Bitrue has received VASP approval in Lithuania to offer crypto exchange services. The company aims for EU expansion by pursuing the Markets in Crypto-Assets license. Lithuania plans regulatory changes to reduce the presence of crypto firms in the country.

Crypto exchange Bitrue has announced its successful registration as a Virtual Asset Service Provider (VASP) in Lithuania, a significant step that allows the Singapore-based platform to offer both crypto exchange and custody services in the European country. This approval, granted by Lithuania’s Financial Crime Investigation Service, Finansinių nusikaltimų tyrimo tarnyba, underscores Bitrue’s commitment to adhering to regulatory compliance and anti-money laundering standards. Adam O’Neill, Bitrue’s Chief Marketing Officer, emphasized the importance of regulation in fostering a legitimate cryptocurrency industry. He stated, “Regulation is a vital component towards the development and legitimization of the cryptocurrency industry, and we commend Lithuania for being a shining example of how to guide and encourage companies in this space to flourish within national frameworks.” O’Neill also welcomed potential legislative developments globally, expressing confidence that such measures would enhance trust in web3 businesses and improve the overall safety of the industry. Bitrue eyeing MiCA Crypto-Asset Service Provider license The Lithuania approval comes at a pivotal time as Lithuania is set to reassess its stance on the crypto industry. Recently, Simonas Krėpšta, a board member of the Bank of Lithuania, revealed plans for a regulatory overhaul intended to reduce the presence of crypto firms in the country. Krėpšta noted that the crypto industry has “failed in a lightly regulated environment,” citing substantial evidence of failures and embezzlement cases from the U.S. and other European nations. The VASP registration in Lithuania aligns with Bitrue’s long-term ambitions as the company aims to pursue the Markets in Crypto-Assets (MiCA) Crypto-Asset Service Provider license. The MiCA Crypto-Asset Service Provider license would facilitate the platform’s expansion across the European Union and the European Economic Area under the new regulatory framework. While the company has not disclosed a specific timeline for this endeavour, it has committed to providing updates on its progress. As the regulatory landscape evolves, Bitrue’s approval marks a proactive step in navigating the complex world of cryptocurrency compliance and operations.

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Vantard is a new project offering access to an index of the top Solana meme coins. The project’s token sale is ongoing, with VTARD attracting a lot of investor attention. World Financial Liberty, the project by Donald Trump, recently raised $14 million in a token sale and is eyeing a stablecoin.

World Liberty Financial, the crypto project backed by Donald Trump, is eyeing further traction in the market with a stablecoin venture. Trump has garnered a lot of attention as a pro-crypto candidate, and tokens related to him, including several meme coins, are performing well amid anticipation of his potential election victory in November. But as traders position with likely gems, a new investment opportunity has surfaced and it’s creating a massive buzz. That project is Vantard (VTARD), the world’s first decentralized meme coin index fund. World Liberty Financial to launch stablecoin On Oct. 28, reports indicated that World Liberty Financial, a decentralized finance project that raised $14 million in its WLFI token sale, is looking to launch its own stablecoin. The news comes on the back of Paxos co-founder Rich Teo joining the World Liberty project to help with the said stablecoin’s development. Paxos itself has launched multiple stablecoins, including the recently unveiled yield-bearing US-pegged token Lift Dollar (USDL). Stablecoins as an industry is also massive today, with a market cap of over $177 billion. Dominant in the space are Tether’s USDT and Circle’s USDC. However, other players looking to make a mark are PayPal with its PayPal USD (PYUSD) and Ripple with its RLUSD. World Liberty Financial’s entry also comes amid increased focus on stablecoins, with stringent rules in the EU’s MiCA and elsewhere. The US regulatory space is also focused on proper regulation of the industry, and a potential Trump win could raise issues if he’s to have a voice on legislation likely to have a bearing on the project he launched. WLFI and the stablecoin launch may therefore be key aspects of the Trump crypto project to watch in coming days and months. What is Vantard (VTARD)? Vantard is a new project that seeks to offer a simple investment opportunity for meme coin lovers – particularly Solana based meme coins. With the SOL meme market currently valued at over $11 billion, there are several top projects likely to explode amid a resurgence for the market. Vantard’s Meme Index Fund offers a basket of the very best of Solana meme coins. This includes blue chips like dogwifhat, Bonk and Popcat, and new outperformers Goateus Maximus and Moo Deng. The VTARD token is the utility token of the Vantard platform that brings the index to users. The fund will invest in the meme coins – with regular rebalancing. Moreover, the fund will distribute profits to VTARD holders. Access to this token is currently available in a presale that launched on Oct. 24. Crypto investors buy VTARD After hitting the market with a pre-seed round that swiftly raised $500k within three hours, VTARD has stormed through the next stage as the frenzy builds up. In its latest round, the Vantard seed round has hit $200k. With the next stage seeing VTARD price increase from $0.00011 to $0.00012, buying now may offer a better deal. Interested investors keen on the meme supercycle can buy VTARD with USDC. More information about the project and how to join the token sale is available on the official Vantard presale page.

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