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UK Financial Watchdog Grants Licenses to Archax and Gemini
21.8.2020
The UK’s Financial Conduct Authority has granted licenses to two crypto exchanges operating in the country, Archax and Gemini
Crypto Exchange UpBit Scores Full Deck of Licenses From Thai SEC
13.8.2020
South Korean exchange UpBit received four licenses to operate a digital asset exchange in Thailand
One Million South Koreans Now Have Blockchain Drivers Licenses
13.8.2020
The program was only launched in May but already one million South Koreans have opted for a blockchain based license
A Million South Koreans Now Using Blockchain-powered Driver’s Licenses
13.8.2020
Over 1 million South Koreans have traded in their plastic driver’s licenses in favor of a blockchain-powered, police-issued smartphone-based digital alternative.
Per Daily Kyungjae, the initiative allows drivers to identify themselves to police using barcodes or QR codes, as well as...
Power Plants in Iran Are Authorized to Mine Bitcoin
29.7.2020
Power plants in Iran are allowed to mine cryptocurrencies, the deputy head of the country’s Power Generation, Distribution, and Transmission Company (Tavanir) has reportedly confirmed. Mostafa Rajabi Mashhadi, deputy head of Tavanir, explained that entities have to apply for the necessary...
South African Bitcoin Investment Company Pushes Back Against Texas Scam Allegations
16.7.2020
Mirror Trading International (MTI), a South African bitcoin investment company at the center of a cease and desist order issued by the Texas State Securities Board (TSSB), is pushing back allegations that it is running a Ponzi scheme or a scam. MTI CEO Johann Steynberg issued a statement assuaging...
Iran Licenses 14 Bitcoin Mining Farms, Cuts Electricity Tariff up to 47% for Miners
14.7.2020
Iran has reportedly issued permits for 14 bitcoin mining farms and will cut up to 47% off of the electricity tariff in order to support authorized cryptocurrency mining centers. Crypto miners will soon have to register with the government. Iran Licenses More Crypto Mining Farms The Islamic Republic...
Estonia Revokes 500 Crypto Firms’ Licenses After $220 Billion Money Laundering Scandal
13.6.2020
Estonia has canceled 500 cryptocurrency firms’ licenses, about 30% of the total, as part of a crackdown on illicit financial flows following a $220 billion money-laundering scandal involving Danske Bank. Regulators are concerned that bitcoin exchanges and other crypto companies might...
‘Inherently Borderless’: Acting OCC Chief Talks Crypto, State Licenses and DeFi
9.6.2020
“My job here is not to protect incumbents,” says acting Comptroller of the Currency (and Coinbase veteran) Brian Brooks of his fintech-forward agenda
Iran Licenses $7.3 Million Bitcoin Mining Enterprise, Move Aimed at Easing U.S. Sanctions
5.5.2020
Iran has issued a bitcoin mining license to Iminer, a Turkish-based company. Iminer will operate up to 6,000 rigs, with a computing power of 96,000 terahash per second (TH/s) in total. According to media reports, the miner has spent $7.3 million setting up the mining facility, located...
Coronavirus Forces Mexican Fintech Firms to Wait Longer for Licenses
8.4.2020
Almost 100 Mexican fintech companies will likely face a longer wait than expected after the nation’s top financial regulator announced a coronavirus pandemic-related slowdown in its operations.
Per media outlet El CEO, The National Banking and Securities Commission (CNBV) has extended certain...
312 Crypto Exchanges Registered in Australia, Regulator Confirms
10.2.2020
A growing number of cryptocurrency exchanges have been registered with Australia’s crypto regulator. A spokesperson for the government agency overseeing the crypto industry confirmed to news.Bitcoin.com on Monday that the regulator has already registered 312 crypto exchanges. Also read:...
Singapore Introduces Licensing for Crypto Platforms, New Payment Services Now Act in Force
29.1.2020
The Monetary Authority of Singapore (MAS) has announced the commencement of the city-state’s new Payment Services Act. The law mandates the implementation of a licensing regime that applies to payment providers, exchanges and other platforms dealing with cryptocurrencies. Their operators...
Iranian Authorities Have Issued 1,000 Licenses for Cryptocurrency Mining
27.1.2020
Iranian trade and mining authorities have issued over 1,000 licenses for cryptocurrency mining so far
Over 1,000 Bitcoin Miners Granted Licenses in Iran: Report
27.1.2020
Iran is said to be issuing licenses to miners after new legislation was brought in last year
Iran Issues More Than 1,000 Cryptocurrency Mining Licenses
25.1.2020
The Iranian government has reportedly issued more than 1,000 licenses for cryptocurrency mining since it began regulating the industry. A number of large mining farms have set up in the country, but high electricity tariffs have kept many small investors away. Also read: Regulatory Roundup —...
Philippine ‘Crypto Valley of Asia’ to Get Own Airport
10.1.2020
The Philippines has a “Crypto Valley of Asia,” an initiative of the Cagayan Economic Zone Authority, the government agency responsible for managing the Cagayan Special Economic Zone and Freeport. An airport is now being planned for inside this economic zone to address the needs of...
New York Regulator Details Changes to Contentious BitLicense
11.12.2019
The New York Department of Financial Services has outlined a new approach to approving what coins crypto exchanges can list in the Empire State
Crypto-Focused Lender Blockfi Launches Trading Platform
5.12.2019
Crypto financial services company Blockfi has launched a trading platform supporting three cryptocurrencies. The new offering adds to the company’s existing services: interest-bearing accounts and crypto-backed loans. Blockfi has completed registration with the U.S. Financial Crimes...
NY Regulator Licenses Fidelity for Bitcoin Trading and Custody
20.11.2019
Fidelity Investment’s digital currency arm has been licensed by the New York Department of Financial Services to operate a platform on which individuals and institutional investors can store, purchase, sell, and transfer bitcoin. The regulator also revealed that it has to date approved...