News & Events
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Crypto.com wins Dubai licence
Crypto.com’s Dubai-based entity, CRO DAX Middle East FZE, has secured a Virtual Assets Service Provider (VASP) license from Dubai’s Virtual Assets Regulatory Authority (VARA), pending operational approval. This license, once finalized, will enable Crypto.com to provide a range of services, including exchange, broker-dealer, and investment, as well as lending and borrowing services to both retail and institutional investors in the Dubai market. The regulatory move comes as Dubai aims to position itself as a global hub for the virtual asset sector and diversify its economy.
Read the original article here: https://www.financialexpress.com/business/digital-transformation-crypto-com-wins-dubai-licence-3306529/
Royal Canadian Mint unveils King Charles III coins on his birthday
The Royal Canadian Mint has revealed commemorative coins featuring the likeness of King Charles III in celebration of his 75th birthday. The intricate process involved soliciting design concepts from over 350 artists and Mint engravers, with the winning design by Canadian portrait artist Steven Rosati receiving the necessary approvals. The engraving and tooling phase was followed by coin production, and a limited number of 2023-dated coins bearing King Charles III’s effigy will enter circulation in early December. Despite the transition in monarchs, existing “Queen” coins are expected to circulate for over 20 years due to their lifespan.
Read the original article here: https://www.canindia.com/royal-canadian-mint-unveils-king-charles-iii-coins-on-his-birthday/
Yellow Card is the first Fintech in Africa to launch PayPal USD (PYUSD)
Yellow Card achieved a historic feat in the African crypto landscape by becoming the first Fintech on the continent to introduce PayPal USD (PYUSD). This groundbreaking stablecoin, issued by Paxos, is poised to revolutionize digital financial transactions between Africa and the United States. The move aligns with the surging crypto adoption in Africa, experiencing a remarkable 1200% growth from 2020 to 2021, reaching $106 billion. Yellow Card is an emerging fastest-growing cryptocurrency company in Africa with a presence in 20 countries and remains a driving force in fostering rapid crypto growth across the continent.
Read the original article here: https://www.africa-newsroom.com/press/yellow-card-is-the-first-fintech-in-africa-to-launch-paypal-usd-pyusd?lang=en
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