Dubai Cryptocurrency Traders’ Guide on Buying and Selling
Cryptocurrencies are not recognized as legal money in the United Arab Emirates, and the Central Bank of the UAE really hasn’t issued any licenses for their use. Cryptocurrency assets, meanwhile, are not restricted in any way and may be exchanged freely on dedicated markets.
Binance Asked to Provide More Information as Dubai Tightens Screws Against Crypto Entities
The collapse of the crypto exchange FTX prompted Dubai regulators to ask for more information from crypto license applicants such as Binance, a Bloomberg report has said. According to the April 5 report, officials from Dubai’s Virtual Assets Regulatory Authority (VARA) have in recent weeks told Binance, which already holds the minimal viable product license, to share more information concerning its ownership structure, governance, and auditing procedures.
Dubai Tightens Scrutiny of Crypto Permit Applicants, Including Binance, in Effort to Regulate Cryptocurrency Industry
Dubai is intensifying its scrutiny of crypto permit applicants, requesting additional information from companies like Binance on their ownership structure, governance, and auditing procedures.
Crypto.com Obtains MVP Preparatory License in Dubai
One week ago the Singapore crypto exchange announced that it had obtained a minimal viable product preparatory license from Dubai’s Virtual Asset Regulatory Authority.
Crypto Evening Briefing: More Than 80 Firms Express Interest in Establishing Presence in Hong Kong
As of end-February 2023, Invest Hong Kong has received expressions of interest from over 80 virtual asset-related Mainland and foreign companies in establishing their presence in Hong Kong.
Crypto.com Gets Closer to an Operational License in Dubai
Singapore-based crypto platform Crypto.com has received its minimal viable product (MVP) Preparatory License from Dubai’s Virtual Assets Regulatory Authority (VARA), the firm announced on Monday.
Crypto.com Secures MVP Preparatory License From Dubai’s Virtual Assets Regulatory Authority
The MVP Phase in its preparatory stage allows for approved licensees to fulfill all pre-conditions required to undertake MVP market operations within the VARA Regime.
Dubai Free Trade Zone Partners With South Korean Companies to Expand Web3 and Metaverse Business
The Dubai Multi Commodities Centre, one of the biggest free trade zones in the world, signed agreements with governments and companies in South Korea to bring more Web3 and metaverse businesses to the emirate. The objective of this move is to consolidate the status of Dubai as an international blockchain hub in the region.
Dubai’s Crypto Industry Welcomes New Licensing Regime Amid Global Regulatory Uncertainty
Dubai's crypto industry is thrilled the jurisdiction has finally unveiled its crypto regulatory framework, giving locals a concrete licensing regime for digital asset issuers and service providers.
Binance Announces the Full Agenda for Its Dubai Workshop
Binance recently announced the line-up and guest list for its Dubai Workshop. Sponsored by Gala Games, the workshop will be divided into three parts.
