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Tag: Receives

  • Coinbase Receives Official Registration as Canadian Restricted Dealer

    Coinbase Receives Official Registration as Canadian Restricted Dealer

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    Coinbase, the international cryptocurrency exchange, has
    achieved a milestone in its expansion efforts by becoming officially registered
    as a restricted dealer by the Canadian Securities Administrators. With
    this development, Coinbase has become the first international cryptocurrency
    exchange to be registered in Canada.

    The registration process, which has been in progress since
    March 2023, underscores Coinbase’s focus on regulatory compliance. Through
    close collaboration with Canadian regulators, Coinbase has worked to establish
    a policy framework.

    Brian Armstrong, CEO, Coinbase, Source: LinkedIn

    Coinbase’s CEO, Brian Armstrong, expressed appreciation for
    the efforts of Canadian regulators in bringing clarity to the cryptocurrency
    market. Additionally, Coinbase has engaged with Canadian banks, investment
    advisors, and pension funds to facilitate their successful navigation of the
    evolving digital asset landscape.

    A recent survey conducted by Coinbase in partnership with
    Angus Reid revealed that a significant majority of Canadians (72%) view the
    regulation of cryptocurrency exchanges as important. Furthermore, nearly a
    third of Canadians (29%) indicated that they would be more inclined to buy
    cryptocurrency if there were more regulations in place.

    Coinbase Continues Global Expansion with Canada Registration

    Canada is recognized as a significant market for Coinbase,
    known for its tech ecosystem and notable levels of cryptocurrency
    awareness among its population. The registration as a Restricted Dealer
    represents one of several steps taken by Coinbase to expand its presence in
    Canada, including the official launch in August 2023 and the establishment of a
    Canadian tech hub .

    The registration in Canada adds to Coinbase’s growing list
    of registrations in key countries, including France, Spain, Singapore, Italy,
    Ireland, and the Netherlands.

    Meanwhile, a federal judge in Manhattan has allowed the US
    Securities and Exchange Commission to proceed with a lawsuit against Coinbase,
    despite dismissing one claim. The decision sets the stage for a potentially
    lengthy legal battle, marking a notable development in the ongoing regulatory
    scrutiny of digital assets firms.

    Coinbase, the international cryptocurrency exchange, has
    achieved a milestone in its expansion efforts by becoming officially registered
    as a restricted dealer by the Canadian Securities Administrators. With
    this development, Coinbase has become the first international cryptocurrency
    exchange to be registered in Canada.

    The registration process, which has been in progress since
    March 2023, underscores Coinbase’s focus on regulatory compliance. Through
    close collaboration with Canadian regulators, Coinbase has worked to establish
    a policy framework.

    Brian Armstrong, CEO, Coinbase, Source: LinkedIn

    Coinbase’s CEO, Brian Armstrong, expressed appreciation for
    the efforts of Canadian regulators in bringing clarity to the cryptocurrency
    market. Additionally, Coinbase has engaged with Canadian banks, investment
    advisors, and pension funds to facilitate their successful navigation of the
    evolving digital asset landscape.

    A recent survey conducted by Coinbase in partnership with
    Angus Reid revealed that a significant majority of Canadians (72%) view the
    regulation of cryptocurrency exchanges as important. Furthermore, nearly a
    third of Canadians (29%) indicated that they would be more inclined to buy
    cryptocurrency if there were more regulations in place.

    Coinbase Continues Global Expansion with Canada Registration

    Canada is recognized as a significant market for Coinbase,
    known for its tech ecosystem and notable levels of cryptocurrency
    awareness among its population. The registration as a Restricted Dealer
    represents one of several steps taken by Coinbase to expand its presence in
    Canada, including the official launch in August 2023 and the establishment of a
    Canadian tech hub .

    The registration in Canada adds to Coinbase’s growing list
    of registrations in key countries, including France, Spain, Singapore, Italy,
    Ireland, and the Netherlands.

    Meanwhile, a federal judge in Manhattan has allowed the US
    Securities and Exchange Commission to proceed with a lawsuit against Coinbase,
    despite dismissing one claim. The decision sets the stage for a potentially
    lengthy legal battle, marking a notable development in the ongoing regulatory
    scrutiny of digital assets firms.



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  • Halal Crypto Platform MRHB DeFi Receives Investment from Australian Gulf Capital | by Bit Media Buzz | Dec, 2021

    Halal Crypto Platform MRHB DeFi Receives Investment from Australian Gulf Capital | by Bit Media Buzz | Dec, 2021

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    Bit Media Buzz

    Melbourne, Australia, December 17th, 2021 — Community-focused platform MRHB DeFi has received an investment from Australian Gulf Capital, a global investment management company, as part of the strategic venture round of the world’s first inclusive and ethical DeFi ecosystem platform.

    The funding from Australian Gulf (AG) Capital is not the first from the region, with the Islamic DeFi pioneer having received investments from institutions such as Blockchain Australia and other Aussie angel investors. The AG Capital investment presents further opportunity to expand MRHB DeFi’s presence and growth in this key market.

    “We are pleased to have an early-stage opportunity to support first-mover Marhaba in the development of their high-growth, disruptive venture in ethical and halal DeFi,” commented CEO and founder of AG Capital, Salman Masaud. “Our investments are typically focused on a company’s early funding stages when the product is nascent and the upside potential is the greatest. We expect to support the project by bringing our legal, consulting and investment banking expertise to assist the Marhaba team in launching their socially impactful vision.”

    The Australian PE/VC funds management company is also currently in the process of establishing a license under ADGM in the UAE, a key growth hub for MRHB DeFi, having recently signed a partnership with local partner Masary Capital to provide halal crypto solutions to the retail and institutional sectors in the UAE.

    “Australia Gulf Capital’s ethos of actively supporting startups who align with their ambitious growth vision makes them a strong partner for us,” said MRHB DeFi CEO Naquib Mohammed. “As we continue on our journey of building the world’s first ethical DeFi platform, it is this shared vision and support from amongst our family of investors and partners that will help transform our dream into reality.”

    MRHB DeFi: An Islamic Finance DeFi Pioneer

    MRHB DeFi was created to bridge a perceived gap — by providing excluded and crypto-cautious communities greater access to the growing opportunities and utilities of the cryptosphere. The project is underpinned by faith-based DeFi offerings which adhere to the ethical investment and financing principles rooted in Islamic Finance. Many values upheld by the halal platform also align with the United Nations Sustainable Development Goals. Business practices deemed ethical include those that avoid interest, usury, social exploitation as well as support sustainability, asset or utility backed financing, transparency and equitable risk-reward sharing. These principles have universal appeal far beyond the faith conscious community.

    With the Islamic Finance market sized at around USD 3 trillion of assets, bringing even a small portion of Shariah-sensitive liquidity into DeFi will represent a major boost to the total value of the DeFi sector worldwide.

    About MRHB DeFi

    MRHB DeFi is a halal, decentralized finance platform built to embody the true spirit of an “Ethical and Inclusive DeFi” by following faith-based financial and business principles, where all excluded communities can benefit from the full empowerment potential of DeFi.

    The diverse team comprises researchers, technocrats, influencers, Islamic fintech experts & business entrepreneurs, who came together to ensure that MRHB DeFi prevails in a manner that will impact society as a whole, essentially bridging the gap between the faith-conscious communities and the blockchain world.

    MRHB DeFi Official Channels

    Website: https://marhabadefi.com

    Twitter: https://twitter.com/marhabadefi

    Telegram: https://t.me/mdf_official

    Telegram Announcements: https://t.me/marhabadefi_ANN

    YouTube: https://www.youtube.com/channel/UCHuvZG9DbS5ffeoqLX_bERg

    Medium: https://medium.com/@mrhbdefi

    LinkedIn: https://www.linkedin.com/company/marhabadefi

    Facebook: https://www.facebook.com/MRHB-DeFi-105893235209147

    Telegram (Arabic): https://t.me/mdf_arabic

    Telegram (Russian): https://t.me/marhabadefi_russia

    Telegram (Turkish): https://t.me/MarhabaDefiTR

    About Australian Gulf Capital

    Australian Gulf Capital is a prominent global investment management company specializing in alternative investments and providing innovative world-class products and services. AG’s substantial and diversified investor base includes corporations, financial institutions, sovereign wealth funds, superannuation/pension funds, insurance companies, qualified high-net-worth investors, and family offices.

    Australian Gulf Capital’s business activities are distinguished by exceptional vigor and a profound understanding of clients’ needs and risk profiles. They have become the company of choice because of their insightful approach to creating partnerships with clients for sourcing and investing in attractive investment opportunities. Australian Gulf Capital employs high-caliber teams with diverse expertise and extensive experience.



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  • MRHB DeFi Receives Strategic Investment from Mozaic, New World Group’s Technology Investment Arm | by Bit Media Buzz | Oct, 2021

    MRHB DeFi Receives Strategic Investment from Mozaic, New World Group’s Technology Investment Arm | by Bit Media Buzz | Oct, 2021

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    Bit Media Buzz

    Mozaic focuses on investing in innovative tech companies seeking to re-invent their industry ecosystems — across emerging, growth and mature markets.

    London, United Kingdom — Oct 14th, 2021 — Community-focused DeFi platform MRHB DeFi has received a strategic investment from London-based investment platform Mozaic to support its transformative vision of bringing the value of the cryptoverse to financially excluded communities around the world. Mozaic is part of New World Group — a global diversified investment company with more than USD 2.5 Billion of group assets-under-management.

    The UK presents a key opportunity to nurture a financially inclusive cryptoverse and this investment is aimed at expanding the reach of MRHB DeFi beyond its core Asia and Middle East base to support the engagement of new UK users and communities who are seeking a more ethical and or faith-based approach to crypto market participation.

    “With a current market capitalisation of USD 2 trillion and growing — the crypto asset space represents an exciting growth opportunity for us and MRHB DeFi’s focus on ethical and inclusive finance resonates strongly with Mozaic’s investment thesis,” says New World Group Partner Sonny Gupta.

    “The strength and commitment of the MRHB team made them natural partners for our inaugural investment into the decentralised finance sector,” he adds.

    “Mozaic’s investment focus on robust and scalable technology businesses with a mindset of long-term value creation, made them natural partners for us as we build the world’s first ethical DeFi platform” says MRHB DeFi CEO Naquib Mohammed.

    “The UK represents a key strategic investor community for MRHB DeFi — and one which we hope to engage better with high quality institutional partners,” he also notes.

    MRHB DeFi was founded with a vision of providing greater access to excluded and cautious communities to the growing opportunities and utilities of the cryptoverse, and has a particular focus on delivering faith-based DeFi services which adhere to the ethical investment and financing principles rooted in Islamic Finance, many of which align with the United Nations Sustainable Development Goals. Such business practices include those that avoid interest, usury, social exploitation and other acts deemed unethical as well as support sustainability, asset/utility backed financing, transparency and equitable risk/reward sharing.

    With the Islamic Finance industry sized at around USD 3 trillion of assets, bringing even a small portion of Shariah-sensitive liquidity into DeFi will represent a major boost to the total value of the DeFi sector worldwide.

    The investment from Mozaic follows investments from Contango Digital Assets, NewTribe Capital, Sheesha Finance, Acreditus Partners and other institutional investors.

    About MRHB DeFi

    MRHB DeFi is a decentralised finance platform built to bring ethics to the DeFi space with an approach that supports the inclusion of faith-based and other excluded communities in addition to existing crypto-natives so that everyone can benefit from the full empowerment potential of DeFi to help build a true peer-to-peer financial and economic value system.

    Based on the tenets of blockchain such as trust, transparency, and security, MRHB DeFi has encapsulated universally applicable principles of Islamic Finance into those tenets of blockchain to render a suite of offerings that are also ESG compliant.

    The project is backed by a diverse and strong team with backgrounds spanning crypto, technology, faith-compliant investing, finance and seasoned institutional veterans of industry. The public sale offering will be in December. Register your interest and read more about MRHB DeFi’s Shariah Concept Paper, Lite and White Paper here.

    MRHB DeFi Official Channels

    Website: https://marhabadefi.com

    Twitter: https://twitter.com/marhabadefi

    Telegram: https://t.me/mdf_official

    Telegram Announcements: https://t.me/marhabadefi_ANN

    YouTube: https://www.youtube.com/channel/UCHuvZG9DbS5ffeoqLX_bERg

    Medium: https://medium.com/@mrhbdefi

    LinkedIn: https://www.linkedin.com/company/marhabadefi

    Telegram (Arabic): https://t.me/mdf_arabic

    Telegram (Russian): https://t.me/mdf_russia

    Telegram (Turkish): https://t.me/MarhabaDefiTR

    About New World Group & Mozaic

    New World Group is a global diversified investment company with offices in London and Kuala Lumpur. The firm builds, acquires, invests, and scales businesses focusing on long-term growth. New World Group adds value to its partners and portfolio companies through origination and execution to value realisation.

    New World Group and its businesses, including Mozaic, take a global perspective across sectors in which they act as investors, operators and business builders with offices and partners across the world’s most exciting, high growth markets. The company has made 15+ investments to-date and manages more than USD 2.5 billion across 25 countries.

    Learn more about New World Group by visiting its official website.



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