Saturday, December 7, 2019
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Swiss Crypto Banks Receive Licenses From Financial Regulator

The Swiss Financial Market Supervisory Authority (FINMA) has reportedly granted two banking and securities dealer licences to crypto-focused banks.Two Swiss crypto-specializing firms, Seba Crypto AG and Sygnum have received banking and securities dealer licenses, the banks said in separate statements on Aug. 26.With the new license, Seba expects to

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Germany to Regulate Crypto Businesses with Special Regulatory Licenses

The latest Anti-Money Laundering (AML) regulations in Germany will dictate to German cryptocurrency companies and exchanges to hold licenses issued by the Federal Financial Supervisory Authority (BaFin) starting next year.Since the evolution of Bitcoin (BTC)trade since its inception in 2009, the primary target of blockchains and cryptocurrencies has been to

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Iran Has Not Issued Any Licenses for Importing Crypto Mining Equipment

Iran’s customs administration has not issued licenses for importing digital currency mining equipment into the country due to the absence of approval from the government.Deputy President of the Islamic Republic of Iran Customs Administration (IRICA) Jamal Arounaghi said that the agency has not issued any licenses for importing cryptocurrency

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Central Bank’s Draft Law Requires Licenses for Crypto-Related Activities

A new banking law drafted for the Central Bank of Egypt (CBE) would make it mandatory to obtain licenses in advance of creating, advertising or operating platforms for issuing or trading cryptocurrencies. The news was reported by online newspaper The Egypt Independent on May 28.Citing an official source’s remarks

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Seven Cryptocurrency Exchanges Could Receive FSA-Issued Licenses in Two Months

According to new insight into the Japanese financial agency’s review process of companies applying for a cryptocurrency exchange license, seven applications will be either approved or rejected within two months. Cointelegraph Japan reported on this development on Jan. 12.The new information in regard to the review process offered by the

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