Paxos received the in-principle approvals (IPAs) of the Financial Services Regulatory Authority (FSRA) in the Abu Dhabi Global Market (ADGM) to offer USD-backed stablecoins among other crypto services. In a bid to expand its crypto-related services in the Middle East, Paxos Trust Company LLC has announced that it has received the necessary regulatory approval to…
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…
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…
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…