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Crypto exchange Binance received a Minimal Viable Product (MVP) license from Dubai's Virtual Asset Regulatory Authority (VARA), enabling the crypto exchange to offer a range of virtual asset services to qualified retail and institutional investors, the company disclosed on Tuesday.The development follows the issuance of the provisional license granted in
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According to a new press release on Wednesday, Société Générale, one of the largest investment banks in Europe, said that it would be expanding its cryptocurrency asset management services through its Security Services subsidiary. Clients who are digital asset fund managers can now elect to have Société Générale as their
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Societe Generale is offering new services for asset managers that want to offer crypto funds to their clients. Original Source
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As more institutions become interested in dabbling in cryptocurrencies, multinational financial services firm Nasdaq has reportedly started its preparations to offer digital asset custody services to institutional clients. The company has reportedly created a new group focusing on digital assets and will start with offering Bitcoin (BTC) and Ether (ETH) custody
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Web3 payments platform Fuse has partnered with ChromePay, an identity-based payment solution, to launch a new suite of payment products in Africa — a move designed to boost financial inclusion on the continent.The partnership centers around ChromePay’s decentralized identity service, also known as a DID, which the companies claim will
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With the new approval, the crypto exchange can operate a trading platform and offer a range of services including digital asset custody and payments in Dubai. Source
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Cryptocurrency market maker and liquidity provider Wintermute has lost $160 million in a hack relating to its DeFi business, according to a tweet from the company's founder and CEO. Source
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Britain’s top financial regulator, the Financial Conduct Authority (FCA), has issued a warning about cryptocurrency exchange FTX operating in the U.K. without authorization. “Almost all firms and individuals offering, promoting or selling financial services or products in the U.K. have to be authorized or registered by us,” said the regulator. FCA
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One of South Africa’s largest financial services groups, Old Mutual, has reportedly been appointed manager of the ZARP stablecoin project’s cash reserves. Founders of the stablecoin are hopeful that the appointment of one of the country’s oldest financial services companies will help bolster confidence in the digital currency. Enhancing Credibility of
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Ethermine will stop its Ethereum mining service once the Merge happens, expected sometime on Sept. 15. Source
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