South Africa's FSCA approves 59 crypto facilities out of 493 applications, mandating permit submissions by November 30th. Regulations aim to protect consumers amid growing crypto adoption, signaling the country's commitment to integrating cryptocurrencies into the mainstream economy.
Xu LinCoinbase has expanded its presence in Canada, establishing two entities: Coinbase Canada, operating under an international dealer license, and Coinbase, registered as a restricted dealer.
KikyoHong Kong-based digital asset group HashKey's Singapore subsidiary, HashKey Capital Singapore, has secured a significant regulatory milestone, obtaining a full Capital Markets Services (CMS) licence from the Monetary Authority of Singapore (MAS). This licence empowers the firm to deliver regulated fund management services primarily concerning capital markets products within Singapore.
JoyThis makes Commerzbank the first full-service German bank to receive such a license. With the license, it enables Commerzbank to provide custody services for crypto assets and expand its offerings to include "further digital asset services."
AaronOKX's temporary absence of an SFC licence in Hong Kong may affect Stephen Chow's progress in entering Web3.
OliveAn MPI license grants institutions the authority to offer cryptocurrency and fiat-related services to Singaporean residents.
OliveThis licence permits Coinbase to offer regulated digital payment token (DPT) products and services, expanding its offerings to both individuals and institutions.
DavinThe exchange has been active in Singapore, allowing Singaporeans to transfer funds via localised payment options and to verify their identity through SingPass
ClementThis shift has garnered considerable interest, especially when compared to the digital-asset crackdown in the United States. However, despite the enthusiasm, the city has yet to attract major investments from an industry still recovering from the market downturn last year.
CaptainXA spokesman for Commerzbank confirmed to local media that it applied for a license with BaFin earlier this year, the first time a major German bank has applied for a license.
Cointelegraph