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Crypto.com Wins Full License in Dubai, Expands Reach to Institutions
9.4.2024
Crypto.com announced Tuesday that its Dubai-based entity achieved full operational approval from the Virtual Assets Regulatory Authority (VARA). It will commence operational services by catering to institutional investors.
The post Crypto.com Wins Full License in Dubai, Expands Reach...
Crypto Exchange Deribit's Dubai-Based Unit Wins Conditional VASP License
2.4.2024
Obtaining the full VARA spot and derivatives license is an important next step in our efforts to raise the overall quality & governance standards of our platform, exchange's new CEO Luuk Strikers told CoinDesk
Deribit To Set Up Global HQ in Dubai As VARA Grants Conditional License
2.4.2024
Deribit, the world's largest crypto options exchange, said Tuesday that its Dubai-based subsidiary was granted a conditional virtual asset service provider license by the Virtual Asset Regulatory Authority (VARA).
The post Deribit To Set Up Global HQ in Dubai As VARA Grants Conditional License...
CZ’s Lawyers Push Back Against Flight Risk Claims, File Opposing Motion
24.11.2023
Defense attorneys for former Binance CEO, Changpeng Zhao, have legally pushed back against claims made by the government that he is a “flight risk” who should not be allowed to leave the country. Zhao’s incentive to stay In a court filing from November 23rd, representatives for...
Crypto Exchanges Including OKX, Bybit & Bitstamp ‘Working with Russian Arbitrators’ on Bankruptcy Cases
21.11.2023
Source: Oleg/Adobe One of Russia’s biggest banks says international crypto exchanges such as OKX, Bybit, and Bitstamp are “cooperating with Russian arbitration managers” in bankruptcy investigations. Per Vedomosti, the Sberbank enforcement and bankruptcy department chief Evgeny Akimov said that...
Former FTX Executives Collaborate on New Dubai-Based Crypto Exchange – Here’s the Latest
13.11.2023
Image Source: Pixabay A group of former FTX executives have joined forces to establish a new crypto trading platform based in Dubai. Led by Can Sun, the former general counsel of FTX, the startup is called Trek Labs and received a license from Dubai’s crypto regulator last month, according...
Bybit Announces ‘Imminent’ Listing of Paypal’s PYUSD Stablecoin
17.8.2023
According to the crypto exchange Bybit, the trading platform plans to list Paypal’s stablecoin soon. Amid Bybit’s announcement, Paypal’s PYUSD token has seen little movement as most of the supply is held by the contract and the Paxos Treasury. Dubai-Based Bybit Prepares to List...
Dubai-Based Illuminati Capital Raises $50 Million for Web3 and Gaming Investments
11.8.2023
The new Dubai-based crypto venture fund Illuminati Capital has raised $50 million for a fund that aims to invest in early-stage blockchain and Web3 gaming startups.
According to a report from VentureBeat, the hope with the new VC fund is to bring the founders’ experience from the blockchain...
FTX Seeks to Exclude Dubai Subsidiary From Ongoing Bankruptcy
3.8.2023
FTX Trading Ltd. filed a motion on Tuesday to dismiss its Dubai-based subsidiary, FTX Exchange FZE, from ongoing bankruptcy proceedings, citing the unit’s lack of operations and assets. Dubai’s FTX Exchange Faces Voluntary Liquidation After Motion to Dismiss From Parent Company In...
Bybit Halts US Dollar Deposits via Bank Transfer Due to Service ‘Outages’ From Partner
4.3.2023
On March 4, 2023, cryptocurrency exchange Bybit announced that it had suspended U.S. dollar deposits via bank transfer. Bybit cited “outages” from its partner as the reason for the suspension of USD deposits via bank transfers and the SWIFT network. Bybit Suspends USD Deposits, Wire...
Dubai-Based Virtuzone to Accept Crypto Payments via Binance Pay
29.8.2022
Virtuzone is joining a number of other UAE companies using Binance Pay for crypto payments
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...
Dubai Property Developer Completes Real Estate Deals Worth $50M via Crypto
4.6.2022
According to an executive with the Dubai-based DAMAC Properties, the real estate development “company has already succeeded in concluding real estate deals worth $50 million via cryptocurrencies since the beginning of this year.” The executive, however, says his company is facing...
Dubai-based Bybit Makes Move into Latin America With Launch of Brazil Operation
28.4.2022
Brazil is seen as a big prize, with a number of crypto exchanges eyeing the country in 2022
Dubai Café Accepts Cryptocurrency as Payment, Owner Hints at Paying Employee Salaries in Crypto
30.3.2022
Bake N More, a Dubai-based cafe, has become the latest company from the region to add cryptocurrency as a payment option. According to the company’s owner, Mohammad Al Hammadi, Bake N More hinted at possible plans to pay employee salaries in cryptocurrency as well. A Hub for Crypto Users...
Dubai Based Crypto Investment Fund to Convert $750 Million Worth of BTC Into ADA and DOT Tokens
26.2.2021
A Dubai based crypto-based investment fund, FD7 Ventures says it will offload bitcoins worth $750 million and will use the proceeds to increase positions in Cardano and Polkadot tokens. According to FD7 Ventures, this switch to the two altcoins will help the fund to better serve the interests...
Dubai-based licensing company adopts cryptocurrency payments
16.2.2021
KIKLABB has become the first state-owned entity in the United Arab Emirates to accept cryptocurrency payments
Monero Futures Begin Trading on Dubai-Based Crypto Exchange
1.11.2019
A Dubai-based crypto exchange bucks trend by listing Monero for futures trading