This lucrative region has just recently issued the very first
cryptocurrency trading license to a firm which will allow it to operate as a crypto exchange platform within the UAE.
The UAE is known for being the largest free economic zone in the world and has just extended the very first
cryptocurrency trading license to a gold trading platform looking to expand to cryptocurrency
Not exact matches
The system only allows exchanges that have applied for a
license, known as a «Bitlicense,» from New York State's Department of Financial Services to
trade cryptocurrencies.
The February rollout of cryptotrading to five states will be in phases, and Robinhood said it hopes to offer
cryptocurrency trading to New York residents in the future, but noted that the state and others may require specific
licensing and approvals.
The UK
cryptocurrency community is calling on the Government and the Financial Conduct Authority to toughen up rules governing the
trading of virtual currencies and to issue
licenses to firms which demonstrate compliance.
Parties engaging in the secondary
trading of such tokens (eg, on
cryptocurrency exchanges) may also be subject to the SFC's
licensing and conduct requirements.
With no desire to ban
cryptocurrency trading or introduce
licensing requirements a la
With no desire to ban
cryptocurrency trading or introduce
licensing requirements a la BitLicense, the positive tone is certainly present.
That could make already -
licensed platforms, like bitARG, attractive acquisition targets for other companies interested in expanding into the
cryptocurrency trading world.
New York authorized the Gemini Trust Co exchange founded by internet entrepreneurs Cameron and Tyler Winklevoss to offer
trading of the privacy - focused
cryptocurrency Zcash, making it the world's first
licensed Zcash exchange.
Japanese authorities have terminated the operating
licenses of two
cryptocurrency exchanges, ordering them to halt all kind of
trading activities and business.
WASHINGTON — Coinbase, a leading
cryptocurrency firm, has approached U.S. regulators about registering as a
licensed brokerage firm and electronic -
trading venue, a move that comes as regulators have waged an aggressive campaign to supervise the fledgling industry.
Coinbase, a leading
cryptocurrency firm, has approached U.S. regulators about registering as a
licensed brokerage firm and electronic -
trading venue, according to people familiar with the matter.
Japan has
licensed several
cryptocurrency exchanges, and CME is stepping up efforts to list bitcoin futures to build a more regulated
trading market.
Trading cryptocurrencies would be legal, but would only be allowed for
licensed brokers, dealers, and exchanges.
Dubai gold trader Regal RA DMCC is the first company in the Middle East to get a
license to
trade cryptocurrencies, the Dubai Multi Commodities Centre said.
«Various scenarios such as the imposition of a value - added tax, a capital gains tax, or both on
trade; and the collection of corporate tax from local
cryptocurrency exchanges, as well as the initiation of authorized exchanges with
licenses are being discussed.»
QUOINEX is one of the first Financial Services Authority
licensed cryptocurrency exchanges in Japan, and is one of the most liquid Japanese digital asset exchanges ranked by daily
trading volume.
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Japan's Financial Services Agency Issues
License to 11 Bitcoin Exchanges In a major push to make the adoption and
trading of
cryptocurrencies mainstream, Japan's Financial Services Agency has approved
licenses of 11 companies to legally operate as
cryptocurrency...
And in an effort to curb
cryptocurrency speculation, the authorities are working on increased oversight of exchanges (which could include a
licensing scheme), although the governor of the Financial Supervisory Service has said the government will support «normal»
cryptocurrency trading.
Also in September, China's
cryptocurrency exchanges received instructions from the country's regulators, asking them to stop
trading due to the fact that they are operating domestically without a formal
license.
According to Dash, QUOINEX is described as one of the first Financial Services Authority
licensed cryptocurrency exchanges in Japan and is one of the most liquid Japanese digital asset exchanges ranked by daily
trading volume.
Thomson Reuters Zawya reported on Monday that,
licenses are already being issued by the centre for allowing
cryptocurrency firms to operate from its free zone and
trade in
cryptocurrencies.
The fastest evolving free economic zone in UAE levying zero percent corporate and personal income tax has recently started issuing
licenses to
cryptocurrency firms for facilitating their
trading functionalities.
Most of the world's
cryptocurrency trading takes place in this tech - savvy region, with Japan playing a dominant role after it introduced a
licensing system for digital - asset exchanges last year.
«Parties engaging in the secondary
trading of such tokens (e.g. on
cryptocurrency exchanges) may also be subject to the SFC's
licensing and conduct requirements.»
16
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Trading Platforms
Japan's
licensing structure has seen dozens of applicants come forward, with consumers now able to choose from countless options for
trading cryptocurrencies, specifically Bitcoin and Ether.
Issuers or financial intermediaries of the ICO would also be subject to
licensing requirements of the Singaporean legislation, and will also have to comply with the requirements for countering money laundering and financing of terrorism.It is worth mentioning also that the Singapore regulator also speaks about
licensing of
cryptocurrency exchanges, where tokens of projects will be
traded after ICO: «In addition, platforms facilitating secondary
trading of such tokens would also have to be approved or recognised by MAS as an approved exchange or recognised market operator respectively under the Securities and Futures Act.»
The Chinese government is reportedly preparing to allow the resumption of
cryptocurrency trading in the country in the coming months, with the required anti-money laundering (AML) systems and
licensing programs in place.
Pepecash received the same categorization as Bitcoin as a «first class»
cryptocurrency, one that can be legally
traded and sold on
licensed exchanges,» Higashi added.
On the bitFlyer platform itself,
cryptocurrencies worth $ 250 billion have been
traded in 2017, and with its recent presence in Europe, it will be the only
licensed exchange in the continent that will allow users to
trade with Japan.
The Chinese government appears to be preparing for resumed
cryptocurrency trading in the near future through the implementation of
licensing programs and anti-money laundering (AML) systems.
The largest free economic zone in the UAE, with zero percent personal and corporate income tax, has started issuing
licenses to firms
trading cryptocurrencies.
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trading
According to Bloomberg, «Dubai gold trader Regal RA DMCC is the first company in the Middle East to get a
license to
trade cryptocurrencies.»
The Centre has started issuing
licenses to allow firms
trading in
cryptocurrencies to operate from its free zone, Thomson Reuters Zawya reported on Monday.
The State of New York allows exchanges to
trade cryptocurrencies only when they have obtained a charter or a
license, known as Bitlicense, from the New York State Department of Financial Services (NYSDFS).
While Chinese exchanges are stopping
trading from this month's end, Japan has granted 11
cryptocurrency exchange
licenses.
By obtaining a DCO
license, LedgerX will be able to provide specific services on the company's platform to participants, including obtaining and hedging bitcoin and other
cryptocurrencies by using exchange -
traded and centrally cleared option contracts.
According to a report from Nikkei, the new initiative will see the group of
licensed cryptocurrency exchanges, represented by two
trade organizations in Japan, working towards rolling out standards in April for the country's Financial Services Agency (FSA) in an effort to improve security measures among them.
Cryptocurrency trading firm Coinbase has entered into talks with the U.S. Securities and Exchange Commission about registering as a
licensed broker - dealer firm and...
Various scenarios such as the imposition of value - added tax, a capital gains tax, or both on
trade; and the collection of corporate tax from local
cryptocurrency exchanges, as well as the initiation of authorized exchanges with
licenses are being discussed.
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A
trading company in Dubai, Regal RA DMCC, has become the first in the Middle East to earn a
trading license from the authorities to
trade in Bitcoin and some other
cryptocurrencies.
Finance The largest free economic zone in the UAE, with zero percent personal and corporate income tax, has started issuing
licenses to firms
trading cryptocurrencies.
While the firm's website is currently not accessible, information from Scambroker, a website that scrutinizes securities brokers and dealers, shows that the firm has been handling
cryptocurrency trading services and is not registered with the FCA as a
licensed broker.
On the other hand, the Japanese government recently penalized four
cryptocurrency exchanges and revoked the
licenses of two
trading platforms for poor security and failing to meet Anti-Money Laundering (AML) and Know Your Customer (KYC) policies.
, the Japanese government recently penalized four
cryptocurrency exchanges and revoked the
licenses of two
trading platforms for poor security and failing to meet Anti-Money Laundering (AML) and Know Your Customer (KYC) policies.