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British Fintech Revolut Granted Crypto License in Cyprus – Regulation Bitcoin News

U.K.-based digital bank Revolut has been authorized by Cyprus to provide cryptocurrency services to millions of customers on the Old Continent. The fintech firm says the regulatory approval will allow it to establish a European crypto hub in the island nation. Revolut to Expand Crypto Services for Europeans From Cyprus A leader

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Singapore-based cryptocurrency exchange continues to aggressively expand its reach, becoming the latest crypto firm officially authorized to operate in has received regulatory approval from the Cyprus Securities and Exchange Commission (CySEC), the firm announced to Cointelegraph on July 22.The approval enables to offer a number of products

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Cyprus’ finance ministry recommends ‘capacity building’ for crypto

Cyprus is moving to regulate the cryptocurrency industry, with the country’s finance ministry releasing a national risk assessment on crypto.Published on Monday, the official documentation provides a risk assessment for the Republic of Cyprus regarding money laundering risks related to virtual asset activities and virtual asset service providers (VASPs).The Ministry of

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Cyprus Hospital Ready to Store COVID-19 Test Results on Blockchain

Blockchain tracking platform VeChain announced on Twitter on June 20 that its blockchain-based medical data management platform co-developed with digital healthcare solution firm I-Dante has gone live and will store COVID-19 testing results. The platform, dubbed E-NewHealthLife, was deployed in the Mediterranean Hospital in the Republic of Cyprus.Cyprus citizens who

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Cyprus Hospital to Deploy DLT-Based Medical Data Management

Blockchain tracking platform, VeChain, announced that it co-developed a blockchain-based medical data management platform in partnership with digital healthcare solution firm I-Dante.The platform, dubbed “The E-NewHealthLife”, is set to see deployment at the Mediterranean Hospital of Cyprus — with the European island’s healthcare sector reportedly operating with numerous inefficiencies resulting

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Cyprus SEC Flags 3 Trading Platforms That Look Suspiciously Similar

Cyprus’ Securities and Exchange Commission (CySEC) recently issued a warning against almost 200 unregistered investment platforms, three of which look strikingly similar and falsely advertise ties to licensed and regulated firm BDSwiss.The CySEC posted an update to its list of unapproved website addresses on Dec. 10, which now contains

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Cyprus Securities Regulator Calls for Adoption of EU Anti-Money Laundering Framework

The Cyprus Securities and Exchange Commission (CySEC) is calling for the transposition of the European Union (EU)’s Fifth Anti-Money Laundering (AML) Directive (AMLD5) into national law — bringing local regulation of cryptocurrencies under its provisions. CySEC’s announcement and consultation paper on the matter were published on Feb. 19.Тhe directive, which

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