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Anchorage Digital has entered into a definitive agreement to acquire Mountain Protocol, the Bermuda-based issuer of the USDM stablecoin. The move comes as Anchorage Digital looks to expand its stablecoin offering amid growing institutional demand and evolving U.S. regulatory clarity. The financial details were not disclosed.
Alex Vollbrechthausen, investor and chairman of the board at FitBank FitBank, a conglomerate with technology and regulated entities in Brazil, Mexico and Central America, was founded in 2015 with a vision to transform the digital payments space, recognising the growing demand for efficiency through cutting-edge technology.
This move aims to enhance Ripple ‘s product offerings and explore new ventures like stablecoins while maintaining regulatorycompliance. money transmitter licenses, a Major PaymentInstitution License from the Monetary Authority of Singapore , and a Virtual Asset Service Provider registration with the Central Bank of Ireland.
Cryptocurrency exchange Bitstamp announced it has obtained an in-principle approval from the Monetary Authority of Singapore (MAS) to operate under the Major PaymentInstitution license. This regulatory milestone allows Bitstamp to offer digital payment token services in compliance with the Payment Services Act in Singapore.
A “compliance-first” approach underscores Ripple’s commitment to adhering to regulatory standards worldwide. The company has an extensive portfolio of licenses, including a New York BitLicense and a Major PaymentInstitution License from the Monetary Authority of Singapore , among others.
Decentralized finance company Ripple acquired Standard Custody & Trust Company, a firm that offers institutional-grade custody, escrow, and settlement platform for digital assets. The company and its subsidiaries have acquired a New York BitLicense, nearly 40 U.S. Ripple said the move serves two purposes.
“Institutions entering this space are finding success by partnering with compliant, crypto-native players and Ripple’s track record and resiliency speaks for itself, as we launch new products and acquire companies through multiple market cycles. In doing so, it expanded its license footprint to better serve enterprise customers.
Understanding Change in Control (CiC) A CiC, or Section 178 notice, involves acquiring control of an already authorised firm. A CiC takes place when a person or entity acquires more than 10% of a regulated firm, with 50% or more acquisition making one a ‘parent undertaking’ and a true controller of the firm.
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