Revolut applied for authorisation in Cyprus to ensure it is under European regulations before the enforcement of EU's Markets in Crypto-Assets regulation (MiCA). MiCA aims to provide customer protection and fight scams, money laundering and other financial crime in the crypto world. The digital bank has also applied for registration in the UK with the…
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Gleb Kostarev, Regional Head of Asia at Binance, said: This is a landmark achievement for Binance in Kazakhstan. We are grateful to the Astana International Financial Centre for their support and vision in granting Binance Kazakhstan this in-principle license approval. The independent regulator AFSA regulates activities relating to digital assets in Kazakhstan and the wider…
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With the latest authorisation, Crypto.com continues its global expansion. This announcement follows the crypto platform obtaining regulatory approval from the Cyprus Securities and Exchange Commission (CySEC), the in-principle approval for a Major Payment Institution License from the Monetary Authority of Singapore, provisional approval of its Virtual Asset License from the Dubai Virtual Assets Regulatory Authority,…
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Uni Card Furthermore, UNI.Global also introduced Uni Card allowing users to freely switch between more than 5 fiat currencies to pay for merchants locally as well as abroad. UNI.Global highlighted UNi Card’s zero annual fees and the lack of foreign exchange transaction fees as its best features. UNi Card also offers four types of memberships…
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In the official press release Swissquote stated: Despite an environment that was more challenging than initially expected, Swissquote continued to grow its overall customer base in the first half of 2022. The opening of around 34,200 new client accounts (of which some 8,000 non-organic) stands out as a positive development. The new ac-counts resulted in…
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Focus and goals As head of Binance Labs, Yi will be responsible for global strategy and the day-to-day operations. She will also focus on supporting infrastructure projects and improving utility in crypto and blockchain projects. Yi aims to drive future adoption of Web3 and blockchain technology. Her work at Binance Lab will have additional focus…
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Furthermore, SEC alleges that cease-and-desist actions by the Securities and Exchange Commission of the Philippines in September 2020 and by the Montana Commissioner of Securities and Insurance in March 2021 did not stop Forsage from operating and the defendants continued to promote the scheme while denying the claims in several YouTube videos. Carolyn Welshhans, Acting…
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Kris Marszalek, Co-Founder and CEO of Crypto.com, said: Europe is a priority region for Crypto.com and our continued expansion in the market is a testament to our commitment to compliance and collaboration with regulators. Our registration in Cyprus is the next significant step in our continued progress as we expand our products and services to…
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Leigh Travers, Director of Binance Australia Derivatives said: Launching crypto derivatives under an AFSL delivers on our core strategy of becoming a regulated institution in Australia. The Binance Australia Derivatives products will enable wholesale customers the opportunity to hedge their crypto portfolio as well as grow the total size of Australian crypto markets. Changpeng Zhao,…
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Spread out the eggs Risk is present in every type of financial instrument. However, the risk factor is more meaningful for crypto trading because of the nature of these assets. Learning how to navigate through it properly can help investors benefit from crypto trading’s potential. Geitner added: It is well known that when risk is…
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