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DGCX Registers Strong Interest in G6 Currencies and Silver Futures in October

Dubai Gold and Commodities Exchange (DGCX

The Dubai Gold and Commodities Exchange (DGCX) continued its strong growth trajectory during the month of October, with its G6 currencies portfolio a standout performer during the month

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CFTC and South African Reserve Bank Announce Cooperative Effort to Promote Fintech Innovation

South African Reserve Bank (SARB)

The Commodity Futures Trading Commission and the South African Reserve Bank (SARB) today announced they have signed a Statement of Intent to cooperate and support innovation through each authority’s respective financial technology (fintech) initiative

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RBA partners with Commonwealth Bank, National Australia Bank, Perpetual and ConsenSys Software on Wholesale Central Bank Digital Currency Research Project

RBA

The Reserve Bank today announced that it is partnering with Commonwealth Bank, National Australia Bank, Perpetual and ConsenSys Software, a blockchain technology company, on a collaborative project to explore the potential use and implications of a wholesale form of central bank digital currency (CBDC)

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FX execution algorithms contribute to market functioning but bring new challenges

BIS FX execution green bond

Execution algorithms - designed to buy or sell a predefined amount of foreign exchange according to a set of user instructions - have seen a rise in usage amid an increasingly decentralised and fragmented trading environment

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Federal Court Orders Pennsylvania Man and His Companies to Pay More Than $1.2 Million in Forex Trading Scheme

CFTC manipulation

The Commodity Futures Trading Commission today announced that the U.S. District Court for the Eastern District of Pennsylvania entered an order of default judgment finding that Michael Salerno

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Wirecard can resume regulated activity

FCA derivative cryptoasset

On 29 June 2020, the FCA provided written consent to allow Wirecard to resume issuing e-money and providing payment services. The restriction on activities will lift at 00.01 on 30 June 2020.

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New York proposes making it easier to use cryptocurrency

NYDFS

New York’s financial regulator on Wednesday proposed new licensing rules that would make it easier for companies to engage in cryptocurrency business — using such digital currencies as bitcoin — in the state.

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SEC Emergency Action Halts Brothers’ Cryptocurrency Offering Fraud

Securities and Exchange Commission suspended trading cherry-picking

The Securities and Exchange Commission today announced that it filed an emergency action and obtained a temporary restraining order and asset freeze against two Pennsylvania-based brothers and three entities they control to stop an offering fraud and the misappropriation of investor proceeds.

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Ongoing Global Uncertainty Sees DGCX G6 Currency Volumes Continue Upward Trajectory

DGCX

Increased trading activity in G6 currency portfolio comes ahead of launch of three FX Rolling Futures Contracts in July.

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MAS Launches S$1.75 Million FinTech Innovation Challenge for a Covid-Resilient and Greener Financial Sector

MAS digital banks risk management Hackcelerator

Singapore, 8 June 2020… The Monetary Authority of Singapore (MAS) announced today the launch of a S$1.75 million MAS Global FinTech Innovation Challenge. The competition will seek innovative solutions that can help financial institutions respond to two critical global challenges: COVID-19 and climate change.

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