The Advertising Standards Authority (ASA) said it was likely that consumers experiencing financial difficulties would see the ads and be “vulnerable to the implication that Coinbase and cryptocurrency could address their financial concerns”.
Regulations
There is no law or regulation in the US banning CFDs. It’s a myth based on a misunderstanding of the product and local rules.
The new license would mean that broker affiliates and IBs based in the UAE would have to get approval from the SCA to do business.
Global demand for speculative financial products continues to grow but European regulators seem determined to push clients offshore.
Prop regulations will kill the industry, not make it better. If we do need regulations, wouldn’t it be better if they were under gaming rules?
The National Stock Exchange of India’s attempt to force affiliates to become Approved Persons will push those people to work with unregulated firms.
ESMA could make the CFD industry work better by stopping passporting, meaning states capture more tax revenue and can hold companies in the sector accountable.
Want to start a forex broker in Labuan? Read this guide and learn how long it takes, what it costs, and what the regulations are.
Capital.com have probably been told by the FCA to stop providing some services. Also we look at ASIC and the surge in popularity of US options trading.
Roll out the prop shops
Also we look at Webull’s fine and options trading
There seems to be no point if you can go offshore