virtual asset service provider – DIGIT INFO

Compass Mining Partners With Mindshift to Expand Bitcoin Mining in South Korea

DIGIT — Wed, 09 Oct 2024 21:16:24 +0000

Compass Mining has announced a partnership with Mindshift, a licensed digital asset service provider in South Korea, to extend bitcoin mining services to the region. The collaboration aims to address challenges like high electricity costs while making bitcoin mining more accessible to South Korean residents. Compass Mining Collaborates With Mindshift The partnership between Compass Mining, […]

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Crypto exchange Kraken has ‘no plans’ to delist USDT in Europe for now

DIGIT — Mon, 20 May 2024 00:29:58 +0000

Concerns were raised after a Bloomberg article reported Kraken was “actively reviewing” which tokens it could continue to list under the European Union’s upcoming MiCA framework.

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Binance Netherlands exit — Dutch central bank says registration failings are confidential

DIGIT — Wed, 21 Jun 2023 07:14:47 +0000

De Nederlandsche Bank cannot share details of Binance’s registration failings in the country due to the confidentiality requirements of its supervisory laws.

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Hong Kong security regulator to issue crypto license guidelines in May

DIGIT — Thu, 27 Apr 2023 06:20:04 +0000

The crypto business guidelines were reportedly revealed by the chief executive of Hong Kong’s Securities Futures Commission, Julia Leung.

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Austrian Crypto Exchange Bitpanda Secures Trading License From Germany’s BaFin

DIGIT — Wed, 23 Nov 2022 09:30:22 +0000

Crypto exchange and custody platform Bitpanda announced on Nov. 22 that it had received a crypto trading license from Germany’s Federal Financial Supervisory Authority. According to Bitpanda, securing a license means it has become the “first European retail investment platform to meet BAFIN’s strict regulatory requirements.” New License Strengthens Bitpanda’s Position Austrian crypto exchange platform […]

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Dubai Regulator Grants Crypto Trading App OKX License to Extend Services in the UAE

DIGIT — Tue, 19 Jul 2022 07:30:28 +0000

The Seychelles-based crypto trading app, OKX, recently became the latest virtual assets service provider to be granted a provisional licence to provide its services in the United Arab Emirates (UAE). The provisional licence allows OKX to extend certain exchange products and services to pre-qualified investors and financial service providers. OKX Allowed to Extend Certain Exchange […]

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Regulator Says UAE ‘Closer to Issuing the Regulatory and Supervisory Framework’ for VASPs

DIGIT — Thu, 10 Mar 2022 04:30:25 +0000

The United Arab Emirates (UAE) is getting closer to issuing a regulatory and supervisory framework that will govern the country’s virtual asset industry, the Securities and Commodities Authority (SCA) has said. FATF Recommendations A UAE securities regulator, the SCA has said it is getting closer to “issuing the regulatory and supervisory framework related to virtual […]

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Donated or Inherited Virtual Assets to Be Taxed by South Korea’s NTS

DIGIT — Fri, 31 Dec 2021 12:00:00 +0000

Starting in the year 2022, donated or inherited virtual assets will be assessed and taxed accordingly, South Korea’s National Tax Service has said. Dunamu, Bithumb Korea, Korbit, and Coinone are the new virtual asset service providers (VASPs) tasked with evaluating digital assets for such tax purposes. Virtual Asset Service Providers Tasked With Evaluating Crypto Gifts […]

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