Crypto.com has announced its receipt of a Minimal Viable Product (MVP) Preparatory license from Dubai's Virtual Asset Regulatory Authority (VARA).This preparatory phase operations license came after the exchange obtained provisional approval from the regulator in Dubai last year. In the preparatory stage, the MVP license allows the exchange to fulfill BitcoinCrypto.comcryptoexchangeDubaiExchangesLicenseMVPpreparatoryRegulator Read More
The financial regulatory body of the Netherlands intends to maintain tough attitude towards the Dutch digital assets sector despite looser European rules. The head of the agency overseeing the industry doesn’t think crypto is good news and highlights its flaws in an article.
Head of Dutch Financial Authority Says Cryptos Are BitcoinBusinessCryptoDutchFinancialMiCANewsRegulationRegulatorstrictTreatmentVows Read More
Laura van Geest said she won’t undercut new EU crypto laws even if that drives business from the country.
Source DutchenforcingLineMiCANetherlandsRegulatorTough Read More
The decision to close down Signature Bank had “nothing to do with crypto,” said the New York State Department of Financial Services, the regulator that took possession of the troubled bank on Sunday. The financial watchdog insisted that its decision to put Signature Bank in receivership “was based on the BankBitcoinClosureCryptoFinanceNewsRegulatorSignature Read More
The New York Department of Financial Services (NYDFS) shut down Signature Bank for “failing to provide consistent and reliable data” and not because of a bias against crypto, according to a March 14 report from the International Business Times. Signature Bank Board Member Barney Frank had previously accused the regulatory BankBitcoinClosedcryptoexchangedataExchangesProvidingRegulatorReportSignature Read More
Silicon Valley Bank, a major financial institution for venture-backed companies, was shut down by California’s financial watchdog on March 10 — marking the first Federal Deposit Insurance Corporation-insured bank to fail in 2023. The California Department of Financial Protection and Innovation confirmed that Silicon Valley Bank was ordered to close but BankCaliforniaRegulatorShutSiliconValley Read More
Federal Financial Supervisory Authority of Germany (BaFin) is not ready to classify nonfungible tokens (NFTs) as securities yet. The Agency suggests classifying the NFTs on a case-by-case basis. On March 8, the BaFin journal published an explanatory note considering NFTs and their legal classification. At this point, the regulators don’t see ApproachBaFincasebycaseGermanNFTsRegulatorSuggests Read More
The FCA began enforcing its proclamation that crypto ATMs are illegal last month, inspecting sites in the northern city of Leeds.
Source ATMsCryptoEastEnforcementExpandsFinancialLondonRegulator Read More
The Chinese government has plans for a governmental overhaul, according to a new announcement. This includes introducing a new national financial regulator.On Tuesday, March 7, the government announced that its current banking and insurance watchdog, the China Banking and Insurance Regulatory Commission (CBIRC), will be abolished. The responsibilities which previously AnnouncesChinaFinancialNationalPlansRegulator Read More