Following the approval of its license by the Dubai Virtual Assets Regulatory Authority, OKX will be offering spot services and spot pairs to UAE residents. This comes as the country is establishing itself as a welcoming hub for crypto business. Crypto businesses looking to expand all over the world often face the challenge of needing…
Coinbase has officially received a license in France and can offer French users trading, custody, and several other related crypto services. Major American crypto exchange Coinbase Global Inc (NASDAQ: COIN) has officially registered as a virtual asset service provider (VASP) in France. The exchange is fully permitted to handle crypto services in the countries, allowing it to…
Alchemy Pay is continuing its expansion in the United States and has now gotten a money transfer license in Iowa. Crypto-fiat payment gateway Alchemy Pay has acquired a money services license in Iowa as part of plans to expand extensively into the United States. The acquisition of a license is in compliance with local state…
Commerzbank applied for a crypto custody business license with BaFin back in April 2022. It has become the first bank to win approval in Germany. One of Germany’s leading banks Commerzbank AG (CBK-DE: XETRA) has been granted a crypto custody license by the Federal Financial Supervisory Authority (BaFin), Germany’s financial regulator. Now Commerzbank is officially allowed…
Commerzbank, Germany’s fourth-largest bank, announced its become the first among its peers to secure the Crypto Custody License under Article 1 Section 1a Sentence 1 No 6 German Banking Act (KWG). The newly acquired license empowers Commerzbank to forge ahead in establishing a comprehensive range of digital asset services, with a specific emphasis on Bitcoin and…
BitGo confirms that it is delighted that its efforts to secure the new license have finally paid off. Crypto custody firm BitGo is now fully licensed to carry out its custody business in Germany, according to a recent CoinDesk report. This follows after the United States-regulated firm recently secured the appropriate license from the German…
While HKVAEX aims to secure a license under the SFC for virtual asset trading, Binance has remained reticent about its own licensing pursuits in Hong Kong despite acknowledging the region’s growing prominence within the global crypto market. Binance, the world’s largest cryptocurrency exchange, has allegedly opened up a new digital asset trading platform in Hong…
By securing the latest regulatory approval, Coinbase would be able to offer its eligible customers access to regulated perpetual futures contracts on the Coinbase Advanced platform. Coinbase International Exchange, holding a class F license granted by the Bermuda Monetary Authority (BMA), has disclosed that it has secured further regulatory clearance. This authorization now permits Coinbase…
Until FTX collapsed in November, FTX Europe was the only firm offering special crypto derivatives (perpetual futures) to the European market. Reports have emerged that Coinbase considered acquiring FTX Europe after the exchange’s bankruptcy in November. While the acquisition talks were not successful, Coinbase’s interest in FTX Europe underlines how important derivatives have become to…
The issuance of this license, provided by the Arkansas Securities Department, marks a pivotal moment for Alchemy Pay as it is the company’s first Money Transmitter License within the United States. Alchemy Pay, a cryptocurrency payment gateway, has significantly expanded its global presence by securing a Money Transmitter License in the state of Arkansas, United…
According to an OKX exec, the exchange is in the final stage and has banks waiting on regulatory approval in the form of a license. Popular OKX crypto exchange is close to getting a virtual asset provider license (VASP) in Hong Kong and is in the final stage of the process. If all goes well,…
The move by Rhode Island regulators comes mere weeks after X acquired money transmitter licenses in Michigan, Missouri, and New Hampshire. Social media site X, formerly known as Twitter, has secured a license that would allow it to facilitate cryptocurrency payments and trading in the United States. According to Nationwide Multistate Licensing System data, the…
Rhode Island has officially approved a license requested by Twitter Payments LLC, X’s payment branch, to be able to store, transfer, and exchange Bitcoin and other digital assets on behalf of its users. The currency transmitter license is required for companies who want to perform these activities related to Bitcoin and crypto on behalf of its users. This…
As Komainu secures Dubai’s VARA license, it can offer a wide range of custody services, including collateral management and institutional staking. Komainu, a crypto joint venture between Nomura, CoinShares and Ledger, has recently secured a full operating license from Dubai’s Virtual Asset Regulatory Authority (VARA). Last year in November 2022, the joint venture only secured…
In the realm of music, the rise of AI-generated content has sparked a dynamic conversation about copyright, innovation, and the future of creative expression. Universal Music Group (UMG), one of the world’s leading music companies, is reportedly negotiating with Google to license melodies and vocal tracks of artists for use in songs generated by Artificial…
The new MPI license makes it possible for Blockchain.com to offer regulated digital payment token services to institutions and accredited investors. On August 1, the Monetary Authority of Singapore (MAS), the Singapore Central Bank, granted Blockchain.com a major payment institution (MPI) license. The crypto exchange is now able to provide accredited customers with digital payment…
Securing this license would mean that TikTok would be directly competing with big e-commerce companies like Shopee and Lazada in Southeast Asia. Short video platform TikTok’s parent company ByteDance is recently in the early stages of discussions in order to secure a payment license in Indonesia. This shall further help TikTok to bolster its e-commerce…
Nomura’s move to launch virtual assets and brokerage services in Dubai is well-timed. It comes amid a growing interest and demand for digital assets among institutional and retail investors worldwide. Nomura, one of the largest financial services groups in Asia, announced on Monday that it has obtained a full license from Dubai’s Virtual Asset Regulatory…
With this license, Binance can now offer approved virtual asset services, further solidifying its reputation as a responsible player in the crypto market. Binance has become the world’s first exchange to secure an operational Minimum Viable Product (MVP) license from Dubai’s Virtual Asset Regulatory Authority (VARA). This milestone grants Binance the privilege to provide exchange…
As of now, Binance retains the majority of the crypto market share despite the regulatory challenges. Binance has withdrawn its application for a crypto license in Germany, citing the changing situation in the global market and regulation. Earlier in June, reports emerged suggesting that the German Federal Financial Supervisory Authority (BaFin) declined the exchange’s license…