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Tether Secures Operating License in El Salvador, Expands Focus on Emerging Markets

Key Takeaways: Tether obtains DASP license in El Salvador, advancing cryptocurrency adoption in emerging markets. The license enables Tether to operate legally under El Salvador's Digital Assets Issuance Law. Relocation aligns with Tether's strategy for financial inclusion and promoting stablecoin solutions globally. Tether, the issuer of the largest stablecoin by market capitalization, has obtained a…

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MicroStrategy Expands BTC Holdings with 2,530 Bitcoin Worth $243M

Key Takeaways: MicroStrategy acquired 2,530 BTC for $243M, increasing its holdings to 450,000 BTC worth $28.2B. The purchase aligns with its strategy of leveraging bitcoin as a treasury asset since 2020. Recent equity sales generated $243M, reflecting its financial strategy amid growing institutional bitcoin adoption. MicroStrategy has announced the purchase of 2,530 bitcoins (BTC) for…

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Indian Exchange Mudrex halts crypto withdrawals till January 28, Cites Compliance Upgrades

Indian Exchange Mudrex halted crypto withdrawals on its platform citing ongoing Compliance Upgrades. Normal Operations on the platform are set to resume on January 28 and Indian Rupee withdrawals are not affected by the development.  Alankar Saxena, Founder of Mudrex announced the development giving details on the modalities involved and the motive behind the decision…

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HashKey Secures In-Principle Approval for Dubai VASP License

Key Takeaways: HashKey MENA received in-principle VASP approval from Dubai’s VARA, enabling cryptocurrency services in compliance with local regulations. The firm plans to expand across MENA, offering trading, custody, and other digital asset services, adhering to compliance standards. HashKey aims for a MiCA license in Europe, signaling global growth and strategic alignment with Dubai's regulatory…

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