Fazzaco Weekly Digest: India Freezes OctaFX's Bank Account; CPT Group Names Content Manager; Alpari Hires Chief Investment Strategist

​Take a look at the latest happenings in this week's news digest from around the forex, fintech and crypto industry. Here are some of the top headlines from this past week.

1. India Freezes OctaFX's Bank Account for Illegal FX Trading

In the matter of illegal online forex trading through foreign brokers in accordance with the Foreign Exchange Management Act, the Enforcement Directorate (ED) of India has frozen the bank account balance of OctaFX and its affiliated businesses to the tune of Rs. 21.14 crore (FEMA).

The Reserve Bank of India has published a "warning list" with the names of 34 organizations, including OctaFX, that are not permitted to conduct currency business or run electronic trading platforms in India.

2. Exclusive: Raouf Boussaoui Joins CPT Group as Content Manager

CPT Group, a leading provider of international financial derivatives and related services, announced the appointment of Raouf Boussaoui as its new Content Manager. He will join the marketing team to start his career in the broker.

Raouf has been with CAPEX.com for 2 years, as a global Social Media Manager working under multiple prestigious licenses such as CySEC, ADGM, FSCA, and FSA.

3. Jameel Ahmad Joins Alpari as Chief Investment Strategist

Alpari, a leading forex and CFDs broker, has lured Jameel Ahmad as Chief Investment Strategist. Jameel is a well-respected multi-asset investment strategist and corporate ambassador with a wealth of expertise in the financial markets and fundamental analysis.

In his new role at Alpari, he will lead a team of analysts and oversee the education mission to keep clients informed on current market conditions. He is also responsible for developing the Alpari brand profile through appearing on tier-one financial outlets.

4. Huobi Global Announces Buyout by About Capital

Crypto exchange Huobi Global, one of the biggest token trading outposts in the Asia markets, said late Friday that it has agreed to be purchased by Hong Kong-based investment company About Capital Management's M&A fund.

In a blog post, Huobi Global said About will "control the majority stake" of Huobi once the deal closes; it said the ownership transfer will have no impact on trading operations.

5. TD Securities Connects with Visa's B2B Payments Network

Canada-based TD Securities recently became the first financial organization in the country to be a part of the international business-to-business (B2B) payments network known as Visa B2B Connect.

B2B Connect aims to make multinational corporate cross-border payments simpler by simplifying transactions from the bank of origin to the bank of the beneficiary.

6. FTX Taps Visa to Issue Crypto Debit Cards in 40 Countries

Crypto exchange FTX has partnered with payment services giant Visa to issue crypto debit cards and enable crypto payments in 40 countries around the world.

The partnership will see the exchange roll out debit cards to its customers' accounts in Latin America first, with Europe and Asia following soon.

7. Swissquote Introduces Proprietary Crypto Platform "SQX"​

Swissquote announced recently via social media, that "after months of hard work, the crypto trading platform made in Swissquote is ready for its launch. Your assets will now be managed without intermediaries, stored and traded on SQX."

Customers of Swissquote can currently trade cryptocurrencies either through the eBanking portal's cryptocurrency service or the eTrading platform's cryptocurrency service.