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BitGo head Mike Belshe said the firm is close to receiving approval from the Dubai regulator. Cryptocurrency custodian BitGo, backed by Goldman Sachs, is seeking expansion into the Middle East following a recent $100 million funding round, which brought the company’s valuation to $1.75 billion. In an interview with Financial News, BitGo
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In an Oct. 19 post on X, Bitpanda, the European crypto exchange, announced their receipt of a VASP license in Norway. This makes the exchange the first non-local entity to achieve this milestone. A regulated broker across Europe A VASP license is a legal authorization granted by a local regulatory authority which
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One of the largest European crypto exchanges, a Vienna-based BitPanda, became one of the first foreign entities to receive a virtual assert service provider license in Norway. The announcement came on the company’s official X (former Twitter) account on Oct. 19. BitPanda holds a license in a number of European jurisdictions,
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The Singapore entity for Upbit, South Korea’s largest exchange by volume, has been given in-principal approval for a Major Payment Institution (MPI) license in Singapore.On Oct. 16, Upbit Singapore said the Monetary Authority of Singapore (MAS) gave the in-principle license nod, allowing it to continue with digital payment token services
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Xapo is also expected to expand beyond its Bitcoin-only by allowing customers to trade Ether as well. Crypto-friendly bank Xapo has been granted a securities broker license that allows it to offer its European clients the ability to trade S&P 500 stocks like Apple along with its crypto asset management offering.
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Starting out with a wallet, a cold-storage custody vault and a reserve of 30,000 bitcoin (BTC) back in 2013, Xapo later set up in Gibraltar under its virtual asset service provider (VASP) framework. Since beginning the process in 2019, Xapo has been granted a banking license, obtained principal membership with
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The crypto trading platform plans to add options for SOL, XRP, and MATIC starting January 2024. Crypto derivatives exchange Deribit is seeking to apply for a brokerage license in the European Union roughly a year after the platform suffered a $28 million hack. In an interview with Bloomberg, Deribit CCO, Luuk Strijers,
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Deribit controls over 85% of the global crypto options market. Source
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Broader crypto markets dropped 0.7% in the past 24 hours, the CoinDesk Market Index (CMI) shows. Original Source
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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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