Cryptocurrency Analysis and News Portal
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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eToro’s foray into the UAE comes amidst a period of global expansion for the platform. The retail and social trading giant eToro recently announced that it has received a license from the Abu Dhabi Global Market (ADGM) to operate as a broker in securities, derivatives, and crypto assets in the United Arab
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Netherlands-based cryptocurrency exchange Bitvavo is set to expand its services to French users after successfully registering as a digital asset service provider with France’s Autorité des Marchés Financiers (AMF).The expansion into France comes just weeks after Bitvavo secured regulatory approval to offer its services in Austria. The exchange expanded its
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The exchange will then get operational approval to provide “exchange services, broker-dealer services, management and investment services, and lending and borrowing services.” The Singapore-based exchange completed its licensing process in Singapore in June and has had regulatory victories in the Netherlands, U.K., France and Brazil. However, it has also suffered
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With the license, Upbit will now be able to offer digital payment token services to institutional investors. However, it still awaits a full MPI license from the MAS. Upbit, South Korea’s largest exchange in terms of volume, has achieved in-principle approval for a Major Payment Institution (MPI) license in Singapore
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With the license approval, Coinbase has now joined the ranks of other crypto companies with full licenses, demonstrating the country’s commitment to fostering a vibrant and well-regulated digital assets ecosystem. Leading American cryptocurrency exchange Coinbase has been granted an operational license in Singapore through its subsidiary to service its customers in
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Architect Financial Technologies, the startup founded by former FTX.US president Brett Harrison, will provide derivatives brokerage services after its Architect Financial Derivatives subsidiary received approval from the National Futures Association (NFA) to operate as an independent introducing broker. The company is eyeing both the cryptocurrency derivatives market and the traditional
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Smart contracts have reshaped the possibilities of what blockchain and crypto can achieve, and we can all acknowledge that. That doesn’t mean they’re the be-all-end-all solution to widespread adoption.Being overzealous about any kind of innovation can also contribute to its stalling, or even failure if other factors don’t align. The
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"Today, Rain is launching in the UAE, as the first licensed retail exchange," Joseph Dallago, CEO and co-founder of the Bahrain-based company, tweeted on Tuesday. "This is a 5 year effort, as we were one of the first exchanges to enquire about licensure back in 2018, when the ADGM released
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It’s the latest in a number of licenses to crypto companies granted by the Bank of Spain. Source
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