The license is pending operational approval and allows Crypto.com’s Dubai entity to offer exchange, broker-dealer, and lending and borrowing services.
Category: Crypto license
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South Korean exchange Upbit gets initial license nod from Singapore
Upbit Singapore scored initial approval from the country’s central bank and financial regulator for a local crypto license.
Ripple gets formal approval for Singapore payments license
Ripple said it received its fully-fledged digital payment tokens license from the Monetary Authority of Singapore.
Blockchain.com scores payment license from Singapore central bank
The crypto exchange is the 12th to receive a crypto-dealing license in the country allowing it to service accredited investors and institutions.
French lawmakers agree to loosen rules in proposed crypto influencer bill
Previously, the bill restricted influencer marketing to only licensed crypto firms, of which there are currently none in France.
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Gate.io to enter Hong Kong following city’s $6.4M budget allocation to Web3
Gate’s founder called Hong Kong a “hub,” meanwhile, the city’s financial secretary said the region “must keep up” with the “huge potential” of Web3.
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French central bank governor pushes for crypto licensing ahead of EU laws
The Bank of France’s head said turmoil in the crypto markets proves the need to move to a mandatory licensing scheme for crypto firms “as soon as possible.”
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German banking giant Commerzbank applies for crypto license
A spokesperson for Commerzbank confirmed to local media that it applied for the license with BaFin earlier this year in a first for a major bank in Germany.
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BitLicensed Crypto Firms Ordered to Pay Annual Assessment Fees in New York
The fees will bring virtual currency companies on par with those paid by banking and insurance institutions as a way for the state to recoup operating expense costs and “best support” the industry.
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Two thirds of Estonian crypto businesses lose their licenses
Estonia has withdrawn permits from one thousand crypto companies this year.
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