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Scallop obtains MSB license to operate in Canada

London, England, 12th January, 2022 - Scallop has acquired a money services business (MSB) license from the Financial Transactions and Reports Analysis Centre (FINTRAC). The Canadian MSB license issued by FINTRAC allows Scallop Fintech Inc (Scallop Group Limited’s Canadian corporation subsidiary) to conduct money transfers and be a dealer for foreign

Aave Arc launches, with Fireblock as the first whitelister

In a recent report, Aave protocol has announced the launch of Aave Arc, a permissioned version of the famous DeFi lending platform Aave.  Furthermore, Aave Arc's first whitelister is Fireblocks, an institutional crypto custody firm. The permissioned platform was first introduced by Aave mid-last year.   The platform is designed for