Vinson Financials renounces CySec license

Vinson FInancials, a retail FX brokerage which is based in Cyprus, has renounced its CySec license, as reported by the Cypriot regulatory authority. According to CySec, the regulatory license from CySec was renounced on May 23 this year, however the company’s operations would remain under the auspices of CySec until such time that it is […]

Vinson Financials renounces CySec license

Vinson FInancials, a retail FX brokerage which is based in Cyprus, has renounced its CySec license, as reported by the Cypriot regulatory authority.

According to CySec, the regulatory license from CySec was renounced on May 23 this year, however the company’s operations would remain under the auspices of CySec until such time that it is able to settle any liabilities arising from any investment services that the company has provided whilst licensed by CySec and until all such activities are terminated.

Vinson Financials continues to operate, and whilst the company’s website lists registered addresses in London, Belize, Wilmington Delaware and Limassol, no regulatory information is listed on the site.

The company’s main audience has been Russia and the former Soviet Union, now known as the Commonwealth of Independent States, and Vinson Financials’ website now states “Vinson Financials Group of companies does not offer Contracts for Difference to citizens of certain jurisdictions such as the United States of America, united Kingdom, European Union, Australia and Japan or any other jurisdiction where FX trading and/or CFD trading is restricted or prohibited by local regulatory bodies.”

Read this next

Digital Assets

US, UK probe $20 billion Tether transfers tied to Russian exchange.

U.S. and UK authorities are investigating the movement of $20 billion in the USD-pegged stablecoin tether (USDT) through Moscow-based exchange Garantex.

Digital Assets

BlockDAG Presale Raises $9.9M as Batch 5 Nears Sell-Out Amid Bonk’s Fluctuating Trading Volume & Spell’s Bullish Price

Explore BONK’s trading volume, SPELL’s market shifts, and why BlockDAG’s 10,000 ROI makes it an ideal crypto for savvy investors in 2024.

Digital Assets

Bybit expands into Europe amid regulatory scrutiny

Dubai-based cryptocurrency exchange Bybit is expanding its operations in Europe after encountering regulatory challenges in Hong Kong.

Digital Assets

Cathie Wood’s sponsored Bitcoin ETF sees historic $200 million inflows

The ARK 21Shares Bitcoin ETF (ARKB), co-sponsored by Cathie Wood’s ARK Invest, registered historic inflows exceeding $200 million on Wednesday, signaling a robust appetite among investors for Bitcoin-centric investments.

Digital Assets

Sam Bankman-Fried might see his 25-year sentence halved

Sam Bankman-Fried, the founder of the failed cryptocurrency exchange FTX, was sentenced to 25 years in federal prison by a Manhattan court on Thursday. This comes after he was convicted of defrauding customers and investors, with Judge Lewis Kaplan highlighting the potential future risks posed by Bankman-Fried.

Technical Analysis

EURJPY Technical Analysis Report 28 March, 2024

EURJPY currency pair under the bearish pressure after the pair reversed down from the major resistance level 164.25, which also stopped the sharp weekly uptrend at the end of last year,

Digital Assets

BlockDAG’s Presale Hits $9.9M, MultiversX & MINA Price Predictions Show Green

Read about BlockDAG’s promising $10 prediction and insights on MultiversX Price Prediction as MINA’s potential unfolds.

Digital Assets

Rockstar Co-Founder and All-star Line Up Join Advisory Board to Take Metacade into Post Beta Orbit

Metacade, the revolutionary Web3 gaming platform, prepares to streak out of beta with a slew of ground-breaking initiatives that will redefine the way blockchain games are developed.

Retail FX

Prop firm The Funded Trader shuts down, claims relaunch in April

Prop trading firm The Funded Trader has ceased all operations, with claims for a relaunch in the near future.

<