BLOCKCHAIN.COM RECEIVES REGULATORY APPROVAL FROM THE SINGAPORE’S CENTRAL BANK |1300 HKT | 0600 UKT | 14 OCTOBER 2022
The Luxembourg-based cryptocurrency exchange Blockchain.com has reportedly obtained preliminary approval from the Monetary Authority of Singapore (MAS) to provide Digital Payment Token services in the country. This decision comes two days after the central bank’s in-principle approval of crypto exchange Coinbase to provide crypto services in Singapore. Peter Smith, CEO and co-founder of Blockchain.com, commends that the MAS provides a transparent regulatory process for the crypto industry in the country.
RIO DE JANEIRO BECOMES THE FIRST BRAZILIAN CITY TO ACCEPT CRYPTO FOR PAYING TAX |1300 HKT | 0600 UKT | 14 OCTOBER 2022
Rio de Janeiro, which is the second largest city in Brazil, has reportedly accepted the taxpayers in using digital assets to pay property taxes. The city is now looking for crypto companies to provide this payment service starting next year, provided that they are registered with the city and are in compliance with the requirement of the Brazilian Securities and Exchange Commission. It is believed that more than one digital asset could be used to settle the payment and there will be more categories of tax that could be paid by digital currency in the future.
COINSQUARE OBTAINS IIROC’S APPROVAL FOR ITS MEMBERSHIP AND INVESTMENT DEALER REGISTRATION | 1300 HKT | 0600 UKT | 14 OCTOBER 2022
The Investment Industry Regulatory Organization of Canada (IIROC) has reportedly granted approval to the crypto trading platform Coinsquare for its membership and investment dealer registration. Coinsquare believes that it will boost the client’s confidence in dealing with an IIROC registrant through an understanding that it operates at the highest level of dealer compliance and oversight under the existing regulatory system. In Canada, all crypto exchanges are required to register or at least apply to IIROC in order to operate in the country.