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FINRA says rules still apply in the metaverse
25.10.2024
The Financial Industry Regulatory Authority says brokers and dealers are increasingly experimenting in the metaverse
FINRA says rules still apply in the metaverse
25.10.2024
The Financial Industry Regulatory Authority says brokers and dealers are increasingly experimenting in the metaverse
FINRA says rules still apply in the metaverse
25.10.2024
The Financial Industry Regulatory Authority says brokers and dealers are increasingly experimenting in the metaverse
Dubai Regulator Increases Scrutiny on Crypto Companies
27.9.2024
Dubai’s Virtual Assets Regulatory Authority (VARA) has implemented stricter regulations for crypto companies to enhance investor protection and ensure transparency. The new rules require firms to include risk warnings in marketing materials, obtain necessary licenses, and adhere to compliance...
Onedegree, Dubai Insurance Launch Digital Asset Custodial Insurance for UAE Clients
14.9.2024
Onedegree, an Asian digital assets insurer, and its UAE partner, Dubai Insurance, have started offering digital asset custodial risk insurance to clients in the UAE. This new product, approved by the Central Bank of UAE, expands both companies’ product portfolio and offers a comprehensive...
Regulators Partner to Bolster UAE’s Crypto Hub Status
11.9.2024
United Arab Emirates (UAE) regulators, SCA and VARA, have signed a cooperation agreement to strengthen the country’s position as a virtual assets hub. The agreement outlines licensing requirements for VASPs, establishes mutual supervision mechanisms, and aims to foster a stable and regulated...
UAE Bank Launches VASP-Focused Accounts for Managing User Funds
1.8.2024
Commercial Bank of Dubai (CBD), a United Arab Emirates-based bank, has launched dedicated accounts for virtual asset service providers to manage client funds. CEO Bernd van Linder said the move aligns with CBD’s core banking services and supports the bank’s plans to foster the digital economy. VASP...
UAE residents can now trade crypto directly with their bank accounts
31.7.2024
The new integration enables the direct conversion of UAE dirhams into Bitcoin and Ether using M2’s spot market
Dubai’s VARA Aims to Facilitate Smaller Crypto Entities, Acknowledges Imperfections in Regulations
11.4.2024
Matthew White, CEO of Dubai's Virtual Asset Regulatory Authority (VARA), expressed the watchdog's commitment to easing the regulatory burden for smaller cryptocurrency entities.
The post Dubai’s VARA Aims to Facilitate Smaller Crypto Entities, Acknowledges Imperfections in Regulations...
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...
Deribit’s Dubai Unit Receives ‘Conditional’ Virtual Asset Service Provider License
3.4.2024
Deribit FZE, an entity owned by crypto derivatives platform Deribit, has secured a conditional virtual asset service provider from the Dubai virtual assets regulator. The license, which covers spot and derivative trading, will remain non-operational until Deribit meets the regulator’s localization...
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...
VARA’s CEO Predicts Boom in UAE Crypto Market Post FATF Grey List Exit
8.3.2024
Matt White, CEO of Dubai’s Virtual Assets Regulatory Authority (VARA), sees the Financial Action Task Force’s removal of the UAE from the grey list as a positive move, clearing the way for increased crypto-related investments.
The post VARA’s CEO Predicts Boom in UAE Crypto...
Crypto Lender Nexo Receives Initial Approval for Dubai License from VARA
5.3.2024
Dubai's Virtual Assets Regulatory Authority (VARA) has awarded a virtual asset service provider (VASP) license to Bulgarian decentralized lending platform Nexo.
The post Crypto Lender Nexo Receives Initial Approval for Dubai License from VARA appeared first on Cryptonews
Crypto Infrastructure Firm Aquanow Obtains VASP License in Dubai
13.2.2024
Canadian-based crypto infrastructure firm Aquanow acquired a Virtual Asset Service Provider (VASP) license from financial authorities in Dubai. In a Feb 12 announcement, Aquanow disclosed that it received the regulatory nod from the Virtual Assets Regulatory Authority (VARA) in Dubai to offer...
FINRA Claims Widespread Violations in Majority of Crypto Asset Communications
25.1.2024
Following an examination launched in November 2022, FINRA claims widespread potential violations in the way member firms communicate about crypto assets. FINRA Report Alleges Misinformation in Crypto Asset Marketing In a report released on Jan. 23, the Financial Industry Regulatory Authority...
70% of Crypto Asset-Related Communications Violate Rules: FINRA
24.1.2024
The U.S. Financial Industry Regulatory Authority (FINRA) has reported that approximately 70% of crypto asset-related communications reviewed in a recent targeted exam have failed to comply with its rules. According to a recent report by the FINRA, the examination launched in November 2022 involved...
Digital Asset Exchange OKX Obtains Retail License in Dubai – Here’s More
16.1.2024
Image Source: Adobe Cryptocurrency exchange OKX has received regulatory approval from Dubai’s financial authorities to offer retail virtual asset services to customers. In a statement on Jan 16, the company disclosed that its Dubai subsidiary has been granted a virtual asset service provider...
FINRA’s 2024 Report Highlights Emergence of Crypto-Related Compliance Risks
10.1.2024
Source: Adobe American self-regulatory body, the Financial Industry Regulatory Authority (FINRA), has added crypto considerations for companies to its annual oversight report, released Tuesday. ???? We've published the 2024 FINRA Annual Regulatory Oversight Report to share key insights...
UAE Authority Updates Anti-Money Laundering Measures to Implement FATF’s Travel Rule
21.12.2023
Image Source: Diana/Adobe Stock The Financial Services Regulatory Authority (FSRA), a financial regulatory body in the United Arab Emirates, has released an updated version of its Anti-Money Laundering (AML) and sanctions rules specifically tailored for digital assets. In an official announcement...