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Estonia
Europe's Economic Crossroads: Recession Fears and S&P Global's
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Will Blockchain Technology Mark a Turning Point in Fraud
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7 Things We Wish Someone Had Told Us Before We Started Trading
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OctaTrader in 2024: A Client-focused Evolution of a Trading
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Executives
Admirals Group Confirms Leadership Reshuffle: Sergei Bogatenkov Steps Down as Chairman
2024-02-08T21:46:24.522+02:00
Alexander Tsikhilov will become the Chairman of the Board of Management, effective March 1, 2024.
Admirals' Supervisory Board will transition from February 5 to February 29, 2024.
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Retail FX
Admirals Fails to Convert 96% More Active Users into Trading Profit in H1
2023-08-31T22:06:02.153+02:00
Net loss came in at €4.8M, which is in stark contrast to a net profit of €24 million in H1 2022.
Similarly, the online trading group's revenue plunged 50% to €21.1 million.
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Retail FX
Admirals Group to Withdraw Estonian License amidst Global Consolidation
2023-05-18T18:15:27.671+02:00
Admirals said it will merge the subsidiary with the parent company.
The firm also plans to repurchase €1.9M of its Tier 2 bonds.
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CryptoCurrency
Estonia’s Licensed Crypto Firms Drop 80% under New Regulatory Regime
2023-05-08T19:53:12.176+02:00
As of summer 2021, Estonia had about 650 licensed crypto service providers.
Estonia is considered one of most crypto-friendly nations in Europe.
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Solomon Oladipupo
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Retail FX
Admirals Gets South Africa’s Broker License, Plans First Hub in Africa
2022-06-20T16:33:05.227+02:00
Admirals SA (PTY) Ltd now part of the fintech group.
The brokerage firm has opened an office in Cape Town.
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Brokers
Estonia Regulator Fines Admiral Markets €20,000 for Reporting Errors
2022-02-23T08:52:06.985+02:00
The broker operator changed its reporting service provider after the order.
It also invested to make its reporting infrastructure better.
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Arnab Shome
Brokers
Plus500 Gains a New Regulatory License in Estonia
2022-02-14T09:41:38.354+02:00
It will allow the broker to operate as an investment firm.
Sigrid Aljas is the CEO of the Estonian entity.
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News
Finvault Exchange Opens Waiting List to International Customers
2022-01-24T11:05:03.341+02:00
The digital exchange is licensed and regulated by the Estonian FIU.
According to the company, people can register ahead of the soft launch in February.
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Regulation
Estonian Financial Watchdog Calls to Revoke Crypto Businesses Licenses
2021-10-13T19:02:35.000+02:00
Maeker was appointed to the role at the FIU in May and it is known for its tough stance against money laundering.
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Felipe Erazo
Brokers
Estonian Regulator Slapped €32,000 Fine on Admiral Markets AS
2021-02-09T13:23:09.000+02:00
The regulator found a lack of clarity on the broker's changing terms.
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News
Security Token Issuance Firm Ignium Partners With Estonian Fundraising Platform
2020-10-30T13:00:47.000+02:00
Ignium and Fundwise have partnered to provide a security token-based fundraising solution.
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Rachel McIntosh
Brokers
Admiral Markets Achieves Historical Results in H1 2020
2020-07-31T12:40:08.000+02:00
The first half of 2020 was the most successful year in the broker’s 19-year history.
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Executive Moves
Admiral Markets AS Appoints Victor Gherbovet to Management Board
2020-07-17T04:12:32.000+02:00
Gherbovet’s appointment will become effective from the 27th of July 2020.
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Celeste Skinner
Regulation
How Will the New Estonian Framework Impact Its Crypto Exchange Market?
2020-04-25T22:51:04.000+02:00
Will Estonia continue to be one of the world's friendliest crypto countries?
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News
BitBay Operator Gains Estonia License, Planns to Launch IEO Platform
2019-10-18T10:03:55.000+02:00
The migration of operations to the new operator will be done on November 1.
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Technology
TraducationFX Launches Proprietary Algorithm for FX Brokers
2019-09-18T10:11:33.000+02:00
The algorithm is the company’s latest generation of trading signals.
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News
WEG Bank Secures Crypto Trading License from Estonian Regulator
2019-08-26T20:13:02.000+02:00
More than 30 percent of the bank is owned by crypto companies.
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News
Scammers Gonna Scam: Paxful CEO Speaks on Nigerian Controversy
2019-04-22T11:07:09.000+02:00
Paxful was recently accused of unfairly blocking the accounts of Nigerian users. Ray Youssef tells Paxful's side of the story.
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Regulation
Estonian Regulator: Banks Still Serving Unacceptable Clients
2019-04-10T18:08:35.000+02:00
Andre Nomm also said that some banks in the country are now subject to a more severe supervisory regime
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Brokers
Admiral Markets Invests €150,000 in Fintech Firm Bankish
2019-03-22T14:55:39.000+02:00
Admiral invested in the fintech to support its expansion plans.
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News
Fintech Company Aave Receives Cryptocurrency Licenses in Estonia
2019-01-24T13:55:29.000+02:00
Aave has gained two crypto licenses, allowing the company to provide wallet and exchange services
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Regulation
BaFin Orders Euro Wealth OÜ to Cease Trading Immediately
2019-01-11T15:43:14.000+02:00
Earlier this week the regulator ordered the immediate cessation of cross-border proprietary trading.
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Regulation
Don’t Deal with Estonian Broker 4XFX, ASIC Warns
2019-01-10T09:56:55.000+02:00
4XFX is unlicensed in Australia to provide financial services and it could be involved in a scam.
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News
ECB Policy Maker Calls Crypto a ‘Load of Nonsense’
2019-01-08T11:33:10.000+02:00
Estonia remains one of the most crypto friendly nations despite its central bank governor’s criticisms.
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News
Estonia to Beef Up Cryptocurrency Laws
2018-12-03T17:53:21.000+02:00
The Baltic state is adapting its law to EU anti-money-laundering legislation.
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See more
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