licenses – DIGIT INFO

Okx Approved to Provide Cross-Border Payment Services in Singapore

DIGIT — Tue, 03 Sep 2024 05:30:05 +0000

Global crypto exchange Okx has secured a license from Singapore’s central bank, the Monetary Authority of Singapore (MAS), allowing it to offer digital payment token services. Gracie Lin, the newly appointed CEO of Okx’s Singapore entity (Okx SG), highlighted the significance of this license and Singapore’s role in the company’s growth strategy. Okx SG aims […]

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Hong Kong SFC to compliance check crypto firms offices after license deadline

DIGIT — Wed, 29 May 2024 05:57:49 +0000

A total of eleven crypto asset companies and exchanges have withdrawn license applications ahead of the deadline.

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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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Kazakhstan Law Limiting Crypto Miners’ Consumption of Electricity Enters Into Force

DIGIT — Sat, 11 Feb 2023 03:30:03 +0000

A new law expanding the regulatory framework for cryptocurrency miners while restricting their access to low-cost electricity has entered into force in Kazakhstan. The legislation introduces a licensing regime for mining with two different categories of licenses that companies will have to renew periodically. President Tokayev Sings Law Regulating Crypto Assets Mining and Exchange in […]

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Bank of France Governor Calls for Mandatory Licensing for Crypto Companies

DIGIT — Sun, 08 Jan 2023 07:30:22 +0000

France has to adopt a licensing regime for crypto service providers, the head of the country’s central bank has suggested. According to the executive, the need to tighten regulatory oversight stems from the “disorder” in the industry throughout the past year. Licensing Should Replace Registration for Crypto Firms in France, Governor Galhau Says Banque de […]

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Uzbekistan Approves Rules for Issuance and Circulation of Crypto Assets

DIGIT — Sat, 03 Dec 2022 04:30:42 +0000

The authority responsible for crypto oversight in Uzbekistan has determined the order of issuing and circulating digital assets in the country. The main reason behind the move is to establish a mechanism that would allow local companies to attract capital through coins and tokens. Uzbekistan Government Sets Out to Regulate Digital Asset Investments The National […]

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Crypto Exchange FTX Fires 3 Top Executives, Report Reveals

DIGIT — Sat, 19 Nov 2022 13:00:13 +0000

Three high-ranking executives of failed cryptocurrency exchange FTX have reportedly been dismissed. Among them is one of the co-founders of what was one of the industry’s largest trading platforms, which is currently in bankruptcy proceedings in the U.S. court system. 3 Members of FTX Management Lose Their Jobs, Spokesperson Quoted Troubled cryptocurrency exchange FTX has […]

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Draft Law Seeks to Oblige Kazakhstan’s Crypto Miners to Exchange Bulk of Income in Country

DIGIT — Thu, 13 Oct 2022 11:30:42 +0000

Cryptocurrency miners in Kazakhstan are to be required to convert up to three quarters of their income on locally registered exchanges, according to a new bill that’s advancing in the nation’s legislature. Lawmakers also want to make sure crypto companies pay their taxes and fees. Parliament of Kazakhstan Votes on Bill Regulating Activities of Crypto […]

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Singapore Seeks Detailed Information From Crypto Firms Ahead of New Regulations, Report Unveils

DIGIT — Sat, 27 Aug 2022 06:30:19 +0000

Financial authorities in Singapore are taking steps toward increased oversight in the crypto space with the city-state’s central bank reportedly asking companies to provide additional information about their activities and assets. Ahead of a possible broadening of the applicable rules, the authority is trying to get a clearer idea of their financial state, knowledgeable sources […]

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Thai SEC approves four crypto firms despite Zipmex woes

DIGIT — Fri, 05 Aug 2022 03:49:46 +0000

Thailand’s regulators are still approving crypto companies despite one of its largest ones suspending withdrawals.

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