Tags: dubai

Ripple becomes the first crypto firm licensed by the DFSA, enabling regulated cross-border payments in the UAE’s $40B remittance market.

Last year, the same court disregarded a similar case because the plaintiff could not provide the value of the cryptocurrencies.

MAG and MANTRA will tokenize $500 million in UAE real estate, taking advantage of blockchain tech.

MANTRA’s token OM surged after partnering with UAE’s Zand to tokenize real-world assets under Dubai’s VARA regulations.

The transfer was sent via mBridge, a cross-border project introduced in 2021 by China, Hong Kong, Thailand, UAE in partnership with BIS.

Digital Asset Exchange OKX Obtains Retail License in Dubai – Here’s More

VARA’s New Leadership in Dubai Marks Next Phase of Crypto Regulation

Ghaf Capital managing partner Feras Al Sadek argued that the UAE’s “regulation by education” sets it apart from other jurisdictions.

The permit allows CoinMENA to provide retail and institutional customers in the United Arab Emirates with the ability to deposit and withdraw in UAE dirhams.

Dubai Grants Climate-based AYA Platform Conditional VARA License

AYA is a climate-focused launchpad that supports innovations around sustainability, such as reforestation, nature credits, mangrove conservation and sustainable agriculture.

Blockchain and crypto projects joined the Climate Change Conference in Dubai and unveiled initiatives focusing on contributing to the fight against climate change.

Ethereum-Based Fasset Secures Operational License in Dubai for Tokenized Offerings

Today in Crypto: $343,038,810 was Lost to Hacks and Fraud in November, a 15x Increase from October

Fasset has been granted a Virtual Asset Service Provider (VASP) license from regulators in Dubai, allowing it to perform broker-dealer services legally in the emirate.

While eToro received Financial Services Permission (FSP) approval for operating as a securities, derivatives, and crypto assets broker, M2 became a fully regulated Multilateral Trading Facility (MTF) and custodian.

Outgoing head Henson Orser will remain a consultant after Matthew White takes over as the new CEO of Dubai’s Virtual Asset Regulatory Authority.

Cryptocurrency exchange Crypto.com announced that its Dubai entity, CRO DAX Middle East FZE, obtained a Virtual Asset Service Provider (VASP) License from Dubai’s Virtual Asset Regulatory Authority (VARA). 

Institutional cryptocurrency custodian Hex Trust adds Dubai to its list of operational jurisdictions in addition to Hong Kong, Singapore, Vietnam, Italy and France.

The license is pending operational approval and allows Crypto.com’s Dubai entity to offer exchange, broker-dealer, and lending and borrowing services.

Ripple CEO Brad Garlinghouse discussed discouraging maximalists and factors that could drive further institutional adoption at the recent Ripple Swell event held in Dubai.