“We urge the CFTC to refrain from crafting new regulations that generally regulate AI because this approach presents certain well-known pitfalls. By approaching the issue from the perspective of AI as a technology, rather than the use case for the technology, corresponding regulations would likely necessitate a definition of AI. We anticipate that any attempt to properly define AI would be very challenging and require considerable resources.”

The Financial Commission, a self-regulatory compliance specialist for the financial services industry, is ramping up its scrutiny of unregulated brokerage firms. Today, the independent association warned against a company called Eplanet Brokers.

“The crypto winter had a huge impact across the industry, and GCEX was no exception. However, in response to the decline in revenue, we have been resilient and adaptive, navigating our costs effectively and diversifying revenue streams such as introducing staking services for institutional and professional clients.”

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The U.S. Securities and Exchange Commission (SEC) has postponed its decision on whether to authorize options trading on spot bitcoin ETFs, extending the review period by an additional 45 days. The new deadline for the SEC’s decision is now set for May 29, 2024.

The Fintech sector is experiencing significant growth, with fresh opportunities emerging rapidly.  Innovations such as machine learning and cryptocurrency are revolutionising finance, leading to a need for trained experts.

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The retail FX industry has rapidly evolved in the last 15 years so it’s no wonder that systems purchased or developed over the last 10 to 15 years are no longer fit for purpose. Patching up tech stacks is not the answer. The way forward for brokers is to streamline their operations with SaaS-based, customisable, consolidated tech stacks.

FV Bank now lets clients deposit euros directly into USD accounts, streamlining international business banking and offering a wider range of deposit options for its global clientele.

In recent years, the integration of cryptocurrency payments within the realm of Forex trading has surged dramatically. This transition signifies a profound shift in the financial landscape, offering a wide range of benefits for both brokers and traders alike.