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Taiwan Mobile, the nation’s second-largest telecommunications carrier, has secured a Virtual Asset Service Provider (VASP) license.
This milestone marks the company’s official entry into the digital asset space, setting the stage for the launch of a potential crypto exchange and other related services.
Latest Crypto Updates: Taiwan Mobile approved for crypto services, Telegram expands TON Blockchain to 900M users, and EU sets new AML guidelines for crypto providers.
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Taiwan Mobile’s acquisition of the VASP license comes on the heels of substantial regulatory changes in Taiwan.
The Financial Supervisory Commission (FSC), the nation’s primary financial regulator, has been actively working to create a more robust regulatory framework for digital assets. This move is part of Taiwan’s broader strategy to integrate digital assets into its financial ecosystem while ensuring consumer protection and market integrity.
The FSC’s decision to grant the VASP license to Taiwan Mobile is a testament to the company’s compliance with stringent regulatory requirements. This license enables Taiwan Mobile to offer a range of crypto-related services, including trading, custody, and potentially, the operation of a full-fledged cryptocurrency exchange.
Read more: The Always Up-to-Date Guide to the Best Bitcoin Exchanges (2024)
Singapore’s Partior Closes $60 Million Funding Round
Singapore headquartered Partior, a cross-border payments and settlement blockchain company, announced closing $60 million in a Series B round led by Peak XV Partners. The funding round was supported by Valor Capital Group and Jump Trading Group as new investors, and JP Morgan, Standard Chartered and Temasek as existing shareholders.
Commenting on the $60 million influx, Partior CEO Humphrey Valenbreder said, “Partior is breaking down silos and rewriting the rules for cross-border clearing and settlement.”
“We see a very bright future for blockchain based frictionless, cross-border transactions,” Valenbreder added. “Having some of the world’s best banks and investors back our vision validates this even further.”
Partior, a cross-border payments and settlement blockchain company, raised more than $60 million in an investment round including Peak XV Partners, Jump Trading and Valor Capital https://t.co/hMs6FgIU5l
— Bloomberg Technology (@technology) July 12, 2024
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Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.
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