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Crypto.com Granted Preparatory License to Operate in Dubai

Dubai’s Virtual Assets Regulatory Authority (VARA) has granted a preparatory license to the cryptocurrency exchange Crypto.com, bringing it closer to getting its full operational license.With the Minimal Viable Product (MVP) Preparatory license, Crypto.com has passed the second stage of the licensi…

France on the verge of passing stringent crypto firm licensing laws

The French National Assembly has voted in favor of legislating stricter licensing rules for new cryptocurrency firms in order to harmonize local laws with proposed European Union (EU) standards. The vote was passed with 109 votes (60.5%) in favor to 71 (39.5%) against. With the French Senate having…

Nexo sues Cayman Islands financial regulator over VASP license

The same week that Bulgarian authorities were raiding Nexo’s offices and indicting four individuals for charges related to money laundering, the crypto lender filed suit in the Cayman Islands.In a document dated Jan. 12, Nexo filed a lawsuit against the Cayman Islands Monetary Authority, or CIMA, f…

More Trouble For Binance As License In Europe In Question?

Crypto companies registered or currently seeking registration in France to face more stringent regulatory pressure. Bank of France Governor Francois Villeroy de Galhau raised concerns over crypto firms such as Binance receiving less stringent “registration” from France's Financial Markets Authority…

French central bank governor pushes for crypto licensing ahead of EU laws

Francois Villeroy de Galhau, the Bank of France’s governor, has urged for more stringent licensing requirements for crypto companies in France, citing the current turmoil in the crypto markets.During a speech in Paris on Jan. 5, the central bank governor said France shouldn’t wait for upcoming EU c…

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