Bad actors exploited Estonia’s once liberal licensing regime for crypto companies to defraud investors and commit other crimes, an investigative report claims. The authors say they discovered dozens of such cases, including scams and schemes for sanctions evasion and money laundering. Since Tallinn tightened its rules, many of these entities have left Estonia, whose banking…
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The Singapore subsidiary of crypto payments giant Ripple has officially received its Major Payments Institution (MPI) license from the Monetary Authority of Singapore (MAS). The MPI license will allow Ripple Markets APAC Pte Ltd, the local arm, to provide digital payment token services in the city-state…. Read More: Crypto Platform Ripple Joins Growing List of…
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Ripple said it received its fully-fledged digital payment tokens license from the Monetary Authority of Singapore. Ripple said it has received the full-fledged license to operate as a major payments institution from Singapore’s central bank, allowing it to continue operations in the country after receiving in-principle approval in June. In an Oct. 4 statement, the…
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Switzerland-based crypto-friendly SEBA Bank announced it has received an approval-in-principle to operate in Hong Kong. The regulatory nod brings the Swiss bank’s local entity closer to becoming a licensed provider of various services for crypto assets in the Chinese region. SEBA Bank Takes a Step Towards Full Crypto License in Hong Kong SEBA Hong Kong,…
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SEBA Hong Kong’s approval joins a flurry of regulated crypto activity that’s taken place over the past month. The Hong Kong arm of crypto-friendly Swiss bank SEBA Bank has received in-principle approval from the Hong Kong Securities and Futures Commission (SFC) allowing it to deal in virtual assets. On Aug. 30, SEBA Hong Kong said…
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The Australian securities regulator recently revealed that the crypto lending platform Helio pleaded guilty to the allegation of falsely claiming to be a holder of the Australian Credit License (ACL). For admitting to committing the offense, Helio is said to have entered a “recognisance” of $9,560 (AUD15,000) for 12 months which is contingent on the…
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Dubai has announced a 90% registration subsidy for web3 and Artificial Intelligence (AI) companies seeking operational licenses in the city as it seeks to create the largest pro-tech hub in the Middle East and North African Region (MENA). Dubbed the Dubai AI and Web3 Campus, the city rolled out a vision for its tech space…
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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…
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Crypto company Blockchain․com has been granted a payment license in Singapore that will enable it to provide regulated services for digital assets. The authorization in the city-state, which is a major trading hub for the platform, is part of its efforts to comply with local regulations in the jurisdictions where it operates. Blockchain․com Receives MPI…
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The crypto exchange is the 12th to receive a crypto-dealing license in the country allowing it to service accredited investors and institutions. Crypto exchange Blockchain.com has been granted a payments license from Singapore’s central bank, the Monetary Authority of Singapore (MAS). Blockchain.com announced on Aug. 7 it received its major payment institution (MPI) license from MAS…
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