Category: Dubai
Crypto.com Receives Approval to Trade Crypto in Dubai
Crypto.com has now become one of the biggest entities based in Dubai offering crypto trading services. Investors based in Dubai have become the first ever…
Crypto Derivatives Platform Deribit Moves to Dubai After Acquiring VARA License
Derivatives exchange Deribit reportedly secured a VARA license recently as per a new Cointelegraph article. Following the license, the firm announced that it is shifting…
Ireland Regulator Grants Ripple VASP License: What To Know
Per reports, Ripple Lab’s Ireland subsidiary, Ripple Market Ireland Limited, has secured a virtual asset service provider (VASP) license. As a registered VASP, the crypto…
Coinbase’s CFTC Probe Will Incorporate Bybit: Here’s Why
The ongoing regulatory scrutiny of the US crypto landscape has taken a significant twist after Coinbase received a subpoena from the Commodity Futures Trading Commission….
Oman Unveils $350M Crypto Mining Facility To Boost Economic Growth
The oil-rich Sultanate of Oman has launched its second crypto-mining center in just over ten months. The crypto mining facility is part of the country’s…
Dubai’s VARA Issues Enforcement Action Against BitOasis
Dubai’s Virtual Asset Regulatory Authority (VARA) has issued an enforcement action against BitOasis, one of the Middle East’s leading crypto trading platforms. The crypto regulator…
Three Arrows Capital (3AC) Generates $2.5M In NFT Sales
The Singapore-based Three Arrows Capital is still in bankruptcy proceedings and reportedly owes its creditors an estimated $3.5 billion. However, the bankrupt crypto hedge fund…
Dubai’s VARA Probes Founders Of Defunct Crypto Hedge Platform
Reports suggest that Su Zhu and Kyle Davies were reprimanded by the Virtual Assets Regulatory Authority (VARA) in Dubai for promoting OPNX without the required…
OKX Expanding to Australia, Cites High Demand for Cryptos
On March 29, the second-best crypto exchange by trading volume, OKX, announced plans to pursue the Australian market. Based on the OKX observation, the Australian…
Crypto.com Receives MVP Preparatory License from Dubai’s VARA
On Monday, Crypto.com, a crypto exchange firm, announced in a blog post that it has reviewed an MVP (minimal viable product) preparatory license from the…
Dubai has a New Regulatory Framework for Crypto Firms
On Thursday, Dubai’s Virtual Assets Regulatory Authority (VARA) announced a new rulebook meant to regulate the crypto industry. This move forms part of Dubai’s wider…
Dubai Government Rolls Out KYC Blockchain Platform
The government of the United Arab Emirates’ city Dubai has just rolled out a Know-to-Your Customer Blockchain Platform according to the article report shared by…
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