The license allows the company to operate as a virtual asset broker-dealer and to serve retail, qualified, and institutional investors in and from Dubai
Virtual Assets Regulatory Authority (VARA)
Latest in Virtual Assets Regulatory Authority (VARA)
Cryptocurrency
Hex Trust launches fiat on/off-ramp services in Dubai
The new service will enable investors in Dubai to seamlessly move their cryptocurrencies into fiat currencies
BitPanda
Bitpanda secures VARA approval for UAE operations
The company secured the regulatory milestone in under eight months from its initial submission, positioning itself to launch operations as Bitpanda Broker MENA DMCC
CBUAE
New tax in the UAE; Lottery warning; Crypto trading in Dubai; Kuwait halts e-visas; Saudi to host 2034 World Cup – 10 things you missed this week
UAE tax, UAE Lottery, crypto in Dubai, Kuwait visas, Saudi World Cup and more top news stories this week
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
Cryptocurrency
Trading crypto in Dubai? What you need to know about the latest court ruling
Experts advise individuals engaging in crypto trading to regularly review updates to VARA and Securities and Commodities Authority regulations to ensure ongoing compliance
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
blockchain technology
Dubai digital asset venture Scintilla announces new upgrades to tokenisation engie
Post-acquisition, the company is to offer a comprehensive suite of services, including structuring, issuance, distribution, and listing to drive innovation in tokenizing real-world assets
crypto
Crypto.com handed licence to trade in Dubai
Crypto.com handed full operational approval from Dubai’s Virtual Assets Regulatory Authority
Dubai
Dubai’s VARA emerges as global leader in regulated virtual assets industry
One of VARA’s key priorities has been aligning its regulatory framework with international standards, particularly those outlined by the Financial Action Task Force (FATF)
Bitcoin
UAE, Saudi cash in on crypto activity as global market cools
As traditional markets struggle, the Gulf’s burgeoning crypto adoption suggests the tide is turning once more for digital assets, reflecting ongoing resilience in UAE and Saudi Arabia despite downturns
BitOasis
Dubai suspends BitOasis crypto license over regulation failure
The platform is currently being monitored for compliance and fulfillment of remedial actions
binance
Crypto refugees: UAE faces ‘historic opportunity’ as US crackdown on Binance, Coinbase fuels exodus
SEC crackdown on Binance and Coinbase prompts crypto firms to eye UAE as regulatory safe haven, say experts
Blockchain
UAE legal experts welcome crypto rules
Lawyers in the UAE back Virtual Asset Regulatory Authority to offer structure to world’s fastest growing crypto market
Cryptocurrency
Dubai’s VARA announces new crypto rules for 2023
Dubai’s Virtual Asset Regulatory Authority issues guidelines for crypto trading in the city
AB UAE Conference
UAE has been ‘proactive’ in positioning itself as a crypto hub: AB UAE Conference
The panellists talked about the need for crypto regulations, and how the UAE has unlocked ‘intelligent energy’
Blockchain
Crypto to play ‘major role’ for UAE trade, says minister
A key area the UAE is looking to expand, is cryptocurrencies