Cypriot regulator withdraws CIF authorization of Postscriptum Capital

Maria Nikolova

CySEC has decided to withdraw the license of Postscriptum Capital Ltd, due to the company’s decision to renounce it.

The Cyprus Securities and Exchange Commission (CySEC) today announces that, at its meeting held on September 9, 2019, it has decided to withdraw the Cyprus Investment Firm (CIF) authorisation of Postscriptum Capital Ltd.

The regulatory move reflects the company’s decision to expressly renounce the authorization.

An announcement on Postscriptum Capital’s website says:

“Dear Valued Client,

We would like to inform you that Postscriptum Capital Ltd (hereafter the “Company” or “Postscriptum”) with license number 284/15 has decided to proceed with the voluntary withdrawal of its Cypriot Investment Firm authorization.

In this respect, please note that the domains, http://ps.capital , , and http://pscapital.eu ,operated by the Company for informative purposes only, will cease their operations subject to the Company’s decision to proceed with the withdrawal of its CIF authorization.

All the Company’s clients will be notified independently via email for further actions in relation to their account(s).

The aforesaid termination does not affect in any way your right to terminate your agreement either now or at a later stage by requesting the closure of your trading account and withdrawal of your available balance. Kindly note that trades/withdrawal requests and closure of trading accounts shall be made, in writing, the latest by 31.10.2018

Due to the immediate actions that need to be undertaken, the Company will ensure that closing of accounts, as well as withdrawal requests will be dealt with immediately.

It shall be clarified that the Company is fully aware of the legal requirements and obligations in relation to the renouncement of its license and will proceed with all the necessary actions that are required to be taken.

Please contact us directly at the following details in case you need any further clarifications.

Email: [email protected]

Phone: +357 25 023934

We remain at your disposal.

Kind regards

Irakli Chaduneli / CEO

Postscriptum Capital Limited”

The Cyprus Investment Firm authorization of Postscriptum Capital Limited (number 284/15) dated 23.11.2015 allowed it to provide investment services, such as reception and transmission of orders in relation to one or more financial instruments, execution of orders on behalf of clients, portfolio management, investment advice and also ancillary services, such as safekeeping and administration of financial instruments, including custodianship and related services, granting credits or loans to one or more financial instruments, where the firm granting the credit or loan is involved in the transaction, foreign exchange services where these are connected to the provision of investment services, investment research and financial analysis or other forms and investment services and activities as well as ancillary services where these are connected to the provision of investment or ancillary services.

Read this next

blockdag

Top Bullish Crypto: Fetch.ai & Pepe Coin Price Surge, But BlockDAG Sees Investor Rush as X Series Miners Stand Out

Compare Fetch.ai (FET) Bull Run, Pepe Coin price, and top bullish crypto BlockDAG. Discover why BlockDAG’s innovation and growth potential make it the best choice.

Digital Assets

Coinbase resumes XRP trading in New York after nine-month hiatus

Coinbase has resumed trading for XRP in New York, the company’s chief legal officer, Paul Grewal, announced on Thursday. This comes after a nine-month suspension of the cryptocurrency on the exchange due to regulatory scrutiny.

Institutional FX

Swissquote joins Fortex Hub to expand liquidity distribution

ECN trading platform and technology provider, Fortex Inc. has announced a new integration with Swissquote Group, Switzerland’s provider of online trading services.

Chainwire

Multipool Enters Partnership with Mobilum Offering Users Fiat to DeFi On/Off Ramp

Multipool, a leading innovator in the blockchain and cryptocurrency industry announces a corporate partnership with Mobilum.

Retail FX

IC Markets taps TipRanks’ trading research tools

Sydney-based IC Markets has completed integration of TipRanks’s rating tools, which ranks analysts and financial bloggers based on their picks’ performance analysis, in a bid to provide its clients with new research capabilities.

Digital Assets

Gate.io shelves plan to operate in Hong Kong

Gate Digital Ltd (Gate HK) announced it is winding down operations and has withdrawn its application for a crypto trading platform license in Hong Kong.

Chainwire

Sui and Mesh Combine Forces to Bring Simplified Transactions Across the Sui Ecosystem

With the addition of the Mesh platform, Sui Wallet will achieve product parity with the world’s largest self-custody wallets, while Mesh now natively supports the SUI token

Market News, Tech and Fundamental, Technical Analysis

EURGBP Technical Analysis Report 23 May, 2024

EURGBP currency pair can be expected to rise further toward the next resistance level 0.8560.

Digital Assets

Bybit denies financial woes and hacking rumors

Ben Zhou, CEO of Dubai-based cryptocurrency exchange Bybit, has refuted circulating rumors that the platform has been hacked or is insolvent. Zhou addressed the speculations in a post on the social media platform X.

<