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Philippines Central Bank to Suspend Issuing Licenses to New Virtual Asset Service Firms

Philippines Central Bank to Suspend Issuing Licenses to New Virtual Asset Service Firms

The central bank said it will stop processing licenses for new virtual asset services providers (VASP) for three years.

HashKey Launches Wealth Management Platform for Institutional Investors

HashKey Launches Wealth Management Platform for Institutional Investors

HashKey Group has launched a wealth management platform for professional and institutional investors in response to growing demand for virtual assets. The Hong Kong-based digital asset firm is expanding its over-the-counter trading service and increasing its liquidity coverage to 24/7.

Ripple Receives Approval for Digital Payment License from MAS

Ripple Receives Approval for Digital Payment License from MAS

Ripple, a leading provider of enterprise blockchain and cryptocurrency solutions, has announced a significant milestone for its Singapore subsidiary, Ripple Markets APAC Pte Ltd.

Crypto Firm Bits of Gold Obtains Capital Markets License from Israeli Regulator

Crypto Firm Bits of Gold Obtains Capital Markets License from Israeli Regulator

Bits of Gold is the first crypto firm to receive this license, which will enable it to work with local banks and financial institutions.

Korea’s Jeju Island Introduces Blockchain-Fueled COVID-19 App for Tourism

Korea’s Jeju Island Introduces Blockchain-Fueled COVID-19 App for Tourism

To recover from COVID-19 tourism losses, South Korea has introduced a blockchain-powered digital app for visitors of Jeju Island to ensure safe travels.

Gate.io Closer To US Debut Following Local Licensing

Gate.io Closer To US Debut Following Local Licensing

Gate US, the U.S. branch of Gate.io, the fourth biggest cryptocurrency exchange by trading volume, claims it has operating licenses in multiple jurisdictions. Gate US would not specify what states it has gotten permits from but stated it is not accepting consumers from the nation at this time. It joins other top US exchanges by volume including Binance US and Gemini.

Binance Australia Derivatives License Canceled by ASIC

Binance Australia Derivatives License Canceled by ASIC

ASIC has canceled the financial services license of Binance Australia Derivatives after reviewing Binance's operations in the country. Clients must close their existing derivatives positions before April 21.

Binance Gets Business License to Offer Trading Services in Dubai

Binance Gets Business License to Offer Trading Services in Dubai

Binance has continued to make its foray into the global crypto markets. The leading exchange gets a new business license in Dubai, where the company intends to establish a regional headquarter there.

Alibaba Launches NFT Marketplace for Copyright Trading

Alibaba Launches NFT Marketplace for Copyright Trading

Alibaba has launched a new marketplace for trading copyright licenses.

Ripple Gains Major Payments Institution License from Singapore's Monetary Authority

Ripple Gains Major Payments Institution License from Singapore's Monetary Authority

Ripple, a leading enterprise in blockchain and crypto solutions, has secured a Major Payments Institution (MPI) license from the Monetary Authority of Singapore (MAS). This follows the in-principle approval granted to Ripple in June 2023. The license will enable Ripple to continue offering regulated digital payment token services in Singapore, a key market for the company.

Paypal Crypto Owners Can Now Transfer Tokens to Wallets

Paypal Crypto Owners Can Now Transfer Tokens to Wallets

Fintech giant Paypal Holdings has upgraded its crypto wallet capabilities. Users of the app can now send supported digital assets to other wallets.

Dubai Regulator Grants Virtual Asset License to Former Singapore Legislator's Company

Dubai Regulator Grants Virtual Asset License to Former Singapore Legislator's Company

The VARA license allows Calvin Cheng- a former Singaporean member of Parliament, for his Web3 company to operate within Dubai’s crypto market.

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