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Binance and KuCoin has obtain FIU-IND approval, marking a milestone in Indian crypto regulation. KuCoin pays $41,000 penalty as Binance awaits fine determination amid compliance proceedings. The return of the exchanges to India signals the growing acceptance of cryptocurrencies in India’s regulatory framework. In a significant development for the cryptocurrency industry In India, two major exchanges, Binance and KuCoin, have obtained registration approval from India’s Financial Intelligence Unit (FIU-IND), marking a pivotal moment in their journey toward regulatory compliance in the country. This comes after months of negotiations and challenges following the ban of the two exchanges for alleged illegal operations. Binance and Kucoin to re-enter India after ban The path to registration was fraught with obstacles, as both Binance and KuCoin, along with several other offshore entities, faced a ban in December of the previous year for non-complianc...

Valkyrie and ARK 21Shares have recently submitted filings for spot Bitcoin ETFs, adding to the growing list of contenders seeking approval from the U.S. Securities and Exchange Commission. Valkyrie and ARK 21Shares have filed for 8-A registration of securities for a spot Bitcoin ETF with the SEC on Jan. 4, following the footsteps of Grayscale and VanEck earlier today and Fidelity, who filed yesterday. Lots of Bitcoin ETF issuers have amended their 8-A forms in recent weeks… But what is an 8-A form…. SEC form 8-A is required by the Securities and Exchange Commission (#SEC) from companies that are seeking to issue securities . And it must be submitted before securities … — LondonCryptoClub (@LDNCryptoClub) January 4, 2024 You might also like: Matrixport case: How news and rumors impact crypto market Valkyrie and ARK 21Shares’s official filings today suggest a solid chance of approvals being pushed through imminently as the two companies compete with others for...

The move follows the crypto exchange's successful VASP registration in Italy. Cryptocurrency exchange Kraken has received an Electronic Money Institution (EMI) from the Central Bank of Ireland and registration as a virtual asset service provider (VASP) from the Bank of Spain. According to the Sept. 26 announcement, the EMI license enables Kraken to expand euro-to-crypto trading services to 27 European Union (EU) member states and European Economic Area (EEA) countries. Meanwhile, the VASP registration in Spain allows Kraken to offer exchange and wallet custodial services to Spanish residents. The firm is also registered as a VASP in Italy and Ireland. Kraken's vice president of global operations Curtis Ting commented: "We see a firm foundation for crypto in Europe, which has forward-looking regulation that enables us to grow with confidence." The platform currently supports over 200 trading pairs across six fiat currencies — the British pound, euro, U.S. dollar, ...