Belize’s financial watchdog () today issued a list of asset managers, FX and binary options brokers that effective January 1, 2019 are no longer licensed by the International Financial Services Commission.
Following its expulsion from the regulator’s roster, these firms in case they continue providing professional investment services to domestic clients without proper authorization, the practice will be considered a criminal offense. According to the regulatory manifest, however, there is no one-size-fits-all reasoning that the IFSC gives for lapsing these licenses.
IFSC warnings on those domains come hot on the heels of Alpari’s move to close down its subsidiary in Belize, as Finance Magnates Russia .
The Belizean regulator has experienced its share of unlicensed firms operating within its jurisdiction. As the financial world continues to adapt to the growing demand for cryptocurrencies, many institutions are making the necessary adjustments. The IFSC is no exception, as the authority has already begun to monitor and assess crypto companies and their respective activity.
Finance Magnates previously reported that the regarding unauthorized cryptocurrency promoter and brokerage OneLife Network.
The list of providers that were published includes the following domain names:
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