Cryptocurrency Service Providers
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Bharat Web3 Association Asks Firms to Set Up Complaint Management Systems to Protect Consumers
The BWA has instructed crypto firms to prioritise the resolution of consumer complaints through features like unique complaint IDs. The consumer protection guidelines further said crypto firms are responsible for providing easily understandable information on their service offerings to the users.
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EU’s ESMA Sets Deadline for Crypto Service Providers to Restrict Non MiCA-Compliant Stablecoins
The European Securities and Markets Authority (ESMA) of the EU has asked crypto-asset service providers (CASPs) to put such procedures in place that can assess the compliance of ARTs and electronic money tokens (EMTs) with MiCA. Those found to be non-compliant must be restricted from being circulated, the ESMA has said.
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Tether Set to Relocate Head Office to Crypto-Friendly El Salvador
Tether has decided to move its headquarters from the British Virgin Islands to El Salvador, The development comes after Tether recently acquired the licence of a virtual asset service provider (VASP) there.
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Explained: BWA’s ‘Cybersecurity and Fair-Trading Guidelines’ for VASPs in India
This week, the Bharat Web3 Association (BWA)Â introduced two comprehensive guidelines aimed at providing clear direction to industry participants on ensuring secure and equitable service delivery for customers. These guidelines primarily target Virtual Asset Service Providers (VASPs).
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Hong Kong-Based HashKey Obtains VASP Licence in Ireland to Comply With EU's AMLD5
The Central Bank of Ireland has granted the licence of a Virtual Asset Service Provider (VASP) to the HashKey exchange, giving it legal permissions to offer a variety of crypto-related services in the country.
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Chainalysis Acquires Web3 Security Firm Hexagate to Advance Strategic Growth Objectives
Blockchain data firm Chainalysis announced its acquisition of Hexagate this week. Hexagate specialises in providing comprehensive tools for Web3 security, including risk mitigation, forensic analysis, and compliance solutions. Its services support a range of prominent crypto firms, including Coinbase, Polygon, Uniswap, and Consensys, among others.
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Ernst & Young Introduces Metaverse, AI to Its Hiring Process With New eVe PlatformÂ
EY has launched a service called eVe that essentially offers a warm-up pre-interview preparation for candidates applying for a job at the company. People can ask eVe about EY’s compensation benefits, pension plans, and other related follow-up questions.Â
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EBA Establishes Stricter Oversight for Firms Handling Crypto-Assets and Payments: Details
The European Banking Authority (EBA) has directed payment service providers to screen all firms seeking to register their businesses in EU member states. Additionally, EU lawmakers have mandated that virtual digital asset service providers (VASPs) conduct comprehensive due diligence, including detailed risk assessments.
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UNODC Proposes Penalties for Unlicensed Crypto Firms in Southeast Asia to Combat Growing Cyber Fraud
In response to the surge in cyber fraud across Southeast Asia, the UNODC has recommended penalizing unlicensed crypto firms, which are being exploited by money launderers to enable illegal transactions. The report emphasizes the need for authorities to "identify and prevent" unregulated and unlicensed Virtual Asset Service Providers (VASPs), partic...
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PayPal Launches Crypto Buying, Selling, and Holding for US Business Accounts Owing to User Demand
US-based merchants with PayPal business accounts can now buy, sell, and hold cryptocurrency directly through PayPal. This new service allows merchants to facilitate cross-chain crypto transfers and provides the option to withdraw their crypto assets.
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Sweden Classifies Some Crypto Exchanges as ‘Professional Money Launderers’
Sweden has classified some crypto exchange service providers as professional money launderers claiming that crypto exchanges are often used by criminals to launder proceedings from all types of crimes via cryptocurrency. Sweden blames crypto exchanges for playing a crucial role in maintaining the criminal economy while also harbouring underground b...
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Mudrex Announces Rewards for Crypto Holders via New ‘Earn’ Initiative: Details
Mudrex crypto investment firm has launched a new initiative to let users monetise their crypto holdings without having to sell their assets. Mudrex’s fresh initiative seems to be a move aimed at retaining Indian users on its platform.
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Inclusion Into Startup Initiatives, Risk Mitigating Policies: BWA Lists Web3 Needs for Upcoming Government
The BWA, in a recent announcement, listed some immediate steps that the upcoming government could consider aiming to grow the blockchain-based sector. Providing escrow accounts and banking services for owners of Web3 businesses, allowing offsetting of losses, and reducing the one percent TDS tax law to 0.01 percent are among suggestions given by th...
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BWA Lays Down Self-Regulatory Guidelines on Token Listings for Indian Crypto Exchanges
The Bharat Web3 Association (BWA) has laid down some rules for service providers in the crypto sector to adhere to. The self-regulatory guidelines are based on the PEC framework, that focusses on investor protection, market efficiency as well as credibility and safeguards.
-
Koinex Collaborates with CoinDCX to Help Users Recover Locked Assets From Defunct Exchange
CoinDCX has announced it has put in place an established desk to assist former Koinex members access their funds and transition onto its platform. The now-defunct crypto exchange has signed a Memorandum of Understanding (MoU) with CoinDCX to provide access to customers' assets.
-
Bharat Web3 Association Asks Firms to Set Up Complaint Management Systems to Protect Consumers
The BWA has instructed crypto firms to prioritise the resolution of consumer complaints through features like unique complaint IDs. The consumer protection guidelines further said crypto firms are responsible for providing easily understandable information on their service offerings to the users.
-
EU’s ESMA Sets Deadline for Crypto Service Providers to Restrict Non MiCA-Compliant Stablecoins
The European Securities and Markets Authority (ESMA) of the EU has asked crypto-asset service providers (CASPs) to put such procedures in place that can assess the compliance of ARTs and electronic money tokens (EMTs) with MiCA. Those found to be non-compliant must be restricted from being circulated, the ESMA has said.
-
Tether Set to Relocate Head Office to Crypto-Friendly El Salvador
Tether has decided to move its headquarters from the British Virgin Islands to El Salvador, The development comes after Tether recently acquired the licence of a virtual asset service provider (VASP) there.
-
Explained: BWA’s ‘Cybersecurity and Fair-Trading Guidelines’ for VASPs in India
This week, the Bharat Web3 Association (BWA)Â introduced two comprehensive guidelines aimed at providing clear direction to industry participants on ensuring secure and equitable service delivery for customers. These guidelines primarily target Virtual Asset Service Providers (VASPs).
-
Hong Kong-Based HashKey Obtains VASP Licence in Ireland to Comply With EU's AMLD5
The Central Bank of Ireland has granted the licence of a Virtual Asset Service Provider (VASP) to the HashKey exchange, giving it legal permissions to offer a variety of crypto-related services in the country.
-
Chainalysis Acquires Web3 Security Firm Hexagate to Advance Strategic Growth Objectives
Blockchain data firm Chainalysis announced its acquisition of Hexagate this week. Hexagate specialises in providing comprehensive tools for Web3 security, including risk mitigation, forensic analysis, and compliance solutions. Its services support a range of prominent crypto firms, including Coinbase, Polygon, Uniswap, and Consensys, among others.
-
Ernst & Young Introduces Metaverse, AI to Its Hiring Process With New eVe PlatformÂ
EY has launched a service called eVe that essentially offers a warm-up pre-interview preparation for candidates applying for a job at the company. People can ask eVe about EY’s compensation benefits, pension plans, and other related follow-up questions.Â
-
EBA Establishes Stricter Oversight for Firms Handling Crypto-Assets and Payments: Details
The European Banking Authority (EBA) has directed payment service providers to screen all firms seeking to register their businesses in EU member states. Additionally, EU lawmakers have mandated that virtual digital asset service providers (VASPs) conduct comprehensive due diligence, including detailed risk assessments.
-
UNODC Proposes Penalties for Unlicensed Crypto Firms in Southeast Asia to Combat Growing Cyber Fraud
In response to the surge in cyber fraud across Southeast Asia, the UNODC has recommended penalizing unlicensed crypto firms, which are being exploited by money launderers to enable illegal transactions. The report emphasizes the need for authorities to "identify and prevent" unregulated and unlicensed Virtual Asset Service Providers (VASPs), partic...
-
PayPal Launches Crypto Buying, Selling, and Holding for US Business Accounts Owing to User Demand
US-based merchants with PayPal business accounts can now buy, sell, and hold cryptocurrency directly through PayPal. This new service allows merchants to facilitate cross-chain crypto transfers and provides the option to withdraw their crypto assets.
-
Sweden Classifies Some Crypto Exchanges as ‘Professional Money Launderers’
Sweden has classified some crypto exchange service providers as professional money launderers claiming that crypto exchanges are often used by criminals to launder proceedings from all types of crimes via cryptocurrency. Sweden blames crypto exchanges for playing a crucial role in maintaining the criminal economy while also harbouring underground b...
-
Mudrex Announces Rewards for Crypto Holders via New ‘Earn’ Initiative: Details
Mudrex crypto investment firm has launched a new initiative to let users monetise their crypto holdings without having to sell their assets. Mudrex’s fresh initiative seems to be a move aimed at retaining Indian users on its platform.
-
Inclusion Into Startup Initiatives, Risk Mitigating Policies: BWA Lists Web3 Needs for Upcoming Government
The BWA, in a recent announcement, listed some immediate steps that the upcoming government could consider aiming to grow the blockchain-based sector. Providing escrow accounts and banking services for owners of Web3 businesses, allowing offsetting of losses, and reducing the one percent TDS tax law to 0.01 percent are among suggestions given by th...
-
BWA Lays Down Self-Regulatory Guidelines on Token Listings for Indian Crypto Exchanges
The Bharat Web3 Association (BWA) has laid down some rules for service providers in the crypto sector to adhere to. The self-regulatory guidelines are based on the PEC framework, that focusses on investor protection, market efficiency as well as credibility and safeguards.
-
Koinex Collaborates with CoinDCX to Help Users Recover Locked Assets From Defunct Exchange
CoinDCX has announced it has put in place an established desk to assist former Koinex members access their funds and transition onto its platform. The now-defunct crypto exchange has signed a Memorandum of Understanding (MoU) with CoinDCX to provide access to customers' assets.
