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Crypto Firms in Dubai Have Until Nov. 17 to Clear all Licensing Requirements: VARA
7.11.2023
Source: Pixabay Dubai’s Virtual Asset Regulatory Authority (VARA) has set a new deadline for all crypto-related businesses to clear their licensing papers. VARA, the license issuing authority for crypto firms, wants all digital asset service providers to get licenses by November 17. According...
Metaverse projects failed on lack of correct business model: MetaMinds CEO
6.11.2023
As the metaverse loses its appeal to some global tech leaders, MetaMinds Group CEO Sandra Helou argues that failures in metaverse initiatives resulted from the lack of proper business models
Dubai Financial Authority Approves XRP as ‘Recognized Crypto Token’
4.11.2023
Dubai’s financial regulator, the Dubai Financial Services Authority, has approved XRP as a recognized crypto token for use within the Dubai International Financial Centre (DIFC), a special economic zone. “Licensed virtual asset firms within the DIFC will now be able to incorporate...
Abu Dhabi pioneers DLT regulation for DAOs and Web3 innovations
3.11.2023
Abu Dhabi aims to become a crypto hub alongside Dubai, in a move that's part of a larger goal to foster initiatives in the broader blockchain and digital asset realm
Dubai Financial Services Authority Adds XRP and Toncoin to List of Recognized Tokens
3.11.2023
The Dubai Financial Services Authority (DFSA) has expanded its recognition of digital assets, adding Ripple (XRP) and Toncoin (TON) to its list of officially recognized tokens. This development underscores the DFSA’s commitment to creating a conducive regulatory environment for digital...
XRP, TON win approval in Dubai International Financial Centre free trade zone
2.11.2023
The new tokens join the ranks of BTC, ETH and LTC for use by the 4,000-plus companies located in the zone, which is considering new legal measures as well
Dubai Moves Forward with Crypto Adoption as WadzPay Secures VARA Initial Approval
2.11.2023
  On October 31, the Dubai Virtual Assets Regulatory Authority (VARA) gave “Initial Approval” to WadzPay signifying a noteworthy stride towards broadening crypto adoption in Dubai. The approval is part of WadzPay’s progress toward achieving a comprehensive Virtual Asset...
Dubai VARA grants 'initial approval' to crypto firm WadzPay
2.11.2023
The license allows WadzPay to begin preparing to provide virtual asset services and activities under the VASP License for Transfer and Settlement and Broker/Dealer activities
iFX EXPO Dubai 2024 – What’s new and why you need to attend
2.11.2023
Coming this January 16-18 at the Dubai World Trade Centre, iFX EXPO Dubai 2024, the industry’s biggest expo series, will showcase a new emphasis on the B2C trading space. This includes the freshly launched Traders Arena and Lounge, an exclusive environment for traders to integrate themselves...
Web3 wallet Backpack to launch VASP-licensed crypto exchange in Dubai
31.10.2023
The Backpack exchange has bagged operational licenses across several jurisdictions worldwide over the past five months, according to the company announcement
Web3 Wallet Backpack Launches Registered Crypto Business in Dubai
31.10.2023
Backpack , an all-in-one Web3 wallet, has become the latest to receive a Virtual Asset Service Provider (VASP) license in Dubai. The approval will enable Backpack to launch a regulated cryptocurrency exchange service in the city. Per the company’s press release, Backpack Exchange is set...
Microbt Debuts M60 Series in Dubai; Bitcoin Mining Rigs Boast 18.5 J/T Efficiency
25.10.2023
During the Blockchain Life 2023 event in Dubai, Microbt rolled out its latest Whatsminer M60 series, which boasts an efficiency rating of 18.5 joules per terahash (J/T). Whatsminer M60 Series Showcased in Dubai On Tuesday, at the Blockchain Life 2023 conference in Dubai, Microbt showcased three...
OpenAI partners with G42 in Dubai eyeing Middle East expansion
18.10.2023
The two companies said they plan to use OpenAI’s models in industries in which G42 has connections and experience, such as energy, finance, healthcare and public services
U.S. Crypto Regulatory Fog Keeps Standard Chartered Rooted in UAE, Asia
18.10.2023
Standard Chartered chose Dubai to launch crypto services from. However, reading between the lines, almost anywhere is preferable to the U.S. – that’s the message coming from banks and large institutions
Middle East regulatory clarity drives crypto industry growth — Binance FZE head
18.10.2023
UAE, Dubai and Bahrain continue to attract major cryptocurrency exchanges and businesses due to their progressive regulatory approaches
Solana Foundation enters DMCC Crypto Center in Dubai
16.10.2023
DMCC Crypto Center has announced that the Solana Foundation has officially joined its ecosystem. This will enable a large number of companies to build and scale their projects in the Web3 industry, specifically in Dubai. The Solana Foundation brings with it all the key elements of business...
World Blockchain Summit Dubai: Igniting innovation, forging alliances, and revolutionizing the digital landscape
16.10.2023
With new regulatory frameworks for digital assets and issuance of commercial licenses for Web3 projects, Dubai is all set to become the blockchain capital in the Middle East region. World Blockchain Summit, an event by Trescon, returns to Dubai on 1-2 November 2023 at the Address Dubai Marina, with...
Solana Joins Dubai’s Largest Free-Trade Zone to Foster Web3 Adoption
16.10.2023
Solana Foundation, the nonprofit organization behind the layer-1 blockchain Solana, has joined the largest free trade zone in the UAE – the Dubai Multi Commodities Centre (DMCC) – as an ecosystem partner, to tap into the Web3 value in Dubai.
The collaboration will enable Solana to offer technical...
Solana becomes ecosystem partner of Dubai free zone
16.10.2023
The Solana Foundation became an ecosystem partner for the Dubai Multi Commodities Centre, one of the free economic zones within the UAE
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...