News Nuggets | 7 August: FCA Warns against 20 Fraudulent Firms; Doo Group Hires Head of HR

<p>FCA Warns against 20 Entities</p><p>The Financial Conduct Authority (<a href="https://www.financemagnates.com/tag/fca/" target="_blank" rel="follow">FCA</a>) has
issued warnings against several firms and individuals. Some of the flagged
entities include CRYPTOSLITE, BCRYPTOFX, ELITE CRYPTO EXCHANGE, and MARKET BY
CRYPTO TRADE. The warning emphasizes these entities' lack of authorization or
registration with the FCA.</p><p>So far, 20
new entities have been added to the warning list during today's (Monday's) session.
Their complete list <a href="https://www.fca.org.uk/news/search-results?n_search_term=&amp;category=warnings&amp;sort_by=dmetaZ">is
available here</a>. The FCA is currently very active on the warning scene. Last week it issued 27 warnings to unauthorized and clone firms.</p><blockquote><p lang="en" dir="ltr">We’ve issued 27 new <a href="https://twitter.com/hashtag/FCAwarnings?src=hash&amp;ref_src=twsrc%5Etfw">#FCAwarnings</a> to unauthorised and clone firms in the last 7 days. Protect yourself and find all recent warnings <a href="https://t.co/0qLeqfKYJ0">https://t.co/0qLeqfKYJ0</a> <a href="https://t.co/tUsT9mvXbp">pic.twitter.com/tUsT9mvXbp</a></p>— Financial Conduct Authority (@TheFCA) <a href="https://twitter.com/TheFCA/status/1687403455885840385?ref_src=twsrc%5Etfw">August 4, 2023</a></blockquote><p>Fasset Presents Super-App

Digital
</p><p><a href="https://www.financemagnates.com/tag/digital-assets/" target="_blank" rel="follow">Digital asset firm</a> Fasset launched a super-app targeting financial inclusion in
emerging markets. Within its first week, the app gained over 1 million users,
with Indonesia, Pakistan, and Türkiye leading in user numbers. Mohammad Raafi
Hossain, Fasset's CEO, emphasizes the app's potential to democratize finance,
bridging a significant gap in emerging markets.
</p><p>
"In
most emerging markets, being able to build a diversified portfolio, leverage
against assets and earn sustainable yields are either scarce or non-existent.
Digital assets on blockchain rails can democratize finance and level the
playing field, giving billions of people the opportunity to invest in the
upside of global asset classes across the world," Hossain added.</p><p>Doo Group Hires New Head
of HR</p><p>Anca Ioana
Ionescu has announced her appointment as the Head of HR, Europe at <a href="https://www.financemagnates.com/tag/doo-group/" target="_blank" rel="follow">Doo
Group</a>. Her commitment to employee-centric workplaces aligns perfectly with Doo
Group's ethos. As Ionescu takes on this new challenge, she invites her peers to
join her in shaping a brighter future.</p><p>"I
said 'I doo' to this incredible opportunity because I am passionate about
creating workplaces where employees come first