BSP Rolls Out Stricter Rules for Virtual Asset Providers
The Philippines enforces new virtual asset reporting rules starting January 2025, mandating 13 comprehensive reports from VASPs to ensure transparency and security.
Kraken Closes NFT Marketplace Amid New Product Focus
Kraken shuts down its NFT marketplace to focus on new products and services, citing the NFT market downturn. Resources shift to stablecoins and institutional solutions.
Magic Compass Sponsors World Taekwondo Poomsae Championships 2024
Magic Compass, a legitimate financial services firm, is the official sponsor of the World Taekwondo (WT) Poomsae Championships 2024. The event will be held in Hong Kong. This is the 13th World Taekwondo Poomsae Championships.
Elon Musk Warns of Imminent US Bankruptcy | Bitcoin Retreats from $100K
Elon Musk has issued a stark warning about the US's financial stability, suggesting that the country is heading toward bankruptcy "super-fast" unless drastic measures are taken. The billionaire's financial commentary comes amid Bitcoin's retreat from its anticipated $100,000 milestone. The cryptocurrency recently fell to just above $95,000, down from a high of $99,000.
Webull and Others Fined $275,000 for Incomplete Suspicious Activity Reports
Webull Financial, alongside Lightspeed Financial Services Group and Paulson Investment Company, LLC, has agreed to pay a collective fine of $275,000 following an investigation by the US Securities and Exchange Commission (SEC). The penalty was issued due to the firms’ failure to include essential information in suspicious activity reports (SARs) over a four-year period.
Barclays Resolves £40M Fine Over 2008 Fundraising Disclosure Failures
Barclays has reached a settlement with the UK’s Financial Conduct Authority (FCA), agreeing to pay a £40 million fine for failing to adequately disclose arrangements with Qatari investors during its critical fundraising efforts amidst the 2008 financial crisis.
Pros & Cons of Automated Forex Trading
Are your friends urging you to use automated Forex trading? As It is fast; follow your strategy and make emotion-free decisions. Are you convinced enough to use this trading system? But wait a moment. Before using it, consider both sides of automated forex trading and decide. In this article, we will tell you about the pros and cons of automated forex trading.
Justin Sun Invests $30M in Trump-Backed World Liberty Financial
Crypto company World Liberty Financial, backed by Donald Trump, secures a $30M investment from Justin Sun, making him its largest investor.
CICC Alerts Filipinos to Surge in Cryptocurrency Investment Scams
CICC warns of rising cryptocurrency scams in the Philippines. Victims are urged to verify investment offers with regulators to avoid fraud.
FinCEN Joins Task Force to Combat Fraud and Scams
FinCEN partners with national task force to tackle fraud, scams, and illicit finance risks through cross-sector collaboration and public-private partnerships.
WikiEXPO Global Expert Interview: Advanced Practices and Insights in Financial Regulation
In the midst of rapid advancements and evolving landscapes in financial technology, financial regulation, and ensuring financial security, WikiGlobal stands at the forefront, closely tracking these transformative trends. As we embark on our series of exclusive interviews focusing on these pivotal areas, we are delighted to have had an in-depth conversation with.
TD Bank Hires Monitors After $1.8B AML Settlement
TD Bank hires compliance monitors for its AML overhaul, following a $1.8B penalty. The bank focuses on strengthening its anti-money laundering controls.
Trump tariffs: President-elect is serious but it\s not about trade
The US president-elect is using tariffs as a weapon of diplomacy, even coercion, says BBC economics editor Faisal Islam.
What is an Economic Calendar? How it works
An economic calendar in the forex market is a schedule of upcoming economic events and data releases that can impact the currency market.
Alleged Concerns with TradeEU.global's Trading Practices
An individual trader has come forward with allegations of an unfavourable experience while using the services of the broker TradeEU.global.
FTX Sets March 2025 Timeline for Creditor Payouts: What It Means for Investors
The FTX bankruptcy estate has outlined a timeline for reimbursing creditors and customers, with initial payouts scheduled to begin in March 2025.
Lured by False Promises: Malaysian Driver Lost RM218K to an Investment Scam
A 49-year-old e-hailing driver in Malaysia fell victim to a fraudulent investment scheme, losing RM218,000 in a matter of weeks. The scheme, which falsely promised returns of 3 to 5 per cent within just three days, left the individual financially devastated.
SEC Fines Broker-Dealers $275K for Incomplete SAR Filings
SEC fines three broker-dealers $275K for filing deficient Suspicious Activity Reports, highlighting the importance of compliance with SAR filing regulations.
Mastercard's 2030 Vision: Biometric-Driven, Tokenized Payments
Mastercard’s tokenized future will eliminate card numbers and passwords by 2030, ensuring seamless, secure, and biometric-driven online shopping experiences.
Saxo & Portuguese Bank Partnership
Saxo has collaborated with Novo Banco, a Portuguese bank to offer Novobanco clients access to Saxo's trading platform. Henrik Alsøe, Global Head of Saxo Institutional, Henrik commented, “As a leading digital trading and investment services provider, Saxo is thrilled to expand the relationship with the novobanco Group and contribute to their drive towards improved customer centricity,”
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