Binance, the world’s largest crypto exchange, has decided not to pursue a license from BaFin, Germany’s financial watchdog. Earlier, German authorities notified it that they would not provide a cryptocurrency custody license, leading to this decision. In response to scrutiny from authorities all across the globe, Binance has likely implemented
Examines Recent Regulatory Initiatives in South Korea, Singapore and Hong Kong and is available for Download Now ZUG, Switzerland–(BUSINESS WIRE)–#DeFi—Polymesh Association, the leader in real world asset tokenization and blockchain technology for capital markets, today published its report on Regulatory Developments in Digital Assets: APAC – 2023, which examines recent
Blockchain industry frontrunner Gnosis has introduced Gnosis Pay and Gnosis Card, the first fully decentralized payment network and self-custodial debit card. This was announced during the biggest annual European Ethereum 04-days event, The Ethereum Community Conference (EthCC). Using a Visa-certified consumer debit card linked to an on-chain self-custodial wallet, the
The G20, an intergovernmental forum, has stated that globally agreed rules leave crypto firms with no option. However, it will introduce a basic safeguard to avoid the blowups experienced at the FTX exchange and other crypto firms. On July 17, the Financial Stability Board (FSB) revealed the final recommendations by
Worldcoin, the blockchain project by OpenAI CEO Sam Altman, has announced that 150,000 people in Spain have signed up for the World ID. Moreover, with this remarkable milestone, Spain has become the fastest-growing operational market in Europe for the Worldcoin project. This is a significant achievement for Worldcoin after its
Bakkt CEO Gavin Michael has said that the business is considering expanding internationally to Hong Kong, the United Kingdom, and the European Union. This is because of the absence of a stable regulatory environment in the United States. The CEO stated: “We’re particularly focused on Hong Kong, the UK and
Since the Dutch authority did not grant Binance a virtual asset service provider (VASP) license certifying that it complies with anti-money laundering (AML) requirements, the world’s biggest cryptocurrency exchange has decided to leave the country. The exchange said in a statement that as on July 17, only Dutch citizens may
KoinBX, India’s top crypto exchange, officially unveils the schedule of its first-ever ultimate crypto gala, Koin Crypto Meet 2023. The first edition of this remarkable event will be hosted on July 7, assembling the large crypto community in one of the busiest cities in India, Mumbai. KoinBX Crypto Meet 2023
Financial authorities in South Africa have recently demanded that cryptocurrency exchanges register by the end of the year or risk legal action. By the end of the year, South Africa’s Financial Sector Conduct Authority has mandated that cryptocurrency exchanges submit applications for operational licenses. Since accepting applications for licenses began
Lower crypto taxes and other measures impacting the crypto sector were approved by the National Council of the Slovak Republic, Slovakia’s parliament. An amendment that would lower individual income tax on gains from the sale of cryptocurrency held by the holder for a minimum of twelve months was approved by
