Search Results for: Services

Bittrex Exchange Halts Services In 31 Countries Due To Regulatory Risk

Bittrex, a U.S-based blockchain platform that provides real-time trade execution, dependable digital wallets, and industry-leading security practices, has just recently announced the shutdown of operations in 31 countries of the world. These countries were not just suspended but to be blocked owing to crypto regulatory uncertainty. This implies that the customers from these restricted countries … Continue reading Bittrex Exchange Halts Services In 31 Countries Due To Regulatory Risk

World First Crypto Bank Sygnum Receives Approval To Offer Banking Services In Singapore

In a report posted by the Sygnum official blog site on Oct. 31, it has been stated that the company has been granted approval by the Monetary Authority of Singapore (MAS) to operate digital markets services in the country which complemented their recent obtainment of banking and securities dealer license in Switzerland from the Swiss Financial … Continue reading World First Crypto Bank Sygnum Receives Approval To Offer Banking Services In Singapore

Fidelity’s Crypto Arm Given the Green Light by the New York State Department of Financial Services

Fidelity Digital Assets Service (FDAS), the cryptocurrency arm of Fidelity Investments has been granted a license by the New York State Department of Financial Services (NYDFS), allowing the company to offer cryptocurrency trading and custody services.  According to the press release on Nov. 19, the NYDFS authorized FDAS to act as a limited liability trust … Continue reading Fidelity’s Crypto Arm Given the Green Light by the New York State Department of Financial Services

A New Era of Smart Banking: Virtual Bank by Standard Chartered Building Digitally-Born Services

Hong Kong’s currency board and de facto central bank, Hong Kong Monetary Authority (HKMA), introduced the virtual banking license in 2017 for a “new era of smart banking.” Since then, there have been eight licenses granted, one of which includes SC Digital Solutions Limited, the Virtual Bank by Standard Chartered (official name to be revealed), … Continue reading A New Era of Smart Banking: Virtual Bank by Standard Chartered Building Digitally-Born Services

Bitmain-Backed Digital Assets Company Matrixport Extends Its Crypto Services into Europe

Matrixport, a Singapore headquartered and Bitmain-backed crypto company that offers trading, lending, and custody services, extends its services into Europe through the establishment of its new Zurich office. However, for now, Matrixport will not offer its payment services in Europe. Instead, it aims to apply for a Swiss banking license. Matrixport is backed by Bitmain, … Continue reading Bitmain-Backed Digital Assets Company Matrixport Extends Its Crypto Services into Europe

Elliptic to Provide AML Services to Zilliqa’s Blockchain Network

Elliptic, a London-based blockchain analytics startup, has partnered with Zilliqa, a Singapore-based blockchain network provider, to facilitate the infrastructure compliance and security of the latter’s network by offering an anti-money laundering (AML) compliance support.  Through this collaboration, Elliptic will monitor transactions on Zilliqa’s blockchain network, including those involving its ZIL crypto. Moreover, the analytics to … Continue reading Elliptic to Provide AML Services to Zilliqa’s Blockchain Network

Huobi Joins State-Backed Blockchain Alliance in China to Provide Blockchain Infrastructure Services

In the first-ever Blockchain Service Network Partner Conference hosted by the National Information Center and Hangzhou Municipal People’s Government in China, it was announced that cryptocurrency exchange Huobi had joined the Blockchain Services Network (BSN), an alliance initiated by the State Information Center (SIC).  The alliance also welcomed China UnionPay, China Merchants Bank International, WeBank, and Chinese telecom giants, … Continue reading Huobi Joins State-Backed Blockchain Alliance in China to Provide Blockchain Infrastructure Services

Thailand Immigration Services to Implement the Idea of Virtual Visas

Distributed ledger technology will now integrate its way into features of the Thai Immigration Services such as the ‘Visa on Arrival.’ The system is expected to launch very soon and will help approximately 5 million visitors to visit Thailand without extensive procedures. The utilization of blockchain technology will allow the system to speed up the … Continue reading Thailand Immigration Services to Implement the Idea of Virtual Visas

Singapore Payment Services Act Now in Effect For Crypto Firms

Cryptocurrency firms in Singapore must now operate in compliance with the Payment Services Act which came into effect on Jan. 28.   The new legislation requires cryptocurrency providers and exchanges to be licensed under some of the same regulatory elements as traditional financial service providers. In addition, crypto firms must also comply with the Financial … Continue reading Singapore Payment Services Act Now in Effect For Crypto Firms

German Stock Exchange Subsidiary Blocknox Unveils Cryptocurrency Custody Services to Institutional Clients

German Stock Exchange Boerse Stuttgart has announced that its subsidiary Blocknox will begin providing digital asset and cryptocurrency custody services to institutional clients. Blocknox was established in January 2019 as a crypto custody service for users of the BISON app. In September 2019, this service was extended to users of Boerse Stuttgart Digital Exchange (BSDEX). The latest … Continue reading German Stock Exchange Subsidiary Blocknox Unveils Cryptocurrency Custody Services to Institutional Clients

Exit mobile version