Bitget to Introduce Mandatory KYC Requirements
Bitget, the world’s 10th largest cryptocurrency exchange, is implementing comprehensive Know Your Customer (KYC) requirements for all English-speaking users. With effect from December 15, the security-enhancing measure complies with all applicable regulations to guarantee platform compliance. Bitget is executing its KYC procedures in two layers in response to customer requests and the demand for flexibility. […]
CoinMENA Earns Dubai VASP License for Virtual Asset Brokerage
Dubai’s VARA has granted CoinMENA FZE, a crypto asset service provider, a VASP license for virtual asset Broker-Dealer services. CoinMENA has operated out of its Bahrain headquarters, serving customers in the United Arab Emirates. With its new headquarters in Dubai, CoinMENA will now serve UAE consumers with easy-to-use money services. “Thanks to the regulatory clarity […]
ReHold, Moonpay Partner to Streamline Crypto Transactions
The financial technology startup MoonPay has partnered with ReHold, a defi protocol that seeks to incorporate easy-to-use direct fiat-to-crypto buying choices. The partnership accepts several payment options, including bank transfers, Apple Pay, Google Pay, and credit and debit cards. With the recent addition of fiat-to-crypto purchase functionality and features like swaps and dual investments, ReHold, […]
Nasdaq Will Repurpose Tech from Curtailed Crypto Foray
Nasdaq Inc. is planning to repurpose the technology it developed for a curtailed foray into cryptocurrency. In July, Nasdaq postponed debuting its bitcoin custodian business in the United States, although it is still working on tokenized asset technology. In an interview with Bloomberg Television, Nasdaq co-president Tal Cohen disclosed intentions to launch this technology as […]
FASB Introduces Fair-Value Crypto Accounting Standards
The first crypto accounting guidelines published by the Financial Accounting Standards Board have completely changed the way businesses disclose their bitcoin holdings. Businesses that own Bitcoin (BTC) or Ethereum (ETH) are now required by these new regulations to value these assets using the fair value assessment method, which values them at their current market price. […]