Barclays-backed Copper withdraws UK crypto license application
[Dec 20 9:57 AM] The UK FCA previously said that almost 90% of annual crypto license applications had failed as of September.
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Crypto compliance ‘no longer optional’ under Australia’s new draft guidelines
[Dec 4 6:30 AM] Sweeping proposed changes would force most crypto firms in Australia to obtain financial licensing, which some worry could drive innovators offshore.
SafePal launches Telegram crypto wallet with Visa card support
[Nov 2 6:00 AM] SafePal’s new Mini Wallet App will enable 950 million Telegram users to create individually owned and compliant crypto-friendly Swiss bank accounts, the firm said.
Binance Kazakhstan Receives Formal Consent for Regulatory License
[Sep 7 1:30 AM] Binance Kazakhstan received formal consent from the Astana Financial Services Authority (AFSA) for a full regulatory license, marking a major step toward becoming Kazakhstan’s first fully regulated Digital Asset Trading Facility (DATF). The…
Court Upholds $1,000 Cap on Daily Crypto ATM Withdrawals in California
[Sep 4 10:10 PM] A California Superior Court has upheld the Digital Financial Assets Law, which includes a $1,000 daily withdrawal limit for cryptocurrency ATMs. The law also requires crypto ATM operators to obtain licenses and comply with fee limits and new…
SEC Revokes Lufkin Advisors’ Registration Amid Fraudulent Crypto Activities
[Jun 27 7:35 PM] The U.S. Securities and Exchange Commission (SEC) instituted administrative proceedings against Lufkin Advisors LLC on Wednesday. This follows an offer of settlement from Lufkin Advisors, which the SEC has accepted. The SEC found that Lufkin…
Makerdao Co-Founder Rune Christensen: Defi Frontends Might Need Licenses to Operate in Europe
[Apr 5 11:35 PM] Rune Christensen, a co-founder of the Makerdao project, has warned about the possible disruptions linked to hypothetical EU-wide requirements for defi fronteds to receive a license for operating. Christensen said this would decelerate the EU to the…
Ghana’s Central Bank Names Eight Money Transfer Companies Operating Without Its Approval
[Nov 23, 2023 1:00 AM] The Bank of Ghana recently pointed the finger at eight money transfer organizations which are allegedly operating in Ghana’s remittances and forex market without its approval. The central bank also warned the public and regulated financial…
Bitget Subsidiary Drops Hong Kong License Pursuit Amidst OSL Acquisition Rumors
Paxos to issue USD stablecoin in Singapore, wins initial approval
[Nov 15, 2023 8:53 PM] The USD-backed token will comply with Singapore’s upcoming stablecoin laws and be issued through a new local Paxos entity that’s received initial approval.
Germany’s Fourth Largest Bank Commerzbank Granted Bitcoin And Crypto Custody License
[Nov 15, 2023 9:37 AM] Commerzbank, Germany’s fourth-largest bank, announced its become the first among its peers to secure the Crypto Custody License under Article 1 Section 1a Sentence 1 No 6 German Banking Act (KWG).The newly acquired license empowers Commerzbank…
Ex-FTX execs team up to build new crypto exchange 12 months after FTX collapse: Report
[Nov 11, 2023 9:20 PM] The cryptocurrency exchanges offers a self-custody solution that integrates a multiparty computation technique to secure funds.
South Korean Crypto Exchange Upbit Obtains Regulatory Approval in Singapore
[Oct 18, 2023 5:30 AM] Leading South Korean crypto exchange Upbit has been granted regulatory approval by Singapore’s main financial regulator. The authorization will allow the trading platform to provide regulated services in the Southeast Asian city-state which has…
South Korean exchange Upbit gets initial license nod from Singapore
[Oct 15, 2023 6:46 PM] Upbit Singapore scored initial approval from the country’s central bank and financial regulator for a local crypto license.
Estonia-Licensed Crypto Firms Blamed for €1 Billion in Damages
[Oct 9, 2023 10:30 PM] Bad actors exploited Estonia’s once liberal licensing regime for crypto companies to defraud investors and commit other crimes, an investigative report claims. The authors say they discovered dozens of such cases, including scams and schemes for…
Ripple gets formal approval for Singapore payments license
[Oct 3, 2023 8:43 PM] Ripple said it received its fully-fledged digital payment tokens license from the Monetary Authority of Singapore.
Swiss SEBA Bank Obtains In-Principle Approval to Offer Crypto Services in Hong Kong
[Aug 30, 2023 9:30 PM] 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…
SEBA Bank secures in-principle nod for crypto services in Hong Kong
[Aug 29, 2023 7:00 PM] SEBA Hong Kong’s approval joins a flurry of regulated crypto activity that’s taken place over the past month.
Australia-Based Crypto Lender Sentenced for False Credit License Claims
[Aug 21, 2023 5:30 AM] 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…
Hong Kong Securities Regulator Warns Unlicensed Crypto Exchanges
[Aug 10, 2023 3:00 AM] 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…
Blockchain․com Obtains Payment License in Singapore
[Aug 9, 2023 3:30 AM] 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…
Blockchain.com scores payment license from Singapore central bank
[Aug 7, 2023 5:44 PM] The crypto exchange is the 12th to receive a crypto-dealing license in the country allowing it to service accredited investors and institutions.
Binance Users Reach 150 Million, CZ Reveals
[Aug 5, 2023 12:00 AM] Registered users of Binance have hit 150 million, the crypto exchange’s founder and CEO, Changpeng Zhao (CZ), announced on social media. The milestone has been reached despite increased regulatory pressure on the world’s largest trading platform…
Binance Obtains Dubai License to Provide Crypto Exchange Services
[Aug 2, 2023 5:30 AM] The world’s largest cryptocurrency exchange, Binance, has received a license to operate in Dubai as a regulated platform. The authorization will allow the crypto giant to offer exchange and other services for virtual assets to institutional and…
Binance Withdraws Its Crypto License Application in Germany
[Jul 28, 2023 5:30 AM] The world’s largest exchange for digital assets, Binance, has withdrawn its application for a German crypto custody license. The trading platform made it clear it’s not giving up on plans to eventually obtain authorization from the Federal Republic…
Securities Commission Cancels FTX Australia’s License
[Jul 21, 2023 3:30 AM] Australia’s securities regulator has canceled the license of the local FTX entity, allowing it to perform only limited financial services. These will be related to the termination of derivatives with clients and arrangements to compensate retail…
Australia's financial regulator cancels license for FTX's local entity
[Jul 18, 2023 9:31 PM] ASIC had previously suspended FTX's license to operate in Australia, now the securities regulator has canceled it entirely.
Binance Reportedly Denied Crypto License in Germany
[Jul 1, 2023 12:30 AM] Germany’s financial regulator has refused to grant Binance a crypto custody license, according to a media report. A rejection would prevent the exchange from advertising and growing in the major European market and deal another blow to its efforts…
Binance Unit in Britain Cancels UK Regulatory Authorization
[Jun 20, 2023 3:30 PM] Britain’s financial regulator has approved a request by Binance to cancel its regulatory permissions in the United Kingdom. The move comes as the world’s leading cryptocurrency exchange takes steps to focus on fewer European markets amid increased…
SEC Actions in US May Affect Binance in Other Regions, Hong Kong Lawyer Says
[Jun 7, 2023 11:30 PM] The crackdown initiated by the U.S. Securities and Exchange Commission (SEC) may affect Binance in other regions and its license application in Hong Kong, according to a crypto-compliance lawyer. The expert believes the regulator wants the largest…