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PayPal scores UK crypto license after brief local Bitcoin buy halt
1.11.2023
Licensed by the FCA on Oct. 31, 2023, PayPal has requirements or restrictions placed on the financial services activities that it can operate
US crypto custody firm BitGo wins BaFin license in Germany: Report
1.11.2023
BitGo originally announced it was setting up two regulated custodial entities in Germany and Switzerland in February 2020
BitGo Granted German Crypto Custody License by BaFin
1.11.2023
BitGo had already been storing crypto assets under the regulator's supervision since 2019 as part of a transitional regime, the firm said
Web3 Wallet Backpack Launches Registered Crypto Business in Dubai
31.10.2023
Backpack , an all-in-one Web3 wallet, has become the latest to receive a Virtual Asset Service Provider (VASP) license in Dubai. The approval will enable Backpack to launch a regulated cryptocurrency exchange service in the city. Per the company’s press release, Backpack Exchange is set...
Binance is Reportedly Behind New Hong Kong Crypto Exchange Seeking License
25.10.2023
Crypto exchange giant Binance seems to have connections with a newly established cryptocurrency trading platform in Hong Kong that has announced its intention to apply for a license in the city, according to a South China Morning Post report.
The trading platform, known as HKVAEX, was created...
Binance Latam Regional VP: ‘We Intend to Become Regulated in Argentina’
24.10.2023
Min Lin, Latam regional vice president at Binance, referred to the intention of the institution to become regulated in Argentina after a specific law to license crypto brokers is approved. Lin stated the exchange is talking with regulators to introduce innovation in regulatory frameworks...
Crypto Exchange Coinbase Chooses Ireland as EU MiCA Hub
21.10.2023
U.S. cryptocurrency exchange Coinbase has selected Ireland as the main regulatory hub for its operations across the European Union. The company hopes to obtain a license in Ireland that will allow it to provide services in EU member states under the pan-European Markets in Crypto Assets (MiCA) law....
BitPanda Secures Virtual Asset Service Provider License in Norway, Pioneering European Exchange
19.10.2023
Bitpanda, the largest European cryptocurrency exchange, has announced that it has secured a license to offer virtual asset services (VASP) in Norway, expanding its regulatory approvals.
On October 19, the Vienna-based cryptocurrency exchange, Bitpanda, announced the latest milestone on...
Bitpanda receives a VASP license in Norway
19.10.2023
Bitpanda has announced a significant advancement in the market of Norway. The venture has said that it is now officially the first non-local firm to receive a VASP license in the region, allowing it to strengthen its position in Europe. Bitpanda will now be able to introduce a safe and secure...
BitPanda crypto exchange gets license in Norway amid European expansion bid
19.10.2023
BitPanda already holds a license in Austria, Germany, France, the Czech Republic and Sweden
South Korean Crypto Exchange Upbit Obtains Regulatory Approval in Singapore
18.10.2023
Leading South Korean crypto exchange Upbit has been granted regulatory approval by Singapore’s main financial regulator. The authorization will allow the trading platform to provide regulated services in the Southeast Asian city-state which has established itself as a crypto hub. Upbit Singapore...
Australia Government Wants Crypto Exchanges to Possess a Financial Services License
17.10.2023
Australia-based crypto exchanges may soon be required to hold a financial services license issued by the Australian Securities and Investments Commission. The Australian government expects to have the draft legislation ready in 2024. According to the proposals, crypto exchanges will be given...
Crypto Exchange Upbit Receives In-Principle License Approval from Singapore
16.10.2023
South Korea's leading cryptocurrency exchange Upbit by volume has secured in-principle approval for a Major Payment Institution (MPI) license from the Monetary Authority of Singapore (MAS).
The initial approval will enable Upbit Singapore to continue to provide digital payment token services...
South Korean exchange Upbit gets initial license nod from Singapore
16.10.2023
Upbit Singapore scored initial approval from the country’s central bank and financial regulator for a local crypto license
Crypto exchanges to fall under TradFi licensing — Australian Treasury proposal
16.10.2023
The Australian treasury's newly-released consultation paper will require to crypto exchanges to apply for financial services licence from the local financial regulator
Malaysian Crypto Firm Hata Receives Green Light From Malaysian Regulators to Run 'Digital Asset Exchange' – Adoption on the Rise?
11.10.2023
The Malaysian financial regulator – Securities Commission Malaysia (SC) – has granted in-principal approval to cryptocurrency exchange and digital broker Hata.
The approval marks Hata as a Recognized Market Operator (RMO) and the 5th regulated digital asset exchange (DAX) in the country, operating...
Crypto Bank Xapo Snags European Broker License, Will Offer Stocks Like Apple
11.10.2023
The Markets in Financial Instruments Directive (MiFID) license will soon allow the firm to offer S&P 500 stocks. In addition, Xapo, which has always been bitcoin-only, plans to add Ethereum’s ETH
Cyprus to Impose Strict Penalties on Unlicensed Crypto Service Providers – Report
10.10.2023
Cyprus authorities would soon impose hefty penalties on crypto asset service providers (CASPs) that are found offering services without registering with the country’s regulator – the Cyprus Securities and Exchange Commission (CYSEC)....
Read More: Cyprus to Impose Strict Penalties on Unlicensed...
Estonia-Licensed Crypto Firms Blamed for €1 Billion in Damages
10.10.2023
Bad actors exploited Estonia’s once liberal licensing regime for crypto companies to defraud investors and commit other crimes, an investigative report claims. The authors say they discovered dozens of such cases, including scams and schemes for sanctions evasion and money laundering. Since Tallinn...
Deribit to List XRP, SOL, MATIC Options; Seeks License in EU
9.10.2023
Deribit controls over 85% of the global crypto options market