Coinify exchange secures regulatory nod to operate in Italy
The Danish digital assets exchange is registered in over 180 countries and territories and offers a payment solution for fiat into the digital asset market.
The Danish digital assets exchange is registered in over 180 countries and territories and offers a payment solution for fiat into the digital asset market.
Sopnendu Mohanty also said that the MAS would enforce a "painfully slow" and "extremely draconian due diligence process" for digital assets firms to gain licenses to operate in Singapore.
The Dubai Virtual Assets Regulatory Authority license lays the foundation for OKX to obtain a full-scale license in the coming months to offer digital currency services in the region.
Elisabeth Wallace, director at Dubai Financial Services Authority, says there is an increase of “bad actors” taking advantage of the regulatory arbitrage in the digital currency sector.
Fumio Kishida confirmed that his government will support private enterprises in the digital assets industry and "promote efforts to expand the use of Web 3.0 services that utilize the metaverse and NFTs."
Users are given a seven-day window to make trades before moving all accounts into “close-only mode,” and in this mode, they will only be allowed to make withdrawals from their accounts.
France's ambition to become a virtual currency hub is gaining traction, said Finance Minister Bruno Le Maire, but reiterated that the country remains aloof on using digital currencies.
The approval was issued by Dubai’s VARA, a body created in March to regulate the activities of digital currency firms in the region.
Security researchers have discovered more than 40 vulnerabilities in the past month in several cryptocurrencies.
Amber terminated the contracts of 40 individuals across several departments in its Hong Kong office, including risk management, IT, and the entire audit and compliance unit.
Out of the 15 unauthorized investments in foreign exchange and virtual currency markets, only two were found to have a direct affinity to the digital asset sector.
LINE NEXT's newest marketplace, DOSI, looks to showcase Southeast Asia's arts and culture in the digital age while working on boosting the mass adoption of NFTs.