authorization – DIGIT INFO

Nearly 400 Crypto Firms Lose Their Estonian Licenses Under New Rules

DIGIT — Thu, 11 May 2023 12:04:58 +0000

The majority of crypto companies attracted by the once favorable Estonian regulations have either abandoned or lost their licenses. According to the latest numbers released by the Baltic nation’s anti-money laundering bureau, only 100 businesses are currently authorized to provide digital-asset services. Most Estonian Licenses for Provision of Crypto-Related Services Expire A total of 389 […]

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Russian Law Enforcement Prepares to Seize Crypto Assets, Seeks Permission to Set Up Wallets

DIGIT — Sun, 09 Apr 2023 19:45:17 +0000

Russian investigators are pressing the parliament and government in Moscow for permission to open their own cryptocurrency wallets. This would allow law enforcement agencies to seize digital assets during criminal cases and eventually sell them, something that authorities in the United States and Europe already do. Russian Prosecutors Lobby for Powers to Confiscate and Auction […]

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Kazakhstan Shuts Down Crypto Exchange That Transferred $34 Million Through Binance

DIGIT — Sat, 11 Mar 2023 02:35:05 +0000

Authorities in Kazakhstan have busted an illegal crypto trading platform, seizing over $350,000. The exchange allegedly processed almost $34 million in transactions through wallets on Binance, two of which have been blocked during the ongoing investigation. Digital Asset Exchange Making Millions in Turnover Closed Down in Kazakhstan A platform illegally trading cryptocurrencies in Kazakhstan, ABS […]

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Australia Suspends Financial Services License of Local FTX Entity

DIGIT — Thu, 17 Nov 2022 07:30:58 +0000

Australia’s securities regulator has suspended the license of the Australian unit of the bankrupt crypto exchange FTX until mid-May. According to an issued statement, the platform will be allowed to provide limited financial services until Dec. 19 in order to terminate existing derivatives. FTX Australia Sees License Suspended After Accepting Voluntary Administration The Australian Securities […]

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Binance Obtains Registration as Crypto Service Provider in Cyprus

DIGIT — Sat, 22 Oct 2022 08:00:50 +0000

Cryptocurrency exchange Binance will be able to offer services for digital assets in Cyprus as the platform is now registered with the country’s securities regulator. The news comes after the company obtained similar approvals in several other European jurisdictions. Global Exchange Binance to Comply With Cyprus Crypto Regulations Binance, the world’s leading crypto exchange in […]

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Binance Licensed in Kazakhstan as Provider of Crypto Exchange and Custody Services

DIGIT — Sat, 08 Oct 2022 10:30:25 +0000

Authorities in Kazakhstan have granted Binance a license to operate as a digital asset platform and provide an array of relevant services. While working out of the nation’s financial hub in the capital Nur-Sultan, the crypto exchange will offer registration to customers from other countries as well. Crypto Exchange Binance Receives License to Operate From […]

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Google to Require Government Authorization to Provide Advertising Services for Financial Products in Spain

DIGIT — Fri, 07 Oct 2022 22:30:46 +0000

Google, the web search and software monolith, has announced that it will require authorization from government entities to lend advertising services to financial companies in Spain. This measure, which was also implemented in the U.K. back in 2021, is expected to be extended to more countries in coming months. Google to Require Government Authorization of […]

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Bill Aims to Limit Crypto Mining in Kazakhstan Only to Registered Companies

DIGIT — Sat, 01 Oct 2022 20:30:48 +0000

New legislation proposed in the parliament of Kazakhstan will allow only authorized miners to mint digital currency, if adopted. The draft has been designed to comprehensively regulate the industry and reduce what its sponsors label as uncontrolled consumption of electricity in the sector. Lawmakers in Kazakhstan Submit Crypto Mining Law, Seek to Curb ‘Gray’ Mining […]

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Russia Said to Allow Crypto Mining in Regions With Hydroelectric and Nuclear Power

DIGIT — Thu, 29 Sep 2022 11:30:32 +0000

Cryptocurrency mining should be allowed in areas with excess energy and prohibited in those that experience deficits, according to Russian officials preparing to legalize it. An expert from the crypto industry has recently marked the regions where Moscow is likely to authorize mining and the ones where it will probably ban the extraction of digital […]

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British Fintech Revolut Granted Crypto License in Cyprus

DIGIT — Thu, 18 Aug 2022 04:30:28 +0000

U.K.-based digital bank Revolut has been authorized by Cyprus to provide cryptocurrency services to millions of customers on the Old Continent. The fintech firm says the regulatory approval will allow it to establish a European crypto hub in the island nation. Revolut to Expand Crypto Services for Europeans From Cyprus A leader in the neobank […]

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