The new service will enable investors in Dubai to seamlessly move their cryptocurrencies into fiat currencies
virtual asset service providers
Latest in virtual asset service providers
digital assets
XChain, VARA’s exclusive transaction monitoring partner, readies rollout for regional and global VASPs
VARA and XChain are working on a regulatory dashboard tool to advance the existing on-chain transaction monitoring standards for the region’s digital assets ecosystem
BitOasis
BitOasis secures full VASP license from Dubai’s VARA
The firm said it will transition to operating under its new license with immediate effect
BitOasis
BitOasis secures investment from India’s highest valued crypto exchange
This marks CoinDCX’s first investment in the MENA region
Cryptocurrency
Dubai crypto businesses to double in 2022 as global industry sees exponential growth: expert
There will be an explosion of Web 3.0 based start-ups, new jobs, and investment opportunities in the region, says Yoshi Markets’ Mustafa Kheriba
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
Abu Dhabi
Why the UAE can become “the global home of crypto” after Dubai’s new virtual asset law: expert
The application of Bitcoin into the financial capital markets is soaring. Protocols built on the blockchain are redefining how finance operates across debt, equity, hybrids, lending, and custody, the CEO of Hayvn Christopher Flinos said
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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