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Techub News reports that South Korean cryptocurrency exchange Bithumb has announced the completion of an update to its Virtual Asset Service Provider (VASP) system, integrating the CODE travel rule solution. This move aims to enhance the platform's compliance with anti-money laundering and counter-terrorism financing regulations. The travel rule requires VASPs to share information about both parties involved in virtual asset transfers, and CODE is one of the solutions recognized by the Korea Financial Intelligence Unit (KoFIU). This update will help Bithumb process transactions that meet regulatory requirements more efficiently.
Techub News, Nasdaq-listed company Amber International Holding announced today that its Dubai subsidiary, Amber Premium FZE, has officially obtained a Virtual Asset Service Provider (VASP) license from the Dubai Virtual Assets Regulatory Authority (VARA). Michael Wu, CEO and Chairman of Amber Premium, stated that obtaining the VASP license is a significant milestone in the company's long-term regional strategy and will accelerate its mission to provide institutional-grade digital wealth infrastructure for clients in the UAE.
Techub News, according to CoinDesk, the Central Bank of Brazil has released regulatory details for virtual asset service providers (VASPs). Companies must obtain authorization from the central bank and meet capital requirements, with a minimum of 10.8 million reais, approximately $2 million. For certain business types, the requirement increases to 37.2 million reais, approximately $7 million. Overseas platforms serving Brazilian clients must establish a local entity to operate. The rules take effect from February 2026, with authorization and compliance required by November 2026 at the latest during the transition period. The new regulations include the buying and selling of fiat-pegged stablecoins, as well as the use of virtual assets for cross-border payments or settlements, under foreign exchange management. The single transaction limit for cross-border transfers with unauthorized counterparties is $100,000. Additionally, requirements for consumer protection, internal governance, and anti-money laundering/combating the financing of terrorism (AML/CFT) are fully applied to crypto businesses, and foreign transaction data must be reported as required.
Techub News, according to The Block, the Central Bank of Brazil has issued new regulations targeting virtual assets. Virtual Asset Service Providers (VASPs) must obtain authorization from the central bank to operate, with requirements from the financial industry such as consumer protection, internal governance, anti-money laundering, and counter-terrorism financing applying concurrently. The new regulations take effect in February 2026. The rules also clarify that the buying and selling of stablecoins pegged to fiat currency, as well as the use of virtual assets for international payments or settlements, will be managed as foreign exchange transactions. The authorization processes for relevant foreign exchange and securities intermediaries will also be incorporated into a unified framework.
Techub News reports, according to Bitcoin.com, the Central Bank of Brazil plans to advance regulatory provisions concerning the operations of institutional Virtual Asset Service Providers (VASPs) in the country by 2027. Antônio Marcos Guimarães, Deputy Head of the Central Bank's Supervision Department, stated that the relevant rules will be advanced during the 2026-2027 period, and the criteria for local operational authorization have been finalized. Approved institutions must report their business activities within 270 days. Additionally, the Brazilian Federal Revenue Service intends to impose a 3.5% tax on stablecoin fund flows. This move aims to close a policy loophole that previously allowed individuals and institutions to use stablecoins as a substitute for the US dollar for payments and cross-border remittances.
Techub News, Animoca Brands announced that it has obtained a Virtual Asset Service Provider (VASP) license from Dubai's Virtual Assets Regulatory Authority, allowing it to operate in the Emirate of Dubai (excluding the Dubai International Financial Centre) and provide virtual asset (VA) brokerage trading, management, and investment services to global institutional investors and qualified investors.
Techub News reports that the Italian Securities and Exchange Commission has issued an announcement stating that as the MiCAR regulatory transition deadline approaches, Virtual Asset Service Providers (VASPs) currently registered with the Italian Agents and Brokers Organization (OAM) must submit applications to transform into regulated Crypto-Asset Service Providers (CASPs) by December 30 if they wish to continue operations. If the relevant VASPs can submit a CASP operational license application to Italy or another EU member state (including at the group level) by December 30, they may continue operating until approval or rejection, but no later than June 30, 2026. Those not applying for CASP authorization must terminate operations by December 30, close all contracts, return user funds, and clearly disclose future operational plans or exit arrangements to users.
Techub News, according to CoinDesk, Plasma has acquired a VASP-licensed entity in Italy and is applying for further licenses under MiCA. Plasma plans to open an office in Amsterdam to expand its stablecoin payment business in the EU and also aims to obtain MiCA and EMI licenses as part of its European expansion plan.
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