Brokers News 

GAIN Capital Adds to Broker Worries About Low Maximum Leverage

“The parent company of Forex.com and City Index, GAIN Capital, has announced the market open in the US, outlining its concerns about new upcoming ESMA regulations” reports financemagnates.com. GAIN Capital also highlights that client on-boarding protective measures available to ESMA and the FCA, including requiring enhanced screening of potential clients and higher capital requirements for brokers. Source: financemagnates.com Share This:

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News 

Can I See Some ID? – EU Rules Against Anonymous Transactions

“After more than a year of deliberation, the EU decided to outlaw anonymous cryptocurrency transactions on Friday, according to a report from Reuters” reports financemagnates.com. The currency came under suspicion because anonymous transactions were seen to have at least partly helped the coordination of the attacks escape the notice of security authorities. Source: financemagnates.com Share This:

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US, Canada to begin talks in 2018 on Columbia River Treaty

“A half-century-old agreement between the United States and Canada governing hydropower and flood-control operations along the Columbia River needs to be updated to deal with modern-day issues, such as environmental protections, said U.S. Sen” writes The Associated Press for seattletimes.com. Modernizing the treaty to balance flood control, hydropower generation and environmental protections could benefit both countries, said Sen. Source: seattletimes.com Share This:

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Japan backs nuclear deal, confirms no violation by Iran

“Under the nuclear deal, Iran is obliged to put limits on its nuclear activities in exchange for termination of economic and financial sanctions against Tehran” reports tehrantimes.com. However, U.S. President Donald Trump, in a statement issued on October 13, refused to certify Iran’s compliance to the nuclear deal and asked Congress to decide about the fate of the nuclear deal.Since the implementation of the nuclear deal the United Nations nuclear watchdog has issued nine regular reports each time confirming that Iran is abiding by the terms of the agreement.The nuclear…

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Markets News 

Destek Markets UK Signs Liquidity Partnership with m-Finance

“Destek Markets UK has continued its global outreach, this time strengthening its focus in Southeast Asia with a new liquidity partnership” reports financemagnates.com. We are glad that the partnership with Destek could offer our clients better liquidity with very competitive pricing,” added Mr.The deal with Desktek Markets UK satisfies a key need for the group, which will now garner liquidity for its brokerage clients.As such, the FX and contracts-for-difference (CFD) brokerage has inked an agreement with Hong-Kong based m-FINANCE. Per the new deal, m-FINANCE’s clients will gain access to Destek’s…

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FCA Warns Against Unauthorized Giant Global and Morgan Consultancy ‎Clone

“The FCA also exposed another fraudulent entity, this time bringing to light a clone that has been posing as affiliated entity of banking giant Morgan Stanley” reports financemagnates.com. The FCA reminded UK investors that clones employ the tactic of adopting a legitimate company’s name when they cold call potential victims.By extension, the group’s clone, Morgan Consultancy Group, is attempting to mislead investors into thinking that it is offering a legal product by using similar details of an authorised firm. Source: financemagnates.com Share This:

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Earth will likely warm way beyond the crucial tipping point that the Paris agreement was meant to avoid

“But according to a new report from Climate Tracker, an independent research group, we’re way off track to hit the target laid out in the Paris climate agreement” writes Jeremy Berke for businessinsider.com. In order to hit the targets laid out by the Paris agreement, global greenhouse gas emissions need to peak around 2020 then rapidly fall.And while the report notes that carbon dioxide emissions have flattened over recent years, it’s too soon to say that global emissions have peaked.Climate Tracker estimates that policies implemented in 2017 reduced their global…

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Crypto Markets News 

Ripple’s Market Cap Just Briefly Surpassed Bitcoin Cash

“The total market capitalization of Ripple has just briefly surpassed that of Bitcoin Cash” reports financemagnates.com. The currency rallied from about $0.006 at the start of the year and represents just over 6 percent of the total crypto market capitalisation.The market cap of the payments system/exchange/currency increased by about 18 billion this week to reach just over $30 billion. Source: financemagnates.com Share This:

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Crypto News 

Gibraltar Set to Provide License to Blockchain Firms

“This will attract blockchain firms to the peninsula, as the presence of regulatory rules will ensure their security” reports financemagnates.com. Gomez is expects that blockchain firms, probably numbering in the double digits, will seek the authorization of the regulated jurisdiction.On Friday, the Gibraltar Financial Services Commission (GFSC) will publish a detailed guideline describing the laws applicable to all blockchain-based firms within the territory. Source: financemagnates.com Share This:

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Crypto News 

South Korean Banks Stop Issuing Accounts for Crypto Trading, Ahead of a Ban

“The South Korean government crackdown on cryptocurrencies continues to intensify, causing many banks to stop issuing accounts that are required for crypto trading” reports financemagnates.com. Officials have been racing to create and implement regulations that will inhibit banks from dealing with crypto trading.All of these steps are being taken with the intent to limit the risks associated with the fast-expanding and relatively unknown field of crypto trading.The FSC has already placed a ban on ICOs within the country, and has cracked down on trading cryptocurrencies on credit.Some of the major…

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