The new licenses are required for businesses hoping to mine digital currency in the country, a legal requirement in Iran since laws were introduced in July 2019.
Digital currency businesses looking to operate in the United Kingdom are reportedly finding the licensing terms set out by the Financial Conduct Authority to be too challenging.
The Financial Services Agency said Bybit is allowing Japanese residents to register and leverage the exchange, despite not having the proper registration to offer such services in the country.
United Kingdom’s financial watchdog has issued a public warning against Dalsari, which it says is an unregistered firm offering trading services in digital currencies.
Kyrgyzstan wants to formally regulate its digital currency industry, starting off with a licensing regime for exchanges.
Hong Kong-based Huobi digital currency exchange has been granted a license to offer digital currency services in Nevada via a subsidiary.
Finance minister Veiko Tali was quoted saying the figures were evidence digital currency firms required “heightened attention” from regulators to ensure compliance.
The UK regulator’s new temporary regime would run until July 9, 2021, and would apply to existing digital currency businesses who have yet to secure a required license to operate.
Financial regulators from 49 U.S. states have agreed on a plan for consolidating digital currency licensing compliance.
A notice confirms that digital currency ATMs constitute banking business, meaning they fall within BaFin’s regulatory remit.
Bitstocks, the company behind Gravity, is now registered with the U.K. Financial Conduct Authority as an EMD Agent.