service providers

Singapore Allows Crypto Companies to Operate Without a License for 6 Months

</header> <strong>The Monetary Authority of Singapore has granted an exemption from holding a license to a number of cryptocurrency companies operating in the country under the new Payment Services Act. </strong><strong>Among the companies benefiting from this six-month grace period are Binance, Coinbase, Gemini, Bitstamp, Luno, Upbit, and Wirex.</strong> Also read: 2x Bitcoin — Wanna Double …

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Digital Remittances Reach Record High of $96 Billion, Fees Charged by Traditional Providers Open Door for Cryptocurrencies

</header> <strong>In a globalized world where labor follows capital, the remittance industry has been growing constantly in both volume and users. Traditional providers like banks and money transfer companies have been charging high fees for their services which creates opportunities for alternative digital platforms and decentralized cryptocurrencies. </strong> Also read: Russians Can Use Qiwi, Sberbank, …

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V20 Summit Concludes With Promises for Crypto Industry

<header class=”article__header”> </header> <strong>As the G20 leaders’ summit came to a close, the nearby V20 summit concluded with a set of promises for the crypto industry in response to the global crypto standards set by the Financial Action Task Force. A group of national crypto associations aims to engage with government agencies and global policymakers …

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Bahrain Increasingly Crypto-Friendly

<strong>Bahrain has become increasingly crypto-friendly as half of the companies approved for the country’s regulatory sandbox are now either crypto exchanges or other crypto businesses including ATMs. There are currently 30 companies approved for the regulatory sandbox by the central bank.</strong> Also read: Indian Supreme Court Postpones Crypto Case at Government’s Request Regulatory Sandbox Thirty …

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Finland Begins Regulating Crypto Service Providers

<header class=”article__header”> </header> <strong>Finland’s president has approved a law to regulate cryptocurrency service providers including exchanges, custodian wallet providers, and issuers of cryptocurrencies. The law will enter into force next week. Crypto service providers will need to register with the country’s Financial Supervisory Authority and meet statutory requirements.</strong> Also read: Indian Supreme Court Postpones Crypto …

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France Adopts New Cryptocurrency Regulation

<header class=”article__header”> </header> <strong>The French government has adopted a financial sector bill that establishes a legal framework for cryptocurrency service providers and initial coin offerings. The bill includes both optional and mandatory licensing, and also specifies the types of funds that can invest in crypto assets.</strong> Also read: Indian Supreme Court Postpones Crypto Case at …

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