Tag: Operate

Coinbase Secures Regulatory Approval to Operate as a Virtual Asset Service Provider in Ireland – Regulation Bitcoin News

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Coinbase has announced it has secured regulatory approval as a virtual asset service provider (VASP) in Ireland, according to a company blog post published on Dec. 21. According to the company, Coinbase has been approved by Ireland’s central bank which means the company can “provide products and services to individuals and institutions in Europe and internationally, from Ireland.” Coinbase Approved to Be a Regulated VASP by the Central Bank of Ireland On Dec. 21, 2022, Coinbase (Nasdaq: Coin) informed the public that it has been granted regulatory approval by the…

Gate US Receives Licenses to Operate Crypto Exchange in Several States, will Launch Services Soon

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Cryptocurrency exchange Gate.io’s subsidiary Gate US has announced that it will launch its services in the United States, barring New York, Hawaii, and Puerto Rico states. However, it has not given any timeline as to when its services will be available in the US. Gate US has received licenses to operate in several US states, the company said in a press release. “Gate US is committed to regulatory compliance. In alignment with such commitments, Gate US has proactively registered as a money services business with FinCEN and obtained some money…

Crypto investment firm Q9 gets provisional approval to operate in Dubai

A Hong Kong-headquartered crypto investment platform, Q9 Capital, received provisional virtual asset approval from Dubai’s Virtual Asset Regulatory Authority (VARA). The company announced its expansion to the UAE and applied for a full operating license as well.  According to its press release from Oct. 27, Q9 will establish a regional hub in Dubai and start providing services to qualified investors and financial service providers once it receives a full operating license. The provisional approval from VARA gives the crypto platform the legal possibility to set up offices and provide digital…

Blockchain.com Gets Green Light to Operate in Singapore

Crypto exchange Blockchain.com has secured regulatory approval from the nation’s central bank. Blockchain.com has been eyeing the Singaporean market because it deems it an attractive location to enhance its institutional clients and team.  The latest approval came a day after that of crypto exchange Coinbase, bringing the number of crypto companies permitted to operate in Singapore to eighteen.  Approximately 180 crypto firms had applied for operating licenses in the nation as of January 2022. Per the report: “Singapore’s welcoming approach has helped the financial hub attract digital asset services-related…

Huobi Obtains License to Operate in the British Virgin Islands, States There Is No Timetable for Expansion Into the United Kingdom Yet

  Huobi’s affiliate Brtuomi Worldwide is one of the first exchanges in the British Overseas Territory to offer compliant crypto derivatives and trading services. In addition, Huobi, a major cryptocurrency exchange, is expanding its worldwide presence by entering the British Virgin Islands, a British Overseas Territory. Huobi stated on Friday that it had obtained an investing company license from the British Virgin Islands Financial Services Commission (FSC). The permission enables Huobi to run a virtual asset exchange through its subsidiary Brtuomi Worldwide Limited (BWL). BWL intends to provide various crypto…

Blockchain.com Gets Regulatory Approval to Operate Crypto Exchange in Dubai

London-based crypto firm Blockchain.com announced Friday that it has received regulatory approval to operate its exchange in Dubai, a city in the United Arab Emirates (UAE). Following the approval, the U.K.-based firm said it has signed an agreement with VARA to allow Blockchain.com to open an office in Dubai, believing it will soon begin offering regulated crypto derivatives products to institutional investors in Dubai. Amongst its plans is to offer transaction and custodial services to retail users in the UAE. This development from Blockchain.com comes at a time when more…