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In our latest ‘On the Sofa’ podcast, head of our BVI
dispute resolution team, David Harby is joined by Kristina Kicks of
Interpath and…
The Financial Sector Conduct Authority (FSCA) issued a statement on Thursday, 21 October 2021, warning the public to be cautious when doing any financial services business with Global Investors Choice. Global Investors Choice’s website notes that it trades in forex, binary options and crypto assets through its automated channels.
FSCA noted that the entity further claims that it is registered as a financial services provider with FSCA, as well as with other international regulators. This is including the Financial Services Commission of Mauritius, the Financial Conduct Authority of the United Kingdom and the Cyprus Securities and Exchange Commission of Cyprus.
It informed that Global Investors Choice is in fact not registered as an FSP and is not authorized to provide any financial advisory and intermediary services, as defined in the various financial sector laws of South Africa. FSCA believes that the…
The Financial Sector Conduct Authority (FSCA) has warned the public to be cautious when doing any financial services business with Global Investors Choice.
In a statement, the FSCA said of the terms of the Global Investors Choice’s website, the entity trades in forex, binary options and in crypto assets through their automated platforms.
“Global Investors Choice further claim that they are registered as financial services providers (FSP) with the FSCA as well as with various other international regulators, including the Financial Services Commission (Mauritius), the Financial Conduct Authority (United Kingdom) and the Cyprus Securities and Exchange Commission (Cyprus),” said the FSCA on Thursday.
The FSCA warned that Global Investors Choice was not registered as an FSP. The company was also not authorised to provide any financial advisory and intermediary services as defined in the various financial sector laws of South Africa. It said the false information that Global Investors Choice was an FSP could be misleading to unsuspecting investors. The FSCA has advised the public…
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Guernsey has approved its first cryptocurrency fund after its
regulator, the Guernsey Financial Services Commission (GFSC),
authorised Jacobi Asset Management to launch the world’s first
Tier 1 Bitcoin exchange-traded fund (ETF).
The fund was approved on 15 October and is available…
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Bitcoin Era is a High-Frequency Trading (HFT) framework outfitted with methodologies to assist you with bringing in cash off little value developments. These incorporate scalping, a strategy that includes applying high influence on…
Powered by the Filecoin Foundation, The Future Rules is hosted by Forkast.News Editor-in-Chief Angie Lau, alongside top legal mind in blockchain and Filecoin Foundation Board Chair, Marta Belcher. Together with some of the most renowned names in the industry as their special guests they dive into the future and the ethical issues that technology will raise, and how to address them today before they determine our tomorrow. From NFTs, to CBDCs and beyond, the team explores issues of civil liberties, law, compliance, human rights, and regulation that will shape the world to come.
Find more episodes in the podcast series: The Future Rules
In this episode, Kristin Smith, who is the Executive Director of the Blockchain Association takes a look at the need for policy makers to really understand what cryptocurrencies can do and why professional advocates are essential in providing that education. She also considers the role the U.S. infrastructure bill has played in that process and why hitting the pause button on legislation could be of benefit for everyone.
The…
Bitcoin hovered below record levels on Wednesday, the day after the first US bitcoin futures-based exchange-traded fund (ETF) began trading, a development that market participants say is likely to drive investment into the digital asset.
The world’s leading cryptocurrency was last at $63,998, off 0.4 per cent, but still within a short jump of its record of $64,895.22, hit April 14 this year.
It reached as high as $64,499 on Tuesday, late in the US day.
Earlier on Tuesday, the ProShares Bitcoin Strategy ETF closed up 2.59 per cent at $41.94 after its first day of trading, with around $1 billion worth of shares trading hands on Intercontinental Exchange Inc’s ICE.N Arca exchange.
Trading appeared to be dominated by smaller investors and high-frequency trading firms, analysts said, noting the absence of large block trades indicated that institutions were likely staying on the sidelines.
James Quinn, managing partner at Q9 Capital, a Hong Kong-based cryptocurrency private wealth manager, said the launch of the new product was “meaningful” for bitcoin.
Theoretically, any…
Without those pressure points, things will get tricky. “It’s going to be very difficult to regulate DeFi. Much harder than crypto,” says Katherine Kirkpatrick, co-chair of the financial services practice at King & Spalding. “The ultimate question, beyond how to regulate, is how do you enforce the rules? How do you make someone accountable for breaking the rules? It doesn’t make sense to regulate if you have no enforcement mechanism.”
In the context of peer-to-peer transactions, Bitcoin is a digital asset that is designed to function as a currency. It has gained huge potential in a few years. Talking about the Bitcoin economy, many economists say that in January 2015 Bitcoins have three features that make them effective as a currency which include hard to earn, limited in supply, and easy to verify.
According to some other economists till 2015 Bitcoin primarily serves as a payment method rather than as a form of cash.
According to some other researchers and economists, it was said that Bitcoin performs three functions which include a store of value, a medium of exchange, and a measure of performance. According to an article published in 2014, BitIQ performs best as a means of cryptocurrency exchanging value. Then in 2018,…
