#crypto license singapore mas

[consulting24m]

Navigating the Path to an Estonia Crypto Exchange License: A Gateway for Crypto Enterprises

In the swiftly evolving world of digital finance, acquiring an Estonia crypto exchange license is a pivotal step for businesses delving into cryptocurrency trading. Estonia, with its advanced approach to crypto regulation, is a leading destination for crypto enterprises. Consulting24, renowned for its proficiency in this area, has successfully assisted in over 500 crypto license acquisitions, proving their expertise in Estonia's complex regulatory environment.

The process to obtain a crypto exchange license in Estonia is methodical, with businesses required to fulfill a set of criteria. Key aspects of these requirements include:

Licensing Prerequisites: Compliance with the strict guidelines of the Estonian Financial Intelligence Unit (FIU) is essential.

AML/KYC Compliance: Implementing comprehensive anti-money laundering (AML) and know-your-customer (KYC) processes to align with regulatory norms.

Physical Office Requirement: Establishing a physical presence within Estonia, a crucial requirement for credibility.

Capital Requirements: Fulfilling the specified capital requirements, which vary based on the type of crypto exchange license applied for.

The benefits of acquiring an Estonian crypto exchange, also known as a virtual currency service provider license (VASP), are substantial. These include:

Access to the expansive European cryptocurrency market.

Authorization to offer cryptocurrency exchange services.

Capability to cater to a worldwide clientele.

Utilization of Estonia's advanced digital infrastructure.

Mardo Soo, founder of Consulting24, highlights the strategic value of the Estonia VASP license: "Obtaining an Estonia crypto exchange license opens doors to the vibrant European crypto market, leveraging Estonia's progressive regulatory framework."

Leveraging Consulting24's deep insights and vast experience in the Estonian jurisdiction, businesses can effectively maneuver through this regulatory landscape, maximizing the potential of their Estonia crypto exchange license.

In addition to these benefits, Estonia's VASP regulations are designed to foster innovation while ensuring the security and transparency of crypto transactions. This balanced approach not only protects consumers but also encourages growth and stability in the crypto market. With an Estonia crypto exchange license, companies position themselves at the forefront of the digital finance revolution, tapping into new markets and opportunities in the ever-growing world of cryptocurrency.

[dailystraitsdotcom]

OKX SG Secures MPI License

OKX Singapore obtains major payment license, appoints Gracie Lin as CEO.

Singapore, Sept 2: OKX, a prominent global crypto exchange and Web3 technology company, has announced that its Singapore entity, OKX SG Pte. Ltd., has received a Major Payment Institution (MPI) license from the Monetary Authority of Singapore (MAS). Alongside this development, Gracie Lin has been appointed as the CEO of OKX SG.The MPI license, granted under the Payment Services Act 2019, enables…

[36crypto]

OKX Singapore Obtains a Major Payment Institution Licence to Boost Its Market Presence

Singapore-based cryptocurrency exchange OKX has achieved another major accomplishment by receiving a Major Payment Institution (MPI) license from the Monetary Authority of Singapore (MAS). This comes after being awarded the approval in principle in February, a milestone in expanding the company’s operations in Singapore’s turbo-charged crypto exchange market. With this new license, OKX Singapore…

[scarletnews]

OKX SG Receives MPI License from Monetary Authority of Singapore

OKX, a leading global crypto exchange and Web3 technology company, today announced that its local entity, OKX SG Pte. Ltd. (OKX SG), received a Major Payment Institution (MPI) license from the Monetary Authority of Singapore (MAS), and appointed Gracie Lin as CEO of OKX SG. The license granted under the Payment Services Act 2019 (PS Act) allows OKX SG to offer digital payment token and…

[bitcofunblog]

Table of ContentsIntroductionComparative Analysis of NFT Regulatory Frameworks in Major JurisdictionsEmerging Trends in NFT Regulation: A Global PerspectiveThe Impact of Regulatory Uncertainty on the NFT MarketQ&AConclusionNavigating the Regulatory Landscape of NFTs: A Comparative AnalysisIntroduction**Introduction to Analyzing Regulatory Approaches to NFTs Across Different Jurisdictions** Non-fungible tokens (NFTs) have emerged as a novel asset class, presenting unique challenges for regulatory frameworks worldwide. As NFTs gain traction, governments and regulatory bodies are grappling with the task of developing appropriate regulatory approaches to address the risks and opportunities associated with this transformative technology. This analysis examines the regulatory landscape for NFTs across various jurisdictions, highlighting the diverse approaches adopted by different countries. It explores the legal frameworks, regulatory bodies, and enforcement mechanisms in place to govern the issuance, trading, and use of NFTs. By comparing and contrasting these approaches, the analysis aims to identify best practices, gaps, and areas for further harmonization in the regulation of NFTs.Comparative Analysis of NFT Regulatory Frameworks in Major Jurisdictions**Analyzing Regulatory Approaches to NFTs Across Different Jurisdictions** The emergence of non-fungible tokens (NFTs) has sparked a global debate on how to regulate these novel digital assets. As NFTs gain traction, governments worldwide are grappling with the challenge of balancing innovation with investor protection. This article analyzes the regulatory approaches to NFTs in major jurisdictions, highlighting similarities and differences. In the United States, the Securities and Exchange Commission (SEC) has taken a cautious approach, classifying NFTs as securities if they represent an investment contract. This approach provides clarity for issuers and investors but may stifle innovation by imposing burdensome compliance requirements. In contrast, the United Kingdom's Financial Conduct Authority (FCA) has adopted a more flexible stance, recognizing NFTs as a new asset class. The FCA's approach focuses on protecting consumers from fraud and market manipulation, while allowing for the development of the NFT market. The European Union has taken a comprehensive approach to NFT regulation through the Markets in Crypto Assets (MiCA) Regulation. MiCA classifies NFTs as crypto assets and imposes strict requirements on issuers, including transparency and disclosure obligations. This approach aims to create a harmonized regulatory framework across the EU. In Asia, Japan has emerged as a leader in NFT regulation. The Japanese Financial Services Agency (FSA) has classified NFTs as digital assets and has established a licensing system for NFT exchanges. This approach provides a clear regulatory framework for the NFT industry while fostering innovation. Singapore has also taken a proactive approach to NFT regulation. The Monetary Authority of Singapore (MAS) has issued guidelines for NFT issuers and exchanges, focusing on investor protection and market integrity. MAS's approach balances the need for regulation with the desire to support the growth of the NFT ecosystem. Despite these efforts, there is still a lack of global consensus on how to regulate NFTs. The different approaches adopted by various jurisdictions reflect the unique legal and economic contexts of each country. However, as the NFT market continues to evolve, it is likely that regulators will converge towards a more harmonized approach. In conclusion, the regulatory landscape for NFTs is still in its early stages. Different jurisdictions have adopted varying approaches, ranging from cautious to flexible. As the NFT market matures, it is essential for regulators to strike a balance between protecting investors and fostering innovation. By sharing best practices and collaborating on a global scale, regulators can create a

regulatory framework that supports the growth of the NFT industry while safeguarding the interests of consumers.Emerging Trends in NFT Regulation: A Global Perspective**Analyzing Regulatory Approaches to NFTs Across Different Jurisdictions** The emergence of non-fungible tokens (NFTs) has sparked a global debate on how to regulate these novel digital assets. Different jurisdictions have adopted varying approaches, reflecting their unique legal frameworks and regulatory philosophies. In the United States, the Securities and Exchange Commission (SEC) has taken a cautious stance, classifying certain NFTs as securities if they represent an investment contract. This approach aims to protect investors from potential fraud and market manipulation. However, it also creates uncertainty for NFT creators and marketplaces. In contrast, the United Kingdom's Financial Conduct Authority (FCA) has adopted a more flexible approach. It recognizes NFTs as a new asset class and has issued guidance on how they should be treated under existing regulations. This approach provides greater clarity for businesses operating in the UK. The European Union has taken a comprehensive approach to NFT regulation. The Markets in Crypto Assets (MiCA) Regulation, which is expected to come into effect in 2024, will establish a harmonized framework for regulating crypto assets, including NFTs. MiCA aims to balance innovation with investor protection and market stability. In Asia, Japan has been a pioneer in NFT regulation. The Financial Services Agency (FSA) has classified NFTs as "digital goods" and has issued guidelines for their issuance and trading. This approach provides a clear legal framework for NFT businesses in Japan. Other jurisdictions, such as Singapore and Australia, are still developing their regulatory frameworks for NFTs. Singapore's Monetary Authority of Singapore (MAS) has taken a risk-based approach, focusing on regulating NFT platforms and exchanges. Australia's Securities and Investments Commission (ASIC) has issued guidance on how NFTs may be classified under existing securities laws. The varying regulatory approaches to NFTs across different jurisdictions highlight the challenges of regulating a global phenomenon. While some jurisdictions prioritize investor protection, others emphasize innovation and market development. As the NFT market continues to evolve, it is likely that regulatory frameworks will adapt to address the unique characteristics of these digital assets. In conclusion, the analysis of regulatory approaches to NFTs across different jurisdictions reveals a diverse landscape of legal frameworks and regulatory philosophies. As the NFT market matures, it is essential for regulators to collaborate and develop harmonized approaches that foster innovation while protecting investors and ensuring market stability.The Impact of Regulatory Uncertainty on the NFT Market**Analyzing Regulatory Approaches to NFTs Across Different Jurisdictions** The emergence of non-fungible tokens (NFTs) has sparked a global debate over their regulatory status. As NFTs gain traction, governments worldwide are grappling with the challenge of developing appropriate frameworks to govern this novel asset class. In the United States, the Securities and Exchange Commission (SEC) has taken a cautious approach, classifying certain NFTs as securities if they meet the Howey Test. This test examines whether an investment involves an expectation of profit from the efforts of others. However, the SEC has yet to provide clear guidance on which NFTs fall under this category. In contrast, the United Kingdom's Financial Conduct Authority (FCA) has adopted a more nuanced approach. The FCA has stated that NFTs may be considered "cryptoassets" and subject to regulation under the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017. However, the FCA has also recognized that not all NFTs are created equal and that some may not meet the definition of a cryptoasset.

The European Union has taken a more comprehensive approach to NFT regulation. The Markets in Crypto-Assets (MiCA) Regulation, which is expected to come into effect in 2024, will establish a harmonized framework for regulating cryptoassets, including NFTs. MiCA will classify NFTs as either "utility tokens" or "asset-backed tokens," depending on their underlying purpose. In Asia, Japan has emerged as a leader in NFT regulation. The Japanese Financial Services Agency (FSA) has classified NFTs as "digital assets" and has established a licensing system for NFT exchanges. This approach provides clarity for businesses operating in the NFT market and helps to protect investors. The regulatory landscape for NFTs is still evolving, and it is likely that different jurisdictions will continue to adopt varying approaches. However, the growing recognition of NFTs as a legitimate asset class is a positive sign for the future of this market. As governments continue to develop their regulatory frameworks, it is important for businesses and investors to stay informed about the latest developments. By understanding the regulatory landscape in different jurisdictions, businesses can mitigate risks and investors can make informed decisions about their NFT investments. The regulatory uncertainty surrounding NFTs has undoubtedly had an impact on the market. Some businesses have been hesitant to enter the NFT space due to concerns about compliance. However, the increasing clarity provided by governments is expected to boost confidence in the NFT market and lead to increased adoption. As the NFT market matures, it is likely that we will see further convergence in regulatory approaches across different jurisdictions. This will create a more stable and predictable environment for businesses and investors, ultimately benefiting the growth and development of the NFT ecosystem.Q&A**Question 1:** What are the key regulatory approaches to NFTs in the United States? **Answer:** The U.S. Securities and Exchange Commission (SEC) has taken a cautious approach to regulating NFTs, considering them as potential securities if they meet certain criteria. **Question 2:** How does the European Union regulate NFTs? **Answer:** The EU has adopted a more comprehensive approach, classifying NFTs as either financial instruments or non-financial assets, depending on their specific characteristics. **Question 3:** What are the regulatory challenges posed by NFTs in cross-border transactions? **Answer:** NFTs can present challenges for cross-border transactions due to varying regulatory frameworks and the need for harmonization of rules to ensure legal certainty and consumer protection.Conclusion**Conclusion** The regulatory landscape for NFTs is still evolving, with different jurisdictions taking varying approaches. Some jurisdictions have adopted a wait-and-see approach, while others have implemented specific regulations for NFTs. The regulatory uncertainty surrounding NFTs creates challenges for businesses and investors, but it also provides an opportunity for innovation and growth. As the NFT market matures, it is likely that regulators will develop more comprehensive and consistent regulations for NFTs. This will provide greater clarity and certainty for businesses and investors, and it will help to foster the growth of the NFT market.

[drewssam]

Stablecoin Issuer Circle Gains Regulatory Approval in Singapore

Circle Internet Financial, the issuer of USD Coin (USDC), has secured in-principle approval from the Monetary Authority of Singapore (MAS) for a major payments institution license. This approval enables Circle to offer digital payment token products and cross-border/domestic transfer services in Singapore, aligning with the city-state's Payment Services Act (PSA) regulations.

The MAS issued consultation papers outlining proposals to regulate digital payment token service providers and stablecoin issuers, prompting Circle's announcement of approval on November 2. With this milestone, Circle can now sell USDC and other digital payment tokens in Singapore, contributing to the growth of digital assets and fintech innovation.

Dante Disparte, Circle's Chief Strategy Officer, highlighted the potential of digital currencies and open payment systems to drive economic growth and position Singapore as a global hub for digital assets. CEO Jeremy Allaire emphasized the significance of the license in expanding Circle's regional and global presence, with Singapore serving as its primary Asian hub.

However, Singapore remains cautious about crypto, with the MAS warning against "bad behavior" in the industry. Concerns about retail investors' lack of awareness of trading risks persist, reflected in DBS's decision to limit crypto trading services to accredited investors. Despite challenges, Circle's approval marks a step towards advancing digital financial services in Singapore.

[cryptosnewss]

South Africa Leading Crypto Regulation: 59 Platforms Authorized

Key Points: South Africa’s FSCA approves 59 licenses for crypto businesses, signaling progressive regulation. OKX’s Singapore subsidiary receives preliminary approval for a payments license from MAS. Growing interest in digital assets seen in South Africa with 355 license applications received. South Africa’s Financial Sector Conduct Authority (FSCA) has greenlit 59 licenses for crypto…

[metamoonshots]

Coinbase has revealed that prospects residing in eligible non-US areas now have the chance to have interaction in perpetual futures buying and selling on Coinbase Superior, the agency’s specialised platform designed for discerning retail merchants. Beginning on October 18, merchants will be capable of make use of USDC as their forex of selection to put bids on 4 distinct contracts encompassing Bitcoin, Ether, Litecoin, and XRP. These contracts present leverage of as much as 5X, besides XRP, which presents most leverage of 3X, based on the official weblog put up. Initially, perpetual futures buying and selling will solely be accessible by means of the Coinbase Superior webpage. Nonetheless, the corporate has acknowledged its intention to introduce cell buying and selling choices within the close to future. Coinbase stated that its perpetual futures alternate is satisfactorily funded by means of its Insurance coverage Fund and Liquidity Help Program, each of that are funded in USDC. The alternate assured its buyers that it doesn't have interaction in market making whereas the liquidity on its platforms is offered by “established and unbiased” liquidity suppliers who've undergone thorough compliance evaluations. “In the present day, just a few trusted gamers exist within the international crypto derivatives market that present the safety and transparency that crypto merchants have to commerce with confidence. Along with our institutional prospects, Coinbase Superior prospects can now entry perpetual futures contracts provided by Coinbase Worldwide Alternate, which have been constructed inside rigorous compliance requirements.” Final week, Coinbase acquired a Main Fee Establishment (MPI) license issued by the Financial Authority of Singapore (MAS). This improvement builds upon the preliminary in-principle approval granted by the state regulator final October. Moreover, the lately launched Coinbase Worldwide Alternate – which occurs to be a brand new, non-US alternate – received regulatory approval from the Bermuda Financial Authority (BMA) to supply perpetual futures for patrons outdoors of the US. SPECIAL OFFER (Sponsored) Binance Free $100 (Unique): Use this link to register and obtain $100 free and 10% off charges on Binance Futures first month (terms).PrimeXBT Particular Provide: Use this link to register & enter CRYPTOPOTATO50 code to obtain as much as $7,000 in your deposits.

[ailtrahq]

Judge Analisa Torres’ ruling in favor of Ripple against the US Securities and Exchange Commission (SEC) has had several impacts on XRP by extension. Highlighting one of them, Ripple’s Chief Legal Officer (CLO) Stuart Alderoty mentioned how the token stands out in the US because of the court’s decision.  XRP’s Unique Status Following Court’s Ruling In an interview with CNBC, Alderoty noted that XRP had gained much-needed clarity in the US following the court’s decision on July 13. Also, XRP is now “uniquely classified” as a non-security in the US. On July 13, Judge Torres ruled that XRP wasn’t a security and that Ripple’s XRP programmatic sales and other distributions didn’t constitute investment contracts. Ripple’s President Monica Lang had also spoken about how the ruling provided clarity for the company and opened the door for it to expand its business in the US and globally. Despite Ripple’s victory against the SEC and XRP gaining a unique status, Alderoty doesn’t believe every crypto company and token should go through the same legal battles it did with the SEC just to gain clarity. As such, he emphasized that there is still the need for a “rational regulatory framework.”  Although he recognizes the efforts of some policymakers taking the lead with some rational regulatory framework proposals, Alderoty isn’t optimistic about anything materializing in this Congress or the next one either. XRP continues free fall for the week | Source: XRPUSD on Tradingview.com Reason For Lack Of Regulatory Clarity During the interview, Alderoty also noted that the crypto industry in the US lacked direction because “politics and power” have been elevated over sound policy. According to him, several agencies are tussling over who gets to regulate the industry rather than focusing on the right regulatory policy, which, in his opinion, should be licensing.  He alluded to other countries like Singapore, the United Kingdom, Dubai, Brazil, Australia, and Japan. He stated that regulators in these countries aren’t looking to push out the innovation but rather encourage stakeholders to abide by their “rigorous regulatory regime.” For instance, the Monetary Authority of Singapore (MAS) requires that Virtual Asset Service Providers (VASPs) acquire a license before operating in the country.  Interestingly, Ripple’s subsidiary in Singapore recently secured a Major Payments Institution (MPI) license from the Monetary Authority of Singapore (MAS). The license will allow Ripple to provide regulated digital payment token services in Singapore.  It is expected that Ripple will begin to enjoy similar success that it has enjoyed overseas in the US. In an earlier interview, Alderoty revealed to CNBC that Ripple could potentially begin talks with US financial firms about adopting Ripple’s technology for processing cross-border transactions following Judge Torres’ ruling. 

[coinatory]

Coinbase Achieves Full Regulatory Approval in Singapore

Coinbase has recently achieved regulatory approval in Singapore becoming another cryptocurrency company to reach this milestone. The Singapore branch of the exchange announced that it has obtained the Major Payment Institution (MPI) license from the Monetary Authority of Singapore (MAS) which grants them full authorization to operate in Singapore. Initially in March 2020 the platform received an exemption from licensing by Singapores central bank. Now as of October 2022 they have obtained an "In Principle" license to conduct their operations in the city state. Singapore is widely recognized as a friendly nation and embraces the idea of digital currencies. Surprisingly 25% of its residents view cryptocurrencies as the future of finance while an impressive 32% have already ventured into the world of crypto. According to

Read more on Coinbase Achieves Full Regulatory Approval in Singapore

[consulting24m]

Simplifying Singapore Payment Licensing: Consulting24’s Expert Approach

In the ever-evolving financial market of Singapore, obtaining a payment license is a crucial necessity for businesses engaged in payment services. Consulting24, with its remarkable history of securing over 500 licenses, stands as an invaluable resource in navigating Singapore's regulatory environment.

Consulting24’s Expertise in Payment Licensing

Their profound understanding of financial regulations is critical for businesses aiming to secure a payment license in Singapore, as they simplify and streamline the entire licensing process.

The Digital Banking License Application Process with Consulting24

Strategy and Preparation: Aligning business models with MAS’s requirements with the assistance of Consulting24’s insights.

Application Submission: Consulting24 optimizes the application filing process to MAS.

MAS Review and Evaluation: They assist in managing queries during MAS’s comprehensive evaluation.

License Issuance: Successful applicants receive their digital banking license, a process expedited with Consulting24’s support.

Advantages of a Digital Banking License

Access to Singapore’s Financial Market: Engaging in a burgeoning sector.

Innovation and Customer Reach: Delivering state-of-the-art services and expanding audience reach.

Regulatory Recognition: The license serves as a symbol of compliance and operational superiority.

Financial and Operational Considerations

Licensing and Operational Costs: Associated expenses for the licensing journey and technological infrastructure.

Strategic Planning: Constant innovation and adaptation to shifting customer demands and regulatory updates.

Mardo Soo, CEO of Consulting24, emphasizes the growing need for regulatory compliance in the fintech sector, especially in light of the SEC's recent enforcement actions against companies like Kraken and Binance. "Our team is adept at guiding businesses in non-U.S. markets, effectively circumventing SEC regulations," he notes.

Conclusion

Securing a digital banking license in Singapore is a substantial achievement for fintech firms and banking institutions. With the guidance of Consulting24, the complex licensing process is made more manageable, paving the way for innovative and compliant digital banking services within Singapore’s financial ecosystem.

[thesecrettimes]

Blockchain․com Obtains Payment License in Singapore

Blockchain․com Receives MPI License From Singapore’s Central Bank One of the oldest cryptocurrency platforms, Blockchain․com, has obtained a major payment institution (MPI) license from the Monetary Authority of Singapore (MAS) on Aug. 1, the company revealed in an announcement on Monday. The licensing comes after Blockchain․com received in-principle approval from the MAS in September, last year. It will allow it to offer regulated digital payment token (DPT) services to institutional clients and accredited investors globally. Blockchain․com CEO and co-Founder Peter Smith praised Singapore’s central banking institution for its “transparent regulatory process that prioritizes crypto industry oversight while allowing innovation to thrive.” He also emphasized: We are thrilled to receive this license that will allow Blockchain․com to bring our industry-leading products and services to Singapore. Blockchain.com’s registration in Singapore is part of a commitment to compliance in the jurisdictions where it operates, the crypto firm pointed out in a statement, adding that the city-state is a “large and profitable trading hub” for its business while it serves as its headquarters in Southeast Asia. The authorization comes weeks after the company launched its Blockchain․com Pay service, a white-label crypto on- and off-ramp solution enabling businesses to streamline cryptocurrency purchases and sales for their customers. As one of the earliest crypto platforms, Blockchain․com has been in the market for well over a decade. It is a provider of exchange and wallet services and maintains a blockchain explorer. The firm supports 90 million wallets, has over 40 million verified users, facilitating over $1 trillion in crypto transactions. The company is licensed and registered in a number of jurisdictions. In early July, Singapore implemented crypto regulations meant to enhance investor protection. These include new requirements for DPT service providers to keep customer assets under a statutory trust before the end of the year. The MAS also said it will restrict their crypto lending and staking activities for retail customers. Earlier this year, the custody unit of the world’s largest digital asset exchange, Binance, revealed its plan to apply for a permit to offer payment services in Singapore. The move came after Binance Custody was rebranded as Ceffu in November, 2022 and its target market was changed from retail to corporate clients. Do you expect other major crypto platforms to obtain Singapore’s payment license? Tell us in the comments section below. Read the full article

[truthblockchain]

Blockchain.com Receives License From Singapores Central Bank

Crypto exchange Blockchain.com has been granted a payments license from Singapore’s central bank, the Monetary Authority of Singapore (MAS).

Blockchain.com announced on Aug. 7 it received its major payment institution (MPI) license from MAS on Aug. 1, allowing the platform to provide what the regulator calls digital payment token services to institutional and accredited investors.

The exchange’s full license comes after it received in-principal approval from the bank in September last year.

https://cointelegraph.com/news/blockchain-com-payment-license-singapore-mas

[cryptogids]

Update 26 juni: Ripple vs. SEC

Terwijl de cryptocurrency gemeenschap wacht op de conclusie van de juridische impasse tussen de SEC van de Verenigde Staten en Ripple, beginnen geruchten en pessimistische verwachtingen over de uitkomst zich te verspreiden, maar ook de verwarring rond de tegenstrijdige verklaringen en acties van het leiderschap van de SEC. Daarnaast heeft de gemeenschap rond het blockchainbedrijf en de pro-XRP jurist John E. Deaton de geruchten afgewimpeld en gelooft de bekende Bitcoin (BTC) supporter Max Keiser dat het blockchainbedrijf niet zal zegevieren over de toezichthouder, evenals dat de SEC erin zou slagen om zijn "Ponzi scheme" neer te halen, zoals eerder gerapporteerd. Scheldpartij Ripple's chief legal officer Stuart Alderoty heeft ondertussen het agentschap uitgescholden voor zijn acties. Hij verwees naar een deel van de US Electronic Code of Federal Regulations (e-CFR) dat betrekking heeft op ethische normen voor administratief personeel in de uitvoerende takken van de overheid en zei dat: "De wet vereist dat SEC-medewerkers, net als alle federale medewerkers, onpartijdig handelen (en lijken te handelen). De wet vraagt: Zou een redelijk persoon, die de feiten kent, twijfelen aan de onpartijdigheid van de werknemer? Je kent nu de feiten. Het citaat lijkt zich inderdaad te richten tot voormalig SEC divisiedirecteur Bill Hinman, die de Ripple cryptogemeenschap, met advocaat Jeremy Hogan voorop, heeft beschuldigd van het profiteren van zijn controversiële toespraak in 2018 waarin hij zei dat Ethereum (ETH) geen beveiliging was, en beweerde dat iemand hem betaalde om XRP aan te vallen. Zoals Hogan verklaarde: "Mijn speculatie is dat Ripple verklaart dat Bill Hinman op de een of andere manier werd betaald door de Ethereum Foundation of iemand die gerelateerd is aan Ethereum om de toespraak te geven, Ethereum een vrijbrief te geven." Bovendien had Alderoty ook kunnen verwijzen naar de huidige SEC-chef Gary Gensler die, volgens Deatons tweet op 25 juni, "effectief heeft geweigerd om schriftelijke documenten, e-mails en correspondentie tussen SBFraud/FTX en de SEC te verstrekken", terwijl hij tegelijkertijd Ripple en XRP aanvalt en vraagt waarom het Congres geen dagvaardingen heeft uitgegeven, wat wel binnen zijn macht ligt. Ripple blijft uitbreiden Ongeacht de zaak, heeft Ripple zijn uitbreiding over de hele wereld voortgezet, met een In-Principle Approval of a Major Payments Institution License van de Monetary Authority of Singapore (MAS), de centrale bank van het land, waardoor het gereguleerde cryptocurrency producten en diensten kan aanbieden. Ondertussen wisselt de XRP-token, die centraal staat in de rechtszaak die op grote schaal is gepubliceerd, momenteel van eigenaar tegen een prijs van $ 0,48, met een daling van 1,97% op de dag en 1,95% over de hele week maar nog steeds vasthoudend aan de bescheiden winst van 1,66% op de maandelijkse grafiek, volgens de laatste gegevens op 26 juni. Word lid van de Bitcoin/Cryptocurrency Facebook groep en join de Discord/Telegram om onderdeel te worden van de community. Klik hier voor een gratis crypto starters gids. Read the full article

[all-about-news24x7]

Ripple Obtains In-Principle Regulatory Approval in Singapore

SINGAPORE & SAN FRANCISCO–(BUSINESS WIRE)–Ripple, the leader in enterprise blockchain and crypto solutions, today announced that its Singapore subsidiary Ripple Markets APAC Pte Ltd, has obtained In-Principle Approval of the Major Payments Institution License application from the Monetary Authority of Singapore (MAS). This license will allow Ripple to offer regulated digital payment token…

[propineechnologies]

Established in 2018, Propine is the first independent digital asset custodian licensed by the Monetary Authority of Singapore (MAS). Propine’s bespoke institutional solutions are at the forefront of innovation, well-paced in the paradigm shift that is surging through global financial systems architectures.