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The VASP license remains non-operational until OKX fulfills specific conditions. However, once granted, it will allow OKX to offer virtual assets exchange services to institutional and qualified retail customers. Crypto exchange OKX has announced that its subsidiary, OKX Middle East Fintech FZE, has received the Virtual Asset Service Provider (VASP) license from Dubai’s Virtual Assets […]
The new bill seeks to introduce a crypto regulatory framework that aligns with the EU’s MiCA. Poland’s Financial Supervision Authority (KNF) will supervise cryptocurrencies and impose penalties where applicable. Poland’s financial markets regulator plans to have a crypto regulatory framework in place by the end of the year, the Finance Magnates has reported. According to […]
Mike Novogratz expects SEC to approve a Spot Bitcoin ETF this year. Barclays analyst does not expect that to be a huge benefit for Coinbase. Coinbase stock is currently down over 30% versus its year-to-date high. Mike Novogratz – the Chief Executive of Galaxy Investment Partners expects the Securities & Exchange Commission to approve a […]
The New York Department of Financial Services (NYDFS) says Genesis Global Trading will pay an $8 million fine and surrender its BitLicense. NYDFS said in a press release that investigations found the crypto platform had significant failings in its anti-money laundering and cybersecurity programs. Genesis Global Trading is a subsidiary of Digital Currency Group and […]
Coinbase obtained the Virtual Assets Service Provider (VASP) approval from French regulator Autorité des Marchés Financiers (AMF). The exchange has approval to offer crypto custody and trading services to retail and institutional investors. Coinbase has received regulatory approval to offer its crypto exchange services and products in France, the firm announced on Thursday. As CoinJournal […]
Binance and OKX have introduced localized domains and reduced offerings to comply with FCA’s FinProm rules. The FCA has added other major exchanges like KuCoin and HTX to the list of “non-authorized firms.” Besides crypto exchanges, crypto money payment company MoonPay has also complied with the new regulations. Leading cryptocurrency exchanges Binance and OKX, along […]
The HM Treasury today published a policy update to the country’s crypto regulation. In it, the UK government has outlined the FCA’s regime in stablecoin regulation. The Bank of England (BoE) and the Payment Systems Regulator (PSR) will also have a role. The UK government has published a policy update outlining a phased regulation of […]
Paving the way for digital securities legislation, the UK partners with finance and tech sectors. Pullix, a hybrid exchange, introduces PLX token, “Trade-to-Earn” concept, and a diverse ecosystem. Pullix’s ecosystem includes off-chain order book, lending protocol, and VaultX. In a significant move toward embracing the burgeoning crypto landscape, the UK government has announced plans to […]