Global Brokers Expand Into Crypto Trading While Testing Prediction Market Models
Regulators are scrutinizing prediction markets as brokers add crypto assets to their platforms. Is innovation outpacing compliance?
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Abstract:The Financial Conduct Authority (FCA) in the UK has published an announcement that Axi, a forex company, applied to cancel its authorisation.

Applied to Cancel its Authorisation
According to the official press release, the FCA regulated firm Axi under license number 509746, is no longer registered and authorised in the FCA.

The cancellation of Axis license means the entity was failed to offer British clients its financial services as an FCA-supervised firm does.
Note:Axi is still authorized and regulated by the Financial Markets Authority (FMA) in New Zealand, the Australian Securities & Investments Commission(ASIC) and DuBai Financial Services Authority(DFSA).

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