The company said the approval marks an important milestone in its growth plans in the region
regulatory framework
Latest in regulatory framework
Bitcoin
Embracing the crypto evolution: Institutional adaptation and the future of tokenized assets
The path to embracing the crypto evolution lies in a fundamental transformation of the ecosystem to meet institutional needs
Blockchain
Crypto to play ‘major role’ for UAE trade, says minister
A key area the UAE is looking to expand, is cryptocurrencies
Blockchain
UAE’s new law for virtual assets sector to trigger mass entry of global companies
The UAE Cabinet this week introduced a new regulation and an independent regulatory authority for virtual assets and virtual asset service providers – a move which marks the state’s first regulatory regime for the sector at the federal level
crypto assets
Crypto trading app OKX secures Dubai licence
The company hopes to participate in the UAE’s growing crypto ecosystem
cryptocurrencies
UAE and Singapore’s bets on cryptocurrency ‘seem promising’
The financial hubs are in a strong position thanks to their early adoption of cryptocurrency regulations and infrastructure says a leading European academic
binance
Cashing in on crypto: Bankers, lawyers switch careers as Dubai grows into global hub for digital currencies
This is not a blip or a bout of euphoria. Cities and markets that embrace this emerging sector will become what centres such as New York, London, and Hong Kong have been to traditional finance, the CEO of BitOasis said
binance
Dubai’s new virtual assets law will lead to “increased investments by firms already in the crypto industry”: expert
Dubai’s new virtual assets law is meant to provide a regulatory framework for businesses dealing with cryptocurrencies in various formats be it security tokens, DeFi projects and NFTs, an expert said
Arab female artist
Crypto, NFT artwork industry in Dubai receives “protection”, adoption boost with new virtual assets law: expert
Dubai’s new Virtual Asset Regulation Authority (VARA) will create an advanced legal framework to protect investors and design international standards to govern crypto, NFTs, and virtual assets
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anti-money laundering
Regulatory framework to address money laundering risks across virtual assets to be issued soon: SCA
The Securities and Commodities Authority is the sole authority in the UAE mainland – with the exception of the financial free zones, ADGM and DIFC – for licencing, supervising, and overseeing the virtual assets activities and services issued for investment purposes