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Nalezeno "virtual asset service": 104

Central Bank of Brazil Opens Public Consultation on Virtual Assets Service Provider Rulemaking

19.12.2023
The Central Bank of Brazil opened a new public consultation to obtain feedback for regulating the operations of virtual assets service providers (VASPs) in the country. The bank organized a questionnaire of 38 questions divided into different themes that can be partially, or fully answered until...

Bitcoin Exchange CoinMENA Receives Operating License From Dubai’s VARA

13.12.2023
Source: Pexels A subsidiary of the Bahrain-based Bitcoin exchange, CoinMENA FZE, has been granted a Virtual Asset Service Provider (VASP) license by Dubai’s Virtual Asset Regulatory Authority (VARA). This marks the seventh VASP license issued by the Dubai regulator. In a press release,...

Dubai Grants Climate-based AYA Platform Conditional VARA License

12.12.2023
Image Source: Pixabay Dubai’s financial regulator, the Virtual Asset Regulatory Authority (VARA) has issued a conditional operating license to AYA Platform, a web3 launchpad subsidiary of Enjinstarter. In a recent press release, the company disclosed the regulatory nod obtained by VARA to operate...

Ethereum-Based Fasset Secures Operational License in Dubai for Tokenized Offerings

1.12.2023
Source: fasset.ae Digital asset brokerage Fasset FZE has received a Virtual Asset Service Provider (VASP) license from the Virtual Asset Regulatory Authority (VARA) in Dubai, UAE. According to the press release, the operational license is the final stage in VARA’s approval process. It authorizes...

Gemini Adapts to UK’s Travel Rule, Implements Outward Transfer Restrictions to Comply

9.11.2023
Gemini, a cryptocurrency exchange, has implemented changes in response to new regulations affecting virtual asset service providers (VASPs) in the UK. On November 7, Gemini announced adjustments to align with the new Travel Rule regulations in the UK. These changes involve a set of global standards...

Gemini’s Travel Rule measures reflect ‘worrying creep’ of overregulation

9.11.2023
Gemini will be restricting its UK users to sending only to 58 virtual asset service providers that are registered under the Travel Rule starting Nov. 17. A Trezor analyst argues the measures will go against the principles of Bitcoin and financial freedom

UAE central bank to penalize unlicensed virtual asset service providers

8.11.2023
UAE lawyer Irina Heaver explained that the new guidance is part of the UAE’s efforts to be removed from the Financial Action Task Force’s (FATF) “grey list.”

Dubai Moves Forward with Crypto Adoption as WadzPay Secures VARA Initial Approval

2.11.2023
  On October 31, the Dubai Virtual Assets Regulatory Authority (VARA) gave “Initial Approval” to WadzPay signifying a noteworthy stride towards broadening crypto adoption in Dubai. The approval is part of WadzPay’s progress toward achieving a comprehensive Virtual Asset...

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...

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...

Top 5 South Korean Crypto Exchanges Reveal Compliance Strategies to Curb Illicit Activities

28.7.2023
According to a statement published by the South Korean Financial Services Commission (FSC), the entity’s Korea Financial Intelligence Unit held a meeting with virtual asset service providers (VASPs) in order to strengthen regulatory compliance. The top five South Korean cryptocurrency...

Namibia signs crypto exchange regulation bill into law

26.7.2023
The law will officially enter into force at a date determined by Namibia’s Ministry of Finance

Dubai Regulator Suspends Crypto Exchange BitOasis' Conditional License

11.7.2023
BitOasis said it's working closely with the Virtual Assets Regulatory Authority to fulfil the conditions

Namibia Passes Bill for Licensing and Regulating Virtual Asset Service Providers

7.7.2023
Namibia’s National Assembly has adopted a bill to regulate digital assets, cryptocurrencies, and digital asset service providers in the country. The Virtual Asset Bill, introduced by the Minister of Finance and Public Enterprises, Ipumbu Shiimi, passed the parliament's lower house in June, aiming...

Paris FATF Plenary: Global Implementation of Virtual Asset Standards Remains ‘Relatively Poor’

25.6.2023
The third plenary of the Financial Action Task Force (FATF), held in Paris, found a lack of global adoption of the virtual asset recommendations established by the institution. According to evaluations, almost three-quarters of the jurisdictions are partially compliant or non-compliant with these...

Binance Netherlands exit - Dutch Central Bank says registration failings are confidential

21.6.2023
De Nedelandsche Bank is unable to share details of Binance’s registration failings in the country due to confidentiality requirements of its supervisory laws

Crypto Exchange Okx Gets MVP Preparatory License From Dubai Regulator

16.6.2023
Crypto exchange platform Okx Global has been granted the minimal viable product (MVP) preparatory license by the Dubai regulator, the Virtual Assets Regulatory Authority (VARA). The latest VARA license has been granted almost a year after Okx received the “provisional virtual assets...