This week, Binance, the world's largest crypto asset trading exchange, withdrew its license application to the FMA. Moreover, the German BaFin is allegedly reluctant to authorize Binance as a crypto custodian. Recently, the company withdrew from the Netherlands and Cyprus due do regulatory issues. In the U.S. Binance is faced with lawsuits from SEC and the CFTC.
The option of leverage trading with cryptocurrencies is intended to enable platform users to react to short-term developments in the market. Austrian crypto platform Bitpanda is launching CFDs (Contract for Difference) for cryptocurrencies such as Bitcoin, Ethereum, or Solana.
Until now, anyone who wants to offer crypto-finance products to their customers has had to gather many partly unregulated components on the market. The Swiss fintech Crypto Finance now wants to solve this problem.
Zurich-based payment startup Centi has launched a stablecoin tied to the Swiss franc. Several merchant acceptance systems have been developed around the Centi Franc.
The UK entity of crypto payment processor MoonPay has received the UK's Financial Conduct Authority (FCA) license. Moonpay (UK) Limited appeared on the Registered Cryptoasset Firms list on 9 December 2022 and is the 40th cryptocurrency service provider authorized by the UK watchdog. It joins the likes of crypto ventures Bitpanda, Revolut, and Skrill.
Following the collapse of the cryptocurrency exchange FTX, the U.S. bank BlockFi, which specializes in virtual currency, has now also filed for bankruptcy.
More broadly,...
Ripple CEO Brad Garlinghouse told CNBC that the U.S.-based company has applied to the Irish Central Bank, the financial services regulator, for a virtual asset services provider license. The Ireland office will also give Ripple access to the country's financial and technology talent pools. From Dublin, Ripple can develop and launch products and services for its European customer base.
An 8-part series about the crashed crypto exchange FTX is being planned by Amazon.Avengers creators Anthony and Joseph Russo are to direct the series.
Amazon...
The German Federal Financial Supervisory Authority BaFin grants Bitpanda the "license for custody and proprietary trading of crypto assets".
The company, which is registered as...
