Connect with us

Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website. .

Top Stories



On October 2017, the Cyprus Securities and Exchange Commission (CySEC) published an announcement to draw the attention of investors on the possible risks related to buying, holding, exchanging or trading in virtual currencies.

As per the Virtual Currency Scheme of the European Central Bank, a virtual currency can be defined as a type of unregulated, digital money, which is issued and usually controlled by its developers, and used and accepted among the members of a specific virtual community.

The announcement of CySEC warns that trading in virtual currencies is not appropriate for all investors, due to the high complexity of these products. Investors should be cautious and fully conversant with the characteristics and risks connected to the venues on which such virtual currencies may be traded on.

Furthermore, CySEC listed the following practices and signs as high risk in order to warn investors:

  • “Guaranteed” high investment returns, minimum or no risk;
  • Offers that don’t provide full analysis of the risks involved;
  • Direct or indirect pressure or promises to investors to trade in such products.

It is noteworthy that there are no specific EU regulatory guidelines to protect existing and/or potential investors who trade in the said products, however the dealing in such currencies may trigger provisions of other pieces of legislation.

Trading in virtual currencies may hold high risks of losing any invested capital. The trading values of virtual currencies can widely fluctuate or become temporarily or permanently unavailable, therefore investors should trade carefully and only with resources that they can afford to lose.

Our team of highly experienced professionals can advise you further on the basis of your particular facts and circumstances.

Global Banking & Finance Review


Why waste money on news and opinions when you can access them for free?

Take advantage of our newsletter subscription and stay informed on the go!

By submitting this form, you are consenting to receive marketing emails from: Global Banking & Finance Review │ Banking │ Finance │ Technology. You can revoke your consent to receive emails at any time by using the SafeUnsubscribe® link, found at the bottom of every email. Emails are serviced by Constant Contact

Recent Post