OPNX obtains EU spot crypto trading license in Lithuania
Crypto exchange OPNX secured a virtual asset license for EU operations. The exchange will have to adhere to high compliance and security standards. OPNX plans to acquire additional licenses for…
Upbit receives in-principal approval for MPI License in Singapore
Upbit Singapore secures in-principal approval for an MPI license from the MAS. The approval allows Upbit to offer regulated digital payment token services under Singapore’s Payment Services Act 2019. Singapore’s…
Alchemy Pay secures Money Transmitter License in Arkansas, US
The Alchemy Pay platform supports payments in 173 countries. In January 2023, Alchemy Pay earned recognition as an official service provider by Visa, In June 2023, Alchemy Pay was included…
Binance drops its license application in Austria
Binance Austria GmbH has revoked its license application as a virtual asset service provider from the Austrian Financial Market Authority (FMA). So far, Binance has withdrawn registration in the Netherlands…
Bybit secures crypto exchange license in Cyprus
Bybit has been licensed as a cryptocurrency exchange and custody provider in Cyprus. Cyprus licensing comes as exchanges prepare for the coming MiCA regulation. The UAE-based company recently exited the…
Rakkar Digital obtains TSCP License in Hong Kong, launches custodian services
Rakkar Digital is a Singapore-based company providing digital asset custodian services to institutional and enterprise clients across Southeast Asia and Hong Kong. Rakkar Digital has obtained TSCP License in Hong…
Bitfinex gets license to operate under El Salvador’s new crypto Law
El Salvador was the first country to pass Bitcoin as a legal tender. El Salvador‘s Legislative Assembly established a framework for the country to issue Bitcoin-backed bonds. Bitfinex is the…
Binance Australia’s derivatives license cancelled
The ASIC has been conducting a targeted review of Binance’s businesses in Australia. Binance Australia is an arm of Binance. Australian users will no longer be able to trade derivatives…
CryptoWallet renews Virtual Asset Provider License after new Estonian legislation
Estonia’s Financial Investigation Unit (FIU) has introduced new crypto legislation. 90% of platforms are at risk of losing their license or being forced to relocate under the new laws. Among…
Alchemy Pay gets license to operate in Indonesia: ACH price surging
Alchemy Pay and Berkah Digital have jointly obtained a license to operate in Indonesia. The two will cooperate in operating remittances and fund transfers. The news has caused the price…