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CySEC Reverses Authorization Suspension for Trek Labs Amid Strategic Enforcement Moves

by THEFUTURE.TEAM

July 8, 2025

Renewed Confidence in Compliance

The Cyprus Securities and Exchange Commission (CySEC) has reaffirmed its trust in Trek Labs Europe Ltd, formerly known as FTX (EU) Ltd, by reversing the earlier suspension of its authorization. At the meeting held on June 23, 2025, CySEC confirmed that Trek Labs, operating under license number 273/15, had successfully met the rigorous standards mandated by the Investment Services and Activities and Regulated Markets Law of 2017. This decision, executed under paragraph 9(3)(a) of Directive DI87-05, signifies a significant regulatory turnaround and underscores the agency’s commitment to dynamic oversight.

Decisive Actions Against Non-Compliance

In a separate ruling on the same day, CySEC revoked the operating license of Oasis Wealth Management Limited. The firm, recognized as a Management Company of Open-ended Undertakings for Collective Investment in Transferable Securities, had proactively opted to withdraw its own licence. This revocation was conducted under section 121(1)(a) of the Open-Ended Undertakings for Collective Investment Law of 2012, reflecting CySEC’s robust stance on ensuring regulatory alignment in the financial sector.

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Targeted Financial Settlements

CySEC has also finalized several financial settlements under article 37(4) of the Cyprus Securities and Exchange Commission Law of 2009. These settlements address non-compliance with specific legal provisions and serve as an economic deterrent while contributing to the Treasury of the Republic. The agency concluded a €60,000 settlement with Blossem Services Ltd following an investigation into authorisation compliance requirements specified in the 2017 Law.

Similarly, a €40,000 settlement was secured from Exclusive Change Capital Ltd, tied to organisational obligations observed between January and August 2021, as per articles 22(1) and 17(5)(b) of the 2017 Law. In another case, Broctagon Prime Ltd agreed to a €50,000 settlement related to alleged breaches of articles 25(1) and 25(3)(a) concerning general principles and client information protocols during the third quarter of 2021.

Enforcement of Administrative Standards

Additionally, CySEC imposed a €1,800 fine on A.T.I. Associates (Cyprus) Ltd for failing to submit its annual report for the financial year ending December 31, 2024 by the statutory deadline of February 11, 2025. This administrative penalty, enforced during a board meeting on May 26, 2025, was executed pursuant to article 54(1) of EU Regulation 2019/2033 and the related provisions of Implementing Regulation (EU) 2021/2284.

These regulatory actions reflect CySEC’s unwavering commitment to market integrity and operational transparency, reinforcing a disciplined approach that benefits both the consumer and the financial industry at large.

The Future Forbes Realty Global Properties

Airbnb Unveils Reserve Now, Pay Later Option For U.S. Guests

by THEFUTURE.TEAM

August 15, 2025

Introduction

Airbnb has introduced an innovative payment solution designed to enhance user flexibility for U.S. travellers. The new “Reserve Now, Pay Later” feature enables users to secure a booking without an upfront payment, offering a streamlined cancellation process should plans change.

Flexible Payment Terms

This new option applies to listings that feature either flexible or moderate cancellation policies. Under a flexible policy, guests can cancel their reservation up to 24 hours before check-in, while a moderate policy offers no-fee cancellations until five days prior to arrival.

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Payment Timing and Reminders

Regardless of the cancellation window, guests are obligated to complete the full payment before the expiration of the free cancellation period. Airbnb ensures a smooth experience by sending timely payment reminders to avoid any last-minute issues.

Evolution of Airbnb’s Payment Solutions

This initiative builds on Airbnb’s previous forays into flexible payment structures. In 2018, the company offered a partial upfront payment model, and more recently, a collaboration with Klarna enabled guests to pay in four installments over six weeks. Such strategic advancements demonstrate Airbnb’s commitment to adapting and refining its payment solutions to meet evolving consumer demands.

Consumer Insight Driving Innovation

Airbnb’s decision to launch the “Reserve Now, Pay Later” feature reflects robust consumer demand, with recent surveys indicating that 55% of respondents prefer flexible payment options. Additionally, 42% noted missed opportunities due to payment complexities when coordinating with travel companions, underlining the need for simplified financial arrangements.

Conclusion

By enhancing payment flexibility, Airbnb not only broadens its appeal but also addresses critical customer pain points, reinforcing its position as a leader in the evolving travel market. This initiative exemplifies how strategic innovation can drive customer satisfaction in an increasingly competitive landscape.