CRYPTOCURRENCY
New Travel Rule Regulations Impacting Crypto Transactions
In a recent podcast, Alice Nawfal discusses how new Travel Rule regulations are shaping the crypto industry and the compliance challenges faced by VASPs.
Binance to Transition UAE Resident Accounts to Binance FZE
Binance announces the transition of UAE resident accounts to Binance FZE, following a VASP license from Dubai’s VARA.
Crypto Exchange Deribit Moves Headquarters to Dubai after Oobtaining VASP License
Crypto exchange Deribit moves headquarters to Dubai after obtaining a VASP license, expanding crypto trading services in the region.
Kraken Acquires Registration for VASP in the Netherlands
Kraken secures a VASP registration from the Dutch Central Bank, marking a significant step in its European expansion and commitment to regulatory compliance. This strategic move enhances Kraken's offerings in the Netherlands and positions it for further growth in Europe.
Dubai's VARA Appoints Matthew White as CEO
Dubai's VARA is appointing Matthew White as its new CEO, focusing on regulatory compliance in the cryptocurrency space, following a leadership transition.
Taiwan's Legislature Considers Virtual Asset Management Bill to Protect Consumers
The Taiwanese Legislature is deliberating on a new Virtual Asset Management Bill aimed at fostering better consumer protection and industry oversight. The bill, seen as moderate, outlines pragmatic mandates for VASPs while leaving room for further regulatory fine-tuning, marking a significant step in Taiwan’s evolving digital asset regulatory landscape.
Taiwan's Major Crypto Exchanges Form Association to Align with Upcoming Regulations
Taiwan's major crypto exchanges form an industry association to align with upcoming regulations by the Financial Supervisory Commission. The association aims to serve as a unified voice for the industry and facilitate effective communication with the government.
Taiwan Regulates Crypto Exchanges, Bans Unregistered Foreign Operators
Taiwan's FSC has released new guidelines for regulating Virtual Asset Service Providers (VASPs) in the country. The guidelines, effective from September 26, 2023, prohibit foreign VASPs from operating in Taiwan without proper registration and encourage self-regulation within the industry.
Crypto Lending Platform Sandbank Temporarily Suspends New Deposits and Investment Features in Response to Crypto Market Challenges
Sandbank, a leading crypto lending and investment platform, has announced its temporary suspension of new deposits and investment features in response to the challenges and uncertainties prevailing in the crypto market.
Estonia Shuts Down Crypto Firms
Nearly 400 virtual asset service providers (VASPs) have shut down in Estonia due to enhanced Anti-Money Laundering laws. The Financial Intelligence Unit (FIU) revoked the authorizations of almost 190 firms for non-compliance. The remaining 100 active crypto firms had issues with misleading company information, including falsified professional backgrounds and copied business plans.