is trying to find herding behaviour in a certain type of financial market or market index. Usually using mathematical models such as CSSD (cross-sectional standard deviation), HIX (Herding index), VAR models...

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CIM Bank Account Opening

CIM Bank is a leading Swiss Private Bank based in Geneva, Lugano and Wollerau.Account opening: 14-18 working days Overview: CIM Bank works under the authorisation of FINMA, the Swiss financial market Supervisory Authority, and is a member of the Swiss Exchange and of the Swiss Bankers Association (SBA). CIM Bank is well known and has been proudly rewarded for t...

Path: Banks
New Zealand Asset Management License

...Provider’s (FSP) license must be registered within New Zealand as this option is not available for foreign legal entities. An applicant for the New Zealand Financial Service Provider’s license is required to file respective application to the financial markets Authority or FMA. Under current regulations, representatives of the FMA shall conduct an inspection of the registered place of bu...

Path: Licensing
New Zealand Forex License

...s or shareholders. FSP license allows a licensee to perform the following key financial activities: Portfolio Management on behalf of third parties Provision of credit under a credit contract Foreign currency exchange Recently, the financial markets Authority or FMA and the Registrar of Companies have implemented New significant requirements for a licensee to have a mandatory loc...

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Euro Pacific Bank Account Opening

...the notion of full-reserve banking. Euro Pacific takes a unique approach to banking by maintaining a 100% ratio of reserves to deposits. This full-reserve structure has become a driving force behind the Bank’s growth and client retention as global financial markets have become increasingly unstable.Payment processing options MasterCard, Visa N.B. Bank may change its tariffs at any ti...

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CIM Bank Account Opening

CIM Bank is a leading Swiss Private Bank based in Geneva, Lugano and Wollerau.Account opening: 14-18 working days Overview: CIM Bank works under the authorisation of FINMA, the Swiss financial market Supervisory Authority, and is a member of the Swiss Exchange and of the Swiss Bankers Association (SBA). CIM Bank is well known and has been proudly rewarded for t...

Path: Banks
Alfa Bank Account Opening

...privately owned bank with well-established diversified franchise, successful footprint of mass corporate segment and solid positions in retail banking. Alfa Banking Group offers a wide range of products and operates in all sectors of the financial market, including corporate and retail lending, deposits, payment and account services, foreign exchange operations, cash handling services,...

Path: Banks
Alfa Bank Account Opening

...privately owned bank with well-established diversified franchise, successful footprint of mass corporate segment and solid positions in retail banking. Alfa Banking Group offers a wide range of products and operates in all sectors of the financial market, including corporate and retail lending, deposits, payment and account services, foreign exchange operations, cash handling services,...

Path: Banks
Euro Pacific Bank Account Opening

...the notion of full-reserve banking. Euro Pacific takes a unique approach to banking by maintaining a 100% ratio of reserves to deposits. This full-reserve structure has become a driving force behind the Bank’s growth and client retention as global financial markets have become increasingly unstable.Payment processing options MasterCard, Visa N.B. Bank may change its tariffs at any ti...

Path: Banks
Limited Liability Company in Lithuania

...the courier Minimum shared capital: EUR 2500   Overview  Modern financial infrastructure and favorable legislation makes Lithuania one of the most attractive places to investment managers targeting single European financial market. Lithuania has benefited from EUR180 million per year of European Union (EU) assistance and development funds since joining the EU...

Path: Companies
Switzerland Crypto License

... aspect is the stability of the country itself, which allows the entrepreneur to live without risk, without fear that his business will be regarded as illegal tomorrow. Most of the activities related to cryptobusiness are regulated by the Federal financial markets Supervisory Authority (FINMA) through regular publication of guidelines in one or another area of cryptobusiness. Thus, based on ...

Path: Licensing