Several prominent financial institutions are preparing to launch an Ethereum Layer 2 chain using Polygon CDK. The chain, named Libre, is expected to provide expanded distribution capabilities for asset managers. In light of this development, Polygon Labs CEO Marc Boiron has declared the CDK as “the home for institutional assets.”The crypto industry has long held […]
Asset management companies are gearing up to introduce spot Bitcoin and crypto Exchange-Traded Funds (ETFs) in Hong Kong, according to Livio Weng, the Chief Operating Officer (COO) of HashKey Group. In an interview with Chinese local media outlet Caixin, Weng revealed that seven to eight of these companies are in the advanced stages of launching […]
BitGo, a digital asset custody provider, has been granted in-principle approval by the Monetary Authority of Singapore (MAS) to operate as a Major Payment Institution (MPI). This regulatory approval allows BitGo to expand its services in Singapore, providing the Asia-Pacific (APAC) region with regulated, secure, and trusted solutions.The MPI license gives BitGo the green light […]
The Indian government has issued a violation warning against nearly a dozen off-shore cryptocurrency exchanges. Following this, Apple’s App Store in India has barred the apps for Binance, KuCoin, Bitget, Huobi, OKX, Gate.io, and MEXC, preventing the addition of new users to these exchange programs.The Financial Intelligence Unit (FIU) of the Indian Ministry of Finance […]
BitGo, a renowned crypto custodian, has received in-principle approval from the Monetary Authority of Singapore (MAS) to operate as a Major Payment Institution (MPI). This approval is a significant step towards obtaining a full MPI license, which would allow BitGo to offer digital payment token services in Singapore.The US-based company’s Singapore arm is eagerly awaiting […]
BitGo, a crypto custodial service provider, has secured in-principle approval from the Monetary Authority of Singapore (MAS) to operate as a Major Payment Institution (MPI). This approval positions BitGo as a leading regulated digital payment token service provider in Asia. Once the full license is granted, BitGo will be able to offer a wide range […]
Apple has taken decisive action by removing the apps of nine major cryptocurrency exchanges, including Binance and Kraken, from its App Store in India. This move comes in the wake of warnings from the Financial Intelligence Unit-India (FIU-IND), a government agency tasked with monitoring financial transactions. The exchanges were accused of failing to comply with […]
Apple has yet to comment on the removal of cryptocurrency exchange apps from its App Store in India. This comes as Binance South Asia X has noted a significant shift of Indian traders towards global cryptocurrency platforms, seemingly to avoid tax obligations. India introduced a 30% tax on virtual currency profits and a 1% deduction […]
In a significant development, Binance, one of the world’s leading cryptocurrency exchanges, has confirmed the removal of its application from Apple’s App Store in India. This move comes amid growing regulatory concerns in the country.It has been revealed that Binance, along with other affected exchanges, failed to adhere to the appropriate regulatory framework in India. […]
The gaming industry is poised for a significant transformation in 2024, with blockchain games expected to take the lead. Metacade, a key player in this revolution, has recently announced strategic partnerships, aiming to create a unified platform for gamers, developers, and investors.Yat Siu, the executive chairman of Animoca Brands, has predicted a resurgence of blockchain […]
