Powered by WPeMatico
Category: licensing
Auto Added by WPeMatico
Iran Counts 30 Crypto Mining Farms Licensed to Mint Digital Currencies
Powered by WPeMatico
Collectibles giant Funko shares surge after acquiring NFT app Tokenwave
Among the first publicly-traded companies to jump on the NFT bandwagon, they won’t be the last
Powered by WPeMatico
Singapore Allows Crypto Companies to Operate Without a License for 6 Months
The Monetary Authority of Singapore has granted an exemption from holding a license to a number of cryptocurrency companies operating in the country under the new Payment Services Act. Among the companies benefiting from this six-month grace period are Binance, Coinbase, Gemini, Bitstamp, Luno, Upbit, and Wirex. Also read: 2x Bitcoin — Wanna Double Your […]
The post Singapore Allows Crypto Companies to Operate Without a License for 6 Months appeared first on Bitcoin News.
Powered by WPeMatico
Germany’s Bitcoin Group Welcomes Licensing for Crypto Custodians, Expects Competition From Banks
Bitcoin Group SE, a prominent member of the European crypto industry, has been preparing to apply for permission to conduct crypto custody activities in its home country, Germany. The providers of such services in the Federal Republic are now recognized as financial institutions. Bitcoin Group, which has been in the business for some time, welcomes […]
The post Germany’s Bitcoin Group Welcomes Licensing for Crypto Custodians, Expects Competition From Banks appeared first on Bitcoin News.
Powered by WPeMatico
Bitcoin Is Financial Instrument, Clarifies Germany, Crypto Custodians Qualify as Financial Institutions
The Federal Financial Supervisory Authority of Germany, Bafin, has issued guidance to clarify the status of cryptocurrencies and the regulations that apply to related business activities. The recommendations are based on the country’s current legislation, taking into account the latest changes. Also read: Turkey to Inspect Cryptocurrency Exchanges as Part of Government Offensive Against Online […]
The post Bitcoin Is Financial Instrument, Clarifies Germany, Crypto Custodians Qualify as Financial Institutions appeared first on Bitcoin News.
Powered by WPeMatico
Singapore Introduces Licensing for Crypto Platforms, New Payment Services Now Act in Force
The Monetary Authority of Singapore (MAS) has announced the commencement of the city-state’s new Payment Services Act. The law mandates the implementation of a licensing regime that applies to payment providers, exchanges and other platforms dealing with cryptocurrencies. Their operators are obliged to meet anti-money laundering and counter-terrorism financing regulations. Also read: Uzbekistan Prepares Crypto […]
The post Singapore Introduces Licensing for Crypto Platforms, New Payment Services Now Act in Force appeared first on Bitcoin News.
Powered by WPeMatico
Uzbekistan Prepares Crypto Tax Exemptions, Launches Licensed Exchange
A new presidential decree in Uzbekistan envisages the introduction of tax exemptions for income obtained from operations involving crypto assets. The draft document published recently also incorporates proposals for the establishment of a blockchain valley and licensing regime for cryptocurrency miners. The country has just launched its first licensed crypto exchange. Also read: Uzbekistan to […]
The post Uzbekistan Prepares Crypto Tax Exemptions, Launches Licensed Exchange appeared first on Bitcoin News.
Powered by WPeMatico
Korean Presidential Committee Pushes to Make Cryptocurrency Mainstream
A South Korean committee directly under the president has recommended several measures to the government that will make cryptocurrency mainstream. Emphasizing that “it is no longer possible to stop crypto asset trade,” the committee recommends integrating crypto into the country’s financial system, allowing financial institutions to directly offer a range of crypto products, including derivatives, […]
The post Korean Presidential Committee Pushes to Make Cryptocurrency Mainstream appeared first on Bitcoin News.
Powered by WPeMatico
Dutch Central Bank Prepares to Start Regulating Crypto Sector
The central bank of the Netherlands is preparing to supervise the country’s crypto sector. The bank has requested crypto exchanges and wallet providers to come forward and submit some information. Once the law takes effect, these operators will be required to register with the central bank to continue operations. Also read: Crypto Can Boost Indian […]
The post Dutch Central Bank Prepares to Start Regulating Crypto Sector appeared first on Bitcoin News.
Powered by WPeMatico