VASP

ReadyCorp, a consultancy firm with global reach, revealed its offer of expert regulatory and compliance support for businesses worldwide seeking to enter the Argentinian crypto and digital asset sectors. The company assists new and pre-existing companies and guarantees to be a trustworthy partner in navigating the complexities of Argentina's rapidly evolving crypto landscape. Most of the services provided by ReadyCorp cater to two business types - New Company Formation and Ready-Made (Pre-existing) Company - and each come with 2 crypto-friendly…

The post Binance Scores Landmark VASP License in Dubai, UAE Users to Migrate appeared first on Coinpedia Fintech News Binance’s relationship with controversy is well-documented, yet the company remains steadfast in its expansion goals. In a highly anticipated move, Binance has secured a Virtual Asset Service Provider (VASP) license from Dubai’s Virtual Assets Regulatory Authority (VARA), marking a significant shift for its users in the UAE. Transition to Binance Dubai Binance announced that by December 15, 2024, all UAE resident…

The post Binance Secures VASP License in Dubai appeared first on Coinpedia Fintech News Binance’s relation with controversy is not new and despite that the firm is dedicated towards their expansion goals. After much anticipation, Binance has finally secured a Virtual Asset Service Provider (VASP) license from Dubai’s Virtual Assets Regulatory Authority (VARA), leading to a significant shift for its UAE users.  Binance’s Strategic Move in UAE Binance announced that by December 15, 2024, all UAE resident accounts will migrate…

Deribit FZE, the Dubai entity of crypto derivatives firm Deribit, announced it received a conditional Virtual Asset Service Provider (VASP) license from Dubai’s Virtual Asset Regulatory Authority (VARA). The platform will also relocate its global headquarters to Dubai.   Deribit FZE secured a conditional Virtual Assets Service Provider license from Dubai’s financial regulator. The conditional license allows Deribit to offer VA Exchanges Services and covers both spot and derivatives trading. The license, however, is non-operational until Deribit satisfies the VARA’s remaining…

Digital currency companies are responding to anti-money laundering requirements of the Financial Action Task Force (FATF). The latest response to the requirements involved the development of a new messaging standard. The new messaging standard is known as IVSM101. Two months to the end of 2018, the FATF was able to adopt changes to its recommendations to explicitly clarify that they apply to financial activities involving virtual assets (VA). This led to the expansion of the scope of the recommendations to apply to…

Cayman Islands’ legislative assembly introduced new legislation capable of regulating local companies carrying out activities related to cryptocurrencies. The main purpose of the proposed rules is towards monitoring the operations of digital asset exchanges. On April 28, the Virtual Asset Service Provider (VASP) Bill was submitted for review and its aim is offer a regulatory framework. The framework deals with registration guidelines and requirements for companies that offer services related to cryptocurrency. The proposed regulations are based on FATF guidelines such that…