Tag Archives: Exchange license

This includes content related to exchange licenses, virtual asset trading platforms, brokerage matching, exchange venue supervision, and licensed operation compliance.

First Japanese Crypto Asset Exchange License in Four Years: Laser Digital's Registration Path and Key Compliance Points for Migration to FIEA
First Japanese Crypto Asset Exchange License in Four Years: Laser Digital's Registration Path and Key Compliance Points for Migration to FIEA

Nomura Digital's subsidiary, Laser Digital, has completed its registration as a cryptocurrency exchange operator under the Funds Settlement Act in Japan. The registration authority is the Kanto Finance Bureau (Registration No. 00032), making it the first newly registered entity in Japan since 2022. This article analyzes the differences between Japan's registration and licensing systems, the proactive nature of JVCEA self-regulatory rules, the review approach behind the four-year gap, and the compliance preparation requirements for newly registered institutions during the window of opportunity for the Funds Settlement Act to be transferred to the FIEA.

21
June
Global Crypto Funding in the First Half of 2026: $112 Billion Flows Entirely to Licensed Companies, Marking the End of the Permissionless Era
Global Crypto Funding in the First Half of 2026: $112 Billion Flows Entirely to Licensed Companies, Marking the End of the Permissionless Era

A report on crypto funding in the first half of 2026 released by Dubai-based crypto law firm NeosLegal shows that the industry raised $112 billion in 377 rounds during the first half of the year, with all publicly disclosed funds flowing to regulated, licensed companies. Payments and stablecoins, prediction markets, and exchanges ranked in the top three, reflecting that regulatory licenses are being repriced as a prerequisite for institutional capital allocation and as scarce defensive assets.

16
June
Putin signs Law 282-FZ on Digital Currency and Digital Rights: Russia's crypto market moves towards formal legislation, details still await clarification from the central bank.

Russia has officially published Law 282-FZ, "Digital Currency and Digital Rights," a fact confirmed by official gazettes and Duma bills. What truly warrants caution is that the licensing categories, capital thresholds, retail limits, and lists of tradable tokens circulating in the market cannot all be directly verified through this official source. Therefore, a more prudent assessment is that the Russian cryptocurrency market has entered the formal legislative phase, but specific implementation details still await further clarification from the central bank and supporting documents.

05
June
South Korea's Financial Services Council (FSC) is pushing forward with unified legislation for the "Digital Asset Basic Law": Controversies surrounding stablecoin bank shareholdings, debates over the abolition of crypto taxes, and constitutional reviews of exchange equity caps.
South Korea's Financial Services Council (FSC) is pushing forward with unified legislation for the "Digital Asset Basic Law": Controversies surrounding stablecoin bank shareholdings, debates over the abolition of crypto taxes, and constitutional reviews of exchange equity caps.

South Korea's Financial Services Authority (FSC) plans to introduce a unified version of the Digital Asset Basic Act, covering stablecoin issuance, exchange access, information disclosure, and system resilience. The core controversy revolves around the constitutionality of requiring banks to hold 51% of stablecoins and exchanges to have a 15-20% equity cap. Simultaneously, the opposition is pushing to abolish the 22% crypto tax, with a petition signed by 5 people already exceeding the threshold for review.

29
June
Coinbase Canada's new CEO calls for permanent crypto legislation: a three-stage strategy from Restricted Dealers to CIRO licenses.
Coinbase Canada's new CEO calls for permanent crypto legislation: a three-stage strategy from Restricted Dealers to CIRO licenses.

Eric Richmond, the newly appointed CEO of Coinbase Canada, has called for permanent crypto regulatory legislation in Canada to replace the current system of temporary exemptions. Richmond outlined a three-phase strategy: launching crypto derivatives within weeks, obtaining a CIRO dealer license by early 2027, and ultimately creating a universal exchange integrating crypto stock ETFs. Canada's Stablecoin Act defines stablecoins as payment instruments, and the central bank is expected to release implementing rules in 2027.

29
June
Russia's "Law on Digital Currency and Digital Rights" takes effect on September 1st: A comprehensive analysis of the five types of licensed intermediaries, the 300,000 ruble retail spending limit, and exemptions for cross-border payments.
Russia's "Law on Digital Currency and Digital Rights" takes effect on September 1st: A comprehensive analysis of the five types of licensed intermediaries, the 300,000 ruble retail spending limit, and exemptions for cross-border payments.

俄罗斯《数字货币与数字权利法》2026年9月1日生效，建立加密交易所、数字存管、经纪商、管理公司、兑换机构五类持牌中介制度。非合格投资者年度购买限额30万卢布，进出口企业跨境加密PaymentNone金额限制。Sberbank已宣布12月建成全栈加密交易基础设施。

28
June
BitMEX's permanent closure: From pioneer of perpetual contracts to its quiet exit, the crypto derivatives market enters an era of licensing and compliance.
BitMEX's permanent closure: From pioneer of perpetual contracts to its quiet exit, the crypto derivatives market enters an era of licensing and compliance.

全球首个永续合约交易平台BitMEX宣布将于2026年9月23日永久关停，结束11年运营。从巅峰期年交易量超1万亿美元到日交易量不足40万美元，其退场标志着加密衍生品从离岸高杠杆时代向持牌合规时代的结构性转换已完成。本文结合宏观环境分析BitMEX兴衰对持牌交易所和去中心化衍生品协议的启示。

28
June
CME sues CFTC over regulatory status of crypto perpetual contracts: The impact of the futures vs. swaps dispute on licensed derivatives trading venues
CME sues CFTC over regulatory status of crypto perpetual contracts: The impact of the futures vs. swaps dispute on licensed derivatives trading venues

In July 2026, CME Group officially sued the CFTC, with the central issue being whether crypto perpetual contracts should be classified as futures or swaps. The CFTC approved Kalshi's launch of the first compliant Bitcoin perpetual contract, BTCPERP, in May, and its trading volume exceeded $55 billion within weeks. The outcome of this lawsuit will determine the listing path for compliant perpetual products in the US, the applicable boundaries of DCM and SEF licenses, and the direction of the global crypto derivatives licensing system.

28
June
Trading volume of Binance ETF perpetual contracts under the Abu Dhabi ADGM license framework surpasses $1160 billion: Global compliance path and regulatory scrutiny of TradeFi derivatives.
Trading volume of Binance ETF perpetual contracts under the Abu Dhabi ADGM license framework surpasses $1160 billion: Global compliance path and regulatory scrutiny of TradeFi derivatives.

Since launching its ETF perpetual contracts in March 2026, Binance has seen cumulative trading volume surpass $116 billion, with its market share rising to 74%. This product is licensed by Nest, a company licensed by ADGM FSRA.

24
June
Global cryptocurrency exchange consolidation accelerates: BitMEX shuts down after 11 years, compliance costs reshape the licensing competition landscape.
Global cryptocurrency exchange consolidation accelerates: BitMEX shuts down after 11 years, compliance costs reshape the licensing competition landscape.

On July 23, 2026, BitMEX, after 11 years of operation, announced the closure of its trading services in September, marking the transition of cryptocurrency exchanges from the era of offshore leverage to the era of licensed compliance. The top five platforms control 80% of trading volume, and the CFTC has approved compliant perpetual contracts for Coinbase and Kraken, with regulated platforms systematically replacing offshore exchanges. This article analyzes the survival dilemmas of mid-sized exchanges and the structural transformation of the global licensing landscape.

24
June
Bitget CEO announces plans to enter the US market regardless of the passage of the Clarity Act: A three-tiered strategy involving MTL, derivatives, and BD licenses is fully underway.
Bitget CEO announces plans to enter the US market regardless of the passage of the Clarity Act: A three-tiered strategy involving MTL, derivatives, and BD licenses is fully underway.

In an interview with The Block, Bitget CEO Gracy Chen announced that regardless of whether the Clarity Act passes, Bitget will enter the US market and plans to obtain MTL, derivatives, and brokerage licenses. They have already reached an agreement with the NYSE and Nasdaq for tokenized asset distribution partnerships. Bitget's tokenized equity assets have surpassed $1 million, and 52% of their users hold both crypto assets and stocks.

22
June
MEXC appoints former Bybit Chief Legal and Compliance Officer Robert MacDonald as Global CCO: Upgrading Compliance Strategy Amid Multi-Asset Expansion
MEXC appoints former Bybit Chief Legal and Compliance Officer Robert MacDonald as Global CCO: Upgrading Compliance Strategy Amid Multi-Asset Expansion

MEXC has appointed Robert MacDonald, former Chief Legal and Compliance Officer of Bybit, as its Global CCO, responsible for compliance strategy in 170+ markets. MacDonald proposed three pillars: cross-border governance standardization, data-driven risk control, and global regulatory dialogue. This comes at a time when MEXC is transforming from a crypto exchange into a multi-asset, full-category platform, facing the dual pressures of being on the SFC warning list and lacking MiCA approval.

22
June
Vietnam has issued Decree No. 284 on Administrative Penalties for Crypto Assets: Unlicensed trading platforms can be fined up to 200 million VND, effective September 1st.
Vietnam has issued Decree No. 284 on Administrative Penalties for Crypto Assets: Unlicensed trading platforms can be fined up to 200 million VND, effective September 1st.

越南政府发布第284/2026/NĐ-CP号法令，为五年加密资产试点计划建立系统性行政处罚框架。法令覆盖None牌经营、投资者交易、代币发行、KYC、数据滥用及广告营销六大违规场景，机构最高罚款2亿越南盾。投资者通过未持牌平台交易将被罚3000万至5000万越南盾。2026年9月1日生效。

22
June
Countdown to the US GENIUS Act: USDT faces the 2028 compliance deadline for US crypto platforms; can Tether's dual-currency strategy pass the test?
Countdown to the US GENIUS Act: USDT faces the 2028 compliance deadline for US crypto platforms; can Tether's dual-currency strategy pass the test?

The three-year transition period for the US GENIUS Act will expire in mid-2028. USDT faces the risk of being delisted from US exchanges due to its reserve assets containing non-compliant assets such as gold and Bitcoin. Tether is responding with a dual-currency strategy using the USA₮, but whether USDT can obtain reciprocal recognition from the Treasury Department remains highly uncertain. This article systematically reviews the core requirements of the GENIUS Act, key timelines, and changes in the industry's competitive landscape.

20
June
Analysis of the Robinhood Chain Tokenized Stock License Architecture in the United States: Brokerage L2 Network, Debt Securities Structure, and Cross-Jurisdictional Compliance Path
Analysis of the Robinhood Chain Tokenized Stock License Architecture in the United States: Brokerage L2 Network, Debt Securities Structure, and Cross-Jurisdictional Compliance Path

The Robinhood Chain mainnet launch introduces tokenized stock tokens, but these are issued as debt securities rather than equity and exclude the US market. This article analyzes the compliance boundaries and licensing structure of on-chain brokerages from three dimensions: the SEC's 2026 joint statement on tokenized securities, Robinhood's global licensing matrix (FINRA/FCA/MAS CMS/MPI), and the risks associated with centralized ordering exchange licenses.

12
June
Large-scale deployment of encrypted payments in Kazakhstan: Binance Pay's licensing and compliance path to integrate with 5,000 POS terminals.
Large-scale deployment of encrypted payments in Kazakhstan: Binance Pay's licensing and compliance path to integrate with 5,000 POS terminals.

Kazakhstan's Alatau City Bank has expanded its Binance Pay crypto payment service to approximately 5,000 POS terminals, allowing consumers to pay with crypto assets such as USDT, which are instantly converted into tenge. This article analyzes AFSA and NBK.

11
June
Lithuanian Banking License Application: Kraken Seeks Strategic Layout and Compliance Path for European Banking Licenses
Lithuanian Banking License Application: Kraken Seeks Strategic Layout and Compliance Path for European Banking Licenses

In July 2026, Kraken's parent company, Payward, applied for a full European banking license through Lithuania. If approved, it would become the first cryptocurrency exchange with a licensed European bank. This article analyzes Kraken's global licensing portfolio—MiCA authorization (Central Bank of Ireland), MiFID license (Cyprus), access to the Fed Reserve payment system, and Dubai VARA approval—and the strategic significance of the banking license for its transformation from a trading platform to a comprehensive financial institution.

08
June
EDX Markets, a US-based exchange, secured $7600 million in Series C funding led by SBI Holdings. The funding complements its three-tiered licensing structure (institutional exchange + central clearing house + OCC trust bank) and its trans-Pacific license.
EDX Markets, a US-based exchange, secured $7600 million in Series C funding led by SBI Holdings. The funding complements its three-tiered licensing structure (institutional exchange + central clearing house + OCC trust bank) and its trans-Pacific license.

EDX Markets has completed a $7600 million Series C funding round led by SBI Holdings, with continued participation from traditional financial investors including Citadel, Fidelity, Schwab, and Virtu. EDX employs a dual-track structure of an institutional-owned exchange and a central clearinghouse (daily trading volume of 85 million USDT) and has submitted its application to the OCC for National Trust Bank. SBI Holdings, with its FSA-licensed exchange in Japan, JPYSC stablecoin, and USDC/RLUSD global ecosystem, complements EDX's trans-Pacific license structure, creating an "Asian licensed entity → US compliant infrastructure" model.

08
June
Japan's SBI VC Trade licensed cryptocurrency exchange surpasses 200 million registered accounts: A path for license consolidation under the FSA regulatory framework following the merger of three exchanges.
Japan's SBI VC Trade licensed cryptocurrency exchange surpasses 200 million registered accounts: A path for license consolidation under the FSA regulatory framework following the merger of three exchanges.

SBI VC Trade and BITPOINT in Japan have surpassed 200 million registered accounts, just one year away from reaching 100 million by 2025. Under the FSA licensing framework, the SBI Group has completed the merger with BITPOINT and announced the acquisition of Bitbank for 467 billion yen, creating the largest licensed crypto trading group with 292 million accounts and 1.1 trillion yen in custodial assets. Stablecoin business is progressing simultaneously—USDC, JPYSC, and RLUSD have all been approved by the FSA for listing, and Visa crypto payment cards are expanding into consumer scenarios. FIEA revisions and ETF legalization (2028 target) are accelerating market consolidation, and SBI's three-exchange merger provides a regulatory-driven model for scale consolidation among licensed institutions in the Asia-Pacific region.

08
June
US-based ICE and OKX establish a joint venture, OKXICE—an experiment with a 24/7 cross-market clearing system under a dual-license structure of registered broker and FCM.
US-based ICE and OKX establish a joint venture, OKXICE—an experiment with a 24/7 cross-market clearing system under a dual-license structure of registered broker and FCM.

纽约证券交易所母公司ICE与OKX于2026年6月成立50:50合资公司OKXICE，计划以美国注册经纪商（Broker-Dealer）和期货佣金商（FCM）双牌照架构运营，使OKX全球1.2亿用户接入NYSE代币化股票和ICE受监管期货市场。本文从牌照合规视角深度分析这一跨市场清算制度实验的制度挑战与对全球加密牌照格局的信号意义。

06
June

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