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Read more - XREX receives approval for crypto payment services in Singapore
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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Read more - Upbit receives license from Singapore’s financial regulator
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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Read more - Ripple obtains MPI license from Singapore’s MAS
Ripple has secured a Major Payments Institution (MPI) license from the Monetary Authority of Singapore (MAS)

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Read more - Ripple acquires Nevada-based trust company to expand US licensing
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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Read more - OKX nears final stage of preparing for Hong Kong license application
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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Read more - Hong Kong’s first licensed crypto exchange HashKey launches fund
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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Read more - Hong Kong grants crypto license to Swiss bank SEBA’s branch
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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Read more - X (Twitter) obtains license to trade crypto in Rhode Island
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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Read more - Dubai offering 90% license fee discount to web3 projectsÂ
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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Read more - Uzbekistan grants operating license to crypto service
Paynet Crypto secures license in Uzbekistan, marking a positive shift in the nation’s crypto stance. The former Minister of Foreign Affairs of Uzbekistan, Vladimir Norov, announced on Twitter that Paynet Crypto, a company behind Paynet payment system, had acquired a…

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Read more - Singapore grants payment institution license to Blockchain.com
Blockchain.com has received a license from Singapore’s regulatory body, the Monetary Authority of Singapore (MAS). The announcement follows the previous approval that the company received in September of last year from the MAS. The new license will allow the exchange…

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Read more - Coinbase-backed Rain secures crypto license in UAE
Rain crypto exchange has secured a regulatory license from United Arab Emirates (UAE) authorities. Rain Exchange, a Bitcoin (BTC) trading venue headquartered in Bahrain, has secured regulatory approval from UAE authorities to operate its digital assets brokerage and custody platform.…

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Read more - Dubai withdraws crypto exchange’s license for non-compliance
Dubai's digital asset regulator, the Virtual Asset Regulatory Authority (VARA), has suspended crypto exchange BitOasis from operating in the region.

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Read more - Twitter receives money transmitter licenses in 3 US states
Twitter has recently obtained money transmitter licenses in Michigan, Missouri, and New Hampshire, as confirmed by Nationwide Multistate Licensing System database records. This development indicates the social media platform's intention to potentially expand into the realm of payment services.

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Read more - Binance withdraws license application in Austria
Binance, the world’s largest cryptocurrency exchange, is facing setbacks in expanding its operations in German-speaking countries. It has recently decided to retract its license application from the Austrian financial regulator FMA. This withdrawal marks yet another setback in Binance’s efforts…

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Read more - Ripple secures in-principle payments license in Singapore
San Francisco-based blockchain firm Ripple has received in-principle regulatory approval from the Monetary Authority of Singapore (MAS) to operate in the country.