Web3 wallet Backpack to launch VASP-licensed crypto exchange in Dubai
The Dubai Virtual Assets Regulatory Authority (VARA) has issued a Virtual Asset Service Provider (VASP) license to the crypto wallet Backpack, resulting in the launch of Backpack Exchange. Backpack’s VARA license is limited to crypto exchange services in Dubai and does not allow ...
Nifty News: Queen, HSBC filings hint at NFTs, Yuga teases robot game and more
HSBC files metaverse and NFT patentsBritish banking institution HSBC filed a series of metaverse and nonfungible token (NFT)-related trademark applications. A June 12 filing to the United States Patent and Trademark Office (USPTO) show the bank’s trademarks including meta ...
Bitcoin of America Suspends Operations in Connecticut and Compensates Victims for Cryptocurrency Fraud
Company Bitcoin of America, operator of the BTM crypto network, will suspend its operations in the U.S. state of Connecticut for lack of a license and pay compensation of $86,000. The local Department of Banking said Bitcoin of America illegally installed crypto machines ...
WazirX Partners with TaxNodes to Simplify Reporting for Indian Cryptocurrency Traders
Indian cryptocurrency exchange WazirX announced a partnership with tax platform TaxNodes, promising traders to simplify the reporting process. Rajagopal Menon, vice president of WazirX, said that through a partnership with TaxNodes traders will be able to quickly get info ...
Belgian Financial Regulator to Regulate Cryptocurrency Advertising from May 17
Starting from May 17th, the Financial Services and Markets Authority (FSMA) of Belgium will oversee the advertisement of cryptocurrencies. In line with this development, the FSMA has also conducted a comprehensive survey amongst investors on their involvement with crypto assets. This digital c ...