Lithuania remains the leader in the EU for crypto licensing due to its efficient setup process, which can be completed in 30-60 days. Moreover, over 70 banks and payment institutions are willing to work with Lithuania-licensed companies.
Binance Exchange is contemplating leaving the Russian market in response to the growing regulatory hurdles it is facing
Bybit exchange has exited the Canadian market as the trading platform noted the country's regulatory environment is unfavorable
Authorities in Russia appears to be mulling plans of abandoning their planned national crypto exchange platform
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