Search Results for "license"
Crypto.Com Secures EMI License to Offer Bank Transfers to Maltase Customers
Crypto.com has obtained a license to operate in Malta, expanding its international footprint for its global money transfer services.
SBI Invests $15 Million into Alpaca, Forges Partnership
Alpaca and SBI Holdings have entered into a strategic partnership, bolstered by a USD15 million investment, to accelerate Alpaca’s business expansion in Asia. This collaboration will extend Alpaca's services to more enterprise financial institutions in Asia for US securities transactions. The investment, a convertible note, takes Alpaca’s total funding to USD120 million, enabling further growth in the Asian market and new product introductions in the U.S.
Crypto Exchange Binance Withdraws Crypto License Application in Germany
Binance has withdrawn its application for a crypto license in Germany. The German Federal Financial Supervisory Authority (BaFin) advised the exchange to withdraw its application.
Minax Secures U.S. MSB License, Advancing Global Compliance Infrastructure for Digital Finance
Minax Group Global Limited has obtained the U.S. Money Services Business license, allowing it to operate key financial services across all 50 U.S. states and overseas territories, enhancing its compliance with global users.
Binance Reaching a Larger User Base by Applying for Singapore’s New Crypto License
Crypto exchange Binance has applied for a license in Singapore under the country’s Payment Services Act, a new framework that came into effect on Jan. 28.
NYDFS to Assess Supervisory Costs from Licensed Crypto Firms
The NYDFS will assess supervisory costs from licensed crypto firms in the state of New York to add top talent to its virtual currency team. This new regulation provides the Department with additional tools and resources to regulate the virtual currency industry.
Binance Secures First Operational MVP License from Dubai's VARA
Binance has become the first to receive an Operational MVP License from Dubai's Virtual Assets Regulatory Authority (VARA), enabling regulated virtual asset services.
Bitcoin of America indicted for operating unlicensed kiosks
Bitcoin of America, a Bitcoin technology firm, along with three of its executives, has been indicted for allegedly operating more than 50 unlicensed crypto kiosks in Ohio that knowingly benefited from victims of cryptocurrency scams. The firm is facing charges of money laundering, conspiracy, and other crimes connected to the operation of the kiosks, which authorities believe have been operating and evading regulatory safeguards and financial compliance requirements since 2018.
Coinbase Secures Major Payment Institution License from Singapore's Monetary Authority
Coinbase has obtained a Major Payment Institution (MPI) license from the Monetary Authority of Singapore (MAS), marking a significant milestone in its expansion into the Asian market. The license will enable Coinbase to offer digital payment token services to both individual and institutional clients in Singapore. This move aligns with the company's strategy to tap into Singapore's growing crypto and Web3 ecosystem.
BitGo Receives Regulatory Approval from Italy
BitGo joins other crypto firms in gaining clearance to operate in Italy.
Virtual Money Is Regulated In Alaska
Digital currency enterprises in Alaska must receive a money transmission license by January 1, 2023. Investments and monetary worth will incorporate virtual money. Investors in Alaska, South Dakota, Wyoming, New Hampshire, Nevada, Texas, Tennessee, and Florida still pay no capital gains tax.
South Korea Intensifies Measures Against Unlicensed Crypto Exchanges
South Korea's financial regulators are urging public disclosure of unlicensed crypto exchanges, as part of their efforts to regulate the digital asset market and safeguard investors.