News Centre

Statement Of CFTC Commissioner Kristin N. Johnson: Time To Take Action Against Digital Asset And Forex Romance Scam

Date 26/06/2023

The Commodity Futures Trading Commission (Commission or CFTC) filed a civil enforcement action in the U.S. District Court for the Central District of California against California resident Cunwen Zhu and his California-based company Justby International Auctions (Justby) (Zhu and Justby, together, Defendants).[1]  Defendants used a type of romance fraud known as a “Pig Butchering” scheme to defraud customers through digital asset and foreign currency exchange (forex) solicitations.  In a Pig Butchering scheme, the fraudsters cultivate a friendly or romantic relationship with a potential customer, and “fatten” them up with falsehoods, before soliciting the customer to participate in a fraudulent financial opportunity, in this case, fraudulent digital asset and forex trading.  The complaint alleges that from approximately April 2021 through March 2022, Zhu and Justby accepted and misappropriated over $1.3 million from at least 29 customers as part of this scheme.

Technology Used In Bank Of England’s CBDC Project Now Available To Any Business

Date 26/06/2023

Quant, the blockchain for finance pioneer, today unveiled Overledger Platform: the infrastructure used in Project Rosalind - the Bank of England and Bank for International Settlements’ retail CBDC project – available to all via software-as-a-service. Overledger Platform makes the same enterprise-grade technology, the same interoperability core, the same secure smart contracts and the same issuance, secure bridging and atomic settlement functionality that have underpinned Quant’s projects with institutional and central bank customers to-date, accessible to large enterprises, SMEs and developers for the first time.

Cboe Global Markets Advances 50th Anniversary Charitable Commitment And Announces $100,000 Donation To Human Rights Watch

Date 26/06/2023

Cboe Global Markets, Inc. (Cboe: CBOE), the world's leading derivatives and securities exchange network, today announced a donation of $100,000 to Human Rights Watch, a nonprofit focused on investigating and exposing human rights abuses across the world.

Cultural Evolution: How Culture Must Change To Meet Expectations, Speech By Emily Shepperd, UK Financial Conduct Authority Chief Operating Officer And Executive Director Of Authorisations, Delivered Online At The Westminster Business Forum

Date 26/06/2023

Highlights

• Regulations such as our Consumer Duty and our proposals for ESG are designed to meet the evolving demands of our markets and consumers.
• Firms should also ask tough questions when assessing fitness and propriety of staff in financial services.
• Culture is crucial for confidence and can dictate bottom lines.

EEX Develops Trading Platform For Hydrogen Markets And Signs Letter Of Intent With First Customer Hintco, A Subsidiary Of The H2Global Foundation

Date 26/06/2023

The European Energy Exchange (EEX) has developed a platform for the future technical implementation of sale auctions and other trading instruments for hydrogen and its derivatives, aimed at both governmental and commercial players. EEX will provide and operate the platform on behalf of these actors.

New Document From COX ENERGY About Its Listing On BME Growth

Date 26/06/2023

• It is the fifth company to register a Document of Incorporation on this BME market in 2023 and the first to be listed on both BME Growth and the Mexican Stock Exchange

FP Markets Awarded 'Best Trade Execution' And 'Most Transparent Broker' At The Ultimate Fintech Awards APAC 2023

Date 26/06/2023

FP Markets, a leading Forex and CFDs broker, has been crowned 'Best Trade Execution' and 'Most Transparent Broker' at the prestigious Ultimate Fintech Awards APAC 2023 on 23 June. The much sought-after awards mark the establishment of FP Markets as a primary Forex and CFDs broker in Asia. These awards mark a strong start to 2023 for FP Markets, having already been awarded the 'Best CFD Broker in Africa' at the FAME Awards 2023 earlier in the year and following an impressive series of accolades in 2022.

Prescient Launches White-Label ETF Fund Platform In South Africa

Date 26/06/2023

Prescient Management Company (RF) (Pty) Ltd (Prescient)this week announced the launch of its newly approved co-named exchange-traded fund (ETF) platform, which will initially launch with three index-tracking ETFs, adding to its existing collective investment schemes, being Traditional Funds, Retail and Qualified hedge fund co-named platforms.

The Payments Association Issues Open Letter To Lord Johnson, UK Minister Of State For Investment, Department For Business & Trade

Date 26/06/2023

Today, The Payments Association issued an open letter to Lord Johnson, Minister of State for Investment, Department for Business & Trade to highlight the concerns and unintended consequences of some of the new policies to reduce Authorised Push Payment (APP) fraud scams (a £485 fraud problem).

BIP Group Announce Partnership With Credo AI

Date 26/06/2023

Today, BIP Group have announced a partnership with Credo AI to help clients address the emerging need to govern AI solutions responsibly.