Category: Regulation
-
Bafin Chief Mark Branson Wants A Tough Regulation For Crypto But Not To Kill It!
•
The public has lost confidence in the crypto space. The collapse of the crypto exchange FTX deals another blow to the market for Bitcoin and Co. In the industry, there is talk of crypto winter and crypto contagion. Bafin boss Mark Branson would prefer to “extend regulation to all areas”. However,…
-
The Controversial SEC Proposal Of A Stock Market Overhaul!
•
A proposed overhaul of U.S. equity trading rules was met with skepticism by some financial firms, who said, “If it ain’t broke, don’t fix it.” However, other traders welcomed the proposed changes and their promise of greater transparency and improved market access for investors.
-
Disgraced Former FTX CEO Sam Bankman-Fried Faced With Criminal Charges And Regulatory Fraud Complaints!
•
U.S. authorities have charged disgraced former FTX CEO Sam Bankman-Fried (SBF) with fraud a month after the crypto exchange he founded filed for bankruptcy. Moreover, the U.S. CFTC and the U.S. SEC have filed fraud complaints against SBF and his companies FTX and Alameda Research. The complaints charge them with…
-
Venture Capital For Small Investors: Bafin Prohibits Econos Offer!
•
Due to “significant concerns for investor protection”, the financial supervisory authority BaFin reprimands a product of the investment platform Econos, behind which Alexander Samwer stands. Starting at €100, small investors could invest in the green World Fund. The financial regulator Bafin prohibits an investment product of the Munich-based fintech Econos.
-
Crypto Payment Processor MoonPay Successfully Registered With The UK Regulator!
•
The UK entity of crypto payment processor MoonPay has received the UK’s Financial Conduct Authority (FCA) license. Moonpay (UK) Limited appeared on the Registered Cryptoasset Firms list on 9 December 2022 and is the 40th cryptocurrency service provider authorized by the UK watchdog. It joins the likes of crypto ventures…
-
Bafin And Bundesbank Survey Financial Institutions On Their Interest Rate Risks!
•
The survey of 1,200 financial institutions launched at the beginning of December is intended to help assess the impact of the interest rate turnaround on the institutions. The financial supervisory authority Bafin and the Bundesbank launched a survey of around 1,200 financial institutions at the beginning of December to assess…
-
German BaFin Exposes Deficiencies At Online Broker FlatexDEGIRO!
•
Bad news from Frankfurt-based online broker FlatexDEGIRO: BafFn has conducted a special audit and found deficiencies in the organization and corporate governance, as the SDax company announced. The regulator ordered the broker to implement a proper organization and increase the capital. The day-to-day business is weak. The company significantly reduced its…
-
SEC Fines Goldman Sachs Asset Management $4 Million!
•
The Securities and Exchange Commission (SEC) has charged Goldman Sachs Asset Management with false advertising of funds and account strategies. According to the SEC, GSAM was fined $4 million for policy and procedural failures in two mutual funds and a separately managed account strategy marketed as ESG investments.
-
Ripple Attacks SEC Over Its Deal With Now Bankrupt BlockFi!
•
Crypto lender BlockFi filed for Chapter 11 bankruptcy on Monday! In the first week of November, BlockFi paused withdrawals from customers. The crypto lending platform had drawn down a $400 million line of credit from FTX US over the summer and was one of the first victims of the crypto…
-
China’s FinTech Ant Reportedly Faces A Billion-Dollar Fine!
•
The fine could end the regulatory process that has been ongoing for two years. After that, the planned IPO could also be resumed. Ant Group, the fintech arm of e-commerce giant Alibaba, is expected to pay more than a billion dollars in fines to the Chinese state. This was reported…