Archives
iSignthis and NSX Limited enter into ClearPay Joint Venture
February 20th, 2020
ClearPay JV will develop a Delivery versus Payment (“DvP”) platform, which is planned to supersede the current (T+ various days delayed for the clearing and settlement) process offered by current incumbent domestic and global stock exchanges. The development will ...
U.S. Dollar nears a critical level that may trigger a buying spree
February 20th, 2020
The dollar is heading toward a key psychological threshold that could supercharge its ongoing rally. The U.S. Dollar Index, a widely-watched measure of the currency versus its peers, is close to breaching 100 for the first time since 2017, ...
Alert! CySEC issued a warning for unregulated entities
February 20th, 2020
The Cyprus Securities and Exchange Commission (CySEC) has issued an announcement to inform investors that the following websites do not belong to an entity which has been granted an authorization for the provision of investment services and/or the performance ...
EU puts Cayman Islands on tax haven blacklist
February 19th, 2020
The European Union has added the Cayman Islands, a UK overseas territory, to its tax havens blacklist. It joins Oman, Fiji and Vanuatu, which have also been accused of failing to crack down on tax abuse. Oxfam, which lobbies ...
Facial recognition technology breaches GDPR says Vestager
February 19th, 2020
Margrethe Vestager, EU’s tech chief Margrethe Vestager said on Thursday that facial recognition technologies breach the need to give consent, which is stipulated in Europe’s data protection rules (GDPR). However, the Commissioner backed their use in case of public ...
European stocks climb as investors monitor coronavirus spread, economic data
February 19th, 2020
The pan-European Stoxx 600 was up 0.5% by mid-morning having earlier notched a new record high. Basic resources and household goods added 0.8% to lead gains as most sectors and major bourses entered positive territory. China’s National Health Commission ...
Bitcoin price is rising regardless coronavirus outbreak
February 14th, 2020
Bitcoin price has reached a mark of $10.000 which can mostly be explained by an effort of investors to find a safe haven amid the recent outbreak of coronavirus that has seriously affected many companies as in Asia, so ...
Yen holds gains on virus woes, euro crumbles on weak growth outlook
February 14th, 2020
The Japanese yen held onto gains against the dollar on Friday as renewed worries about the coronavirus outbreak supported demand for safe-haven currencies and weighed on prices of riskier assets. The Chinese yuan nursed losses in offshore trade as ...
European shares edge lower amid coronavirus uncertainty
February 10th, 2020
European shares inched lower on Monday as concerns over the economic impact of the coronavirus outbreak weighed on sentiment, while markets also came off a rally from last week. The pan-European STOXX 600 index fell 0.3% by 0803 GMT, ...
From now on crypto firms in Singapore have to be licensed
February 7th, 2020
With the new payments law, all crypto businesses and brokers operating in Singapore should be licensed. The Payment Services Act was passed back in January 2019 and was implemented this Tuesday, according to the Monetary Authority of Singapore (MAS). ...
