The exchange has obtained authorization as an Electronic Money Institution from the UK's Financial Conduct Authority. The license allows the platform to issue electronic money and provide financial services.
The exchange has obtained authorization as an Electronic Money Institution from the UK's Financial Conduct Authority. The license allows the platform to issue electronic money and provide financial services.
The payments giant has been accepting USDC payments on Ethereum from card-issuer Crypto.com in Australia since 2021, and will now use the cheaper Solana network to settle cross-border transactions with Merchant Acquirers, Worldpay and Nuvei, which collect payments on behalf of global retailers.
Binance has exited multiple European countries despite its stated intentions to focus on compliance with MiCA regulations. Meanwhile, the company became the first to obtain an operational license for providing exchange services in Dubai and re-entered the Japanese market with a licensed entity.
One week ago the Singapore crypto exchange announced that it had obtained a minimal viable product preparatory license from Dubai’s Virtual Asset Regulatory Authority.
In the crypto industry everything is done in it its own way - sometimes because it is technically effective, sometimes just because there is no other choice. These proof-of-reserve reports have the aim to assure crypto exchange customers that the balances on their accounts are not just made up. Unlike
