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SBI VC Trade has become the first firm in Japan to receive regulatory approval to handle stablecoins. The exchange plans to start processing USDC transactions on March 12. According to a report by CoinDesk Japan, SBI Group’s crypto trading firm…
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Transak has secured Money Transmitter Licenses in Illinois and Missouri, expanding its reach into the U.S. market. The newly acquired licenses in the two U.S. states will enable the web3 payment infrastructure provider to operate independently in Illinois and Missouri,…
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DeFi platform MANTRA Finance has obtained a Virtual Asset Service Provider license from Dubai regulators to operate as a trading platform in the UAE. According to a press release sent to crypto.news, after receiving the VASP license, the DeFi platform…
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LTP has obtained five key licenses from the Hong Kong Securities and Futures Commission, positioning itself as a regulated leader in the industry. The licenses, granted to its Hong Kong subsidiary LiquidityTech Limited, cover a broad range of regulated activities. …
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Ripple was awarded financial licenses in New York and Texas, which allow the firm to extend its payment services to more U.S. users.
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The People’s Bank of China highlights Hong Kong’s active crypto licensing, as well as the prominence of cryptocurrency as an emerging trend in several countries in its recent Financial Stability report. In an excerpt from the Financial Stability Report 2024,…
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BlackRock has received a license to operate in Abu Dhabi, further expanding its business into the Middle Eastern region after gaining approval from Saudi Arabia just last month. According to a Bloomberg report published on Nov. 18, the investment management…
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XREX, a crypto exchange in Asia focusing on cross-border payments, has secured in-principle approval for a Major Payment Institution (MPI) license in Singapore. On Nov. 17, XREX announced on X (formerly Twitter) that it had received initial approval from the…
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South Korean crypto exchange Upbit has secured an in-principle approval (IPA) from the Singapore regulator, the Monetary Authority of Singapore. The license will allow Upbit to provide regulated digital payment token services in Singapore while waiting to receive the full operating…
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Ripple has secured a Major Payments Institution (MPI) license from the Monetary Authority of Singapore (MAS)
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Blockchain firm Ripple has acquired Fortress Trust, a chartered trust company in Nevada, adding to its existing roster of regulatory licenses across multiple U.S. states. Ripple, a blockchain firm, has expanded its reach with the acquisition of Fortress Trust, a…
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OKX is in the final stage of preparing its VASP license application to operate in Hong Kong, aiming to attract up to 200,000 retail users within a year of approval. Lennix Lai, the global chief business officer of OKX, one…
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HashKey Capital, the first licensed crypto exchange in Hong Kong, has announced the launch of a new secondary market crypto fund. The fund will use a significant portion of its assets to invest in the cryptocurrency industry, targeting different cryptocurrencies.…
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SEBA received an in-principle license approval from the Hong Kong SFC. The in-principle approval from the financial authority will allow the entity to operate in the crypto industry.
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Twitter has secured a currency transmitter license from Rhode Island, marking a significant step towards the platform’s potential involvement in the financial sector.
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Dubai now offers web3 and artificial intelligence (AI) projects a 90% license-fee discount. The city of Dubai in the United Arab Emirates is offering a 90% subsidy on commercial licenses for artificial intelligence (AI) and web3 businesses. The tech hub…
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