Cryptocurrency Daily Thefoxposts.com

Coinbase and Circle each expanded their European presences following regulatory approval from the French AMF. Crypto exchange Coinbase secured a virtual asset service provider (VASP) license from France’s Financial Markets Authority (AMF) as it positions itself outside the U.S. and across European markets.  The AMF’s approval authorizes Coinbase to do business as a digital asset trading venue, offering cryptocurrency trading, crypto-fiat pairs, and crypto custodial services, according to a Dec. 21 CNBC report and a company spokesperson. Meanwhile, USD Coin (USDC) operator Circle announced conditional registration with the French AMF. CEO Jeremy Allaire said the company hopes to obtain a full Digital Asset Service Provider (DASP) from France’s financial watchdog.  .@circle receives conditional Digital Asset Service Provider (DASP) registration in France, home to Circle's EU HQ for our stablecoin platforms. We also announced that Coralie Billmann has joined to head French oper...

Hong Kong has been making rapid strides in the Crypto, Web3, and DeFi space. Well, the special administrative province intends to become the digital hub and its actions are in line with the same. Just a few hours back, the region’s ZA Bank, revealed that it is enabling fiat and crypto transfers while offering account services to the city’s expanding digital asset industry. This basically means Hong Kong ’s largest virtual bank would now act as a “settlement bank” for crypto exchanges. Hong Kong is parallelly looking to notch up its regulatory game as well. Keith Choy, the Interim Head of Intermediaries at Hong Kong ’s Securities and Futures Commission [SFC], recently said at a Web3 Festival in Hong Kong that DeFi projects need to be regulated. In fact, as long as DeFi activity falls within the ambit of the Securities and Futures Ordinance [SFO], it needs to face the same regulatory requirements as traditional financial activity. Breaking: After the launch of the US DeFi risk rep...