Singapore’s SDAX Gets In-Principle Approval to Launch Digital Asset Exchange

Binance has received in-principle approval from the Central Bank of Bahrain to operate a cryptocurrency service provider in the country. The license is part of Binance’s “plans to become a fully-regulated centralized cryptocurrency exchange,” the crypto exchange detailed. Binance Receives In-Principle Approval in Bahrain Crypto exchange Binance announced Monday that it has “received in-principle approval from the Central Bank of Bahrain (CBB) to establish itself as a crypto-asset service provider in the Kingdom of Bahrain.” The company....

Starting next Monday, DBS Bank’s crypto exchange will start operating, allowing institutional investors to trade Bitcoin. Singapore’s largest bank, DBS Bank, has expanded its scope of supported cryptocurrency services by scoring another regulatory approval.DBS Bank’s brokerage arm, DBS Vickers (DBSV), has received in-principle approval from the Monetary Authority of Singapore (MAS) to provide digital payment token services as a payment institution, the company officially announced Thursday.The approval is granted under Singapore’s Payment Services Act, paving the way for DBSV’s payment....

Independent Reserve gets the first in-principle approval that gives hope to around 170 crypto exchange applicants waiting to receive an official operating license in Singapore. Independent Reserve, an Australian crypto exchange founded in 2013, has become the first cryptocurrency exchange in Singapore to receive an “in-principle approval” to operate as a fully regulated virtual asset service provider (VASP).In a letter from the city-state’s de facto central bank, the Monetary Authority of Singapore (MAS), the exchange was approved under the terms of the Payments Services Act, which came....

PRESS RELEASE. CoinDeal is pleased to announce that it is now the first publicly known company to have obtained a Class 4 Virtual Financial Assets License in Principle Approval from the Malta Financial Services Authority (MFSA). The exchange received the letter on 16 December, 2020. This allows CoinDeal to provide the following VFA services to both Experienced and Non-Experienced investors: Operation of a VFA Exchange, Dealing on own account and Holding and controlling of clients’ assets and money. In-principle approval means that the exchange received ‘in-principle....

Switzerland’s stock exchange SIX has won regulatory approval to launch its long-awaited bourse for digital assets. This authorization enables the exchange “to go live with a fully regulated, integrated trading, settlement, and custody infrastructure based on distributed ledger technology for digital securities.” SIX Digital Exchange Greenlighted to Launch SIX Digital Exchange (SDX) announced Friday that it has formally obtained two licenses from the Swiss Financial Market Supervisory Authority (FINMA) “to operate a stock exchange and a central securities....