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Indian Authority Arrests Man in Crypto Extortion Case
18.8.2024
A Gujarat-based man, Shailesh Babulal Bhatt, was arrested under the anti-money laundering law in connection with kidnapping and extortion cases, including a significant cryptocurrency-related crime exceeding Rs 1,200 crore ($144 million), according to the Enforcement Directorate (ED). Bhatt...
US crypto firm BitGo wins payment license in Singapore
8.8.2024
Before receiving the license, BitGo served users in Singapore and APAC, but the offering included only custody services from the US South Dakota Trust and hot wallets
US crypto firm BitGo wins payment license in Singapore
8.8.2024
Before receiving the license, BitGo served users in Singapore and APAC, but the offering included only custody services from the US South Dakota Trust and hot wallets
UK’s FCA provides more guidance on crypto promotion compliance
7.8.2024
The financial regulator is trying to bring companies offering crypto services into line with requirements that came into force in October
UK’s FCA provides more guidance on crypto promotion compliance
7.8.2024
The financial regulator is trying to bring companies offering crypto services into line with requirements that came into force in October
UAE Bank Launches VASP-Focused Accounts for Managing User Funds
1.8.2024
Commercial Bank of Dubai (CBD), a United Arab Emirates-based bank, has launched dedicated accounts for virtual asset service providers to manage client funds. CEO Bernd van Linder said the move aligns with CBD’s core banking services and supports the bank’s plans to foster the digital economy. VASP...
UAE residents can now trade crypto directly with their bank accounts
31.7.2024
The new integration enables the direct conversion of UAE dirhams into Bitcoin and Ether using M2’s spot market
Swiss regulator FINMA targets stablecoin issuers in new proposal
28.7.2024
As stablecoins continue to gain traction globally, regulatory initiatives such as FINMA’s guidance are likely to influence policies in other jurisdictions
FINMA Warns Stablecoins Threaten Swiss Financial Reputation
28.7.2024
The Swiss regulator, the Financial Market Supervisory Authority (FINMA), recently published guidance on the issuance of stablecoins. The regulator says stablecoins are not only associated with money laundering risks but pose reputational risks for the entire Swiss financial centre. Stablecoin...
Crypto-Friendly Revolut Finally Earns UK Banking License
25.7.2024
Revolut has entered a "mobilization stage", designed for new banks to operate with restrictions
Hex Trust gets initial nod for payment institution license in Singapore
24.7.2024
Hex Trust previously obtained a license for custody services in Singapore, but a recent legislative amendment placed these firms under a new licensing scope
Hex Trust gets initial nod for payment institution license in Singapore
24.7.2024
Hex Trust previously obtained a license for custody services in Singapore, but a recent legislative amendment placed these firms under a new licensing scope
Hex Trust Receives In-Principle Approval from Singapore's MAS For Major Payment Institution License
24.7.2024
The Major Payment Institution license would allow for the company to offer regulated Digital Payment Token services, such as custody
HK bank supports nation's regulatory goals with reserve services
19.7.2024
This development aligns with the city’s regulatory goals and represents a forward-thinking approach to integrating traditional banking with cutting-edge financial technologies
Hong Kong Regulators Say Proposed Stablecoin Regulation Has Received Positive Stakeholder Feedback
19.7.2024
Hong Kong regulators announced the conclusion of a stablecoin regulation consultation phase that saw stakeholders provide 108 submissions. The regulators claimed that the proposed regulatory requirements received positive feedback from stakeholders. Stakeholders Support Introduction of Stablecoin...
Standard Chartered, Animoca, and Three Others Join HKMA's Stablecoin Sandbox as Participants
18.7.2024
In March, the HKMA started a regulatory sandbox to give potential stablecoin issuers immunity in testing certain operations
Hong Kong to Prepare Stablecoin Legislation as Public Consultation Ends
17.7.2024
Hong Kong's financial regulators published the conclusions of consultation on fiat-referenced stablecoin regulation and said they are preparing a bill to introduce into the Legislative Council later this year
Crypto exchanges subject to EU Travel Rule in 6 months
5.7.2024
New EU regulations mandate crypto exchanges to comply with Travel Rule Guidelines, enhancing AML/CFT measures starting Dec. 30
Paxos Gains Full Approval From Singapore’s Monetary Authority for Digital Token Services
2.7.2024
Paxos has secured full approval from the Monetary Authority of Singapore (MAS) to offer digital payment token services, positioning Singapore as a key player in Paxos’s global stablecoin operations. The approval permits the issuance of stablecoins compliant with MAS’s forthcoming regulatory...
Consensys to Challenge SEC in Court: Confident SEC Lacks Authority to Regulate Software Interfaces Like Metamask
29.6.2024
Consensys Software has issued a statement addressing U.S. Securities and Exchange Commission (SEC) charges accusing the company of unregistered securities offerings through Metamask staking and swaps. Consensys contends the SEC’s actions are regulatory overreach and vows to defend...