This week Nayms, the blockchain insurance marketplace, was granted regulatory approval in Bermuda. As its brand implies, the concept is inspired by the Lloyds insurance marketplace with an initial focus on providing insurance cover in the cryptocurrency space. In addition, it is launching a second offering, crypto-native captives. Regulated blockchain insurance...
At the end of about five hours of testimony Wednesday, a hearing examiner ended the discussion about permitting what could become the largest crypto-mining operation in the country in Usk with a question: What name do I use? Christopher Anderson, a Spokane County hearing examiner, who also sometimes hears cases...
Leading cryptocurrency exchange Bitfinex has hired Giles Dixon as the Head of Licensing. Bitfinex announced this news on May 4, noting that Dixon joins it with a lot of knowledge in the regulatory and compliance sector. Before joining Bitfinex, Dixon served as the Senior Manager at Grant Thornton LLP in...
The bill regulating the cryptocurrency market in Brazil is expected to be approved by the National Congress in the first half of this year, according to Cointelegraph Brazil. The legislation, which has been debated in the Chamber of Deputies since 2015, has been approved in the first round of consideration....
Binance, the world’s biggest crypto exchange in terms of trading volume, received in-principle approval to operate in Abu Dhabi, marking its third regulatory approval in the Middle Eastern region after Bahrain and Dubai. The in-principle approval from the Abu Dhabi Global Market (ADGM) allows Binance to operate as a broker-dealer...
HashKey’s platform will offer trading, brokerage and automated trading services for cryptocurrencies, virtual commodities, stablecoins and security tokens. Hong Kong’s SFC (Securities and Futures Commission) has granted in-principle approval to HashKey Group allowing it to operate a virtual asset trading platform in the city. HashKey is a digital asset financial...
Jack Guez | Afp | Getty Images ABU DHABI, United Arab Emirates — U.S. cryptocurrency exchange Kraken is expanding into the Middle East and will open its regional headquarters in Abu Dhabi after receiving a full license to operate a regulated trading platform in the UAE. “We’re incredibly excited to...
Grayscale has made a fresh attempt to win approval from the US securities watchdog to turn the world’s largest crypto investment vehicle into a fund that trades on major Wall Street exchanges. The asset manager has focused on a legal detail in a bid to bolster its application with the...
Though Osprey Funds intends to eventually convert its bitcoin trust to an ETF, the company’s CEO told Blockworks, “We’ve seen no light at the end of the tunnel” Gemini executive calls Teucrium bitcoin futures decision the “precursor” to agency’s spot bitcoin ETF go-head When — or if — the SEC...
Time is running out for cryptocurrency businesses looking to get approval to operate in the U.K. As the Financial Times reported Friday (March 18), the country’s Financial Conduct Authority (FCA) has given its blessing to just 27 of the 100-plus companies that applied for crypto registration, with less than two...
