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Bybit bags provisional crypto license from Dubai regulator
16.9.2024
The Virtual Asset Regulatory Authority (VARA) has granted Bybit a non-operational license to serve retail and institutional crypto investors in Dubai
Dubai Regulator Wants to Lower the Cost of Compliance for Small Crypto Firms
11.4.2024
While Dubai's regulatory rules were broadly welcomed, some firms worried about the expense
Bitcoin Exchange CoinMENA Receives Operating License From Dubai’s VARA
13.12.2023
Source: Pexels A subsidiary of the Bahrain-based Bitcoin exchange, CoinMENA FZE, has been granted a Virtual Asset Service Provider (VASP) license by Dubai’s Virtual Asset Regulatory Authority (VARA). This marks the seventh VASP license issued by the Dubai regulator. In a press release,...
Dubai Regulator Halts Sale and Distribution of Islamic Coin – What's Going On?
6.10.2023
The Dubai Virtual Assets Regulatory Authority (VARA) has taken action against Bored Gen DMCC (BG), a company involved in the distribution and marketing of Islamic coin (ISLM).
According to a VARA alert published on Wednesday, BG lacks the necessary authority to conduct the type of crypto-related...
Dubai Regulator Blocks the Sale and Distribution of Islamic Coin
6.10.2023
Dubai’s Virtual Assets Regulatory Authority (VARA) recently said the company distributing and marketing islamic coin (ISLM) lacks the authority to do so. VARA said Bored Gen DMCC must cease marketing activity until it obtains the appropriate approvals. The steps taken by the regulator came...
3AC founders fined by Dubai regulator over OPNX exchange
16.8.2023
OPNX CEO Leslie Lamb and executives Kyle Davies, Su Zhu and Mark Lamb were all issued a $58,000 fine for violating marketing regulations in the emirate
Dubai Regulator Deems Crypto Exchange Bitoasis’ License ‘Non-Operational’
12.7.2023
Cryptocurrency exchange Bitoasis’ license has been deemed “non-operational” by the Dubai digital assets regulator, the Virtual Assets Regulatory Authority. According to the regulator, VARA took the decisive step after Bitoasis failed to meet “mandated conditions within...
Dubai Regulator Suspends Crypto Exchange BitOasis' Conditional License
11.7.2023
BitOasis said it's working closely with the Virtual Assets Regulatory Authority to fulfil the conditions
Dubai Regulator Unveils Schedule of Fees for Virtual Asset-Related Activities
28.6.2023
The Dubai Virtual Asset Regulatory Authority (VARA) recently announced the schedule of fees “covering the issuance of no-objection certificates to proprietary traders, amendments or withdrawal of licence applications, and the submission of whitepapers for VARA review.” According...
Crypto Exchange Okx Gets MVP Preparatory License From Dubai Regulator
16.6.2023
Crypto exchange platform Okx Global has been granted the minimal viable product (MVP) preparatory license by the Dubai regulator, the Virtual Assets Regulatory Authority (VARA). The latest VARA license has been granted almost a year after Okx received the “provisional virtual assets...
Three Arrows Capital Founders Face Dubai Regulator's Scrutiny Over New Unregulated Exchange OPNX
3.5.2023
Dubai regulators are scrutinizing the co-founders of now-defunct crypto hedge fund Three Arrows Capital over their new unregulated digital asset exchange, OPNX.
On April 18, Su Zhu and Kyle Davies received a written reprimand from Dubai's Virtual Assets Regulatory Authority (VARA) for promoting...
Today in Crypto: Poloniex to Pay $7.6M in Settlement with US Authority, Complaint Alleges Coinbase Violated Illinois' Biometric Information Privacy Act, 3AC-founders’ OPNX Reprimanded by Dubai Regulator
2.5.2023
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________...
Read More: Today in Crypto: Poloniex to Pay $7.6M in Settlement with US Authority, Complaint Alleges Coinbase Violated Illinois'...
Dubai regulator demands Binance provide info on ownership, governance: Report
5.4.2023
According to Bloomberg, the Dubai crypto regulator is also seeking similar details from other global crypto players
Crypto.com gets MVP preparatory license from Dubai regulator
20.3.2023
After completing the preparatory stage and obtaining the operational license in Dubai, Crypto.com plans to provide a comprehensive range of institutional services in compliance with regulatory requirements
Dubai Regulator Announces Virtual Assets Marketing and Advertising Guidelines
29.8.2022
The Dubai virtual assets regulator, the Virtual Asset Regulatory Authority (VARA), has unveiled digital assets marketing and promotion guidelines that are applicable to any entity using Dubai-based media sites and publishing channels. The guidelines will “ensure factual accuracy, explicitly...
Huobi Becomes Latest Crypto Exchange to Receive Provisional Approval From Dubai Regulator
24.7.2022
Huobi recently became the latest cryptocurrency exchange platform to be granted provisional approval by the Dubai Virtual Assets Regulatory Authority, a statement from the company has said. The provisional approval allows Huobi to offer virtual asset exchange products and services...
Dubai Regulator Grants Crypto Trading App OKX License to Extend Services in the UAE
19.7.2022
The Seychelles-based crypto trading app, OKX, recently became the latest virtual assets service provider to be granted a provisional licence to provide its services in the United Arab Emirates (UAE). The provisional licence allows OKX to extend certain exchange products and services...
Dubai Regulator: Three Arrows Capital Isn’t Registered Here
24.6.2022
The Dubai Financial Services Authority says the embattled crypto fund has not set up shop in the Emirate, despite stated plans
Dubai regulator announces new regulations for investment tokens
26.10.2021
The UAE continues to be one of the most friendly jurisdictions worldwide for the digital asset industry