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Ripple says it received a license to operate as a major payments institution from Singapore's central bank allowing it to continue operations in the country after receiving in-principle approval in June.In an Oct. 4 blog post, the company said its local entity, Ripple Markets APAC Pte Ltd, was granted the full
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The SEC’s recent approval of Ethereum ETFs confirms its status as a non-security, says former CFTC Chairman Brian Quintenz, who is currently a head of policy of a16z crypto. On Oct. 2, the financial market welcomed a total of nine ETF products aimed at tracking futures contracts linked to Ether, the
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Celsius Network filed for Chapter 11 bankruptcy protection in April 2022, hoping to restructure its debt and find a buyer for its assets. Celsius Network, the bankrupt crypto lending company, has taken a significant step forward in prioritizing the needs of its creditors. The company is currently seeking court approval to
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For GSR, Coinbase, and other firms like them, it appears that Singapore presents the perfect market opportunity. The regulatory compliance efforts of crypto trading firm and liquidity provider GSR in Singapore may have finally paid off. This follows after its Singaporean branch, GSR Markets Pte. Ltd recently secured an in-principle Major
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Cryptocurrency trading firm and liquidity provider GSR's Singaporean subsidiary, GSR Markets Pte. Ltd, has received an in-principal approval from the Monetary Authority of Singapore (MAS) for a Major Payment Institution (MPI) license. "GSR is proud to have met the rigorous admission requirements set by MAS and will be working diligently towards
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If approved, the move marks a significant step towards providing investors with transparent and regulated access to crypto within familiar product structures. Grayscale Investments, one of the world’s largest asset management companies, has submitted a formal request to the US Securities and Exchange Commission (SEC) for approval to convert the Grayscale
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Coinbase is the latest crypto company to secure full regulatory approval in Singapore. The U.S. exchange’s Singaporean arm announced it had received a Major Payment Institution (MPI) license issued by the Monetary Authority of Singapore (MAS), becoming a fully authorized player in Singapore. The platform had secured a temporary licensing exemption
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With the license approval, Coinbase has now joined the ranks of other crypto companies with full licenses, demonstrating the country’s commitment to fostering a vibrant and well-regulated digital assets ecosystem. Leading American cryptocurrency exchange Coinbase has been granted an operational license in Singapore through its subsidiary to service its customers in
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The asset manager Thursday said it had already begun purchasing ether futures contracts. Source
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"Today, the Valkyrie Bitcoin Strategy ETF (Nasdaq: $BTF) began adding exposure to Ether futures contracts, making it the first US ETF to provide exposure to Ether and Bitcoin futures contracts under one wrapper," a spokesperson told CryptoX in an email statement. Source
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