Fasset won a Malaysian licence to launch a stablecoin-backed Islamic digital bank, aiming to deliver Sharia‑compliant digital finance, streamline cross‑border payments and operate under local regulatory oversight.
Gemini has successfully obtained a MiFID II license from Malta, enabling it to offer derivatives within the European Economic Area (EEA). This strategic move highlights Gemini’s commitment to expanding its services and enhancing regulatory compliance in Europe.
Germany’s Commerzbank has become the latest European bank to gain a crypto custody license from the country’s financial watchdog, BaFIN. The license allows them to securely store crypto-assets on behalf of clients.
Coinbase, the US-based cryptocurrency exchange, has secured a multi-asset custody and brokerage services license by Singapore’s financial regulator, MAS. This provides Coinbase with a range of new services to offer to customers in Singapore.
In a move to further expand its US licensing portfolio, Ripple has acquired digital asset custodian Fortress Trust. The organization’s expertise in security and regulatory compliance will prove invaluable to Ripple’s future US-based initiatives.