Licensing
Ripple says it has secured a major licensing approval in the European Union, a fresh regulatory win that could ease market access for XRP and Ripple’s payments services.
The UK Financial Conduct Authority will open applications in September 2026 for a new crypto licensing regime that takes effect in October 2027. Firms that don't secure authorization in time risk transitional limits on offering new services.
Indonesia’s OJK has granted official licenses to 29 digital asset and crypto trading platforms weeks after tightening rules, marking a key step in formalizing the sector. The move appears to clear a path for larger exchanges to consider entry or expansion.
Armenia’s parliament amended its new crypto law to postpone the licensing regime for digital asset service providers and lengthen the transition before cash-based crypto transactions are phased out.
Turkmenistan has passed legislation to legalize and regulate digital assets, requiring licences for cryptocurrency exchanges and mining firms, state media reported. The move aims to bring activity into a formal framework and give authorities oversight.
Universal Music Group, Sony Music and Warner Music Group have licensed their catalogs to AI-driven streaming startup Klay, Bloomberg reported, allowing users to remake songs with artificial intelligence. The deals signal major labels' willingness to experiment with AI-based music distribution and new revenue models.
On October 23, 2023, a new licensing regime for Crypto Asset Secondary Service Providers was proposed, aiming to regulate digital asset services more effectively.