Tag: Crypto

Revolut
August 16, 2022 BY Steffy Bogdanova

Revolut gains CySEC approval to offer crypto services in Europe

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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Binance secures in-principle approval in Kazakhstan
August 15, 2022 BY Steffy Bogdanova

AFSA grants Binance in-principle approval to operate in Kazakhstan

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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Crypto.com
August 12, 2022 BY Steffy Bogdanova

Crypto.com obtains regulatory approval in the Cayman Islands

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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August 11, 2022 BY Steffy Bogdanova

UNI.Global introduces its mobile app

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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August 10, 2022 BY Steffy Bogdanova

Swissquote sees a 23% dip in H1 operating revenue

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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SEC fraud
August 02, 2022 BY Steffy Bogdanova

SEC issues charges on 11 people in a $300 million crypto pyramid scheme

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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Crypto.com
July 25, 2022 BY Steffy Bogdanova

Crypto.com secures regulatory approval to operate in Cyprus

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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Binance
July 24, 2022 BY Steffy Bogdanova

Binance to offer crypto CFDs in Australia

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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July 19, 2022 BY Steffy Bogdanova

TraderCryptoX offering now includes 60 cryptos

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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