OKX Goes Live in UAE, Targeting TradFi Institutions, Retail Market
OKX, one of the four biggest cryptocurrency exchanges, has gone live in the UAE, Middle East General Manager Rifad Mahasneh said in an interview.
Licenses
Fan Tokens Have Much Larger Market Than NFTs, Says Chiliz CEO as Blockchain Prepares New Memecoin ‘Pepper’
The Chiliz blockchain is aiming to become “the sports blockchain,” its CEO Alexandre Dreyfus told CoinDesk in an interview, while also calling out the disproportionate historical hype around NFTs in comparison to fan tokens.
Spanish Crypto Exchange Bit2Me Obtains License in Argentina as a Virtual Asset Service Provider
The registry, launched in March by Argentina’s National Securities Commission, already has 79 approvals.
Hong Kong Regulator Finds ‘Unsatisfactory Practices’ at Some Crypto Entities Seeking Full License: Report
Hong Kong’s Securities and Futures Commission (SFC) has found “unsatisfactory practices” at “some” of the cryptocurrency exchanges seeking a full license from it after conducting on-site inspections, Bloomberg reported on Thursday citing people familiar with the situation.
Crypto-Friendly Revolut Finally Earns UK Banking License
Revolut has entered a “mobilization stage”, designed for new banks to operate with restrictions.
Crypto Custody Firm Copper Receives Key License in Hong Kong as it Expands in Asia Pacific
The license permits the holder to provide trust and corporate services in the region.
Circle Snags First Stablecoin License Under EU’s New MiCA Crypto Rules
Circle Mint France will issue the euro-denominated EURC stablecoin and USDC in the European Union in compliance with MiCA.
Binance, KuCoin Win Registration From India Anti-Money Laundering Regulator as Crypto Credibility Improves
KuCoin has paid a fine of $41,000 and Binance’s financial penalty is still to be determined after a hearing with India’s FIU.
South Africa Starts Issuing Crypto Licenses With Luno, Zignaly Among First Recipients
Regulators in the country have said they plan to authorize up to 60 digital asset firms by April.
Crypto Custodian BitGo Wins In-Principle Approval as Major Payments Institution in Singapore
Crypto custodian BitGo has been granted in-principle approval to operate as a Major Payment Institution (MPI) in Singapore.