UK banks risk losing licenses for debanking customers over political views

The British government may impose tighter freedom of speech protections on banking permits following a public dispute between Nigel Farage and Coutts bank.

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Hong Kong’s crypto ambition gets subtle nod from Beijing: Report

While China has cracked down on cryptocurrencies in the mainland, it’s apparently taking a softer approach to Hong Kong’s crypto hub aspirations.

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Coinbase Expands European Presence, Obtains Regulatory Approval in the Netherlands

<p>Digital asset services provider, Coinbase announced today that it has secured <a href="https://blog.coinbase.com/coinbase-gains-regulatory-approval-in-the-netherlands-e781efb750df" target="_blank">regulatory approval</a> in the Netherlands. The exchange has become the first major crypto trading services provider to register with the Dutch Central Bank.</p><p>According to the details shared by Coinbase, the latest registration has allowed the company to offer its crypto products and services in the Dutch market. Coinbase has a strong presence in Europe with dedicated hubs in Germany, Ireland and the United Kingdom.</p><p>The crypto firm noted that additional registrations and license applications are in process across major European markets. In July 2022, Coinbase received regulatory approval from Italian authorities.</p><p>“As part of Coinbase’s ambition to be the world’s most trusted and secure crypto platform, we have taken strides to work collaboratively with government, policymakers and regulators to shape the future in a responsible way. Coinbase prides itself on being a compliance-led business. The Netherlands is a critical international market for crypto, and I am really excited for Coinbase to bring the potential of the crypto economy to the market here,” said Nana Murugesan, the Vice President, International and Business Development at Coinbase.</p><p>European Region</p><p>Europe is among the fastest-growing crypto regions in the world. Countries like Italy, Spain and Germany are home to some of the leading crypto trading firms. Earlier this year, Binance obtained virtual asset services provider (VASP) <a href="https://www.financemagnates.com/cryptocurrency/news/binance-obtains-vasp-registration-in-spain/" target="_blank">registration in Spain</a>. In May this year, the crypto exchange received approval from <a href="https://www.financemagnates.com/cryptocurrency/regulation/binance-gets-green-light-from-italy-regulators/" target="_blank">Italian regulators</a>.</p><p>According to Glassnode, the BTC balance on Coinbase dropped by approximately 36% in two years.</p> This article was written by Bilal Jafar at www.financemagnates.com.

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Binance Granted MVP Licence To Boost Its Presence In Dubai

Binance, the world’s leading crypto exchange, has been issued the Minimal Viable Product [MVP] license from Dubai’s Virtual Asset Regulatory Authority [VARA], per local reports. Bahamas-based FTX subsidiary FTZ was the first recipient of the MVP VASP license back in July 2022. The MVP license allows Binance to operate inside Dubai’s legal framework for virtual […]

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BTC Markets, an Australian cryptocurrency exchange, has been granted a finance service licence.

For BTC and cryptocurrency-related businesses, certain countries have mandated rules. For instance, a legislation mandates that all cryptocurrency exchanges and service providers hold a financial licence. These rules are necessary because the use of cryptocurrency is becoming more widely used in frauds and criminal activity. Many countries are on edge as digital assets and crimes […]

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Binance bolsters its presence in Abu Dhabi, awarded in-principle approval

World’s largest crypto exchange Binance was awarded an in-principle approval [IPA] in Abu Dhabi’s financial free zone enabling it to operate as a broker in virtual assets, as reported by United Arab Emirates state news agency WAM on 10th April. Dhaher bin Dhaher al-Mheiri, Chief Executive Officer of the ADGM Registration Authority, said in a […]

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Gemini Payments Become The First Fintech To Score A License From Ireland

Leading crypto exchange Gemini Payments announced securing an e-money license from Ireland’s Central Bank. It is the first fintech to become authorized for such a license in the Republic since October 2020. By this, the trading platform joins the likes of well-known firms such as Stripe, Facebook, and Google to receive such authorization. An Irish permit will enable Gemini […]

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Australian Court Sides With ASIC in a Case Pitting the Regulator Against a Crypto Startup

The Australian Securities and Investments Commission (ASIC) recently prevailed in its case against Block Earner after a court ruled that the crypto startup’s product offering violated the country’s Corporations Act. The judge ruled that the ASIC had “succeeded in establishing contraventions of s 601ED and 911A of the Act in relation to the Earner product.” [...]

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Australia’s financial regulator cancels license for FTX’s local entity

ASIC had previously suspended FTX’s license to operate in Australia; now the securities regulator has canceled it entirely.

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Coinbase gets Bermuda license, reportedly plans launch of offshore exchange

United States-based cryptocurrency exchange Coinbase has received a license to operate in Bermuda and it’s reportedly set to launch a derivatives exchange based there as soon as next week. According to an April 19 blog post, Coinbase revealed it had “received our regulatory license to operate from the Bermuda Monetary Authority” — the nation’s financial regulator. [...]

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Dubai crypto regulator suspends BitOasis crypto exchange license

Dubai’s cryptocurrency regulator has suspended the license of crypto exchange BitOasis for not meeting mandated conditions within the timeframes set out by the authority. On July 10, the Virtual Assets Regulatory Authority (VARA) issued two alerts saying its undertaken enforcement action against BitOasis and is reviewing the Dubai-based firm. VARA said BitOasis’ conditional license, granted [...]

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Hong Kong Monetary Authority Grants Banking Licences to GIL and KGIB

The Hong Kong Monetary Authority has granted banking licences to Guanyin International Limited and KGI Bank Co., Ltd., increasing the total number of licensed banks in Hong Kong to 151. (Read More)

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Crypto.com Lands MiCA Approval, Unlocking Full EU Service Access

Crypto.com announces that it has received an in-principle approval for the Mica license for the Crypto Assets Markets (MiCA) and put up in the position of being the first crypto service provider to operate globally to have achieved this. This will enable the company to operate across Europe where there is a single regulatory regime […]

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‘No other options’: Hong Kong moving forward with crypto licensing, FinTech chair says

Crypto-friendly Hong Kong is still gung-ho about giving its citizens access to crypto trading despite other jurisdictions “taking a step back,” claims the chair of the FinTech Association of Hong Kong (FTAHK). Speaking to Cointelegraph at the Hong Kong WOW Summit in March, FTAHK chair Neil Tan said while Singapore and the United States are [...]

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