AXA IM Alts opens first office in Middle East

The Abu Dhabi Global Market (ADGM) Financial Services Regulatory Authority (FSRA) has authorised AXA IM Alts to establish a category 4 license firm within the jurisdiction

Africa | 3 Jul 24

Indian crypto exchange CoinDCX buys Dubai-based BitOasis

* Dubai-based BitOasis has already acquired a license to act as a broker-dealer in Bahrain.
* CoinDCX is among the most prominent crypto exchanges in India, with a user base of over 15m

PIMFA pushes FOS on CMCs

PIMFA suggests that FOS should review its approach and seek to levy a higher charge, which would result in firms and CMCs sharing the burden of case fees

Asia | 2 Jul 24

First conviction for fraudulent OTC bond trading under Singapore law

The Monetary Authority of Singapore (MAS) has announced the first successful conviction for fraudulent over-the-counter bond trading under the country’s Securities and Futures Act

Europe | 1 Jul 24

Skybound Wealth Management opens new office in Cyprus

Mike Coady, chief executive officer of Skybound Wealth Management, said that the new offices in Cyprus was “a strategic decision” aimed at expanding the company’s footprint in Europe.

NRI Adviser