Last Week Recap: Updates on Central Bank, IG, CySEC, Tattvam Markets, Gemini, PU Prime, Interactive Brokers, FTX and FastBull Trading Contest

Fazzaco continued extensively covering the latest trends in forex, crypto, fintech, and prop trading last week. The below is the selected highlights of last week.

Central Bank of Ireland Fines Coinbase Europe €21.5 Million for AML Breaches

The Central Bank of Ireland has imposed a €21,464,734 fine on Coinbase Europe Limited for failures in meeting anti-money laundering (AML) and counter-terrorist financing (CTF) obligations between 2021 and 2025.

IG Group Singapore Launches “IG Markets” Brand, Offers 3% Interest on Shareholdings

The Singapore arm of IG Group (LON: IGG) has introduced a new brand, IG Markets, offering clients 3% annual interest on shares and exchange-traded funds (ETFs) held on its platform, the company announced on Friday.

Cyprus Shell Companies Linked to €300M Credit Card Fraud Scheme

A global investigation led by Eurojust has exposed a large-scale credit card fraud operation, revealing how a network of shell companies based in Cyprus and the United Kingdom helped fuel a €300 million scam. Authorities report that the fraudulent scheme, which ran between 2016 and 2021, involved the creation of nearly 19 million fake user accounts across 193 countries. These accounts were used to run small, recurring charges on stolen credit card data, often disguised as legitimate subscriptions for services like dating and streaming platforms.

Tattvam Markets Appoints Saurav Jalan as Director of Sales for South East Asia

Multi-asset brokerage Tattvam Markets has announced the appointment of Saurav Jalan as Director of Sales for South East Asia, marking the latest addition to its expanding leadership team.

Gemini Seeks Entry into Prediction Market Sector

Gemini Space Station (NASDAQ: GEMI), the cryptocurrency exchange, has applied to the Commodity Futures Trading Commission (CFTC) to establish a derivatives exchange. The company reportedly intends to offer prediction contracts, according to Bloomberg. The application is currently under CFTC review.

PU Prime's Strategic Server Expansion in Asia

November 3, 2025 – PU Prime, a global multi-licensed online brokerage, has announced the successful expansion of its trading servers in Asia, reinforcing its commitment to providing a superior and seamless trading experience for clients across the region.

Interactive Brokers Fined $150,000 by FINRA Over Market Data Display Violations

The Financial Industry Regulatory Authority (FINRA) has fined electronic trading firm Interactive Brokers LLC $150,000 and issued a censure as part of a settlement related to violations of the Vendor Display Rule.

Sam Bankman-Fried Revives Solvency Claims, Blames FTX Legal Team for Destroying Value

Former FTX CEO Sam Bankman-Fried has re-emerged on social media, asserting that the cryptocurrency exchange was solvent when it filed for bankruptcy in November 2022 and that its legal team was responsible for eroding its remaining value.

2025 FastBull Trading Contest Asia S1 Is in Full Swing!

Top traders from around the world are battling fiercely on the FastBull platform, where every move could change the leaderboard!