Cryptocurrency Analysis and News Portal
In a press release dated Oct 31., WadzPay, a technology provider that facilitates virtual asset-based payments has shared the news that they have initial approval from Duba’s Virtual Assets Regulatory Authority (VARA), the competent entity in charge of regulating, supervising, and overseeing VAs and VA Activities. This approval brings WadzPay one
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Cryptocurrency custodian BitGo, backed by Goldman Sachs and Galaxy, obtained a custody license from BaFin, the German Federal Financial Supervisory Authority, as stated in a Nov. 1 release from Finance Magnates. BaFin supervises active companies in Germany that provide services related to cryptocurrency assets, solidifying the custodian’s presence in the European
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The UK has advanced its crypto regulation with the Economic Crime and Corporate Transparency bill, intensifying crackdown on financial crimes while striving to maintain a crypto-friendly stance. The United Kingdom has made a significant stride in its battle against economic crime with the passage of the Economic Crime and Corporate Transparency
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Spot bitcoin (BTC) exchange-traded funds (ETFs) could attract at least $14.4 billion of inflows in the first year of issuance, crypto fund Galaxy Digital said in a research note on Tuesday. An ETF could be a better investment vehicle for investors compared to currently offered products, such as trusts and
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Options also include a sale of the exchange, which boasted 9 million users before going bankrupt. Source
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"We are incredibly proud to receive the IPA from MAS, a globally renowned financial regulator. This approval reflects our unwavering commitment to building trusted digital asset businesses in Singapore. Through engaging collaboration with the regulator, businesses and communities, we will contribute to further establish Singapore as the leading hub for
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The Malaysia-based Hata has received in-principle approval from Securities Commission Malaysia (SC) to register as a Recognized Market Operator (RMO) as a digital asset exchange and digital broker. The approval means Hata could launch its services in six to nine months.Hata will become the fifth regulated digital asset exchange in
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The cryptocurrency custody firm, co-created by the crypto investment firm CoinShares, has recently received regulatory approval in the United Kingdom. In an Oct. 6 announcement, the company can now register as a custodian wallet provider under the Money Laundering, Terrorist Financing and Transfer of Funds regulations. Crypto custody services available Following this announcement, Komainu
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Cryptocurrency trading firm and liquidity provider GSR's Singaporean subsidiary, GSR Markets Pte. Ltd, has received an in-principal approval from the Monetary Authority of Singapore (MAS) for a Major Payment Institution (MPI) license. "GSR is proud to have met the rigorous admission requirements set by MAS and will be working diligently towards
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Two 50 million Tether (USDT) transactions have been transferred from Bitfinex to the “Tether Treasury” address, according to transfer receipts from Whale Alert. Both transactions took place on Oct. 2, 2023, two minutes apart. The first lump sum of 50 million USDT occurred at 9:43 am UTC and was worth $50,039,125.
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