Tag: Regulation

Rostin Behnam, the current Chairman of the Commodity Futures Trading Commission (CFTC) has put his desires out there to the senate of his willingness to control more of the cryptocurrency market.  During a hearing of the Senate Agriculture Committee, Behnam attested that he had already incited his agency to prepare to play a major role […]

The Securities and Exchange Commission (SEC) is ready to get more serious in the cryptocurrency industry and enforce necessary regulations to oversee the activities of the digital assets ecosystem. During a legal conference on Thursday in Washington, it was revealed that the SEC plans to open a new office for cryptocurrency filings alone.  According to […]

With the anonymity associated with the crypto industry, a feature many have argued aids criminal transactions, the EU is making efforts to stop the misuse of cryptocurrencies.  The European Union through its three organs plans to form a sixth Anti-Money Laundering Authority that is tasked with regulating the crypto industry. The European Commission, the European […]

Binance, the world’s largest cryptocurrency trading platform has been granted the In-Principle Approval from the Astana Financial Services Authority (AFSA) to operate a Digital Asset Trading Facility and Provide Custody in the Astana International Financial Centre (AIFC). This license approval has planted Binance’s feet in Kazakhstan as one of the first trading platforms to be […]

Luxembourg-based cryptocurrency exchange Bitstamp announced that it is now recognized as a virtual assets service provider (VASP) in Italy. The exchange’s registration was with the Italian anti-money laundering (AML) watchdog, Organismo Agenti e Mediatori (OAM). Bit stamp now holds the full right to operate in the region as a cryptocurrency exchange. According to the OAM […]

Partly owing to the resignation of the United Kingdom Prime Minister, Boris Johnson, there had been an initial delay in the UK’s plan to implement the framework to regulate stablecoins. Based on the U.K. Treasury’s term, stablecoins are “a form of crypto assets which aim to maintain a stable value relative to other assets.” Several […]

Coinbase Exchange is now licensed in Italy as it continues to power its European expansion. The trading platform announced in a blog post on Monday, noting that it now ranks as one of the first crypto service providers to meet the set of criteria outlined by the Italian regulator, the Organismo Agenti e Mediatori (OAM). […]

Paraguay, a country in South America is closer to the legalization of digital currencies on its shores as the country’s deputies recommended approving the proposed crypto bill. The recommendation to pass the Bill “That regulates the industry and commercialization of virtual assets – crypto assets” in the country has scaled the Senate from where it […]

Cryptocurrency trading platform, OKX has been granted the provisional virtual assets (VA) license in Dubai by the Virtual Assets Regulatory Agency (VARA). While it is now the latest crypto exchange to win this license, OKX will now be able to provide services to qualified investors in the UAE in a regulated environment. In order to […]

Moon Tech Spain SL, a wholly-owned subsidiary of the Binance cryptocurrency exchange has been licensed by the Bank of Spain to operate as a Virtual Assets Services Provider (VASP). The exchange announced the license approval on Friday and said it will help in providing it with the room to offer crypto trading services in line […]

Infrawatch PH, a think-tank based in the Phillippines is calling on National regulators to crack down on Binance for a number of reasons. As reported by Bitpinas, drawing reference from a letter sent by Infrawatch convener, Terry Ridon, to the Department of Trade and Industry (DTI), the think-tank accuses Binance of illegally operating in the […]

The United States and South Korean regulators have decided to collaborate in the compilation of data for handling Terra cases. The Yonhap News Agency, a South Korean newswire reported the meeting which took place between Han Dong Hoon, Andrea M. Griswold, and Scott Hartman. Han Dong Hoon is the Minister of Justice of South Korea, […]

The Bank of England (BoE) through its Financial Policy Committee (FPC) spent a little time talking about cryptocurrencies in its latest Financial Stability report released on Tuesday.  According to the FPC, digital currencies are becoming significant as an industry, however, despite their growth, they do not pose an immediate threat to the financial ecosystem. Despite […]

The European Union (EU) has finally inked an agreement with respect to its comprehensive crypto regulation through the Markets in Crypto Assets (MiCA) framework. The agreement was reached following productive regulations at the trilogue meeting featuring the European Commission, the European Parliament, and the Council of the European Union. The agreement to pass MiCA is […]

Here is yet another stagnant week for the crypto investors with a slight pinch of redness on their portfolios. Ethereum co-founder Anthony Donofrio argued that Bitcoin consumes “way too much” energy. We at TheCoinRise summarize the crypto market for this week, ranging from regulatory involvement to increasing adoption. Regulatory involvement in the crypto industry Following President Joe Biden’s Executive Order from […]

Japan has passed its stablecoin regulation bill as it seeks to enshrine investors’ protection with respect to unforeseen eventualities with the instability in stablecoins. The bill was passed by the Japanese Parliament on Friday and it clarified the legal status of stablecoins as digital money, a designation that implies they can now only be issued […]

Lawmakers in Panama and the broader digital currency ecosystem have been awaiting the signing into law of the digital assets bill as passed by the legislature in April this year. The delay, however, is from the President, Laurentino Cortizo who said he will not be giving his assent based on the clause in the bill […]

Gibraltar, one of the most forward-thinking countries for crypto regulations has updated its Distributed Ledger Technology (DLT) regulatory framework as it seeks to combat the growing market abuse in the country. According to the government’s announcement, the new regulation is centered on setting the standard for market integrity in the virtual asset space. The new […]

HSBC clarified that it would continue to accept payments from crypto..

July 25, 2024

Roma secures Virtual Assets Service Provider License from Dubai VARA

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