China News Official TheBitTimes.com

In a Nov. 8 post released on X, Open Exchange (OPNX) shares the announcement of their latest regulatory milestone in Europe. The exchange is said to now have the Virtual Asset Service Provider (VASP) license in Lithuania, a country in the Baltics. Adhering to high standards The announcement stated that the license would require OPNX to adhere to the highest standards of security and compliance, alongside claims the team is already using robust KYC and anti-money laundering systems. We're excited to announce our latest regulatory milestone in Europe! OPNX has obtained the Virtual Asset Service Provider (VASP) license in Lithuania! Learn more:https://t.co/ayScB7ykDX pic.twitter.com/vdTkRwrRnw — OPNX (Open Exchange) (@OPNX_Official) November 8, 2023 You might also like: Bitpanda secures VASP License for digital asset trading in Norway With the VASP license , OPNX has the ability to service the European region, although there may be jurisdictions within the EU...

BitGo originally announced it was setting up two regulated custodial entities in Germany and Switzerland in February 2020. Major cryptocurrency custody firm BitGo is reportedly expanding its regulatory compliance in Germany more than three years after launching a dedicated local subsidiary. BitGo has obtained a crypto currency license from the German Federal Financial Supervisory Authority (BaFin), according to a Nov. 1 report by Finance Magnates. The firm has been storing crypto assets like Bitcoin (BTC) for its clients since 2019 under the supervision of BaFin as part of a transitional regime, the report notes. The German license secures BitGo's presence in the European market and is an important milestone for BitGo, BitGo Europe managing director Dejan Maljevic said. “BaFin is recognized as one of the world’s key trendsetters in crypto regulation,” Maljevic noted, adding that the license “enables the progress that digital currencies entail while creating a secure regulatory ...