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Singapore Payment Services Act Now in Effect For Crypto Firms

Singapore Payment Services Act Now in Effect For Crypto Firms

The Monetary Authority of Singapore now requires cryptocurrency providers and exchanges to be licensed under some of the same regulatory elements as traditional financial service providers.

117 Smuggled Crypto Mining Machines Seized by Iranian Police

117 Smuggled Crypto Mining Machines Seized by Iranian Police

The Iranian provincial police had apprehended an individual who was said to be smuggling in cryptocurrency mining machines. This was reported by the local news agency Fars News, on July 31.

FINRA Ends Regulatory Unclarity By Awarding Harbor with Crypto Broker-Dealer License

FINRA Ends Regulatory Unclarity By Awarding Harbor with Crypto Broker-Dealer License

The Financial Industry Regulatory Authority (FINRA) awarded Harbor Square Investments a broker-dealer license. Harbor Square Investments is a subsidiary of tokenized securities platform-Harbor.

Dubai Economy Moves to Blockchain-Based Unified Business Registry Platform

Dubai Economy Moves to Blockchain-Based Unified Business Registry Platform

Dubai’s Department of Economic Development has announced its move to a Unified Business Registry Platform (UBRP). The UBRP is hosted on the innovative Blockchain Platform as a Service (BPaaS) of Dubai Pulse which is a joint initiative of Smart Dubai and du.

LedgerX “Not Yet Approved” by CFTC to Launch Physical Bitcoin Futures

LedgerX “Not Yet Approved” by CFTC to Launch Physical Bitcoin Futures

The United States Commodities and Futures Trading Commission (CFTC) confirmed that LedgerX has not yet been approved to offer physically-settled Bitcoin futures in contrary to previous announcements.

Bitmain-Backed Digital Assets Company Matrixport Extends Its Crypto Services into Europe

Bitmain-Backed Digital Assets Company Matrixport Extends Its Crypto Services into Europe

Matrixport, a Singapore headquartered and Bitmain-backed crypto company that offers trading, lending, and custody services, extends its services into Europe through the establishment of its new Zurich office.

Ping An of China’s Blockchain Unit Chooses US over Hong Kong for IPO

Ping An of China’s Blockchain Unit Chooses US over Hong Kong for IPO

Chinese insurance giant, Ping An Insurance’s financial technology arm, OneConnect is leaning towards choosing New York over Hong Kong for its initial public offering (IPO) this year in mid-November.

Louisiana State Congress Unanimously Pass Crypto-Business Licensing Bill

Louisiana State Congress Unanimously Pass Crypto-Business Licensing Bill

Crypto businesses may be offered a regulated path to legalization in the state of Louisiana. The proposed bill has been backed by Louisiana state representative Mark Weight. Should the bill be passed, the state would have a regulated crypto framework to operate within and would provide an official definition of traditionally ambiguous cryptocurrency-related terms.

Switzerland’s Sygnum Crypto Bank Launches Swiss Franc-Backed Stablecoin to Facilitate Trading of Financial Assets

Switzerland’s Sygnum Crypto Bank Launches Swiss Franc-Backed Stablecoin to Facilitate Trading of Financial Assets

Sygnum, a Swiss-based crypto bank, has launched a fiat-based stable coin, DCHF token, tied to the Swiss Franc, in an effort to increase transaction efficiency by enabling faster payment when trading financial assets.

Coinbase CEO Defends Decision to License Analytics Platform to US Secret Service

Coinbase CEO Defends Decision to License Analytics Platform to US Secret Service

CEO of Coinbase Brian Armstrong sold his blockchain analytics software to US Secret Service, and addressed any worries investors might have concerning privacy issues.

Germany’s Federal Financial Regulator Warns Investors Over Bulgarian Crypto Broker

Germany’s Federal Financial Regulator Warns Investors Over Bulgarian Crypto Broker

Bulgarian crypto broker, 5 Capital, has been offering financial services to investors without being approved by the Germany financial watchdog, federal financial supervisory authority (BaFin).

Binance Reaching a Larger User Base by Applying for Singapore’s New Crypto License

Binance Reaching a Larger User Base by Applying for Singapore’s New Crypto License

Crypto exchange Binance has applied for a license in Singapore under the country’s Payment Services Act, a new framework that came into effect on Jan. 28.

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