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...

Backpack, a leading provider of blockchain-based financial services, has announced the launch of its crypto currency exchange , Backpack Exchange. The new platform has received approval for a Virtual Asset Service Provider (VASP) license from the Dubai Virtual Asset Regulatory Authority (VARA), marking a significant milestone in the company’s expansion into the digital asset market. The Backpack Exchange aims to provide a secure and user-friendly trading environment for both retail and institutional investors. Additionally, Backpack Exchange plans to introduce innovative Features such as staking, lending and margin trading to cater to the diverse needs of its users. You might also like: Crypto custodian BitGo eyes Dubai expansion, applies for license The approval of the VASP license by VARA is a testament to Backpack’s commitment to regulatory compliance and security. VARA is known for its stringent regulatory framework, which ensures that licensed entities ad...