Fed Stole X'mas; Conotoxia Sues Polish FSA; Singapore Becomes Leading Crypto Hub; Turkey to Bring New AML Rules; Dec Client P/L Rate; AI Special Pt.III

Fazzaco continued extensively covering the latest trends in forex, crypto, fintech, and prop trading last week. In addition to the news, we've also updated Part III of Fazzaco Year-End AI Special, "How Will AI be Regulated Globally in 2025?"

Besides, the monthly report on the Client Account P/L Ratio of 29 Brokers has been published as well.

Below are news and articles for the Fazzaco's last week recap.

Fed Stole Christmas? FT Columnist Says Otherwise​

While people gather at home to enjoy the festiveness of Christmas, the financial markets are wavering in turmoil. This unrest stems from the last Federal Reserve meeting - supposedly its final meeting of 2024. As a result, some have dubbed Jerome Powell, Chairman of the Federal Reserve, as the "Grinch who stole Christmas." However, Katie Martin, a columnist for the Financial Times, disagrees with this view and recently argued that it is investors themselves who should take responsibility for this holiday crisis.

Conotoxia Files Criminal Complaint Against Polish Financial Supervision Authority

Conotoxia has lodged a formal notice of suspicion of criminal activities with the National Prosecutor's Office, targeting several employees of the Polish Financial Supervision Authority (FSA) and the president of a banking institution. The company alleges that these individuals engaged in lobbying efforts aimed at revoking its license.

Singapore Outpaces Hong Kong in Digital Asset Licensing​

Singapore cemented its position as a leading digital assets hub in Asia by issuing 13 new crypto licenses, more than double the number granted in the previous year. This includes licenses for major global exchanges like OKX and Upbit, as well as renowned firms such as Anchorage, BitGo, and GSR. The city's proactive stance on crypto regulation is positioning it as a major player in the digital asset space.

Turkey to Implement New AML Rules for Crypto Transactions in 2025

Turkey is poised to introduce new anti-money laundering (AML) regulations targeting cryptocurrency transactions, with the official implementation scheduled for February 25, 2025. The new measures aim to reduce the risk of digital currencies being used for illicit activities such as money laundering and terrorism financing.

Fazzaco Reports: Client Account Profit/Loss Ratio of 29 Brokers in December 2024​

Among the 29 brokers this month, an average of 28.16% of client accounts achieved profits, while 71.84% of client accounts suffered losses. Compared with the average data in November 2024, the winning rate of client accounts decreased by 0.2%.

Fazzaco Year-End AI Special Pt.III: How Will AI be Regulated Globally in 2025?

So in the last two episodes, we have discussed the risk control methods for the application of artificial intelligence (AI) in the financial sector in 2025 and explored the best AI use cases for the financial services sector in the coming year. Today, we will take a regulatory perspective to understand how AI will be regulated globally in 2025.