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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...
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 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 Lender Nexo Secures First Regulatory Victory in Dubai
5.3.2024
Nexo, a company offering digital asset services, has won initial approval as a licenced entity in Dubai from the region's Virtual Assets Regulatory Authority (VARA), it announced Tuesday
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...
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...
VARA’s New Leadership in Dubai Marks Next Phase of Crypto Regulation
21.12.2023
Source: AdobeStock / Grigory Bruev The hands-on approach by Dubai’s Virtual Asset Regulatory Authority (VARA) has enabled it to set a global precedent for regulator-industry cooperation, its executives said. All virtual asset service providers (VASPs) must obtain a license from VARA before...
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 Grants Climate-based AYA Platform Conditional VARA License
12.12.2023
Image Source: Pixabay Dubai’s financial regulator, the Virtual Asset Regulatory Authority (VARA) has issued a conditional operating license to AYA Platform, a web3 launchpad subsidiary of Enjinstarter. In a recent press release, the company disclosed the regulatory nod obtained by VARA to operate...
Ethereum-Based Fasset Secures Operational License in Dubai for Tokenized Offerings
1.12.2023
Source: fasset.ae Digital asset brokerage Fasset FZE has received a Virtual Asset Service Provider (VASP) license from the Virtual Asset Regulatory Authority (VARA) in Dubai, UAE. According to the press release, the operational license is the final stage in VARA’s approval process. It authorizes...
Digital Asset Investment Platform Fasset Wins Operational Licence in Dubai
30.11.2023
Fasset, a digital asset investment platform, has won the licence to operate in Dubai as a Virtual Asset Service Provider (VASP), allowing it to serve institutional investors, qualified investors and retail investors
Nine Blocks Relocates HQ to Dubai, First Crypto Hedge Fund to Obtain VASP License from VARA
27.11.2023
Nine Blocks Capital Management has become the first crypto hedge fund to obtain a Virtual Asset Management and Investment Services license from Dubai’s Virtual Assets Regulatory Authority (VARA), the company announced in a press release Monday. The next global hub Established in February...
Crypto Hedge Fund Nine Blocks Snags Dubai Digital Assets License
27.11.2023
UAE Virtual Assets Regulator Says Islamic Coin Issuer Has ‘Cooperated Fully’
25.11.2023
Bored Gen DMCC, the issuer of islamic coin, has cooperated fully with the Virtual Assets Regulatory Authority’s ongoing investigation into the token’s issuance and distribution. Bored Gen, however, still needs to “secure appropriate approvals” before it undertakes...
Head of Dubai’s Digital Asset Regulator Steps Down – What’s Going On?
16.11.2023
Image Source: Pixabay The head of Dubai’s cryptocurrency regulator, Henson Orser has left the role to pursue new interests amid looming domestic fines on digital asset companies for a breach of rules. According to a Bloomberg report Orser, who was the head of the Virtual Assets Regulatory Authority...
Dubai’s crypto regulator VARA switches leadership as it ramps up operations
16.11.2023
Outgoing head Henson Orser will remain a consultant after Matthew White takes over as the new CEO of Dubai’s Virtual Asset Regulatory Authority
Head of Dubai Crypto Regulator to Quit to 'Pursue Other Interests'
16.11.2023
Henson Orser, the CEO of VARA, Dubai's crypto regulator, is set to leave the job and will be replaced by a partner at PwC
Crypto Custodian Hex Trust Secures Full Operating License in Dubai for Institutional Services
15.11.2023
Source: Pixabay Institutional-grade crypto custodian Hex Trust has successfully obtained a full operating license from Dubai’s Virtual Assets Regulatory Authority (VARA), the firm announced today. This operating license represents the conclusive approval under VARA’s regulatory...
Crypto Custodian Hex Trust Obtains Full Dubai Operating License
15.11.2023
This final approval allows the firm to offer digital asset custodial services to institutional clients and sophisticated investors in Dubai
Crypto.com’s Dubai’s Subsidiary Secures License from VARA
14.11.2023
Source: Pixabay/Jan Vasek Singapore-based Crypto.com’s subsidiary has secured a Virtual Assets Service Provider (VASP) License from Dubai’s regulator for specified crypto service activities. CRO DAX Middle East, the exchange’s Dubai arm, received the license from Dubai’s Virtual Assets Regulatory...