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Coinbase Registers as Crypto Exchange and Wallet Provider in Spain


U.S.-based crypto exchange Coinbase has obtained a registration in Spain that will allow it to offer a range of services for digital assets. The authorization fits into the company’s current strategy for global expansion through acquiring local licenses and tailoring products for specific markets....

Ripple Acquires Crypto Financial Services Company Fortress Trust 


Ripple, a leading blockchain and cryptocurrency company, has acquired Fortress Trust, a Nevada-licensed financial services provider for the crypto industry. The purchase expands Ripple’s regulatory licenses and infrastructure to bolster its position in enterprise blockchain solutions. Ripple...

Colorado DMV Accepts Crypto Payments Through Paypal


The Colorado Department of Motor Vehicles (DMV) has announced it accepts cryptocurrency for its online services via the payment processor Paypal. Besides paying local taxes with coins, residents of the crypto-friendly state will be able to use their digital cash to renew driver’s licenses...

Dubai to Subsidize Commercial Licenses for Web3 and AI Companies


Dubai will offer subsidized licenses for Web3 and artificial intelligence (AI) companies that want to enter the country. The Dubai International Financial Centre (DIFC) and its campus will subsidize 90% of the costs of these licenses to attract companies in this sector as part of its push to become...

Hong Kong Securities Regulator Warns Unlicensed Crypto Exchanges


The Securities and Futures Commission (SFC) of Hong Kong has issued a warning to unlicensed providers of crypto trading services. Concerned about their engagement in “improper practices,” the regulator also said investors should be aware that some of these platforms may never actually apply for...

Binance receives two licenses in El Salvador


Binance has received two licenses from relevant authorities, becoming the first fully-licensed crypto exchange in El Salvador. Licenses received by the venture pertain to Bitcoin Services Provider and non-provisional Digital Assets Services Provider. Both licenses will enable Binance to offer...

HashKey exchange undergoes upliftment of Type 1 and Type 7 licenses


HashKey exchange, a Hong Kong-based exchange platform, has successfully undergone a simplified process that uplifts its current Type 1 and Type 7 licenses. Following this, HashKey exchange is not restricted to serving only institutional investors. It is at liberty to serve retail users as well....

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