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Crypto investment platforms eToro and M2 received various degrees of approval to offer their services in the United Arab Emirates from the ADGM Financial Services Regulatory Authority, which oversees the UAE’s international financial center, the Abu Dhabi Global Market (ADGM).EToro received approval for a Financial Services Permission (FSP) that allows a
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Bastion, a cryptocurrency startup founded by former executives from Andreessen Horowitz, has recently acquired two money transmitter licenses in New Hampshire and Arkansas, expanding its ability to offer digital asset services in the United States. Startup Bastion, founded by ex-executives from Andreessen Horowitz’s a16z, has successfully secured two money transmitter licenses
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Bastion, a new cryptocurrency startup created by former Andreessen Horowitz (a16z) executives, has secured two money transmitter licenses (MTL) in the United States.Bastion has acquired MTLs in New Hampshire and Arkansas, the first two licenses obtained by the firm, Bastion announced on Oct. 31.The new licenses, granted by the New
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X, the Elon Musk-owned social media platform formerly called Twitter, has obtained payments licenses from several U.S. states in recent months, including a currency transmitter license in Rhode Island earlier this week. While Musk has hinted at supporting crypto on the platform – even briefly switching out Twitter's bird logo
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Musk has said that he plans for X to expand beyond social media posts, becoming an 'everything app,' and the money transmitter licenses obtained since June from Arizona, Maryland, Georgia, Michigan, Missouri and New Hampshire indicate the tech billionaire may have plans to support payment processing nationwide similar to Venmo
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Dubai has started offering commercial licenses to artificial intelligence (AI) and Web3 businesses at a 90% subsidy as it works to create the largest cluster of new-age tech companies in the Middle East and North Africa (MENA) region. The Dubai AI and Web 3.0 Campus — an aspiring tech hub —
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Global cryptocurrency exchange Binance has reported being granted licensing to provide services to residents of El Salvador.In an Aug. 8 announcement, Binance said El Salvador’s Central Reserve Bank had approved the exchange’s application for a Bitcoin Services Provider license and the country’s National Commission of Digital Assets granted it a
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“These licenses allow Binance to expand the products and services offered including options tailored to the needs of our customers in El Salvador," Daniel Acosta, general manager for Colombia, Central America and Caribbean at Binance, said in the statement. Source
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The British government is reportedly set to announce measures that could see banks stripped of their license if they choose to debank customers due to their political views. A July 20 report from The Times said the United Kingdom’s government is considering tighter conditions on banking permits that would seek to
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied The global securities marketplace, Nasdaq, has put on hold its proposed launch of a cryptocurrency custody service which was supposed to take place at the end of Q2 2023. The decision was driven by regulatory risks
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