CySEC Suspends CIF Licenses of EuropeFX and Dualix Operators - NewsBreak

The Cyprus Securities and Exchange Commission (CySEC) announced on Friday that it suspended the Cyprus Investment Firm (CIF) license of Maxiflex Ltd, operator of EuropeFX, and Maxigrid Ltd, operator of dualix.com. According to the orders, the directives were issued under suspicion of alleged violations of the 'Investment Services and Activities and Regulated Markets Law,' which could constitute a threat to the market's integrity.