Portugal: First Crypto License to a Bank
As known as a crypto investment heaven because of its taxation advantages, Portugal continues to provide incentives for its citizens and businesses. Several payment firms, crypto exchanges, and financial institutions are granted a license to provide services in this industry. On March 14, Banco de Portugal, the Central Bank of Portugal, announced that Bison Bank, …
Read more →Singapore Crypto News: Change of Plans Alert
Singapore has adopted a relatively neutral approach regarding the operations of crypto firms until 2022. This policy and the contribution of significant financial actors such as DBS Bank enabled Singapore to become a ‘crypto hub’ for the industry.1The strictly conservative manner adopted in China has also led Singapore to be one of the best options …
Read more →European Union: New Strict Rules on Cryptocurrencies
The European Union (the “EU”) has always been strict about tracing money flow and regulating anti-money laundering, terrorist financing, and other crimes. Undoubtedly, it also aims to control cryptocurrency activities, which has been a grey area within different jurisdictions. Although it was argued that the EU would ban cryptocurrencies that are proof of work-based last …
Read more →Vircon Legal Advised FirstBatch on its Pre-Seed Round Led by Foresight Ventures, Signum Capital and QNB Ventures
Vircon Legal advised FirstBatch on its pre-seed round led by Foresight Ventures, Signum Capital and QNB Ventures. FirstBatch is a privacy-preserving data infrastructure for AI; it lets users contribute data and personalization signals to AI applications without surrendering raw identity, enabling builders to ship hyper-personalized AI without conventional centralized data collection. The proposition addresses one …
Read more →Argentine Crypto News: IMF’s Approval Has Landed
In our last Argentine News, we have covered the Argentine Government’s application for Extended Fund Facility and its current and possible impactions on crypto companies operating in the Argentine regional market. And now here we are to provide more on the issue following the IMF’s approval. On March 25, 2022, International Monetary Fund (“IMF”) has carried …
Read more →Dubai’s First Crypto Law: Law on The Regulation of Virtual Assets
The Emirate of Dubai has been introducing various innovations for entrepreneurs and investors of blockchain technology, rising to be a regional and international hub in the industry. It has already spent several years egging the sector participants to hold its position internationally and made a lot of promises in this regard. Such innovations and incentives …
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