In a LinkedIn post yesterday (Thursday), Mustafa Basil, a figure in the financial sector, announced the conclusion of his asspciation with PrimeX Broker.

Career Progression at PrimeX Broker

Basil's tenure at PrimeX Broker has been notable, with significant contributions across various roles within the organization. Serving as the Deputy General Manager based in Dubai, United Arab Emirates, he showcased his leadership abilities and prowess in data analysis. Additionally, Basil held the position of Marketing Manager from August 2022 to May 2023, where he demonstrated his aptitude for driving marketing campaigns and initiatives.

Commenting on the departure, he wrote on LinkedIn: “It has been a journey filled with challenges and obstacles, but we have achieved success. I am proud of what we have accomplished and eager for the future. Thank you to the PrimeX team and my colleagues for their support and collaboration. I look forward to exploring new opportunities and collaborations in the future. I hope all the best for PrimeX Broker and the great team."

Basil's educational background is impressive, having earned an Engineer's degree in Laser and Optical Engineering from the University of Alfurat Alawst in 2021. Currently, the financial community awaits Mustafa Basil's next steps, expecting further contributions to the industry.

Expanding Reach with Regulatory Approval

PrimeX Broker offers deep ECN Liquidity, swift execution, and educational resources. Recently, it gained regulatory approval from the Financial Sector Conduct Authority in South Africa (FSCA), enabling operations in Africa and neighbouring regions.

Earlier, FSCA had initially aimed to license around 60 cryptocurrency platforms by the end of March, as Finance Magnates reported. However, the response exceeded expectations, with over 300 crypto-asset providers seeking regulatory approval. The deadline for license applications has been set for November 30.

Rather than creating a new regulatory framework, the FSCA has decided to utilize the existing Financial Advisory and Intermediary Services Act to regulate crypto exchanges. This move is intended to enhance consumer protection and accountability within the crypto sector.