Do crypto-asset service providers have MiFIR reporting obligations?

Do crypto-asset service providers have MiFIR reporting obligations?

To address the Money Laundering/Terrorism Financing (ML/TF) risks emanating from crypto-assets, the Cyprus Securities and Exchange Commission (CySEC) published a policy statement (PS) on 13 September 2021 to outline its approach to the registration and operations of Crypto Asset Services Providers (CASPs).

Are the tides starting to turn for CFD brokers? The FCA Cracks Down on Brokers’ Offshore Entities

Are the tides starting to turn for CFD brokers? The FCA Cracks Down on Brokers’ Offshore Entities

Following the footsteps of other major regulators, the UK, EU and Australia have implemented leverage restrictions on contracts for difference (CFDs) in recent years. In search of alternative solutions, some brokers have found a workaround by moving offshore or setting up branches in jurisdictions with no leverage restrictions. Mauritius, Seychelles, Cayman Islands, Vanuatu, Marshall Islands, and […]