Coinbase, KuCoin, others file crypto license applications in Turkey

As the Turkish Capital Markets Board continues to update the list and companies work to meet regulatory requirements, the Turkish crypto market is poised for significant changes.

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Virtual money is regulated in Alaska

Digital currency enterprises in Alaska must receive a money transmission license by January 1, 2023. Investments and monetary worth will incorporate virtual money. Investors in Alaska, South Dakota, Wyoming, New Hampshire, Nevada, Texas, Tennessee, and Florida still pay no capital gains tax. (Read More)

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Gate.io Closer To US Debut Following Local Licensing

Gate US, the U.S. branch of Gate.io, the fourth biggest cryptocurrency exchange by trading volume, claims it has operating licenses in multiple jurisdictions. Gate US would not specify what states it has gotten permits from but stated it is not accepting consumers from the nation at this time. It joins other top US exchanges by volume including Binance US and Gemini. (Read More)

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Crypto.com Injects $150M for its New France Ecosystem Development

Crypto.com to inject the sum of $150 million as it looks to build out its headquarters in France (Read More)

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Revolut Wins Approval To Offer Bitcoin, Crypto To 17 Million European Users: Report

The digital bank will continue serving its current 20 million users while giving access to bitcoin and crypto services to 17 million users across the EEA.

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Philippines Central Bank to Suspend Issuing Licenses to New Virtual Asset Service Firms

The central bank said it will stop processing licenses for new virtual asset services providers (VASP) for three years. (Read More)

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Thai SEC approves four crypto firms despite Zipmex woes

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

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DLT Finance Receives BaFin Licenses to Launch Trading Platform for Digital Assets

The new platform is now offering a variety of digital asset services to institutional clients after receiving nine new trading licenses. (Read More)

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Dubai’s New Virtual Asset Regulator Licenses Crypto Exchanges Binance, FTX – Regulation Bitcoin News

Dubai’s Virtual Asset Regulatory Authority has licensed two cryptocurrency exchanges: Binance and FTX. The regulator was formed last week when Dubai approved its first law to regulate crypto assets. Dubai Licenses Binance and FTX Cryptocurrency exchanges FTX and Binance have been licensed by Dubai’s Virtual Asset Regulatory Authority (VARA). The regulator was established last week […]

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The IMF: Global Regulation, Licensing For Bitcoin, And Capital Requirements

A recent blog post from the International Monetary Fund appears to show their distaste for cryptocurrencies and lack of education in this sector.

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Crypto Flipsider News – U.S Won’t Ban Crypto, Singapore Licenses Banks, Visa Crypto Payments, South Korea Taxation, Robinhood isn’t Popular, TikTok NFTs

Read Friday's breaking news in the daily digest!

Continue reading Crypto Flipsider News – U.S Won’t Ban Crypto, Singapore Licenses Banks, Visa Crypto Payments, South Korea Taxation, Robinhood isn’t Popular, TikTok NFTs at DailyCoin.com.

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4 more virtual asset trading platforms licensed in Hong Kong

Cryptocurrency traders in Hong Kong now have a choice of seven platforms for buying and selling four cryptocurrencies.

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Nearly 400 Crypto Firms Lose Their Estonian Licenses Under New Rules

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 [...]

The post Nearly 400 Crypto Firms Lose Their Estonian Licenses Under New Rules appeared first on Crypto Breaking News.

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Hong Kong Securities Regulator Warns Unlicensed Crypto Exchanges

The Securities and Futures Commission (SFC) of Hong Kong has issued a warning to unlicensed providers of crypto trading services. Concerned about their engagement in “improper practices,” the regulator also said investors should be aware that some of these platforms may never actually apply for or obtain a license. Hong Kong’s SFC Threatens Crypto Exchanges [...]

The post Hong Kong Securities Regulator Warns Unlicensed Crypto Exchanges appeared first on Crypto Breaking News.

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Ripple Expands U.S. Reach with Money Transmitter Licenses in New York and Texas

Ripple secures Money Transmitter Licenses in New York and Texas, expanding compliant cross-border payment services across the U.S.

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