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UAE’s central bank approves custodial risk insurance product for digital assets
12.9.2024
OneDegree executive Robin Scott told Cointelegraph that the insurance covers Web3 asset managers against the risk of losing customer funds.
StanChart-Backed Zodia Markets’ Co-Founder Applauds Abu Dhabi’s Crypto Regulators, Calls Out UK’s Lag
12.4.2024
Zodia Markets' co-founder, Nick Philpott, praised Abu Dhabi’s crypto regulations, emphasizing the “remarkable” degree of interaction with regulatory authorities in the region.
The post StanChart-Backed Zodia Markets’ Co-Founder Applauds Abu Dhabi’s Crypto Regulators, Calls Out UK’s Lag appeared...
Nexo Secures Preliminary VARA Approval to Launch Crypto Lending and Brokerage Services in Dubai
6.3.2024
On Tuesday, Nexo announced its Dubai entity, Nexo DWTC, had secured preliminary approval from Dubai’s Virtual Assets Regulatory Authority (VARA) to engage in virtual asset lending, borrowing, and broker-dealer activities within the UAE’s most populous city. Nexo Gains Initial VARA...
Crypto Exchange Binance Drops Abu Dhabi License Application as Global Needs Shift
9.12.2023
Crypto exchange Binance has withdrawn its application for a license in Abu Dhabi. “When assessing our global licensing needs, we decided this application was not necessary,” a Binance spokesperson stated, adding that the company plans to continue to work with regulators “to...
Abu Dhabi grants virtual asset firm M2 permission to offer crypto services
16.8.2023
M2 platform will launch later in 2023, allowing UAE-based retail and institutional clients to buy, sell and custody virtual assets
Binance eyes United Arab Emirates as ‘focal point’ for future operations
26.6.2023
Binance Dubai general manager Alex Chehade says there are plenty of good reasons why the UAE will become the world’s next major crypto hub
Abu Dhabi rolls out draft recommendations for NFT trading
22.3.2022
The emirate’s special economic zone might grant licensed exchanges the right to trade nonfungible tokens