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British Fintech Revolut Granted Crypto License in Cyprus
18.8.2022
U.K.-based digital bank Revolut has been authorized by Cyprus to provide cryptocurrency services to millions of customers on the Old Continent. The fintech firm says the regulatory approval will allow it to establish a European crypto hub in the island nation. Revolut to Expand Crypto Services...
Philippines Will Stop Accepting Crypto License Applications for 3 Years, Regulator Says
13.8.2022
The central bank of the Philippines, Bangko Sentral ng Pilipinas, has announced that it will stop accepting crypto license applications for three years, starting next month. The central bank is the primary regulator of the crypto sector in the Philippines. Philippines Halts Accepting Crypto License...
German banking giant Commerzbank applies for crypto license
21.4.2022
A spokesperson for Commerzbank confirmed to local media that it applied for the license with BaFin earlier this year in a first for a major bank in Germany
BitLicensed Crypto Firms Ordered to Pay Annual Assessment Fees in New York
19.4.2022
The fees will bring virtual currency companies on par with those paid by banking and insurance institutions as a way for the state to recoup operating expense costs and “best support” the industry
Portuguese regulator grants first crypto license to a bank
15.4.2022
Bison Bank will offer its digital asset services to high net worth individuals, becoming the first banking institution in the country authorized to do so
Central Bank of Portugal Grants Country’s First Crypto License to a Bank
14.4.2022
Bison Bank was authorized to offer crypto custodian and trading services in Portugal on Thursday
FCA Extends Deadline for Crypto Firms to Meet Regulatory Requirements in UK — 33 Firms Licensed so Far
31.3.2022
The U.K. financial regulator, the Financial Conduct Authority (FCA), has extended its April 1 registration deadline for a number of crypto firms to meet its regulatory requirements. The British regulator has registered 33 crypto firms so far and 12 firms are holding temporary registration....
FTX Europe Becomes First Exchange to Receive Crypto License in Dubai
15.3.2022
The exchange will also set up a regional headquarter in Dubai
UAE reportedly plans to issue federal crypto license for VASPs
17.2.2022
The crypto license legislation might be the first nationwide crypto-focused regulation. However, various free zones in the country had introduced crypto regulations as early as 2018
100 Companies Fail to Obtain Crypto Licenses in Singapore Due to Tough Regulation
22.12.2021
More than 100 companies that applied for a license to offer crypto services in Singapore have either been turned down or withdrawn their applications. “Cryptocurrencies could be abused for money laundering, terrorism financing, or proliferation financing due to the speed and cross-border...
Binance Singapore Drops Crypto License Plans in City-State
13.12.2021
According to the official announcement by the exchange, Binance’s Singapore unit has planned to retract its crypto license application in the city-state and is most likely to expel its Singaporean clients by Feb 13th, 2022. Binance, like other trading platforms, operates as a cryptocurrency...
Binance Singapore withdraws crypto license application
13.12.2021
Binance plans to “wind down” all services in Singapore by Feb. 13, 2022. Users are no longer allowed to deposit cryptocurrencies or fiat on the Binance.sg platform
ZelaaPayAE: UAE Will Now Have a Crypto Debit Card
25.1.2021
PRESS RELEASE. ZelaaPayAE, with a vision to build and improve the financial structure, introduces a Crypto Debit Card with the ability to be swiped not just in UAE but also globally. Partnering with Baanx, ZelaaPayAE is providing Mastercard enabled Debit Card featuring personalized cards with a...
Hong Kong Grants First License to Cryptocurrency Trading Platform
18.12.2020
Hong Kong now has its first regulated cryptocurrency trading platform. The Securities and Futures Commission has just given out the first-ever crypto license to OSL Digital Securities which will soon commence trading for several cryptocurrencies, including bitcoin. Hong Kong Gives Out First Crypto...
Two thirds of Estonian crypto businesses lose their licenses
17.12.2020
Estonia has withdrawn permits from one thousand crypto companies this year
New Jersey follows in its neighbor state's footsteps with crypto license bill
9.11.2020
With a new Senate bill on the table, New Jersey is getting closer to introducing a state-level licensing framework for crypto firms
New Jersey Moves Closer to Crypto License With Introduction of Senate Bill
9.11.2020
New Jersey has inched closer to implementing its own "BitLicense."
Singapore: Code of Practice Offers Practical Guidance for Crypto License Applications
20.8.2020
Singapore’s crypto industry association is providing resources for local firms as they navigate new regulatory requirements
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...
Coinhouse Wins First Crypto License From French Regulator
6.4.2020
Coinhouse's new status with the Financial Markets Authority should help the firm get banking services in France and bigger institutional clients