The USD-backed token will comply with Singapore’s upcoming stablecoin laws and be issued through a new local Paxos entity that’s received initial approval.
Ex-FTX execs team up to build new crypto exchange 12 months after FTX collapse: Report
The cryptocurrency exchanges offers a self-custody solution that integrates a multiparty computation technique to secure funds.
South Korean exchange Upbit gets initial license nod from Singapore
Upbit Singapore scored initial approval from the country’s central bank and financial regulator for a local crypto license.
Ripple gets formal approval for Singapore payments license
Ripple said it received its fully-fledged digital payment tokens license from the Monetary Authority of Singapore.
SEBA Bank secures in-principle nod for crypto services in Hong Kong
SEBA Hong Kong’s approval joins a flurry of regulated crypto activity that’s taken place over the past month.
Blockchain.com scores payment license from Singapore central bank
The crypto exchange is the 12th to receive a crypto-dealing license in the country allowing it to service accredited investors and institutions.
Australia’s financial regulator cancels license for FTX’s local entity
ASIC had previously suspended FTX’s license to operate in Australia, now the securities regulator has canceled it entirely.
Crypto exchange BitGet seals Lithuanian crypto registration
Seychelles-based cryptocurrency exchange BitGet secures green light to operate in Lithuania.
Gate.io closer to launching US services after receiving local licenses
Gate US said it obtained licenses to operate in “several” U.S. states along with a money service business license from FinCEN leading up to its local launch.
Blockchain.com gets regulatory nod from Singapore’s central bank
Blockchain.com becomes the second crypto exchange in two days to receive preliminary approval to provide crypto services within the growing crypto hub.
FTX US applies for trust charter in New York
Crypto exchanges Coinbase and BitGo have previously received trust charters from New York’s financial regulator, allowing the firms to offer crypto custody services.
FTX crypto exchange wins license in Dubai to open local headquarters
Sam Bankman-Fried’s FTX crypto exchange will offer crypto derivatives products to institutional investors in Dubai with the new license.
Singapore suspends Bitget exchange license over K-Pop coin promotion
The Singapore-based Bitget exchange has reportedly lost its license after a legal tussle with the agency for K-Pop boy band BTS.