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Even though the holidays and New Year’s holidays are fast approaching, financial market regulators remain exceptionally active. This can be seen in the number of warnings issued by popular watchdog organizations.
During today’s session (Wednesday), the warning list was updated by the Financial Conduct Authority (FCA) of the United Kingdom, the Securities and Financial Commission (SFC) of Hong Kong and the Mauritius Financial Services Commission (FSC), among others.
On December 20, no less than five entities were added to the FCA’s warning list, including Ventures-Funds, Cryptolinkx, Universal Forex Trading, Premium Easy Loan and Safe. Forex Trading
Forex Trading
Forex trading involves buying and selling foreign currencies with the aim of generating a profit. The value of currencies, particularly floating currencies, fluctuates to varying degrees. This constant volatility in exchange rates opens the door for speculators to invest in a certain currency against another. The Forex market is the largest and most liquid market in the world, with a turnover of over $5 billion every day, and the market is open 24 hours a day, 5 days a week. This goes without saying say.
Forex trading involves buying and selling foreign currencies with the aim of generating a profit. The value of currencies, particularly floating currencies, fluctuates to varying degrees. This constant volatility in exchange rates opens the door for speculators to invest in a certain currency against another. The Forex market is the largest and most liquid market in the world, with a turnover of over $5 billion every day, and the market is open 24 hours a day, 5 days a week. This goes without saying say.
. None of them have the appropriate licenses to provide investment services in the UK.
However, analyzing the FCA register, we see that the regulator made a major update to its list two days earlier, on December 18 and 19, adding around fifty new entities. These are mainly companies that offer either cryptocurrency services or FX/CFD trading.
The FCA remains extremely active in issuing warnings, issuing more than 1,700 last year.
Mauritian FSC warns about future of foreign exchange market
The Mauritius FSC warning list includes the entity FX Future, which falsely claims to be licensed, pretending to be licensed by another entity, Benor Capital Ltd.
“The FSC wishes to inform the public that Benor Capital Ltd has no association in any manner whatsoever with FX Future and further emphasizes that FX Future and/or any other individual, representative or group of promoters operating under this name are not not and have not, at any time, been authorized and/or regulated by the FSC,” the regulator commented in an official statement.
At the same time, he recommends special caution when dealing with FX Future.
Some time ago, the regulator warned against Match CFD, which falsely claimed to have a full broker-dealer license.
Two new entities on the SFC warning list
Meanwhile, the Hong Kong SFC has added LonShiX and Bitbank (Global) Financial Holding Group to its warning list. The first encourages people to open investment accounts through social platforms and instant messaging. The second uses a name deceptively similar to the popular name cryptocurrency exchange
Cryptocurrency exchange
A cryptocurrency exchange is an online platform that supports the exchange of various currencies for a cryptocurrency or digital asset. Comparable to a generalized financial exchange, the primary function of a cryptocurrency exchange is to enable and encourage the buying and selling of cryptocurrencies. This is accomplished by producing a stable trading environment suitable for traders spread across different locations around the world. Sometimes a crypto exchange may be called a digital currency exchange (DCE) f
A cryptocurrency exchange is an online platform that supports the exchange of various currencies for a cryptocurrency or digital asset. Comparable to a generalized financial exchange, the primary function of a cryptocurrency exchange is to enable and encourage the buying and selling of cryptocurrencies. This is accomplished by producing a stable trading environment suitable for traders spread across different locations around the world. Sometimes a crypto exchange may be called a digital currency exchange (DCE) f
although this is in no way related to it.
“The SFC also suspects that Bitbank (Global) Financial Holding Group may have disseminated false and misleading information about itself and its activities through online channels, including its website and social media platforms, claiming that it had obtained SFC licenses and started applying for a virtual asset service provider license,” informed the SFC and at the same time warned that it had not issued a license to this entity.
Yesterday (Tuesday), the Cypriot CySEC updated its warning list, adding 12 unlicensed investment websites.
Even though the holidays and New Year’s holidays are fast approaching, financial market regulators remain exceptionally active. This can be seen in the number of warnings issued by popular watchdog organizations.
During today’s session (Wednesday), the warning list was updated by the Financial Conduct Authority (FCA) of the United Kingdom, the Securities and Financial Commission (SFC) of Hong Kong and the Mauritius Financial Services Commission (FSC), among others.
On December 20, no less than five entities were added to the FCA’s warning list, including Ventures-Funds, Cryptolinkx, Universal Forex Trading, Premium Easy Loan and Safe. Forex Trading
Forex Trading
Forex trading involves buying and selling foreign currencies with the aim of generating a profit. The value of currencies, particularly floating currencies, fluctuates to varying degrees. This constant volatility in exchange rates opens the door for speculators to invest in a certain currency against another. The Forex market is the largest and most liquid market in the world, with a turnover of over $5 billion every day, and the market is open 24 hours a day, 5 days a week. This goes without saying say.
Forex trading involves buying and selling foreign currencies with the aim of generating a profit. The value of currencies, particularly floating currencies, fluctuates to varying degrees. This constant volatility in exchange rates opens the door for speculators to invest in a certain currency against another. The Forex market is the largest and most liquid market in the world, with a turnover of over $5 billion every day, and the market is open 24 hours a day, 5 days a week. This goes without saying say.
. None of them have the appropriate licenses to provide investment services in the UK.
However, analyzing the FCA register, we see that the regulator made a major update to its list two days earlier, on December 18 and 19, adding around fifty new entities. These are mainly companies that offer either cryptocurrency services or FX/CFD trading.
The FCA remains extremely active in issuing warnings, issuing more than 1,700 last year.
Mauritian FSC warns about future of foreign exchange market
The Mauritius FSC warning list includes the entity FX Future, which falsely claims to be licensed, pretending to be licensed by another entity, Benor Capital Ltd.
“The FSC wishes to inform the public that Benor Capital Ltd has no association in any manner whatsoever with FX Future and further emphasizes that FX Future and/or any other individual, representative or group of promoters operating under this name are not not and have not, at any time, been authorized and/or regulated by the FSC,” the regulator commented in an official statement.
At the same time, he recommends special caution when dealing with FX Future.
Some time ago, the regulator warned against Match CFD, which falsely claimed to have a full broker-dealer license.
Two new entities on the SFC warning list
Meanwhile, the Hong Kong SFC has added LonShiX and Bitbank (Global) Financial Holding Group to its warning list. The first encourages people to open investment accounts through social platforms and instant messaging. The second uses a name deceptively similar to the popular name cryptocurrency exchange
Cryptocurrency exchange
A cryptocurrency exchange is an online platform that supports the exchange of various currencies for cryptocurrency or a digital asset. Comparable to a generalized financial exchange, the primary function of a cryptocurrency exchange is to enable and encourage the buying and selling of cryptocurrencies. This is accomplished by producing a stable trading environment suitable for traders spread across different locations around the world. Sometimes a crypto exchange may be called a digital currency exchange (DCE) f
A cryptocurrency exchange is an online platform that supports the exchange of various currencies for cryptocurrency or a digital asset. Comparable to a generalized financial exchange, the primary function of a cryptocurrency exchange is to enable and encourage the buying and selling of cryptocurrencies. This is accomplished by producing a stable trading environment suitable for traders spread across different locations around the world. Sometimes a crypto exchange may be called a digital currency exchange (DCE) f
although this is in no way related to it.
“The SFC also suspects that Bitbank (Global) Financial Holding Group may have disseminated false and misleading information about itself and its activities through online channels, including its website and social media platforms, claiming that it had obtained SFC licenses and started applying for a virtual asset service provider license,” informed the SFC and at the same time warned that it had not issued a license to this entity.
Yesterday (Tuesday), the Cypriot CySEC updated its warning list, adding 12 unlicensed investment websites.
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