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Bitbuy secures regulatory approval as marketplace and investment dealer

Canadian crypto exchange platform Bitbuy Technologies Inc. says it has received approval from Canadian regulators to operate as a “registered marketplace” and “investment dealer” for cryptocurrency assets.  Announcing the news on Wednesday, Bitbuy said the regulatory nod came from both the Ontario Securities Commission (OSC) and the Canadian Securities Administrators (CSA). Bitbuy says it is the first Canadian crypto firm to be both a registered marketplace and investment dealer, as opposed to other platforms that have only received licenses to …

SK Telecom spinoff buys 35% stake in local crypto exchange Korbit

SK Square, a non-telecoms investment subsidiary of South Korea’s largest wireless carrier Sk Telecom, has invested 90 billion won (about $75 million) in crypto exchange platform Korbit. According to a statement from the company quoted by Korea JoongAng Daily, SK Square is looking to grow its net asset value by holding Korbit shares. Korbit is one of the “big four” South Korean crypto exchanges alongside Bithumb, Upbit, and Coinone. Following the investment, SK Square now owns a 35% stake in …