Binance Withdraws License Application for Abu Dhabi Investment Fund
Binance determined the application was not necessary “when assessing [its] global needs.” The move is unrelated to the exchange’s legal settlement in the U.S.
Licensing
Crypto Hedge Fund Nine Blocks Snags Dubai Digital Assets License
Dubai (Kent Tupas/Unsplash)
Australia Proposes New Licensing Regime for Crypto Exchanges, Aims for Draft Legislation by 2024
Australia expects to release a draft legislation which covers licensing and custody rules for crypto asset providers by 2024.
Ripple Says Singapore License Formally Approved
Ripple’s Singapore arm has secured a license as a major payments institution from the Monetary Authority of Singapore, the company said, allowing it to keep providing digital payment token services in the fast-growing region.
Julius Baer Eyes Expansion to Dubai for Crypto Services: Bloomberg
The expansion would be the private bank’s first for its crypto offering beyond its native Switzerland, where it has provided digital asset services since the start of 2020.
Nigeria’s SEC Mulls Allowing Tokenized Equity, Property but Not Crypto: Bloomberg
The regulator is considering applications for digital asset exchanges on a trial basis.
UAE Securities Regulator to Start Accepting License Applications From Crypto Firms
The regime applies to all companies seeking to provide services in the country, unless already licensed in financial free zones in the United Arab Emirates.
Crypto Custodian Finoa Gets License Approvals From German Regulator BaFin
Finoa founders Chris May (left) and Henrik Gebbing (Finoa)