Coinbase Obtains License To Operate In Bermuda – April 20

📈 30 Second Cryptocurrency Price Summary

Current Bitcoin Price$28,447

Bitcoin price has fallen into the $28,000s over the last 24 hours, as a market-wide slump continues for crypto.

Top-20 altcoins also continue to slide, as Ethereum falls 2%, BNB drops 3% and Avalanche sees another 6% decline.

Top Stories for April 20, 2022 🔥

👉 Coinbase Obtains License To Operate In Bermuda

Coinbase has been granted a Class F license by the Bermuda Monetary Authority (BMA), allowing the US crypto exchange to operate as a digital asset exchange in Bermuda.

The move comes as part of Coinbase’s international expansion drive, and follows CEO Brian Armstrong’s indication that the exchange may consider moving out of the US if clear crypto regulation is not enacted.

Coinbase has not yet announced what services it will offer in Bermuda, but has recently hired a country director for Canada and signed a Pre-Registration Undertaking as a stepping stone to becoming a registered exchange there.

👉 Landmark MiCA Regulation Passes EU Parliamentary Vote

The European Union (EU) has passed the Markets in Crypto Assets (MiCA) regulation, which provides clarity on the scope and definitions of crypto regulation and hopes to attract digital asset businesses.

Under the regulation, crypto asset service providers with a license in one EU member state will legally have access to the entire EU market. Traditional finance firms can also choose licensed partners to work with when developing their crypto solutions.

The legislation will come into effect in July after being formally approved by the EU’s 27 member states.

👉 $1B Voyager–Binance.US Deal To Move Forward After Govt Agreement

Bankrupt cryptocurrency lender Voyager Digital Holdings has reached an agreement with the US government, allowing a $1 billion deal with Binance US to proceed.

The deal had been temporarily halted by a federal judge following an emergency request from the government, which had also requested a delay to the bankruptcy plan by two weeks.

Despite the government’s efforts to stop the deal, bankruptcy judge Michael Wiles had previously noted that delaying the deal would harm the interests of Voyager’s former clients waiting to receive funds.