Virtual Asset Service Provider

Ripple's approval in Ireland facilitates global expansion, enabling the provision of digital asset services and establishing a strategic foothold in the broader European market.

Ripple marks a significant win as its Irish subsidiary, Ripple Markets Ireland Limited, receives registration as a Virtual Asset Service Provider (VASP) from the Central Bank of Ireland. This approval allows Ripple Markets to offer specific digital asset services within Ireland, signifying a crucial milestone in Ripple's strategic expansion plan.

DAXA, in cooperation with FIU, has officially started accepting reports on unregistered virtual asset operators targeting domestic individuals in violation of specific financial information laws.

The FSC will purportedly provide policy support, encouraging periodic capability evaluations for companies to enhance their anti-money laundering measures.

In the aftermath of Binance facing a monumental $4 billion fine for alleged involvement in Hamas financing, Sean Chen, Chairman of Taiwan's Appacus Foundation, asserts that this landmark penalty underscores the crucial need for legal frameworks in the digital finance realm. Chen, who is also a Taiwanese political figure and financial expert, contends that the incident not only signals the paramount importance of legal structuring in digital finance but also marks the industry's entry into a new era of legal scrutiny and order.

Snapchat influencer Caryn Marjorie faces controversy with CarynAI, an AI-powered chatbot. Claims of curing loneliness and ethical concerns surround its premature launch, raising questions about virtual relationships.

Hex Trust obtains regulatory approval for cryptocurrency custody services in Dubai, advancing its Middle East expansion in line with the emirate's progressive regulations.

Crypto.com, the global cryptocurrency platform, has received a Virtual Assets Service Provider (VASP) Licence for specific virtual asset services from Dubai's Virtual Assets Regulatory Authority (VARA). This milestone underscores the company's commitment to regulatory compliance and cross-border risk assurance.

Gemini's compliance with the UK Travel Rule raises worries about restrictions on crypto users' freedom and self-custody rights.

Within the updated guidelines, stringent measures have been introduced; imposing penalties on VASPs found operating without the requisite licenses within the jurisdiction.