Mustafa Bassil, a prominent figure in the financial sector, announced in a post on LinkedIn yesterday (Thursday) that his employment with PrimeX Broker has ended.
Career advancement at PrimeX Broker
Basil's tenure at PrimeX Broker has been notable, with significant contributions in various roles within the organization. Through his work as Deputy General Manager in Dubai, UAE, he demonstrated his leadership abilities and prowess in data analysis. In addition, Basil served as Marketing Director from August 2022 to May 2023, where he demonstrated his ability to lead marketing campaigns and initiatives.
Commenting on his departure, he wrote on LinkedIn: “It was a journey full of challenges and obstacles, but we achieved success. I am proud of what we have accomplished and look forward to the future. Thanks to the PrimeX team and my colleagues for their support and cooperation. I look forward to exploring new opportunities and cooperation in the future. I wish PrimeX Broker and the great team all the best.”
Basil's educational background is impressive, as he obtained an engineer's degree in Laser and Optics Engineering from Al-Furat I University in 2021. Currently, the financial community is awaiting Mustafa Basil's next steps, anticipating more contributions to the industry.
Expanding access with regulatory approval
PrimeX Broker offers deep ECN liquidity, fast execution, and educational resources. It recently received regulatory approval from the Financial Sector Conduct Authority of South Africa (FSCA), enabling it to operate in Africa and neighboring regions.
Earlier, the Financial Conduct Authority (FSCA) initially aimed to license about 60 cryptocurrency platforms by the end of March, Finance Magnates reported. However, the response has exceeded expectations, with more than 300 crypto asset providers seeking regulatory approval. The deadline for licensing applications is set for November 30.
Instead of creating a new regulatory framework, the Financial Conduct Authority (FSCA) decided to make use of the existing Financial Advisory and Brokerage Services Act to regulate cryptocurrency exchanges. The move aims to strengthen consumer protection and accountability in the cryptocurrency sector.
This article was written by Tariq Sikdar at www.financemagnates.com.