Articles with tag: licences

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Estonia revokes crypto businesses licenses to crackdown on illicit financial flows

News | Cryptocurrencies | 16 Jun 2020

Following a USD 220 billion money-laundering scandal involving Danske Bank, Estonia has cancelled 500 cryptocurrency companies’ licenses, as part of a crackdown on illicit financial flows.

AML, crypto, Estonia, Danske Bank, crypto licences, regulators, AML, fraud prevention

Ecommerce project Dubai CommerCity to open by the end of 2020

News | Ecommerce | 26 May 2020

The Dubai CommerCity project, a free trade zone for ecommerce that aims to be a hub for online retailers, has been scheduled for opening by the end of 2020.

UAE, Dubai CommerCity, ecommerce, Dubai Airport Freezone Authority, Dafza, Wasl, DED Trader licences, online shopping, free trade zone, COVID-19

ZA bank, a Hong Kong-based online-only bank, starts operating

News | Online & Mobile Banking | 24 Mar 2020

ZA bank, a Hong Kong-based online-only bank, has begun operating. 

Hong Kong, online banks, banking licences, Ant Financial, Standard Chartered, Tencent, HSBC, Bank of China, virtual banking,

Electronic money and payment institutions on the rise in Lithuania

News | Payments General | 20 Mar 2020

At the end of 2019, a total of 115 electronic money (EMI) and payment (PI) institutions operated in Lithuania.

electronic money, payment institutions, Bank of Lithuania, payments, licences, study, Lithuania

Singapore to licence neobanks and wholesale banks

News | Payments General | 11 Mar 2020

Singapore’s regulatory authority has announced that in June 2020 they will issue operational licences to three neobanks in order to provide better services to underbanked enterprises.

digital banking, Singapore, fintech, MAS, Ant Financial, TikTok, licences, neobanks, Monetary Authority of Singapore

Singapore to issue digital banking licenses to non-banks

News | Payments General | 03 Jul 2019

Monetary Authority of Singapore has announced it will issue five digital bank licenses to non-bank company to strengthen competition in financial services.

Monetary Authority of Singapore, banking licences, fintech, non-bank, Singapore, Malaysia, Asia, APAC, digital banking licence, e-wallet, digital wholesale bank, retail bank

Revolut secures Singapore and Japan licences

News | Payments General | 30 Nov 2018

Challenger banking service Revolut has secured licences in Singapore and Japan for planned launches in 2019.

Revolut, Singapore, Japan, licences, digital banking, Monetary Authority of Singapore, Financial Services Agency of Japan