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Facebook-Backed Crypto Project Diem Moves to US, Unveils New Launch Plan

Facebook-backed cryptocurrency project Diem, formerly Libra, is moving from Switzerland to the U.S. In collaboration with Silvergate Bank, the association, which oversees the development of the diem cryptocurrency, has unveiled a new launch plan. Facebook-Backed Stablecoin Has New Launch Plan The Diem Association announced Wednesday a partnership between Diem Networks U.S. and Silvergate Capital Corporation (NYSE: SI). Silvergate is a California state-chartered bank and a member of the Federal Reserve. Diem Networks U.S. is a wholly-owned subsidiary of the association. It plans to register as a money services business with the U.S. Department of the Treasury’s Financial Crimes Enforcement Network…

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Paxos Earns Provisional Trust Charter, Becomes 3rd Regulated Crypto Bank

Paxos earns provisional trust charter via the US Office of the Comptroller of the Currency and now became the third regulated crypto bank as we can see more in our latest crypto news today. Stablecoin issuer and blockchain startup Paxos became the third biggest crypto company to score the federal trust charter through the US Office of the Comptroller of the currency and the national bank regulator even announced that it granted Paxos a preliminary charter that allows the company to bring its Paxos National Trust entity online as a federally regulated Entity offering custody services, payment, exchange, and other…

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DeFi Project Aave (LEND) Locks in $1.4 Billion in Crypto, U.K. Money License Granted

The rise of decentralized finance (DeFi) applications received a boost yesterday after an influential project, Aave, gained a license to operate in the UK. The move came as Aave locked over $1.4 billion in cryptocurrencies staked on its platform. Aave Makes the History Books DeFi credit market project Aave now holds the record for theRead MoreRead More. The post by Shaurya Malwa appeared first on BTCManager, Bitcoin, Blockchain & Cryptocurrency News

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Hong Kong Regulator Gives OSL Crypto Exchange License Approval

The Hong Kong regulator has given a license to the OSL Digital Securities Exchange on Friday making it a fully regulated exchange in the country as we are reading more about it in the latest crypto news. The preliminary approval will push OSL, the subsidiary of Fidelity-backed BC Group much closer to becoming one of the main exchanges that are licensed to offer automated digital asset trading services under the current asset regime as the Securities Futures Commission revealed last November. As the Hong Kong regulator gives the exchange a license, it said that the full licensure is contingent on…

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Liquid Crypto Exchange Delists Zcash To Obtain License In Singapore

The Japanese Liquid crypto exchange will delist the popular privacy-oriented coin Zcash in order for the Singaporean regulators to like it and to give it a new license, as we are reading in the Zcash latest news. The Japanese Liquid crypto exchange is reportedly delisting Zcash (ZEC) in order to apply to a new license and to operate in Singapore. The Electric Coin Company which stands behind the Zcash cryptocurrency announced the news a while ago and elaborated that Zcash will be delisted with the other 28 tokens as well. Liquid is ranked at the sixth position among top-level exchanges…

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Gibraltar Financial Services Commission Grants DLT Licence to Currency.com 

by Richard Kastelein Regulated crypto assets platform Currency.com has been awarded a full Distributed Ledger Technology (DLT) licence that will allow Currency.com to utilise DLT to store and transfer crypto assets by the Gibraltar Financial Services Commission (GFSC). “Gibraltar has been working on financial regulation in this area for many years and has a strict application process for crypto companies. Our Gibraltar licence is an important endorsement for the platform and further confirms our adherence to the most stringent standards, providing the highest level of safety and security for our traders,” said Jonathan Squires, Currency.com’s CEO. “Not only has Gibraltar’s…

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