Kenya Proposes Mandatory Local Offices for Crypto Firms to Enhance Oversight
With Kenya ranking 28th globally in crypto adoption, authorities see the need for clear regulations to manage the booming industry.
European Crypto Exchange Bitpanda Secures In-Principle Approval in Dubai
Bitpanda has chosen Dubai as its launchpad for global expansion, citing the UAE’s forward-thinking regulatory framework.
Deribit to Move Entire Business to Dubai in January after Acquiring VASP License
As part of the migration, Deribit clients must accept new terms of service and complete a mandatory KYC process before the end of 2024 to avoid restrictions on their accounts.
Philippines to Tighten Virtual Asset Reporting Rules by January 1
By Bena Ilyas
Under the updated rules, VASPs must submit thirteen reports at specified intervals to ensure thorough oversight. Monthly submissions require two reports detailing transaction volumes, values, and total assets under custody.
Gemini Enters French Market amid European Expansion Strategy
Gemini officially launches in France, leveraging the nation’s supportive crypto regulations to expand its European footprint.
Bybit Obtains Provisional VASP License from Dubai Authority
By Tolu Ajiboye
Dubai’s regulatory authority has given Bybit a provisional license as the company furthers operations in Dubai.
Bybit Launches in Argentina as Licensed VASP and Card Operator
Bybit, one of the leading cryptocurrency exchanges in the industry, has officially expanded its operations to Argentina as a licensed Virtual Asset Service Provider (VASP) and card operator.
South Korea Now Requires Crypto Exchanges to Have Insurance
Apart from safeguarding user funds, the legislation mandates that exchanges implement real-time monitoring systems to detect and report any suspicious trading activities that could be illegal.
South Korean Crypto Exchanges Now Required to Pay Supervisory Fees under New Law
Crypto exchanges such as Upbit, Coinone, GOPAX, and Bithumb could pay up to $220,000 or less, depending on their operational revenue.
Taiwan’s 2nd Largest Telecom Operator Applies to Become Nation’s 26th VASP
The firm is looking forward to a future where the combination of Taiwan Mobile and exchanges will bring about different applications for blockchain technology and digital assets.
Vanuatu’s Long-Awaited Crypto Bill Set for Enactment in September, Says VFSC
By Bena Ilyas
The proposed bill outlines a five-tier licensing system for VASPs. It classifies service providers based on their roles, such as allowing the exchange of cryptocurrencies for fiat or offering crypto custody services.
Taiwan Takes Aim at Crypto Regulation by Forming Self-Regulating Association
The association aims to shape the future of the crypto industry through self-governance.
Crypto.com Secures Regulatory License in Ireland
The company’s expansion into Ireland and other markets underscores its commitment to compliance and security.
Hong Kong Lawmaker Criticizes City’s Web3 Ambitions
Duncan Chiu called for a reassessment of the current regulatory policies to regain and bolster market confidence.
OKX Enters Netherlands with New Crypto Exchange and Wallet
OKX sees great potential in the Dutch market due to its tech-savvy population and increasing interest in cryptocurrencies.