Tag: vasps

Sep 22 2022

Estonia Approves First Bitcoin, Crypto Bank After New Legislation

Striga is the first VASP to be approved since Estonia enacted a new legal framework restricting service providers in the bitcoin and crypto ecosystem.Striga gains regulatory approval to operate in Estonia as a VASP. The company is the first VASP to be approved following the country’s reworked legislation for VASPs. The law requires KYC information, capital requirements, and affiliation...

Sep 21 2022

Crypto Travel Rule And How It Operates

The crypto travel rule was formulated by the Financial Action Task Force (FATF) to guide crypto companies and Virtual assets service providers (VASPs). In this article, the concept and how it operates have been discussed extensively. The Financial Action Task Force (FATF) amended its recommendations in 2019 to include virtual assets (VAs) and Virtual assets service […] The post...

Apr 27 2022

Cuba to issue license for virtual asset service providers (VASPs)

Apr 27 2022 Published at Coinscreed under tags  bcc cuba license news vasps

The central bank of Cuba has announced that it will start issuance of licenses to virtual assets service providers in the country, the license will be for anyone seeking to provide virtual assets-related services. The country's national bank, Banco Central de Cuba (BCC), said on April 26 that it will issue licenses to virtual asset […]

Mar 10 2022

UAE Close To Issuing New Regulatory Framework For Crypto Firms, Says Regulator

The Securities and Commodities Authority (SCA) has stated that the United Arab Emirates (UAE) is moving closer to providing a regulatory and supervisory framework that will control the country's virtual asset business. The Securities and Commodities Authority (SCA), a UAE securities regulator, has stated that it is close to "issuing the regulatory and supervisory framework related to virtual assets issued for investment purposes."...

Aug 24 2021

BitGo on Why the Travel Rule Should Not Apply to Digital Assets

BitGo CEO Mike Belshe and COO Jeff Horowitz talk about one of the hottest topics facing the crypto industry today: regulation. They discuss… what BitGo does why Jeff left his successful TradFi career to go crypto...

Feb 18 2021

‘Evil VASP’ Simulation Preps Crypto Exchanges for FATF Travel Rule

Backed by CipherTrace, TRISA looks to get virtual asset service providers (VASPs) ready for new anti-money laundering rules.

Feb 09 2021

BitMEX Introduces Data Storage Framework for FATF’s Travel Rule

Compliance chief Malcolm Wright led the development of BitMEX’s data storage principles for crypto exchanges.

Dec 23 2020

Coinbase Pleads With FinCEN To Extend the Feedback Window For Proposed Crypto Rules

Dec 23 2020 Published at Coingape under tags  bitcoin news btcbusd btceur btcgbp btcjpy

Coinbase cryptocurrency exchange is seeking an extension to the feedback window given by the Financial Crimes Enforcement Network (FinCEN) for the highly rebuffed newly proposed crypto wallet regulations....

Nov 17 2020

Everything You Need to Know About the Looming Battle Over Privacy in Crypto

Nov 17 2020 Published at Unchained Podcast under tags  2020 banks bitcoin blockchain crypto

Jake Chervinsky, general counsel at Compound Labs, and Kristin Smith, executive director of The Blockchain Association, talk about the storm brewing in the cryptosphere involving self-custody and privacy. In this episode, they cover: the differences between hosted and self-hosted wallets and how transactions between them differ...

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