ChainCatche news, the encrypted trading platform Legend Trading's subsidiary Legend Financial Ireland Limited has been approved by the Central Bank of Ireland as a Virtual Asset Service Provider (VASP). Additionally, Legend Trading is applying for a Crypto Asset Service Provider (CASP) license under the Markets in Crypto-Assets Regulation (MiCA). In Ireland, VASPs registered and operating before December 30, 2024, can continue their business under the transitional provisions set by MiCA while submitting their CASP authorization application.

ChainCatcher news, according to the official website of the Central Bank of Ireland, Ireland is promoting financial democratization through the European Markets in Crypto-Assets Regulation (MiCA). Derville Rowland, Deputy Governor of the Central Bank of Ireland, stated at the European Compliance and Legal Conference that Ireland is committed to promoting the application of cryptocurrencies under the premise of secure innovation, particularly the positive impact of blockchain technology in the fields of investment and infrastructure.The MiCA regulation introduces a unified regulatory framework for the cryptocurrency sector, regulating electronic money token issuers and crypto asset service providers. Rowland emphasized that Ireland will work closely with European regulators to ensure consistent implementation of the regulations and avoid regulatory discrepancies. At the same time, Ireland will promote financial inclusion and innovation by improving the business authorization process, consolidating its position in the rapidly growing crypto industry.

ChainCatcher news, the cryptocurrency exchange Crypto.com has announced that it has obtained approval from the Central Bank of Ireland to become a Virtual Asset Service Provider (VASP). This approval was granted after a comprehensive review of Crypto.com's compliance commitments, including its capabilities in anti-money laundering and counter-terrorism financing, and will enable it to further offer services in Ireland such as cryptocurrency exchange for fiat currency and fiat currency wallets.

ChainCatcher news, according to CoinDesk, the digital asset trading platform Zodia Markets, supported by Standard Chartered Bank, has obtained registration as a Virtual Asset Service Provider (VASP) from the Central Bank of Ireland. This registration will enable Zodia Markets to provide over-the-counter (OTC) and trading services to institutional clients.It is reported that the company obtained a similar license in the UK last year and received a license in Abu Dhabi last month, now having a licensed entity in the EU. With the upcoming implementation of the EU's Markets in Crypto-Assets Regulation (MiCA), it will, in principle, be easier for crypto companies licensed in one EU member state to obtain the necessary licenses to operate in the other 26 countries.Additionally, Ireland has become a popular destination for crypto companies, possibly due to its favorable tax regime. Coinbase designated Ireland as its EU hub earlier this month.

ChainCatcher news, cryptocurrency exchange Kraken has announced that it has obtained an Electronic Money Institution (EMI) license from the Central Bank of Ireland and registered as a Virtual Asset Service Provider (VASP) with the Bank of Spain.The EMI license obtained by Kraken's Irish subsidiary enables Kraken to collaborate with European banks to expand its euro fiat services.Additionally, Kraken's new VASP registration will allow it to offer cryptocurrency exchange and custody wallet services to residents of Spain.

ChainCatcher news, according to Cryptoslate, the cryptocurrency exchange platform Kraken has obtained a Virtual Asset Service Provider (VASP) license from the Central Bank of Ireland. Kraken stated that this approval demonstrates its compliance with strict anti-money laundering and counter-terrorism financing regulations, and added that the license is proof of its robust compliance. (Source link)

ChainCatcher news, according to Finextra, Coinbase has been approved by the Central Bank of Ireland to operate as a Virtual Asset Service Provider (VASP), which means Coinbase can offer products and services to individuals and institutions across Europe and internationally from Ireland.It is reported that Coinbase's operations in Ireland will be led by the newly appointed director Cormac Dinan. (Source link)