Crypto.com gets nod in Dubai and FTX launches in Japan

6/3/2022 8:26:00 AM

Some crypto businesses have turned to workforce layoffs to endure the crypto market downturn while two others are forging ahead and expanding into new markets.

Some crypto businesses have turned to workforce layoffs to endure the crypto market downturn while two others are forging ahead and expanding into new markets.

Popular crypto exchanges Crypto.com and FTX will each expand to new countries as Crypto.com secures a crypto license in Dubai, and FTX launches its service in Japan.

0:00 News Two out of the top 10 largest cryptocurrency exchanges by volume will expand into new markets, with Crypto.reported Barron’s.0:00 News The concept of cryptocurrency inheritance continues to rapidly evolve as the decentralized finance (DeFi) industry spawns more ways to make a “crypto will.Goldman Sachs is reportedly in talks with the US arm of crypto exchange FTX for potential integration of the latter’s derivative operations.

com obtaining a provisional crypto license in Dubai and FTX launching in Japan.Crypto.US, the U.com announced on June 2 that the Dubai Virtual Assets Regulatory Authority (VARA) provided the exchange with provisional approval of its Virtual Asset License giving the company the go-ahead based on initial compliance checks.The new solution enables the generation and execution of an automated last will and testament without the need for lawyers, government authorities or any other centralized entity.The exchange said that VARA will carry out further due diligence and other mandated requirements before its full operating license is issued which it expects to happen in the “near term” Crypto.subsidiary of global cryptocurrency exchange FTX is currently seeking to offer brokerage services for its derivatives offerings.com said in March it would create a regional office in the United Arab Emirates (UAE) largest city after it enacted with the goal of making Dubai a global hub for crypto.The exchange’s ambitious roadmap includes managing collateral and margin requirements usually handled by brokerages that act as futures commission merchants (FCMs), including Goldman Sachs.

The UAE Minister of State for Foreign Trade, Dr Thani Al Zeyoudi said in the the country believes “cryptocurrencies, virtual assets and blockchain will revolutionize the financial services sector.FTX.The tool allows users to create future transactions or get a secondary access point to crypto based on various conditions.” He added it's “attracting companies to the UAE to build on this vision and enable technologies of the future to flourish here.” FTX Japan launches.There are several large ones you can probably name.

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Goldman Sachs reportedly eyes crypto derivatives markets with FTX integrationThe integration of Goldman Sachs derivatives services would reportedly offer “trading futures directly, introducing clients and acting as an on-ramp to the exchange, or providing capital top-ups for clients.”

DeFi crypto wallet aims to decentralize inheritance of crypto and NFTsA potential solution for inheritance concerns? Crypto software provider KIROBO5 is moving to tackle a void in the DeFi industry by providing crypto investors with an opportunity to pass private keys or transfer funds according to their last will.

Goldman Sachs and FTX in Talks for Ambitious Derivatives Trading Deal: ReportThe integration will focus on providing direct futures trading, and introducing clients among other services.

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Computer scientists and academics pursue efforts to stop crypto lobbying in USThe efforts came amid the growth of the number of crypto lobbyists and the increase in budget spent on lobbying for crypto.

Russian Central Bank Wants Crypto for International Trade, Not for Citizens: ReportRussia may not want its citizens to dabble in digital assets, but its central bank is running out of options for international trade and payments.