Regulation

ASIC Cancels AFS Licence of Velos Global Markets

ASIC Cancels AFS Licence of Velos Global Markets

Key Notes ASIC cancelled Velos Global Markets' AFS licence on 23 September 2025 due to inactivity since May 2024. The decision was made under section 915B(3) of the Corporations Act 2001 (Cth), reflecting ASIC’s enforcement of compliance obligations.   Velos Global Markets Pty Ltd is no longer authorised to provide…
Staff Writer By Staff Writer
03rd Oct 2025
Deriv Secures UAE SCA Licence, Accelerating Regional Growth

Deriv Secures UAE SCA Licence, Accelerating Regional Growth

Key Takeaways Deriv obtains UAE SCA licence for its new UAE entity, marking a major step in its regional expansion. Locally tailored services with AED accounts, swap-free trading, and Arabic/English in-app support aim to empower UAE traders. Global momentum continues with new licences in Mauritius and Cayman Islands, plus multiple…
Staff Writer By Staff Writer
02nd Oct 2025
Bahrain Introduces First GCC Framework for Stablecoins

Bahrain Introduces First GCC Framework for Stablecoins

Key Takeaways Bahrain becomes the first GCC country to issue detailed regulations for stablecoins, setting new regional standards. The framework requires issuers to be licensed, hold reserves in high-quality liquid assets, and undergo regular external audits. Analysts say the move positions Bahrain as a regional fintech hub, though compliance costs…
Staff Writer By Staff Writer
18th Sep 2025
Neex Secures Category 5 SCA Licence in the UAE

Neex Secures Category 5 SCA Licence in the UAE

Key Takeaways Neex has obtained a Category 5 licence from the UAE Securities and Commodities Authority (SCA). The licence encompasses regulated activities such as promotion and introduction in the UAE. It follows the opening of Neex’s Dubai representative office in 2024   Online trading broker Neex has announced that it…
Staff Writer By Staff Writer
15th Sep 2025
Admirals to Sell Jordanian Subsidiary as Part of Strategic Refocus

Admirals to Sell Jordanian Subsidiary as Part of Strategic Refocus

Key Highlights Admirals to divest its Jordanian subsidiary as part of a global restructuring. The sale is expected to close in Q4 2025, pending standard conditions. Move aims to simplify operations and refocus on high-growth markets.   Admirals has announced plans to sell its wholly owned Jordanian subsidiary, Admiral Markets…
Staff Writer By Staff Writer
13th Sep 2025
B2B Prime Services MENA Secures DFSA Licence to Operate from DIFC

B2B Prime Services MENA Secures DFSA Licence to Operate from DIFC

Key Takeaways B2B Prime Services MENA Limited has been authorised by the Dubai Financial Services Authority (DFSA) to operate from the Dubai International Financial Centre (DIFC). The licence, effective August 15, 2025, allows the firm to deal as both agent and principal, and to hold and control client assets. Executives…
Staff Writer By Staff Writer
12th Sep 2025
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