Lagarde has once again called for regulation, following her previous statement on stablecoins. This time the president turns her
attention towards Bitcoin – stating the dire need for regulation of the
sector. And although some policies have been implemented – brokers that
accept Bitcoin deposits generally follow strict Anti-Money Laundering
procedures, Lagarde does not see this as enough. She states that “There
has to be regulation. This has to be applied and agreed upon at a global
level because if there is an escape that escape will be used”.
2. IQ Option faces lawsuit in India over crypto fraud allegations. The lawsuit demands a permanent ban of the brokerage from operating in
India.
3. The Australian Securities and Investments Commission (ASIC) is going to implement restrictions on the retail contract for difference
(CFDs) market. Their impact on the trading market can be huge as the
leverage levels will be restricted up to 30:1 from the usual existing
offerings of 400:1 on major currency pairs.
4. The Commodity Futures Trading Supervisory Agency of the Ministry of Trade Indonesia (Bappebti) has again blocked the Binomo
website. Bappebti also blocks other Binomo 'flocks' such as the All
forex bonus, Axi Trader, FBS, Cm Trading, and many more. This site is
considered a fraudulent investment because it does not have a permit
from the government.
5. Bitkub, the largest cryptocurrency exchange in Thailand, has temporarily suspended its services on the desktop platform on Tuesday
after receiving a notice from the countrys financial regulator to fix
the frequent outage issues.
6. The Stock Exchange of Thailand (SET) announced that it is planning to introduce a trading platform for asset-backed digital tokens
in the second half of 2021. The exchange completely rejected the
possibility of the inclusion of cryptocurrencies because of their risky
nature and potential involvement in money laundering activities.
7. The table below serves as a monthly transactions summary of retail Over-The-Counter (OTC) currency binary options reported by
Financial Futures Association of Japan (FFAJ) members. (Up-to-Date: Jan
18,2021)
8. The Central Bank of the Russian Federation, as a financial regulator, prohibited the QIWI and YuMoney payment systems from
interacting with financial companies that have non-resident status.
9. The Comon Index (CI), which reflects the average daily profitability of all strategies of the auto-following service Comon.ru,
sets a new record at the level of 173.87 points by the end of 2020, and
significantly surpassed the Moscow Exchange and S & P500 indices in
profitability. In just a year, CI added 34%, being 4 times more
profitable than the Moscow Exchange Index and 2 times more than the
S&P 500 (8% and 17%, respectively).
