Fintech News

JANUARY 24, 2024

Each license allows the holder to conduct multiple specific payment services. Data from MAS’ Financial Institutions Directory show that as of August 01, 2022, 231 Money-Changing, 13 Standard Payment Institutions, and 175 Major Payment Institution licenses had been issued. It claims 50 million customers.

Service Provider 98

Service Provider Cryptocurrency Payments Institute Stablecoins 98

Neopay

JULY 18, 2024

NFT Money Laundering: In 2021, laundering through NFTs reached $1.377 million, a 231% increase from the beginning of the year. Industry-Specific Statistics Payment Institutions: In 2022, about 68% of European anti-money laundering supervisors identified significant risks in the payments industry.

Money Laundering 52

Money Laundering AML Crime Cryptocurrency 52

The Fintech Times

OCTOBER 10, 2024

Qualified and institutional investors who meet specific criteria will also have access to derivatives trading. To qualify as ‘qualified’ investors, individuals must pass a knowledge test, a suitability assessment, and provide proof of having AED 500,000 in liquid assets.

Risk Management 52

Risk Management Cryptocurrency Legal Framework Blockchain 52