Binance to offer crypto broker-dealer services in Dubai with new license

    Binance is now officially allowed to offer crypto services to institutional and qualified retail investors in Dubai. Major cryptocurrency exchange Binance has reached another milestone in relationships with regulators in the United Arab Emirates by winning a new license in Dubai. Binance’s Dubai-based subsidiary, Binance FZE, has obtained an operational minimum viable product (MVP) license…

    SEC adopts cyberattack disclosure rules, listed crypto firms included

    Coinbase, Marathon Digital and Riot Blockchain are among the SEC-registered cryptocurrency firms that would need to comply with the rules. Public companies in the United States, including listed crypto firms, will be required to disclose any major cybersecurity incidents within a four-day time limit, under new rules adopted by the United States securities regulator. The rules from…

    ‘Historic week’ as stablecoin, self-custody bills advance to House floor

    The bills aim to create a regulatory framework for payment stablecoins and enshrine rights for crypto users to self-custody digital assets. The House Financial Services Committee has advanced another two landmark crypto bills previously under consideration —  with one aiming to better regulate stablecoin issuers and another seen as positive for crypto self-custody in the…

    Crypto payment gateway CoinsPaid suspects Lazarus Group in $37M hack

    CoinsPaid said it is now working with Estonian law enforcement and several blockchain security firms are assisting to minimize the impact of the July 22 exploit. Cryptocurrency payments platform CoinsPaid has pointed the finger at North Korean state-backed Lazarus Group as being behind the hacking of its internal systems, which allowed them to steal $37.3…

    Worldcoin struggles to find new users willing to scan iris for crypto

    The controversial crypto project’s new sign-ups have dwindled, and the numbers pale in comparison to the 2 million sign-ups before the launch of the project. The controversial crypto project Worldcoin was launched for the public on July 24, making way for customers to scan their iris at designated locations in 20 countries and receive 25…

    Abu Dhabi regulator grants trading firm Rain permission to offer crypto services

    The announcement followed crypto exchange Binance receiving similar permission from the Abu Dhabi regulator in November 2022. The Abu Dhabi Global Market (ADGM) Financial Services Regulatory Authority has granted its financial services permission for cryptocurrency firm Rain to offer brokerage and custody services to residents. In a July 25 announcement, Rain said the regulatory approval will allow…