Licence Financial News

Here are conditions for taking the «one-day» driving licence The applicant for the service must be over seventeen years and six months old. The applicant has to open a traffic file through the MOI UAE (Ministry of Interior of United Arab Emirates) apps Attend theoretical classes (in-person and online) and pass the test Pass the practical training hours with an average of 10 training hours (5 hours for preliminary training, 5 hours for city training).

Nomura said on Tuesday it had won an operating licence in Dubai, the latest in a number of mainstream financial institutions this year to enter the crypto sector. Laser Digital, which is headquartered in Switzerland with officers in Dubai and London, said in a statement it had received the licence from Dubai's Virtual Asset Regulatory Authority, allowing it to offer crypto-related broker-dealer, management and investment services.

Binance, a cryptocurrency exchange, has achieved a new Dubai-based licence based on its connections with United Arab Emirates’ regulators, as stated by Cointelegraph.

₹18.7 crore, up 85% year-on-year. However, profit declined 15% sequentially.

The Bahrain-headquartered Rain, backed by Coinbase, said its entity based in the Abu Dhabi Global Market financial freezone will now offer institutional clients and some retail clients in the UAE the ability to buy, sell and store virtual assets. Rain will also be able to open a bank account in the UAE, and allow clients in the country to fund their own accounts when using the local payment network, co-founder Yehia Badawy said in an interview on Tuesday. Local asset managers have been hesitant to work with crypto firms without a domestic licence, he continued, adding they will now feel more comfortable after it obtained regulatory approval.

Societe Generale has become the first company in France to obtain a license for crypto services, as a growing number of mainstream financial companies embrace crypto globally this year. Societe Generale's crypto unit, Forge, is licensed as of Tuesday to offer services, including crypto custody, trading and sales, according to the website of France's AMF market regulator.

Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________

Pernod Ricard's plea seeking a renewal of its liquor sale licence in New Delhi, marking the latest legal setback in the French giant's attempt to restart sales in the city, news agency Reuters reported on Tuesday.India's federal financial crime agency Enforcement Directorate has accused the company of illegally making profits by giving false information to Delhi city authorities in 2021, and violating rules by financially supporting retailers in exchange for stocking more of its brands. Pernod has repeatedly denied wrongdoing.

The company received the news late last week, and were waiting to receive the official letter from regulators before making today’s announcement.

The company received the news late last week, and were waiting to receive the official letter from regulators before making today’s announcement.

 

 According to a Bloomberg report, the German bank has applied for regulatory approval to operate a custody service for digital assets, including cryptocurrencies.

The company has failed in its bid to secure a virtual asset service provider (VASP) license in the Netherlands.It is not accepting new users with immediate effect and, from 17 July, existing users will not be able to make purchases, trades or deposits.Binance stresses that it is already compliant with EU standards on the prevention of money laundering and financing of terrorism as evidenced by its registrations in other EU countries, including France, Italy, Spain, Poland, Sweden and Lithuania.However, according to CoinDesk, it is facing money laundering troubles in France, where the authorities are investigating the firm.The probe relates to Binance potentially illegally operating as a digital asset service provider before it received regulatory approval last May.In addition, prosecutors tell CoinDesk, the investigation concerns possible "aggravated money laundering by taking part in investment operations, concealment and conversion, the latter being carried out by perpetrators of offenses having generated profits".In the US, the SEC has sued Binance and its CEO Changpeng Zhao, alleging a host of securities law violations and accusing the world's largest crypto exchange of engaging in an "extensive web of deception".

Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________

Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________

Revolut's chief financial officer is to leave the firm as the fintech continues its three-year-long wait for a UK banking licence.

Another crypto player, Bittrex, recently quit the US over regulatory concerns.

Binance's custody unit Ceffu said on Thursday it is planning to apply for a permit to offer payment services in Singapore, as the crypto exchange makes another attempt to function in the crypto-friendly city-state. «Once the relevant amendments to the Payment Services Act go live and the application for a custody license opens, Ceffu will make its official application with the MAS (Monetary Authority of Singapore),» the unit's Vice President Athena Yu said in a statement to Reuters. The unit, launched in 2021, was recently rebranded to Ceffu from Binance Custody. Late last year U.S. crypto exchange Coinbase, Crypto.com and DBS Vickers — brokerage run by Singapore's largest bank DBS — received similar approval from the central bank to offer payment services in the country.

“We’ve been working towards this very goal for the last 18 months," says Juha Viitala, the CEO and co-founder of Membrane Finance. "Getting an EU-level license and the opportunity to finally build a truly regulated EUR-based stable coin is massive news for both us, and the wider European cryptocurrency market and community."Set for launch in early 2023, EUROe takes a fiat Euro and transforms it into a 1:1 pegged digital currency that can be used in transactions on all major blockchains.

Jesse Hemson-Struthers, CEO, BVNK, says: "It’s always been BVNK's mission to bridge the gap between traditional and digital finance to offer merchants a modern payments platform that they can trust.

Jesse Hemson-Struthers, CEO, BVNK, says: "It’s always been BVNK's mission to bridge the gap between traditional and digital finance to offer merchants a modern payments platform that they can trust.