Assetera launches secondary tokenized RWA market on Polygon
Assetera will provide Europe's first regulated secondary tokenized real-world asset marketplace.
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Assetera will provide Europe's first regulated secondary tokenized real-world asset marketplace.
Kraken has announced its acquisition of Coin Meester (BCM), one of the Netherlands’ oldest registered crypto brokers, according to a Sept. 24 statement. This move aims to strengthen Kraken’s presence in the Dutch market and also expand its business reach with virtual asset service provider (VASP) licenses in France and Poland. Brian Grahan, Kraken’s managing […]
The post Kraken expands European foothold with Dutch crypto broker acquisition appeared first on CryptoSlate.
The agreement between UAE regulators covers the mutual supervision of crypto providers, penalty imposition, information exchange and employee training.
Thailand has been moving toward a more crypto-friendly stance throughout 2024, approving a Bitcoin ETF, initiating tax breaks for crypto and more.
In a recent podcast, Alice Nawfal discusses how new Travel Rule regulations are shaping the crypto industry and the compliance challenges faced by VASPs. (Read More)
The companies will combine their strengths to provide enhanced virtual asset service providers screening ability.
The update is significant as it directly affects users' control over their assets on the platform.
Bybits registration as a virtual asset service provider was made possible by a law passed in July.
Taiwans second-largest telecom has found a way into the crypto market, bring resources and experience with it.
The requirement also states that applicants must report customer complaints and emergent risks and be subject to SEC inspections, audits and monitoring.
Bitget is currently operating in the Indian market but faces some issues with signing up new users due to certain regulatory limitations.
The details of enforcing the Protection of Virtual Asset Users Act are not contained in the bill, which comes into force July 19.
Binance announces the transition of UAE resident accounts to Binance FZE, following a VASP license from Dubais VARA. (Read More)
While this application process is intended to improve compliance, VASPs are directed to complete it no later than 30 days from the circular date.
Crypto.com has received approval from the Central Bank ofIreland to operate as a Virtual Asset Service Provider (VASP). This approvalwill allow Crypto.com to expand its services in Ireland. These services includecrypto-to-fiat exchanges and fiat wallets.
Expanding Services in Ireland
The VASP license indicates that Crypto.com meets the standardsfor compliance procedures. This includes measures for anti-money laundering and combating the financing of terrorism. These measures areimportant as cryptocurrencies are often used to bypass laws and sanctions.
Crypto.com serves a global customer base of 100 millionpeople. The company aims to enhance its offerings in Ireland with this newapproval.
Eric Anziani, President and COO of Crypto.com, commented:This approval from the Central Bank of Ireland is the latest testament to ourcommitment to compliance and responsible innovation. We are excited to broadenour offering in Ireland, enabling consumers to engage with the mostcomprehensive crypto product offering.
#Crypto Exchange #Crypto.com Secures Spot on Ireland's Virtual Assets Service Provider Register - CoinDesk https://t.co/Dem9E3JL72
Stock Market News (@Stock_Market_Pr) June 11, 2024Surpassing 100 Million Users Globally
Crypto.com has surpassed 100 million users globally,achieving this milestone since its inception in 2016, as Finance Magnatesreported. The cryptocurrency exchangeattributes this success to recent marketing campaigns, including partnershipswith notable personalities, venues, and events.
Notable efforts include hostingNBA and NHL playoffs at the Crypto.com Arena and sponsoring the Formula 1Crypto.com Miami Grand Prix. The company also launched the"INEVITABLE" film under the "Fortune Favors the Brave"campaign.
CEO Kris Marszlek emphasized the importance of these campaigns inestablishing the brand. In May, Crypto.com received a license from Dubai'sVirtual Assets Regulatory Authority to offer institutional crypto trading. Theexchange aims to expand its services for retail investors in Dubai and furthersolidify its global market position.
This article was written by Tareq Sikder at www.financemagnates.com.
The Central Bank of Ireland has approved 15 different VASPs from June 7, 2024, including Crypto.com, Coinbase, Gemini, Ripple and others.
Taiwans Ministry of Justice proposed four amendments to the countrys AML regulations focused on cryptocurrency firms that plan to impose hefty penalties for noncompliance.
Police uncovered how ransom in the Anson Que case was funneled through unregistered e-wallets linked to junket operators and converted into cryptocurrency.
Turkey was expected to introduce crypto legislation in early 2024, but the local parliament is yet to report on the process.
CoinEx, a global cryptocurrency exchange, has recentlyannounced that it has obtained authorization as a Virtual Assets ServiceProvider (VASP) in Poland. This development is anticipated to strengthenCoinEx's standing within the European cryptocurrency market.
VASP Authorization in Poland for the European CryptoMarket
This represents a stride in CoinEx's strategic expansionefforts within Europe. The company acknowledges the vast potential inherent inthe European cryptocurrency market and remains focused on furnishing a secureand user-friendly trading environment for investors and traders alike.
Haipo Yang, CoinEx's CEO, commented:"Obtaining the VASP registration in Poland is a testament to ourunwavering dedication to providing a secure and regulated trading environmentfor our users. We are thrilled to expand our operations in Europe. Thisachievement reinforces our commitment to driving the global adoption ofcryptocurrencies and fostering the growth of the digital asset ecosystem."
CoinEx has received VASP registration in Poland, marking a significant step in expanding its European presence. The move is set to enhance the exchange's credibility and increase market reach by May 2024.
Markets News (@MarketsDotNews) May 13, 2024CoinEx, established in 2017, is a global cryptocurrencyexchange focused on facilitating trading with a variety of services for over 5million users across 200 countries and regions. The firm has listed over 1,000tokens and more than 1,400 trading pairs, enabling users to access a wide rangeof cryptocurrencies.
Aligning with EU MiCA Regulation for Cryptocurrency
Meanwhile, Poland's cryptocurrency market faces increasedoversight with the impendingadoption of the European Union's Markets in Crypto-Assets regulation intodomestic law, as reported by FinanceMagnates.
The proposed legislation grants the Komisja NadzoruFinansowego new powers, including the ability to freeze cryptocurrency accountsfor up to 96 hours on suspicion of criminal activity, extendable to six monthswith prosecutorial consent. However, concerns arise among investors regardingthe lack of clarity surrounding the grounds for account freezes, potentiallyleading to uncertainty and misuse of regulatory authority.
This article was written by Tareq Sikder at www.financemagnates.com.World Crypto Global opens the door to digital freedom for everyone.
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