MAS and SFA invite entries for 2021 FinTech Awards
The Monetary Authority of Singapore (MAS) and the Singapore FinTech Association (SFA) announced today the launch of the 2021 Singapore FinTech Festival (SFF) Global FinTech Awards (the Awards).
Jul 21, 2021
SPAC shares: BaFin advises caution with risky investments
A number of European stock exchanges have recorded listings of SPACs (special purpose acquisition companies) in recent months. SPACs are special purpose acquisition companies that raise capital through a private placement or an initial public offering in order to invest this capital in a business combination with an as yet unlisted company.
Jul 21, 2021
bybit.com: BaFin investigates Bybit Fintech Limited
In accordance with section 37 (4) of the German Banking Act (Kreditwesengesetz – KWG), BaFin wishes to inform the public that the company Bybit Fintech Limited, British Virgin Islands, has not been granted authorization under the KWG to conduct banking business or provide financial services.
Jul 21, 2021
baronsvc.com trading platform: BaFin prohibits unauthorised portfolio management
In its notice dated 23 June 2021, BaFin ordered Atlantis Technology Group Ltd., Marshall Islands, Kolusha OU, Estonia, and FMR International OU, Estonia and the UK, as the operator of the baronsvc.com trading platform, to immediately cease its unauthorized portfolio management activities
Jul 21, 2021
JPMorgan Chase Bank N.A.: BaFin imposes administrative fine
On 19 July 2021, BaFin imposed an administrative fine amounting to 1,830,000 euros on JPMorgan Chase Bank N.A.
Jul 21, 2021
SEBI issues Circular on “Block Mechanism in demat account of clients undertaking sale transactions”
SEBI has received representations from the clients undertaking sale transactions, wherein the clients give Early Pay-In (EPI) for sale trades which are yet to be executed...
Jul 21, 2021
OCC Statement on Rescinding its 2020 Community Reinvestment Act Rule
The Office of the Comptroller of the Currency (OCC) today announced it will propose rescinding the Community Reinvestment Act (CRA) rule issued in May 2020 and is committed to working with the Federal Reserve (Board) and the Federal Deposit Insurance Corporation (FDIC) to put forward a joint rulemaking that strengthens and modernizes the CRA.
Jul 21, 2021Editors Choice
Local firms ask governor to deny permits for crypto mining in New york
The state governor of new york Governor Kathy Hochul was asked by a group of local businesses to convert the city's old fossil-fuel power plants into crypto mining centers...;
