Milk is milk and a cow is a cow, so why does CySec allow FX and binary companies to use misleading names?
Moooooving the regulatory remit forward, there would be no room for ambiguity under any udder circumstances
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US and South Korea seek extradition of Luna founder Do Kwon
Both US and South Korean officials are seeking to extradite Terraform Labs CEO Do Kwon, just hours after he was arrested in Montenegro.
Retail FX 
Pepperstone UK doubles profit, client assets in 2022
The London-based entity of Australian FX broker Pepperstone has reported its financials for the fiscal year ending June 30, 2022. The group had outperformed the last year’s flat performance, having doubled revenues and boosted the broker’s bottom line and shareholders’ fortunes.
Institutional FX 
CLS FX volume rises to just shy of $2 trillion in February
Foreign exchange settlement provider, CLS Group saw strong volumes in February 2023 as the banking crisis continues to weigh on a world economy that’s yet to fully recover from the Russia-Ukraine war’s shocks.
Digital Assets 
Binance restores trading after 2-hour outage
Binance suffered a breakdown on its trading engine that lasted for about two hours, but the premier cryptocurrency exchange finally managed to restore normal operations at around 14:00 UTC.
Digital Assets 
Tether earns $700 million in Q1, taking excess reserves to $1.6 billion
Tether chief technology officer Paolo Ardoino said the world’s largest stablecoin issuer expects to earn more than $700 million in the January-Mach quarter, which will be added to the reserve backing its stablecoin (USDT).
Digital Assets 
Narwhal Finance Secures $1M in Seed Funding Led by Animoca Ventures
Narwhal Finance received strong support from Animoca Ventures and angel investors in a $1 million seed funding round, reinforcing the company’s vision of providing an accessible platform to all.
Technology 
SteelEye tries ChatGPT for market surveillance
This capability can be used as a starting point for initiating a surveillance investigation and to standardize workflow processes to boost the throughput and consistency of cases. It is also useful when analyzing communications in foreign languages, as the system returns the above insights in English regardless of the languages being used.
Industry News 
SEC charges ex-Morgan Stanley advisor of NBA players after $13m fraud
Darryl Matthew Cohen was arrested this week and is facing three different federal counts of fraud, which could amount to 20 years in prison if convicted, besides the SEC complaint.
Industry News 
AWS FinTech Africa Accelerator launched, applications until April 27, 2023
Founders will be offered tech resources, expert guidance, and a global network of industry leaders, technologists, entrepreneurs, investors, associations, and partners, in order to build their fintech products.
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