FinTelegram | FinTelegram News

Category: FinTelegram

September 11, 2022

FINMA-Licensed Klarpay Is Focused On Digital Merchants And Influencers!

Klarpay claims to be the first FINMA-licensed Swiss fintech to work exclusively with e-commerce, digital merchants, and social media influencers offering cross-border payment acceptance and remittance solutions, including access to multi-currency IBAN accounts, global payment acceptance, and digital disbursement services. Founded in 2019 by the BDSwiss co-founder Mihkel Vitsur, Klarpay was one of the first Swiss fintech's obtaining a banking license under the news Small Banks Regime. Here is our initial review.

FinTelegram

September 8, 2022

A Scammer’s Dream: The Chronic Uselessness Of The UK Companies House!

Scammers love UK companies. We know that. This nice little house in South London and another house around the corner have been used as the registered office for some 100 Chinese-controlled companies formed over just the past couple of weeks, Andrew Penman, an investigative Mirror journalist, and Companies House investigator Graham Barrow disclosed. The woman living there says that she knows nothing about them. According to Mirror, this is further proof of the "chronic uselessness" of the UK Companies House.

FinTelegram

August 28, 2022

Urgent Warning Against Funds Recovery Scheme Fundspayback!

Recently, the allegedly California and London-based fund recovery specialist FundsPayBack presented itself via a press release as an investigative company that could recover money from clients of various scams. Allegedly FundsPayBack has been in business for 25 years and has recovered nearly $41 million for 5,000 victims. The fact is that this scheme has only been active since January 2022 and works with fake reviews on Trustpilot. We believe it is a scam. Stay very far away.

August 22, 2022

Trading Tokenized Stocks And Regulation – FTX v DeFiChain!

Trading tokenized shares are currently all the rage on crypto exchanges. The aim is to indirectly offer customers trading with traditionally listed shares such as Apple, Microsoft, or Tesla without the intermediation of brokers and low fees. We think tokenized shares also qualify as securities and require a license. While FTX trades tokenized shares through its CySEC-regulated subsidiary K-DNA Financial Services Ltd and other regulated entities, Julian Hosp's DeFiChain operates without regulatory permission. Here's a quick comparison.

August 18, 2022

SEC Continues War On Crypto With Complaint Against Dragonchain!

The U.S. SEC continues its fight against the largely unregulated crypto scene. The U.S. regulator sees many tokens as securities requiring registration and filed a complaint against the Dragonchain crypto scheme and its crypto asset, Dragon (DRGN). The SEC considers the Dragon to be a security, and, consequently, its issuance should have been registered with the SEC. Critics counter that the SEC has failed to issue clear regulatory rules for the crypto scene but acts via enforcement actions.

August 15, 2022

Introducing Highly Rated Maltese Broker Deriv And Its Offshore Approach!

On Trustpilot, Deriv, the online broker founded by Jean-Yves Sireau in Malaysia in 1999, receives an impressive 4.5-star rating based on nearly 15,000 reviews. Deriv operates globally with various legal entities and has more than one million clients and more than 1.8 million trading accounts. In Europe, Deriv operates through MFSA-regulated Deriv Investments (Europe) Ltd. According to Similarweb, Deriv focuses on Brazil and South Africa, where nearly 25% of the website's 5.8 million visits are sourced.

FinTelegram

August 12, 2022

Attention! Notorious Payomatix, Ruchi Rathor, And Their Indian Network Event!

Payomatix is a part of the high-risk payment processing empire of the notorious British-Indian Ruchi Rathor and its iPayTotal Group. Payomatix claims to be a PayTech startup revolutionizing the Indian payment industry through an innovative API platform. On LinkedIn, Payomatix is currently promoting its Founder Investor Networking Q3 event to be held in August 2022 in India. Ruchi Rathor will also be a speaker at this event. She certainly has a lot to tell!

FinTelegram

August 10, 2022

Mastercard And Discoer May Also Be Sued In The PornHub Court Battle [Video]

In a recent interview by attorney Lauren Tabaksblat, one of the two Brown Rudnick partners leading the case against Visa and the Pornhub operator MindGeek warned Mastercard and Discover that they would be sued as well. In a landslide ruling last week, a U.S. judge said that Visa may have helped Pornhub “monetize child porn.” Since then, Visa and the credit card companies have not been able to escape criticism. They would knowingly and willingly support illegal activities like child porn with their payment services.

August 3, 2022

PayPal Appoints Blake Jorgensen As New Chief Financial Officer!

With its Q2 results, PayPal announced Blake Jorgensen as its next finance chief, succeeding John Rainey, who left the digital payments giant earlier this year for the same role at Walmart. Jorgensen’s appointment takes effect Wednesday, PayPal said in a press release. He most recently served as CFO for about a decade at videogame maker Electronic Arts. Before that, he served as finance chief at Levi Strauss & Co. Jorgensen will be tasked to monitor the $900 million of cost savings expected to be realized in FY'22.

August 2, 2022

Consob Monday! Italian Regulator Orders Black-Our Of 3 Financial Websites!

On Monday, the Italian regulator Consob ordered the black-out of four illegal financial websites, increasing the total number of black-out orders to 744. All blocked websites offer illegal Forex, CFD, or crypto brokerage services. Consob has also prohibited the offer to the public residing in Italy of Enercom Tokens promoted by Enercom AG through the website www.enercom.ag.

July 28, 2022

Fighting Inflation: US Fed Lifts Rates by 0.75 Point Again!

The U.S. Federal Reserve continued to reverse its easy-money policies by approving another unusually large interest rate increase and signaling that more rises were likely coming to combat inflation at a 40-year high. According to WSJ, FED officials decided to lift the benchmark federal-funds rate to a range between 2.25% and 2.5%. However, markets rallied after the meeting because Fed Chairman Jerome Powell offered fewer specifics about the magnitude of upcoming rate rises and hinted at an eventual slowdown.

FinTelegram

July 26, 2022

Early Warning! Offshore Broker MiralFX Ante Portas!

Our FinTelegram scouts systematically monitor regulatory announcements and company books across the diverse global regimes. MiralFX LLC was registered in St. Vincent & The Grenadines on June 23, 2022. This is the operator of the soon-to-come MiralFX (www.miralfx.com). Currently, only the front website is online with no links and pages working. The corporate agents Euro-Caribbean Trustees Ltd registered the offshore entity. Stay tuned for more details.