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The license means Boerse Stuttgart Digital will be able to provide institutional investors with services for trading crypto as well as fiduciary custody, Germany's second-largest stock exchange said in an email Thursday. Among the institutions it expects to make use of the offering are banks, brokers, asset managers and family
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This week in crypto, Silicon Valley Bank’s former parent company, SVB Financial Group (SIVB), filed for Chapter 11 bankruptcy protection, with Signature bank following in its footsteps. Despite these foreboding events, bitcoin (BTC) has rallied to its highest price since June 2022. Meanwhile, the digital asset service Damex announced the
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The eurozone supervisor is seeking to smooth out a process dominated by German and Luxembourgish banks. Source
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Crypto.com has announced its receipt of a Minimal Viable Product (MVP) Preparatory license from Dubai's Virtual Asset Regulatory Authority (VARA).This preparatory phase operations license came after the exchange obtained provisional approval from the regulator in Dubai last year. In the preparatory stage, the MVP license allows the exchange to fulfill
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CryptoWallet becomes one of the few companies that managed to renew an Estonian virtual asset provider license amid tighter regulatory measures toward crypto companies in the EU. According to a press release shared with crypto.news on March 17, CryptoWallet received a stamp of approval from Estonia’s Financial Intelligence Unit (FIU). The
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Binance rebranded its custody arm to Ceffu earlier this month. Source
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Finoa, which has been operating under a preliminary crypto custody license since January 2020, also closed a strategic venture round led by new investor Middlegame Ventures and including existing investors Balderton Capital, Coparion, Venture Stars, and Signature Ventures. The size of the investment was not disclosed. Original Source
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Singapore-based Alchemy Pay is quite popular for offering on and off-ramps, crypto payments, as well as NFT checkout to Web3 platforms. In a recent development, the crypto gateway platform Alchemy Pay announced securing a license from the central bank of Indonesia in cooperation with local fintech firm Berkah Digital Pembayaran. As
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Alchemy Pay has obtained a license from the central bank of Indonesia to operate remittances and fund transfers in cooperation with the local fintech Berkah Digital Pembayaran.Announcing the news on Feb. 27, Alchemy Pay noted that the Bank of Indonesia issued the licenses jointly to Alchemy Pay and Berkah Digital’s
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Huobi saw its native token value surge on news that it had applied for a crypto trading license in Hong Kong. Huobi token (HT) has experienced an 18% surge following Huobi’s application for a crypto trading license in Hong Kong. The HT token traded at $6.1 as of press time, the
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