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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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While challenging to implement, the FATF’s Travel Rule is a crucial step towards greater transparency and security in the crypto space.
News
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…
News
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…
News
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…
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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.
News
Major cryptocurrency exchange Gemini recently obtained approval from the Central Bank of Ireland (CBI) to operate as a virtual asset service provider in the country. The latest development comes shortly after the exchange slashed its workforce. Gemini Secures VASP Registration…
News
Binance’s Spanish subsidiary Moon Tech Spain has been granted registration as a Virtual Asset Services Provider (VASP) by the Bank of Spain. The move comes after the exchange gained European registration in both France and Italy. Binance Subsidiary Gets Green…
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