License

South Africa is planning to license approximately 60 cryptocurrency platforms by the end of March. According to a report by Bloomberg, this initiative by the Financial Sector Conduct Authority (FSCA) underscores the nation's proactive…

Bitstamp, one of the world’s long-standing crypto exchanges, is poised to join its competitors catering to users in Singapore.  The Monetary Authority of Singapore (MAS) has granted a provisional crypto license to crypto exchange Bitstamp…

BVNK, a financial services provider, announced today the acquisition and activation of its Electronic Money Institution (EMI) license in Europe. The development includes the acquisition and operationalization of System Pay Services (Malta)…

An Australian federal court has ruled that Web3 Ventures Pty Ltd, operating under its tradename Block Earner, has been offering crypto products without obtaining a necessary financial services license. It was one of the country's first such…

Cryptocurrency exchange Kraken has recently been licensed to operate in the Netherlands. Obtaining the provider license is a step in Kraken’s plan to broaden its European footprint. Kraken acquired Dutch crypto broker BCM last October, and…

bunq, a neobank with 11 million users, ended 2023 with a net annual profit of €53.1 million, the company announced today (Tuesday). The Netherlands-headquartered neobank is now eying to enter the United Kingdom and has applied for an…

Elon Musk’s social media platform X (formerly known as Twitter) has taken another step towards becoming an “everything app” by securing a money-transmitter license from Utah. It was the fifteenth such state license for the platform in the…

© Reuters. FILE PHOTO: The new logo of Twitter is seen in this illustration taken, July 24, 2023. REUTERS/Dado Ruvic/Illustration/File Photo (Reuters) - Elon Musk's social media platform X, formerly known as Twitter, on Monday…

Andrey Dashin’s brokerage brand ForexTime (FXTM) has renounced its Cyprus Investment Firm (CIF) license and also “ceased all operations from 31st of December 2023” under the Cypriot entity. Dedicated Forex cloud solutions with stable…

In its latest enforcement action, the Australian Securities & Investments Commission (ASIC) has suspended the license of Prospero Markets Pty Ltd (Prospero), an over-the-counter derivatives issuer offering forex and contracts for…