Forex broker Blackwell Global gives up its CySEC CIF license

From leaprate.com

Cyprus financial regulator CySEC has announced that at its meeting of June 25, 2018, it has decided to wholly withdraw the Cyprus Investment Firm (CIF) authorisation license with number CIF 159/11 of the company Blackwell Global Investments (Cyprus) Ltd.
CySEC did not give any specific reason for its decision.
However we understand that the giving up of the CySEC CIF license by Blackwell Global was actually a voluntary renunciation by the company, with the license no longer necessary since the group set up a separate UK subsidiary holding an FCA license.
Blackwell Global Investments (Cyprus) Ltd is the Cyprus arm of New … (full story)