Connect with us

Blockchain

CAPEX.com Embraces Top-Tier Regulatory Reporting Framework

CAPEX.com is working closely with MAP FinTech to ensure clients’ best safety standards while making trading safer.

Avatar

Published

on

MAP FinTech is a member of MAP S.Platis Group, a leading financial services consultancy group in the region that maintains one of the largest and most experienced teams of financial services compliance experts in the EU.

Supporting a robust regulatory environment, CAPEX.com benefits from MAP FinTech’s innovative and comprehensive regulatory reporting solutions, including but not limited to:

  • Best Execution Monitoring – helping firms achieve extensive control and transparency over their order execution practices.
  • Trade Surveillance – post-transaction analysis solution to detect suspicious trading activity in equities, fixed income, foreign exchange, CFDs and other derivatives.
  • CRS Reporting (Common Reporting Standard) – reportable information about their clients’ tax obligations to construct the CRS annual report and submit it to the relevant competent authority prescribed by CRS’s applicable provisions.
  • FATCA Reporting – reportable information about clients that are U.S. taxpayers holding financial assets outside the United States.

Additionally, MAP FınTech offers MiFIR and EMIR reporting services. Both are laws through which The European Securities and Markets Authority (ESMA) regulates investment services in member states of the European Economic Area.

The European Market Infrastructure Regulation (EMIR) regulation focuses on reducing systemic risk and preventing future financial system collapses. The Markets in Financial Instruments Regulation (MiFIR) is a set of rules created alongside the MIFID II directive.

It focuses on detecting market abuse, strengthening investor protection, and increasing the financial markets’ efficiency and transparency.

MAP FinTech has managed to combine the compliance and technology functions successfully and innovatively with both of its teams working in close unison.

This allows the company to be flexible, efficient, and effective in supporting the many new, demanding, and dynamic requirements of the global RegTech world. All MAP FinTech’s solutions are delivered under a single and powerful platform, the Polaris Platform.

Christina Koullapi, Executive Director at Key Way Investments Ltd, the company operating CAPEX.com under its CySEC regulation, comments on the vital role of keeping up to date with the latest regulatory requirements: 

“We fully acknowledge the importance of staying absolutely compliant with the industry-standard regulatory framework established by the markets’ top authorities, and MAP FinTech is a key partner for us in that regard. By adopting a transparency and trust focused mindset, they help us achieve the very best standards of security for our clients at all times, and top standards of financial services.”

Panayiotis Omirou, CEO of MAP FinTech comments: “We are very happy to cooperate with an esteemed organization such as CAPEX.com. With our deep expertise and innovative solutions, CAPEX.com can simplify compliance and efficiently manage several regulatory requirements thus reducing operational burden as well as minimizing the risk of non-compliance. At the same time, remaining compliant with its regulatory requirements enables CAPEX.com to maximize investor protection”.

CAPEX.com – putting the client’s benefits in the first place

Also, CAPEX.com offers extra protection for all clients by being a member of the Investor Compensation Scheme (ICF). Under this scheme, client funds are required to be deposited in segregated bank accounts separate from the broker’s operational funds.

“Since the beginning, CAPEX.com has established a clear goal: to build creative solutions for traders worldwide and develop new ways for them to invest through a secure trading platform. Through our vast CFDs offer, we give investors the possibility to trade price movements without selling or buying the underlying asset, appealing to any trader,” added Christina Koullapi.

About MAP FinTech

MAP FinTech is a leading and award-winning regulatory technology provider for the financial services industry, specialising in reporting solutions arising from the requirements of several complex and challenging international regulations such as EMIR, MiFID II/MiFIR, SFTR, FATCA, DAC6 and CRS. MAP FinTech also provides innovative and comprehensive solutions for Best Execution Monitoring, RTS 27/28 reporting, AML Transaction Monitoring and Screening, Trade Surveillance (Market Abuse), and eKYC (Screening, eIDV, Document Authentication).

For more information, you can visit www.mapfintech.com. You can also follow MAP FinTech on Twitter and LinkedIn.

About CAPEX.com

CAPEX.com is a leading global trading platform providing its users with the expert insights, tools, and resources necessary to make markets accessible to a worldwide audience and offering a tailor-made trading experience.

Its professional trading platforms, robust technological infrastructure, and transparent trading conditions have propelled it as one of the most respectable brokers on the international stage.

Anchored by a global presence and regional expertise, CAPEX.com holds operating licenses from Cyprus Securities and Exchange Commission, Abu Dhabi Global Market Financial Services Regulatory Authority, and the Financial Sector Conduct Authority in South Africa.

Please visit www.capex.com and follow CAPEX.com on TwitterLinkedInFacebook, and Instagram for more details and insights.

Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://www.financemagnates.com/thought-leadership/capex-com-embraces-top-tier-regulatory-reporting-framework/

Blockchain

CBDCs Are Not That Stable And May Eventually Kill Bitcoin, Says Financial Expert

Financial journalist Edward Chancellor predicted that launching central bank digital currencies can be catastrophic for Bitcoin.

Avatar

Published

on

Edward Chancellor – a British journalist and financial historian, explained that the first central bank digital currencies are likely to raise inflation which can lead to the destruction of Bitcoin. He agreed that CBDCs are ”cool” but certainly not stable.

CBDCs Would Mean The End Of BTC

Nowadays, many central banks of numerous leading economies such as China, Japan, and the US, are researching the option of launching their own CBDC. In a recent interview for Reuters, Edward Chancellor opined that central bank digital currencies are highly risky projects.

He said that CBDCs might even kill Bitcoin. Chancellor explained that it is much easier to distribute and ”print” digital currencies rather than cash, and that will cause an utterly high level of inflation.

He then added that in order to solve the issue, the governments and central banks would have to fix the emission of their digital coins – which number would be much higher than 21 million bitcoins:

”When banks get it right with CBDCs this will kill Bitcoin.”

The historian analyzed that changes in the form of money are normal and have happened multiple times in the past. As an example, he pointed to the paper money which once replaced metal coins. Chancellor predicted that in the process of the financial revolution, digital currencies would invade the world, but he opined that Bitcoin would not be among one of them.


ADVERTISEMENT

In conclusion, the journalist said that central bank digital currencies are ”cool” as a project but can not qualify as stable.

Deutsche Bank on CBDCs

Recently, the multinational investment banking giant – Deutsche bank – shared similar thoughts. The CIO of the German institution – Christian Nolting – predicted that CBDCs could damage Bitcoin’s role as a payment instrument. He also suggested that the primary cryptocurrency could serve as a store of value.

According to Nolting, the crypto industry is ”here to stay.” On the other hand, he warned that ”governments and more digitally-aware populations might ultimately prefer to go with CBDCs,” instead of relying on the decentralized nature of BTC. Furthermore, some potentially harming legislative frameworks developed by world regulators could reduce digital assets’ chances of serving as international payment instruments:

”A widespread introduction of CBDCs accompanied by higher regulation of cryptocurrencies could create a more challenging environment for crypto assets as some of their advantages compared to traditional financial assets would fade in the longer term.”

SPECIAL OFFER (Sponsored)

Binance Futures 50 USDT FREE Voucher: Use this link to register & get 10% off fees and 50 USDT when trading 500 USDT (limited offer).

PrimeXBT Special Offer: Use this link to register & enter POTATO50 code to get 50% free bonus on any deposit up to 1 BTC.

You Might Also Like:


Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://cryptopotato.com/cbdcs-are-not-that-stable-and-may-eventually-kill-bitcoin-says-financial-expert/

Continue Reading

Blockchain

CBDCs Are Not That Stable And May Eventually Kill Bitcoin, Says Financial Expert

Financial journalist Edward Chancellor predicted that launching central bank digital currencies can be catastrophic for Bitcoin.

Avatar

Published

on

Edward Chancellor – a British journalist and financial historian, explained that the first central bank digital currencies are likely to raise inflation which can lead to the destruction of Bitcoin. He agreed that CBDCs are ”cool” but certainly not stable.

CBDCs Would Mean The End Of BTC

Nowadays, many central banks of numerous leading economies such as China, Japan, and the US, are researching the option of launching their own CBDC. In a recent interview for Reuters, Edward Chancellor opined that central bank digital currencies are highly risky projects.

He said that CBDCs might even kill Bitcoin. Chancellor explained that it is much easier to distribute and ”print” digital currencies rather than cash, and that will cause an utterly high level of inflation.

He then added that in order to solve the issue, the governments and central banks would have to fix the emission of their digital coins – which number would be much higher than 21 million bitcoins:

”When banks get it right with CBDCs this will kill Bitcoin.”

The historian analyzed that changes in the form of money are normal and have happened multiple times in the past. As an example, he pointed to the paper money which once replaced metal coins. Chancellor predicted that in the process of the financial revolution, digital currencies would invade the world, but he opined that Bitcoin would not be among one of them.


ADVERTISEMENT

In conclusion, the journalist said that central bank digital currencies are ”cool” as a project but can not qualify as stable.

Deutsche Bank on CBDCs

Recently, the multinational investment banking giant – Deutsche bank – shared similar thoughts. The CIO of the German institution – Christian Nolting – predicted that CBDCs could damage Bitcoin’s role as a payment instrument. He also suggested that the primary cryptocurrency could serve as a store of value.

According to Nolting, the crypto industry is ”here to stay.” On the other hand, he warned that ”governments and more digitally-aware populations might ultimately prefer to go with CBDCs,” instead of relying on the decentralized nature of BTC. Furthermore, some potentially harming legislative frameworks developed by world regulators could reduce digital assets’ chances of serving as international payment instruments:

”A widespread introduction of CBDCs accompanied by higher regulation of cryptocurrencies could create a more challenging environment for crypto assets as some of their advantages compared to traditional financial assets would fade in the longer term.”

SPECIAL OFFER (Sponsored)

Binance Futures 50 USDT FREE Voucher: Use this link to register & get 10% off fees and 50 USDT when trading 500 USDT (limited offer).

PrimeXBT Special Offer: Use this link to register & enter POTATO50 code to get 50% free bonus on any deposit up to 1 BTC.

You Might Also Like:


Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://cryptopotato.com/cbdcs-are-not-that-stable-and-may-eventually-kill-bitcoin-says-financial-expert/

Continue Reading

Blockchain

Bitcoin Price Hit 11-Week Low: BTC Retesting The Lowest Weekly Close Since February

Bitcoin prices have fallen to their lowest levels since the end of February as momentum wanes and the bears start rousing from their six-month hibernation.

Avatar

Published

on

In early Sunday trading, BTC prices had fallen to their lowest levels for over 11 weeks, hitting $46,700 before a minor recovery.

The last time Bitcoin dropped to these levels was at the end of February during the second major correction of this ongoing rally. A rebound off that bottom sent prices above $60K for the first time in the two weeks that followed.

Later today, Bitcoin is going to close another weekly candle. In case the candle closes at those levels, this will become the worst weekly close since February 22nd, when BTC ended the week at $45,240, according to Bitstamp. Two weeks ago the weekly candle closed at $49,200, which the current lowest week close since February.

Second ‘Lower Low’ For Bitcoin

This time around, things feel slightly different and the bearish sentiment is returning to crypto-asset markets. Since its all-time high of $65K on April 14, Bitcoin has made a lower high and has now formed a second lower low on the daily chart, which is indicative of a larger downtrend developing.

Analyst ‘CryptoFibonacci’ has been eyeing the weekly chart which also suggests the bulls could be running out of steam.


ADVERTISEMENT

The move appears to have been driven by Elon Musk again with a tweet about Bitcoin’s energy consumption on May 13. Bitcoin’s fear and greed index has dropped to 20 – ‘extreme fear’ – its lowest level since the March 2020 market crash. At the time of press, BTC was trading at just under $48,000, down 4% over the past 24 hours.

Market Cap Shrinks by $150B

As usual, the move has initiated a selloff for the majority of other cryptocurrencies resulting in around $150 billion exiting the markets over the past day or so.

The total market cap has declined to $2.3 trillion after an all-time high of $2.5 trillion on May 12. Things are still high on the long term view but losses could accelerate rapidly if the bearish sentiment increases.

Not all crypto assets are correcting this weekend, and some have been building on recent gains to push even higher – although they are few in number.

Those weekend warriors include Cardano which has added 4.8% on the day to trade at $2.27 according to Coingecko. ADA hit an all-time high on Saturday, May 15 reaching $2.36, a gain of 54% over the past 30 days.

Ripple’s XRP is also seeing a resurgence with a 13% pump on the day to flip Cardano for the fourth spot. XRP is currently trading at $1.58 with a market cap of $73 billion. The only other two cryptocurrencies in the green at the time of writing are Stellar and Solana, gaining 3.7% and 12% respectively.

SPECIAL OFFER (Sponsored)

Binance Futures 50 USDT FREE Voucher: Use this link to register & get 10% off fees and 50 USDT when trading 500 USDT (limited offer).

PrimeXBT Special Offer: Use this link to register & enter POTATO50 code to get 50% free bonus on any deposit up to 1 BTC.

You Might Also Like:


Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://cryptopotato.com/bitcoin-falls-to-11-week-low-as-150-billion-exits-crypto-markets/

Continue Reading

Blockchain

Bitcoin Price Hit 11-Week Low: BTC Retesting The Lowest Weekly Close Since February

Bitcoin prices have fallen to their lowest levels since the end of February as momentum wanes and the bears start rousing from their six-month hibernation.

Avatar

Published

on

In early Sunday trading, BTC prices had fallen to their lowest levels for over 11 weeks, hitting $46,700 before a minor recovery.

The last time Bitcoin dropped to these levels was at the end of February during the second major correction of this ongoing rally. A rebound off that bottom sent prices above $60K for the first time in the two weeks that followed.

Later today, Bitcoin is going to close another weekly candle. In case the candle closes at those levels, this will become the worst weekly close since February 22nd, when BTC ended the week at $45,240, according to Bitstamp. Two weeks ago the weekly candle closed at $49,200, which the current lowest week close since February.

Second ‘Lower Low’ For Bitcoin

This time around, things feel slightly different and the bearish sentiment is returning to crypto-asset markets. Since its all-time high of $65K on April 14, Bitcoin has made a lower high and has now formed a second lower low on the daily chart, which is indicative of a larger downtrend developing.

Analyst ‘CryptoFibonacci’ has been eyeing the weekly chart which also suggests the bulls could be running out of steam.


ADVERTISEMENT

The move appears to have been driven by Elon Musk again with a tweet about Bitcoin’s energy consumption on May 13. Bitcoin’s fear and greed index has dropped to 20 – ‘extreme fear’ – its lowest level since the March 2020 market crash. At the time of press, BTC was trading at just under $48,000, down 4% over the past 24 hours.

Market Cap Shrinks by $150B

As usual, the move has initiated a selloff for the majority of other cryptocurrencies resulting in around $150 billion exiting the markets over the past day or so.

The total market cap has declined to $2.3 trillion after an all-time high of $2.5 trillion on May 12. Things are still high on the long term view but losses could accelerate rapidly if the bearish sentiment increases.

Not all crypto assets are correcting this weekend, and some have been building on recent gains to push even higher – although they are few in number.

Those weekend warriors include Cardano which has added 4.8% on the day to trade at $2.27 according to Coingecko. ADA hit an all-time high on Saturday, May 15 reaching $2.36, a gain of 54% over the past 30 days.

Ripple’s XRP is also seeing a resurgence with a 13% pump on the day to flip Cardano for the fourth spot. XRP is currently trading at $1.58 with a market cap of $73 billion. The only other two cryptocurrencies in the green at the time of writing are Stellar and Solana, gaining 3.7% and 12% respectively.

SPECIAL OFFER (Sponsored)

Binance Futures 50 USDT FREE Voucher: Use this link to register & get 10% off fees and 50 USDT when trading 500 USDT (limited offer).

PrimeXBT Special Offer: Use this link to register & enter POTATO50 code to get 50% free bonus on any deposit up to 1 BTC.

You Might Also Like:


Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://cryptopotato.com/bitcoin-falls-to-11-week-low-as-150-billion-exits-crypto-markets/

Continue Reading
Blockchain42 seconds ago

CBDCs Are Not That Stable And May Eventually Kill Bitcoin, Says Financial Expert

Blockchain46 seconds ago

CBDCs Are Not That Stable And May Eventually Kill Bitcoin, Says Financial Expert

Blockchain1 min ago

Bitcoin Price Hit 11-Week Low: BTC Retesting The Lowest Weekly Close Since February

Blockchain2 mins ago

Bitcoin Price Hit 11-Week Low: BTC Retesting The Lowest Weekly Close Since February

Blockchain3 mins ago

North Dakota City to Accept Cryptocurrencies for Utility Bill Payments

Blockchain3 mins ago

North Dakota City to Accept Cryptocurrencies for Utility Bill Payments

Blockchain3 mins ago

Bitcoin Mining Company Vows to be Carbon Neutral Following Tesla’s Recent Statement

Blockchain3 mins ago

Bitcoin Mining Company Vows to be Carbon Neutral Following Tesla’s Recent Statement

Blockchain4 mins ago

Bitcoin Proponents Against Elon Musk Following Heated Dogecoin vs Bitcoin Tweets

Blockchain12 mins ago

Mining Bitcoin: How to Mine Bitcoin

Blockchain12 mins ago

Mining Bitcoin: How to Mine Bitcoin

Aviation20 mins ago

Throwback: easyJet’s Summer Of Boeing 757 Operations

Blockchain26 mins ago

PlotX v2 Mainnet Launch: DeFi Prediction Markets

Blockchain27 mins ago

Bitcoin Price Hit 11-Week Low: BTC Retesting The Lowest Weekly Close Since February

Blockchain28 mins ago

North Dakota City to Accept Cryptocurrencies for Utility Bill Payments

Blockchain29 mins ago

Bitcoin Mining Company Vows to be Carbon Neutral Following Tesla’s Recent Statement

Blockchain29 mins ago

Bitcoin Proponents Against Elon Musk Following Heated Dogecoin vs Bitcoin Tweets

Blockchain30 mins ago

U.S. City to begin accepting crypto payment for utility bills

Blockchain30 mins ago

U.S. City to begin accepting crypto payment for utility bills

Blockchain37 mins ago

Mining Bitcoin: How to Mine Bitcoin

Aviation46 mins ago

Breeze Receives Government Approval, Remains Mum On Routes

Blockchain50 mins ago

Ethereum, Ethereum Classic, Bitcoin Cash Price Analysis: 16 May

Blockchain50 mins ago

Ethereum, Ethereum Classic, Bitcoin Cash Price Analysis: 16 May

Blockchain50 mins ago

Ethereum, Ethereum Classic, Bitcoin Cash Price Analysis: 16 May

Blockchain50 mins ago

Ethereum, Ethereum Classic, Bitcoin Cash Price Analysis: 16 May

Blockchain1 hour ago

Bitcoin crisis, Elon Musk criticized, Ether thrives, Dogecoin survives: Hodler’s Digest, May 9–15

Cleantech1 hour ago

Peugeot Shines in Hot French Plugin Electric Vehicle Market — Charts

Blockchain2 hours ago

Elon Musk On Why Dogecoin is Superior to Bitcoin

Crowdfunding2 hours ago

Ethereum Smart Contracts will be Supported with Ontology EVM-Integrated Design Nearing Completion: Report

Crowdfunding2 hours ago

Ethereum Smart Contracts will be Supported with Ontology EVM-Integrated Design Nearing Completion: Report

Trending