crypto license

GFSC Granted Lendingblock DLT License

GFSC Granted Lendingblock DLT License

The Gibraltar Financial Services Commission (GFSC) has recently granted Lendingblock a full license as a Distributed Ledger Technology (DLT). The CEO of Lendingblock, Steve Swain explain, “We are looking forward to bringing this platform to market to support our clients borrowing and lending needs and are grateful for the assistance that ISOLAS has provided us in reaching this point.”

Huobi Secures Thailand’s Digital Asset License

Huobi has shared in an announcement that it has successfully obtained Thailand’s digital license to operate its digital asset exchange in the country becoming the fifth entity to get it. The CEO of Huobi Thailand, Sakda Katekaew explained, “Our mission in Thailand is to provide Thai users with secure and reliable digital asset trading services through verified technical capabilities. We look forward to working with our partners in government and local enterprises.”

License Must For Crypto Firm In Germany From 2020

The financial regulator of Germany Federal Financial Supervisory Authority (BaFin) has declared that tarting from January 1, 2020 it would implement strict EU anti-money laundering (AML) regulations and all crypto companies would have to obtain a license to operate. Free Democratic Party member Schäffler said, “The government is now forcing cryptocurrency trading platform providers to overrun the country and seek another location in the EU,”

Prime Factor Capital Gets Green Signal From UK’s FCA

The London-based crypto asset management firm Prime Factor Capital has obtained a license from the Financial Conduct Authority (FCA) to operate as a full-scope Alternative Investment Fund Manager (AIFM). Its CEO Nic Niedermowwe claims, “The FCA-regulation brings us under the purview of one of the most recognised financial markets regulators globally. This is particularly relevant in the cryptocurrency space, which has repeatedly captured headlines for poor operating standards and even fraudulent activity.”

ErisX Obtains License for Crypto Futures

The United States Commodity Futures Trading Commission (CFTC) has granted ErisX (crypto exchange based in Chicago) a derivatives clearing organization (DCO) license which will allow it to make digital asset futures contracts available for trade on its regulated derivatives market. Its CEO Thomas Chippas said, “ErisX is unique in that for our digital asset market, we have divided the trading and settlement functions using traditional DCM (exchange) and DCO (clearing) models.”

14 Crypto-assets Agents Gets Approval From MFSA

14 Crypto-assets Agents Gets Approval From MFSA

The Malta Financial Services Authority (MFSA) has given license to 14 crypto assets agents and will now be assisting these to adopt business to the new Virtual Financial Assets Act (VFA). Silvio Schembri, Parliamentary Secretary for Financial Services told that the banks were waiting for them to obtain approval before offering them services.

The Philippines Now Granted 24 Crypto License So Far

The Philippines Now Granted 24 Crypto License So Far

The Cagayan Economic Zone Authority (CEZA) of Philippines have confirmed that it has granted in a total of 24 principal licenses and six regular licenses for cryptocurrency exchanges. The Chief of CEZA, Raul Lambino said, “These 24 companies, these are principal licenses that are committing to invest at least $1 million for facilities that they are going to construct inside the economic zone.”

Omega One Granted Crypto Exchange License in Bermuda

Omega One Granted Crypto Exchange License in Bermuda

An announcement has been made by Omega One that they have successfully acquired the first cryptocurrency exchange license granted by the government of Bermuda. The CEO of Omega One, Gordon-Brander: “We’re very proud to have worked so closely with the Bermuda Monetary Authority – the first in our multi-jurisdiction regulatory strategy – to create a trading venue.”

LMAX Digital Gets ‘In Principle’ DLT License Of Gibraltar

LMAX Digital Gets ‘In Principle’ DLT License Of Gibraltar

LMAX Digital (a cryptocurrency exchange) has received the ‘in principle’ authorization from Gibraltar’s financial services watchdog to operate as a Distributed Ledger Technology (DLT) provider. LMAX Exchange CEO David Mercer said: “We believe regulatory input is essential for the growth of the cryptocurrency market. LMAX Exchange Group has always supported regulatory oversight.”

Mauritius to Introduce Custody Services License for Crypto in March

Mauritius to Introduce Custody Services License for Crypto in March

An announcement has been made by the Financial Services Commission (FCS) of Mauritius regarding their plan to issue the license for Custodian Services for Digital assets in March. Prime Minister of the Republic of Mauritius, Pravind Kumar Jugnauth said, “As an African country, we look forward to fostering further innovation and bringing more prosperity to the region.”