Last Week Recap: Updates on Centroid, AvaTrade, Exness; Vietnam Crypto Law; FX Market in May; Loretta Vav Interview

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.

Vietnam Officially Recognizes Digital Assets with New Technology Law

Vietnam has officially recognized digital assets with the approval of its new Law on Digital Technology Industry on June 14, 2025. This legislation, which also addresses initiatives related to artificial intelligence (AI), is scheduled to take effect on January 1, 2026.

Centroid Solutions Announces PropShield

17th June 2025 - Centroid Solutions is proud to announce PropShield, the industry's first centralized intelligence platform built specifically for proprietary trading firms running funded trader programs. Developed in collaboration with a committed community of leading prop firms, PropShield is designed to identify and combat the rise of fraudulent trading behaviors that exploit challenge rules for unfair advantage.

Israeli Investor Reportedly Pursuing Acquisition of 50% Stake in AVATRADE

Investor Zvika Barenboim is reportedly seeking to acquire a 50% stake in the trading platform AVATRADE, in a deal estimated to value the company between $400 million and $500 million. The proposed transaction is currently awaiting approval from the Israeli Securities Authority.

U.S. Seizes Over $225 Million in Crypto Linked to Fraud Schemes

U.S. authorities have seized more than $225 million in cryptocurrency allegedly tied to fraudulent investment schemes, as announced by the Department of Justice (DOJ) last Wednesday. A civil forfeiture action has been filed in the District of Columbia targeting these crypto assets, which are purportedly linked to large-scale fraud and money laundering.

Bank of Cyprus Sells €75 Million Land Plot to Exness in Paphos

The Bank of Cyprus has finalized a significant property transaction with fintech firm Exness, involving the sale of approximately 200,000 square meters of land in Paphos for €75 million. Sources have confirmed the deal, which represents the most expensive asset sold by the bank's Real Estate Management Unit (REMU) since its establishment in 2016.

CLS's FX Trade Volume Report - May 2025

The analytics team at CLS Group has reviewed foreign exchange (FX) trading activity for May 2025, comparing the month against prior periods and analyzing daily and hourly trading patterns within the month. This resulted in the May 2025 FX Market Trading Report, which covers data from the FX spot, swap, and outright forward markets.

Decoding Africa: The Forex Market's Next Frontier Needs a Local Playbook​

Africa's burgeoning economic landscape presents an enticing, yet complex, frontier for foreign exchange (forex) brokers. While the continent holds immense potential, many international players falter due to a critical oversight: failing to understand and adapt to its unique intricacies.

Lately, Fazzaco had the honor to sit down with Ms. Loretta Vav, an expert in helping brands grow through "novel strategies and regionalized solutions" and someone who "built customer connections through effective partnerships which improved revenue growth and client retention," and she offers invaluable insights into navigating this dynamic market. Her experience highlights that success in Africa's forex sector hinges on long-term vision, cultural acumen, and a willingness to truly localize.