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OKX In Final Stage To Obtain Hong Kong VASP License As Retail Trading Market Grows

4.9.2023
Digital asset exchange, OKX has entered the final stage to obtain a Virtual Asset Service Provider License (VASP) in Hong Kong. Hong Kong’s pro-crypto stance in 2023 has seen firms apply for licenses to offer multiple crypto trading services in the country. At the moment, Hong Kong authorities...

OKX crypto exchange enters final stage of Hong Kong VASP license application

4.9.2023
The Hong Kong regulators have only approved a handful of crypto exchanges to date that are permitted to offer crypto retail trading services

Colorado DMV Accepts Crypto Payments Through Paypal

2.9.2023
The Colorado Department of Motor Vehicles (DMV) has announced it accepts cryptocurrency for its online services via the payment processor Paypal. Besides paying local taxes with coins, residents of the crypto-friendly state will be able to use their digital cash to renew driver’s licenses...

Swiss SEBA Bank Obtains In-Principle Approval to Offer Crypto Services in Hong Kong

31.8.2023
Switzerland-based crypto-friendly SEBA Bank announced it has received an approval-in-principle to operate in Hong Kong. The regulatory nod brings the Swiss bank’s local entity closer to becoming a licensed provider of various services for crypto assets in the Chinese region. SEBA Bank Takes a Step...

Elon Musk's X Social Media Platform Acquires Crypto Payments License

30.8.2023
The social media platform X, formerly known as Twitter, has acquired a regulatory license that enables it to process cryptocurrency payments in the US. The specific license is the Rhode Island Currency Transmitter License, issued to X on August 28, according to publicly available data from...

SEBA Bank secures in-principle nod for crypto services in Hong Kong

30.8.2023
SEBA Hong Kong’s approval joins a flurry of regulated crypto activity that’s taken place over the past month

Elon Musk’s X moves closer to crypto payments with new state license

30.8.2023
Regulators from Rhode Island have approved X’s application for a currency transmitter license

Crypto Collapse: Prime Trust’s Fall From Grace and the Disappearing Wallet Mystery

25.8.2023
After Prime Trust filed for bankruptcy protection, the company’s interim CEO Jor Law cited excessive spending, losses on the stablecoin terrausd, and problems accessing customer funds held in cold storage wallets as contributing factors. From Cold Storage to Cold Reality: The Dramatic Decline...

What Happens to Football NFTs Now That Panini Lost its License?

23.8.2023
Don’t worry, your NFTs aren’t going to be lost to the ether anytime soon

Nomura-Backed Crypto Custody Firm Komainu Wins Operating License in Dubai

22.8.2023
The company can now offer its full range of digital asset custody services to clients in the emirate, including institutional staking and collateral management

Nomura, CoinShares, Ledger joint venture Komainu wins Dubai crypto license

22.8.2023
Komainu attained the final step in VARA’s licensing process nearly 10 months after securing its MVP license in November 2022

Australia-Based Crypto Lender Sentenced for False Credit License Claims

21.8.2023
The Australian securities regulator recently revealed that the crypto lending platform Helio pleaded guilty to the allegation of falsely claiming to be a holder of the Australian Credit License (ACL). For admitting to committing the offense, Helio is said to have entered...

Crypto firm Helio Lending gets bond sentence over false license claims

18.8.2023
Melbourne-based crypto lender Helio Lending had previously pleaded guilty to falsely claiming it had an Australian credit license

Dubai Offers Web3 and AI Firms A 90% License Fee Cut, Seeks To Host Largest Tech Firms In MENA

15.8.2023
Dubai has announced a 90% registration subsidy for web3 and Artificial Intelligence (AI) companies seeking operational licenses in the city as it seeks to create the largest pro-tech hub in the Middle East and North African Region (MENA). Dubbed the Dubai AI and Web3 Campus, the city rolled out...

Hong Kong Securities Regulator Warns Unlicensed Crypto Exchanges

10.8.2023
The Securities and Futures Commission (SFC) of Hong Kong has issued a warning to unlicensed providers of crypto trading services. Concerned about their engagement in “improper practices,” the regulator also said investors should be aware that some of these platforms may never actually apply for...

Binance Expands Global Reach — Becomes Fully Licensed Crypto Exchange in El Salvador

10.8.2023
Binance has become a fully licensed cryptocurrency exchange in El Salvador, having obtained two licenses: a Bitcoin Services Provider license (BSP) and a Digital Assets Services Provider license (DASP). According to the company, Binance now has approvals and registrations in 18 markets worldwide....

Blockchain․com Obtains Payment License in Singapore

9.8.2023
Crypto company Blockchain․com has been granted a payment license in Singapore that will enable it to provide regulated services for digital assets. The authorization in the city-state, which is a major trading hub for the platform, is part of its efforts to comply with local regulations in...