Bitcoin News Today TheBitTimes.com

Cryptocurrency exchange Bybit has applied for a Virtual Asset Service Provider (VASP) license in Hong Kong, according to regulatory filings. Bybit has joined the list of 14 applicants seeking a license from the Securities and Futures Commission (SFC) to offer services in Hong Kong. According to the regulatory filing submitted on Jan. 31, Bybit wants to offer services in the region through Spark Fintech Limited. The timing and approval status of Bybit’s application by the SFC remains unclear, as other crypto businesses, including OKX, are still awaiting regulatory approval. Thus far, only two companies, OSL Exchange and HashKey Exchange, have received a crypto trading license from the SFC. As of press time, Bybit has not issued any public statements regarding the application. Bybit expressed interest in expanding services in Hong Kong in April 2023, when the Dubai-based crypto exchange outlined plans to establish its central Asian business there. As crypto .news reported, ...

Twitter has recently obtained money transmitter licenses in Michigan, Missouri, and New Hampshire, as confirmed by Nationwide Multistate Licensing System database records. The approved licenses, granted between June 29 and July 3, 2023, demonstrate Twitter’s commitment to meeting the regulatory requirements of these states. The social media platform intends to expand into the realm of payment services. While the licenses in Michigan and New Hampshire are called “Money Transmitter Licenses,” the one in Missouri is called a “Sale of Checks and Money Transmitter License.” However, this naming distinction results from state-specific terminologies rather than reflecting different planned services. NEWS: Twitter has finally secured its first money transmitter licenses in several US states. pic.twitter.com/gziiRgelYU — T(w)itter Daily News  (@TitterDaily) July 5, 2023 By acquiring money transmitter licenses, Twitter gains authorization to provide tra...