virtual assets service providers (VASPs)

Auto Added by WPeMatico

UAE Bank Launches VASP-Focused Accounts for Managing User Funds

by

Commercial Bank of Dubai (CBD), a United Arab Emirates-based bank, has launched dedicated accounts for virtual asset service providers to manage client funds. CEO Bernd van Linder said the move aligns with CBD’s core banking services and supports the bank’s plans to foster the digital economy. VASP Accounts Align With Bank’s Vision Commercial Bank of … Read more

Nigerian Regulator Amends VASPs Rules; Threatens Enforcement Against Noncompliant Entities

by

The Nigerian securities regulator said on June 21 that it had amended the digital asset rules to expand their scope and introduced an accelerated process for onboarding virtual asset service providers. The Accelerated Regulatory Incubation Programme provides VASPs with insights into the Commission’s expectations before they fully commence operations. Regulator Threatens Enforcement Action Against Non-Compliant … Read more