Gemini to expand in UAE as Crypto.com receives an MPI license
To service consumers with addresses in the Emirates, Gemini is applying for a UAE license.Crypto.com Receives an MPI License in Singapore Gemini, a cryptocurrency exchange led by the Winklevoss twins, has commenced the process of acquiring a crypto license to service customers in the United Arab Emirates (UAE). As part of its global expansion plans, […]
Money in Mobile Payment Apps May Lack FDIC Insurance
The FDIC may not protect deposits made using mobile payment apps, and clients may not be aware of this fact, according to a US Watchdog. In a study released on June 1, the United States Consumer Financial Protection Bureau (CFPB) cautioned Americans to keep their money in protected accounts rather than on uninsured payment apps. […]
This Crypto Hearing Is “Crucial ” Says Ripple Executive
On June 6, 2023, there will be a hearing before House Committee on Agriculture regarding the future of Digital Asset, and Ripple has a say. The public publication of the documents and emails related to the Hinman speech is keenly anticipated by the global digital asset market leaders. On June 13, 2023, the critical documents […]
Coinbase Exchange to Launch BTC ETH Futures
Institutional-sized contracts on Coinbase derivatives exchange will be 1 Bitcoin (BTC) and 10 Ethereum (ETH). On Thursday, Coinbase, the U.S. biggest crypto exchange, announced that its derivatives exchange, a CFTC-regulated futures exchange, will launch Bitcoin (BTC) and Ethereum (ETH) futures contracts on June 5. It added that these products will be available for the institutional […]
Crypto.com Gets Singapore License for DPT Services
Crypto.com has secured a Major Payment Institution (MPI) license for Digital Payment Token (DPT) services from the Monetary Authority of Singapore (MAS). This license will enable Crypto.com to continue offering its DPT services, including e-money issuance, account issuance, and money transfers, to customers in Singapore. MAS grants the MPI license as regulatory approval to provide payment services […]