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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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The same week that Bulgarian authorities were raiding Nexo’s offices and indicting four individuals for charges related to money laundering, the crypto lender filed suit in the Cayman Islands.In a document dated Jan. 12, Nexo filed a lawsuit against the Cayman Islands Monetary Authority, or CIMA, for denying its registration
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Nigerian crypto exchange Roqqu was granted a virtual currency license for the European Economic Area, after two years waiting for the permission from regulatory authorities. The move allows the firm to operate in 30 countries and broaden its services within one of the world's largest crypto markets.Speaking to Cointelegraph, the
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His worry is that, under Maurey’s plans and until MiCA is up and running, crypto firms based in other EU member states could have to seek a duplicate license in France – despite the fact that MiCA is supposed to ensure they can operate across the bloc with a single
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