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The British Overseas Territory Cayman Islands has implemented licensing requirement for crypto custody and trading platforms, effective from April 1. As of April 1, the updated Virtual Asset (Service Providers) (Amendment) Regulations, 2025 require that all firms providing custody and…
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Blockchain analysis firm Chainalysis has partnered with data and software solutions provider Lukka to enhance its Virtual Asset Service Providers risk product. VASPs play a crucial role in the crypto ecosystem by facilitating access and adoption for both retail and…
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Coinbase has secured regulatory approval to launch its platform in Argentina. The company obtained a Virtual Asset Service Provider registration from Argentina’s National Securities Commission, granting it permission to operate within the country’s virtual asset regulatory framework. Argentina’s ongoing economic…
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PayProtocol AG, the issuer of Paycoin, announced plans to terminate its virtual asset custody service for the Paycoin app in South Korea. This decision stems from challenges in the domestic regulatory environment, which have prevented PCI’s payment services from resuming…
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Ghana’s central bank has published draft guidelines for Virtual Asset Service Providers. According to the Bank of Ghana’s Aug. 16 draft, the nation has witnessed a spike in demand for cryptocurrencies, prompting the need for regulations to counter the various…
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Opinion
While challenging to implement, the FATF’s Travel Rule is a crucial step towards greater transparency and security in the crypto space.
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The well-known crypto exchange OKX announced its decision to withdraw its Virtual Asset Service Provider (VASP) license application from Hong Kong. In a notice posted on OKX’s blog, the exchange cited careful consideration of its business strategy as the inspiration…
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Cryptocurrency exchange Coinbase has received a license to operate in Canada.
News
The financial watchdog published suggested rules to protect digital asset customers under the Virtual Asset User Protection Act passed earlier in 2023. Â
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Dubai-based branch of Crypto.com, CRO DAX Middle East FZE, has received a virtual asset service provider license for certain virtual asset servicing activities. The license from the Dubai Virtual Assets Regulatory Authority (VARA) means that Crypto.com fully satisfies the selected…
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In a Nov. 8 post released on X, Open Exchange (OPNX) shares the announcement of their latest regulatory milestone in Europe.
News
In a press release dated Oct 31. WadzPay, a technology provider that facilitates virtual asset-based payments has shared the news that they have initial approval from Duba’s Virtual Assets Regulatory Authority (VARA), the competent entity in charge of regulating, supervising, and overseeing VAs and VA Activities.
News
Backpack, a leading provider of blockchain-based financial services, has announced the launch of its cryptocurrency exchange, Backpack Exchange.
News
BitGo head Mike Belshe said the firm is close to receiving approval from the Dubai regulator. Cryptocurrency custodian BitGo, backed by Goldman Sachs, is seeking expansion into the Middle East following a recent $100 million funding round, which brought the…
News
Bitget crypto exchange has launched BitgetX.hk, a new platform dedicated to its Hong Kong customers.
News
OKX exchange has set up shop in crypto-friendly Hong Kong and is now on the verge of applying for a virtual asset service provider (VASP) license in the region.
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