Bybit Secures VASP, Card Operator License in Argentina
The Argentine General Inspectorate of Justice has granted cryptocurrency exchange Bybit a license to provide crypto services. Bybit, a cryptocurrency trading platform, announced that just a few weeks after going live with its Mastercard debit card offering, Argentina’s General Inspectorate of Justice had granted it a license to provide virtual assets. The cryptocurrency exchange announced […]
South Korea Strengthens Crypto Regulations with User Protection Act
South Korean cryptocurrency investors should expect tighter protections next month after the government approved new legislation to protect users in the case of a crypto exchange bankruptcy. The Financial Services Commission (FSC) declared on Tuesday that the enforcement decree, scheduled to go into effect on July 19, is a component of a larger plan to […]
Argentina Introduces National Registry for Crypto Exchanges
Argentina is implementing a national registration for cryptocurrency exchanges to maintain market integrity, indicating tighter control over the rapidly growing industry. According to a government notification, the Virtual Asset Service Provider (VASP) registry has been created by the National Securities Commission (CNV) of Argentina, and approximately one hundred individuals and legal entities have applied. New […]
Bybit Seeks License in Hong Kong for Crypto Asset Trading
According to regulatory papers, the cryptocurrency exchange Bybit has sought a Virtual Asset Service Provider (VASP) license in Hong Kong. Bybit is now one of the fourteen candidates vying for a Securities and Futures Commission (SFC) license to provide services in Hong Kong. In the regulatory filing that was sent in on January 31, Bybit […]
OKX Dubai Receives Conditional Crypto License from Regulator
Dubai’s Virtual Assets Regulatory Authority (VARA) issued a virtual asset service provider (VASP) license to the OKX Dubai subsidiary. Despite receiving the license, OKX emphasized that the organization would maintain a “non-operational” status until it could satisfy the regulatory obligations. OKX’s general manager for the Middle East and North Africa region, Rifad Mahasneh, told Cointelegraph […]