REGULATION
AMF: Beware of Crypto Training Providers!
The Autorité des marchés financiers (AMF) issued an announcement on April 9 to warn the operations of KUVERA LLC/KUVERA France. The company provides training courses and software solutions to promote “highly speculative” trading products among young adolescents, which includes trading cryptocurrencies and forex products. Besides, KUVERA offers subscribers compensation that automatically increases with number of subscribers recruited, which is strictly prohibited in France.
Yonghui, Hema among supermarkets singled out by China's food safety watchdog for breaches
Market regulator highlights 11 cases where supermarkets and online platforms sold food products that did not meet national food safety standards
100 Million: You Can Apply Swiss New FinTech licence Permitting to Accept Public Deposits of Up to 100 Million Next Year
From 2019, interested parties can apply for the new FinTech licence. The Swiss Financial Market Supervisory Authority FINMA is responsible for granting this licence. It has published guidelines aimed at simplifying the application process.