🚀 Swiss Crypto Bank Amina Seeks VASP License in Austria
#Amina #CryptoBank #VASP #Austria #FranzBergmüller #InvestmentGrowth #SEBABank #FinancialRegulation
According to BlockBeats, on September 10, Franz Bergmüller, CEO of Swiss-based crypto bank Amina, announced that the company is applying for a Virtual Asset Service Provider (VASP) license from the Austrian Financial Market Authority. Bergmüller emphasized that before Amina can operate or generate revenue in Austria, a new team must be established.
Bergmüller stated, 'As a bank, we are approaching breakeven, but we have deliberately decided to prioritize investment growth at this stage.' Amina, formerly known as SEBA Bank, was headquartered in Zug, Switzerland, in April 2022.#Amina #CryptoBank #VASP #Austria #FranzBergmüller #InvestmentGrowth #SEBABank #FinancialRegulation
🚀 Amber Premium FZE Receives Preliminary Approval for VASP License in Dubai
#AmberPremiumFZE #VASP #Dubai #VirtualAssets #UAE #RegulatoryApproval #DigitalAssets #Brokerage #LendingSolutions #InvestmentServices
According to Foresight News, Amber Premium FZE, a subsidiary of digital asset company Amber Group and enterprise service and consulting firm NH Management, has received in-principle approval for a Virtual Asset Service Provider (VASP) license from the Dubai Virtual Assets Regulatory Authority (VARA). This preliminary approval allows Amber Premium FZE to offer a wide range of virtual asset services within the regulatory framework of the United Arab Emirates (UAE). These services include brokerage activities, lending solutions, and management and investment services.#AmberPremiumFZE #VASP #Dubai #VirtualAssets #UAE #RegulatoryApproval #DigitalAssets #Brokerage #LendingSolutions #InvestmentServices
🚀 South Korea Approves VASP Registrations After One Year
#SouthKorea #VASP #VirtualAssets #CryptoRegulation #FinancialServices #DSRV #BDACS
According to PANews, the Financial Intelligence Unit (FIU) of South Korea's Financial Services Commission has approved the registration of Virtual Asset Service Providers (VASPs) for the first time in a year. The entities that received approval include DSRV, a virtual asset infrastructure company, and BDACS, a crypto asset custody institution. DSRV submitted its registration application in October 2023 and received approval approximately a year later. BDACS applied in February 2024 and was approved in about six months.#SouthKorea #VASP #VirtualAssets #CryptoRegulation #FinancialServices #DSRV #BDACS
🚀 Assetera Utilizes Polygon For Secondary Market RWA Platform
#Assetera #Polygon #RWA #RealWorldAssets #TokenizedAssets #Securities #Funds #MoneyMarketInstruments #DigitalTrading #Stablecoins #MiFIDII #VASP #MiCA #EuropeanUnion #Retail #ProfessionalCustomers
According to Odaily, Assetera, a blockchain-based financial tools investment and trading company, has integrated Polygon to support its secondary market Real-World Assets (RWA) platform. This platform offers tokenized assets such as securities, funds, and money market instruments in a regulated digital trading environment. Assetera will leverage Polygon to secure transactions and use stablecoins for purchases, clearing, and settlements to ensure a fast and efficient process. The Austria-regulated company holds MiFID II and Virtual Asset Service Provider (VASP) licenses and plans to upgrade to meet the Markets in Crypto-Assets (MiCA) standards, which will enable it to serve clients across the European Union. The platform is accessible to both retail and professional customers.#Assetera #Polygon #RWA #RealWorldAssets #TokenizedAssets #Securities #Funds #MoneyMarketInstruments #DigitalTrading #Stablecoins #MiFIDII #VASP #MiCA #EuropeanUnion #Retail #ProfessionalCustomers
🚀 Argentina Innovates Cryptocurrency Framework To Protect Users
#Argentina #Cryptocurrency #Regulation #UserProtection #VASP #Compliance #MoneyLaundering #Cybersecurity
According to Odaily, Argentina is taking steps to enhance the protection of cryptocurrency users by innovating its cryptocurrency framework. The Argentine Securities Regulatory Authority (CNV) has recently announced a public consultation on a draft proposal aimed at regulating the operations of Virtual Asset Service Providers (VASPs) in the country. This proposal introduces new compliance requirements for these entities.
If Resolution No. 1025 is approved, cryptocurrency companies will be required to disclose agreements with third parties and customers. Additionally, the framework seeks to prevent money laundering and terrorism financing by establishing policies and cybersecurity standards. This initiative follows the introduction of VASP registration earlier this year.#Argentina #Cryptocurrency #Regulation #UserProtection #VASP #Compliance #MoneyLaundering #Cybersecurity
🚀 Taiwan To Implement Virtual Asset Platform Registration In November
#Taiwan #VirtualAssets #VASP #Registration #FinancialSupervisoryCommission #AML #CryptoRegulation #Compliance
According to PANews, Taiwan will advance the implementation of the Virtual Asset Service Provider (VASP) registration system starting November 30, 2023. The chairman of Taiwan's Financial Supervisory Commission recently stated that 26 companies have already obtained anti-money laundering compliance statements, with an additional 20 to 30 applications currently being processed. The director of Taiwan's Investigation Bureau noted that inspections were conducted on four companies last year, revealing four main types of deficiencies. Further inspections are scheduled for six VASP operators in November and December this year.#Taiwan #VirtualAssets #VASP #Registration #FinancialSupervisoryCommission #AML #CryptoRegulation #Compliance
🚀 Taiwanese Man Arrested For Illegal USDT Transactions
#Taiwan #USDT #cryptocurrency #illegaltransactions #AntiMoneyLaundering #VASP #Kaohsiung #Taipei #socialmedia #lawenforcement
According to PANews, a 30-year-old man in Kaohsiung, Taiwan, has been apprehended by police for engaging in illegal Tether (USDT) transactions. This marks the first case since the implementation of the new Anti-Money Laundering Law's Virtual Asset Service Provider (VASP) registration system. The investigation revealed that the man used social media platforms to find buyers, completing over 100 transactions within a month and selling 400,000 USDT, earning approximately 800,000 New Taiwan dollars.
In a related incident, authorities in Taipei uncovered an illegal cryptocurrency trading operation with transactions exceeding 200 million New Taiwan dollars and illicit profits reaching 20 million New Taiwan dollars. Police have issued a warning that individuals and businesses conducting cryptocurrency transactions without proper registration are violating the law and may face penalties of up to two years in prison and fines of up to 5 million New Taiwan dollars.#Taiwan #USDT #cryptocurrency #illegaltransactions #AntiMoneyLaundering #VASP #Kaohsiung #Taipei #socialmedia #lawenforcement
🚀 South Korea Issues VASP License To Second Crypto Brokerage
#SouthKorea #VASP #CryptoBrokerage #HappyBlock #FinancialIntelligenceUnit #Bitcoin #DigitalAssets #FinancialServicesCommission #Cryptocurrency #Licensing
According to Odaily, South Korea's Financial Intelligence Unit (FIU) has granted a Virtual Asset Service Provider (VASP) license to Happy Block, marking the second cryptocurrency brokerage to receive such approval. This development suggests a potential shift towards allowing companies to purchase Bitcoin and other digital assets. In December of last year, the FIU issued a VASP license to another brokerage, Waybridge. Operating under the support of the Financial Services Commission (FSC), South Korea's top regulatory body, the FIU is the sole authority in the country authorized to issue VASP licenses. Until recently, only a few cryptocurrency exchanges had successfully obtained these licenses.#SouthKorea #VASP #CryptoBrokerage #HappyBlock #FinancialIntelligenceUnit #Bitcoin #DigitalAssets #FinancialServicesCommission #Cryptocurrency #Licensing
🚀 Colombian Lawmakers Propose Bill To Protect Cryptocurrency Users
#Colombia #Cryptocurrency #Legislation #UserProtection #VASP #Regulation #CryptoTaxation #AML #CFT #Investment #FinancialSuperintendency
According to PANews, Colombian Senator Gustavo Moreno and Congress Representative Julián López have introduced a bill aimed at establishing a legal framework to protect cryptocurrency users in the country. Moreno highlighted that the absence of regulation allows cryptocurrency exchanges and other companies to operate in an unregulated environment, posing uncertainty and risks to customers.
The proposed legislation includes 16 provisions covering monitoring, marketing rules, education, cryptocurrency taxation, and anti-money laundering and counter-terrorism financing measures (AML/CFT). The lawmakers stated that by 'protecting users,' the bill could also encourage cryptocurrency investment in the long term. Additionally, the bill seeks to introduce a licensing system for cryptocurrency operators, requiring them to register as Virtual Asset Service Providers (VASP). In other countries, VASP licensing systems typically aim to ensure that cryptocurrency exchanges and wallet companies comply with AML/CFT protocols.
Since 2021, the Colombian Financial Superintendency has been conducting pilot projects related to cryptocurrencies. However, these pilot projects have yet to produce a 'specific regulatory framework.'#Colombia #Cryptocurrency #Legislation #UserProtection #VASP #Regulation #CryptoTaxation #AML #CFT #Investment #FinancialSuperintendency
🚀 European Banking Authority Highlights Regulatory Challenges in Crypto Sector
#EuropeanBankingAuthority #MiCA #AML #CTF #regulatoryarbitrage #VASP #frontcompanies #EuropeanUnion #EU
According to PANews, the European Banking Authority has released a new report focusing on how the cryptocurrency industry is attempting to circumvent new regulations such as the Markets in Crypto-Assets (MiCA) and its expanded anti-money laundering and counter-terrorism financing legislative framework. MiCA, which came into effect at the end of 2024, establishes unified regulatory rules for crypto asset service providers across the 27-member economic bloc. While the report does not specify particular companies, it notes that some entities may continue to evade regulatory requirements, potentially impacting the integrity of the EU's financial system.
One significant risk identified is 'regulatory arbitrage,' where companies obtain regulatory approval in countries with more lenient oversight to operate in other EU regions. Before MiCA's implementation, an unnamed entity applied for registration in multiple countries and later withdrew from jurisdictions under scrutiny to operate in less challenged nations. Although MiCA became fully effective last year, a transition window is set until July 1, 2026, allowing entities that have appealed against authorization conditions to continue operations during this period.
Additionally, some cryptocurrency companies may lack clear identification of actual beneficiaries and governance structures. One virtual asset service provider (VASP) was found to be operated by over 20 unregulated entities outside the EU, raising concerns about transparency. Such opaque structures could lead to the misuse of front companies as channels for money laundering.#EuropeanBankingAuthority #MiCA #AML #CTF #regulatoryarbitrage #VASP #frontcompanies #EuropeanUnion #EU
🚀 Kenya Advances Digital Asset Regulation with New Legislation
#Kenya #DigitalAssetRegulation #VirtualAssetServiceProviders #VASP #Stablecoins #CapitalMarketsAuthority #CentralBankOfKenya #CryptoExchanges #KenyaLegislation #WilliamRuto #Parliament #ForesightNews
According to Foresight News, the Kenyan Parliament has approved the Virtual Asset Service Providers Bill, aiming to establish a clear regulatory framework to encourage investment in the digital asset industry. The bill designates the Central Bank of Kenya as the licensing authority for stablecoins and other virtual asset issuances. Additionally, the Capital Markets Authority will be responsible for issuing licenses to cryptocurrency exchanges and other trading platform operators. The bill now awaits the signature of President William Ruto to become law.#Kenya #DigitalAssetRegulation #VirtualAssetServiceProviders #VASP #Stablecoins #CapitalMarketsAuthority #CentralBankOfKenya #CryptoExchanges #KenyaLegislation #WilliamRuto #Parliament #ForesightNews
🚀 Liquidity Fintech FZE Receives Initial Approval for Virtual Asset Services in Dubai
#LiquidityFintechFZE #LiquidityTech #VARA #VASP #VirtualAssets #Dubai #UAE #MiddleEast #FinTech
According to PANews, Liquidity Fintech FZE, a subsidiary of Liquidity Tech based in Dubai, has obtained 'in-principle approval' (IPA) from the Dubai Virtual Assets Regulatory Authority (VARA) to operate as a virtual asset service provider (VASP). This approval enables the company to conduct virtual asset brokerage and proprietary trading activities in the United Arab Emirates, serving as a regional hub for qualified and institutional investors in the Middle East. Liquidity Tech plans to proceed with the full licensing application process. VARA is responsible for licensing and regulating digital asset activities in Dubai, emphasizing the balance between innovation and investor protection within its framework requirements.#LiquidityFintechFZE #LiquidityTech #VARA #VASP #VirtualAssets #Dubai #UAE #MiddleEast #FinTech
🚀 Binance Secures AML Registration in Pakistan for Digital Asset Services
#Binance #AML #Pakistan #DigitalAssets #Regulation #VASP #AntiMoneyLaundering #SouthAsia #VirtualAssets #PVARA #BNB
According to the announcement from Binance, the company has achieved a significant regulatory milestone in Pakistan. This development follows strategic discussions between Binance's senior leadership and Pakistani government officials, led by Binance Co-CEO Richard Teng. These ongoing engagements underscore Binance's dedication to fostering a regulated and secure digital asset ecosystem within the country.
Binance has successfully obtained an Anti-Money Laundering (AML) registration under the framework of Pakistan's PVARA. This achievement marks a crucial step towards full licensing and local incorporation in Pakistan. The phased approach adopted by Binance will allow the company to offer AML-registered cross-border services while preparing for full Virtual Asset Service Provider (VASP) licensing, in accordance with Pakistan's regulatory roadmap.
The company emphasizes its commitment to supporting digital economies across South Asia and is eager to continue collaborating with regulators and stakeholders in the region. The goal is to build a robust, transparent, and inclusive virtual asset ecosystem. It is important to note that these regulatory changes are structural and do not alter the way users interact with the platform. Users' day-to-day experience on the platform will remain largely unchanged.#Binance #AML #Pakistan #DigitalAssets #Regulation #VASP #AntiMoneyLaundering #SouthAsia #VirtualAssets #PVARA #BNB
🚀 Animoca Brands Secures VASP License from Dubai's VARA
#AnimocaBrands #VASP #VARA #Dubai #VirtualAssets #Blockchain #Crypto #RegulatoryCompliance #VirtualAssetServices #InstitutionalInvestors
Animoca Brands has announced that it has obtained a Virtual Asset Service Provider (VASP) license from the Virtual Assets Regulatory Authority (VARA) in Dubai. According to Foresight News, this license permits Animoca Brands to conduct business within the Emirate of Dubai, excluding the Dubai International Financial Centre, and to offer virtual asset brokerage, trading, management, and investment services to global institutional and qualified investors. VARA, established under Dubai Law No. 4 of 2022, is the authoritative body responsible for regulating, supervising, and overseeing virtual assets and related activities within the Emirate of Dubai.#AnimocaBrands #VASP #VARA #Dubai #VirtualAssets #Blockchain #Crypto #RegulatoryCompliance #VirtualAssetServices #InstitutionalInvestors
🚀 XRP Reaches Monthly High as Ripple Expands Services in Brazil
#XRP #Ripple #Brazil #Crypto #DigitalAssets #VASP #CrossBorderPayments #Fintech #Blockchain #Cryptocurrency
XRP surged to $1.60 late Monday, marking its highest level in a month. According to NS3.AI, this increase coincides with Ripple's expansion of digital asset services in Brazil and its intention to apply for a Virtual Asset Service Provider (VASP) license. Over the past two weeks, XRP open interest has climbed 33% to $2.82 billion, indicating heightened participation in derivatives markets. Ripple's new offering in Brazil integrates cross-border payments, custody, brokerage, and treasury management for banks and fintech companies.#XRP #Ripple #Brazil #Crypto #DigitalAssets #VASP #CrossBorderPayments #Fintech #Blockchain #Cryptocurrency
🚀 Rwanda's Central Bank Warns Against FRW-Based Crypto Payments Amid New Regulations
#Rwanda #CentralBank #CryptoRegulation #FRW #Cryptocurrency #VASP #CBDC #DigitalCurrency #FinancialRegulation #eFRW
Rwanda's central bank has issued a warning against using the Rwandan Franc (FRW) for cryptocurrency payments and peer-to-peer trading following the listing of FRW on Bybit's platform. According to NS3.AI, this caution comes as a draft law proposes fines of up to 30 million FRW for unlicensed Virtual Asset Service Provider (VASP) operators. The Rwandan Cabinet approved the bill on March 4, 2026, and the Chamber of Deputies passed its general principles on March 31, with committee reviews still ongoing.
In addition to regulatory measures, the National Bank of Rwanda (BNR) is conducting a 12-month domestic pilot for its Central Bank Digital Currency (CBDC), the e-FRW, after completing a proof-of-concept in February 2026. This initiative reflects Rwanda's cautious approach to integrating digital currencies within its financial system while ensuring regulatory compliance and consumer protection.#Rwanda #CentralBank #CryptoRegulation #FRW #Cryptocurrency #VASP #CBDC #DigitalCurrency #FinancialRegulation #eFRW