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CoinDCX’s BitOasis receives full crypto license in Dubai

[Dec 9 8:50 AM] BitOasis received a full VASP license, marking the final step in its VARA licensing process and allowing it to offer a full range of crypto trading services.

Sui Launches ‘Incubator’ Hub in Dubai for ‘On the Spot’ Solution Engineering

[Oct 21 11:19 AM] The Sui blockchain has launched a hub in Dubai which will act as an incubator for blockchain developers and entrepreneurs, one of its founding developers told CoinDesk in an interview.

Dubai's VARA Has Struck Correct Balance in Licensing Time Frame, Says Senior Official

[Oct 16 5:51 AM] Dubai’s Virtual Assets Regulatory Authority believes it has struck the correct balance in terms of time taken to award licenses to crypto-related applicants, its senior official Sean McHugh told CoinDesk in an interview on Tuesday, disputing any…

OKX Goes Live in UAE, Targeting TradFi Institutions, Retail Market

[Oct 10 3:10 PM] OKX, one of the four biggest cryptocurrency exchanges, has gone live in the UAE, Middle East General Manager Rifad Mahasneh said in an interview.

Dubai's VARA Fines, Issues Cease-and-Desist Orders Against 7 Crypto Entities

[Oct 10 11:39 AM] Dubai's Virtual Assets Regulatory Authority (VARA) issued cease-and-desist orders and accompanying fines to seven entities for operating without the required licenses and breaching marketing regulations.

National Bank of Bahrain rolls out its first Bitcoin investment fund

[Oct 7 7:50 PM] The Bitcoin investment fund is designed for institutional investors and will offer exposure to BTC gains capped at a predefined threshold, with 100% loss protection on the downside.

UAE Exempts Crypto Transactions From Value Added Tax

[Oct 7 7:45 AM] The United Arab Emirates has exempted crypto transactions from value-added tax (VAT), according to an amendment in the law made by the Federal Tax Authority.

Ripple receives in-principle license approval in Dubai

[Oct 1 10:21 AM] Ripple has acquired in-principle financial services license approval from Dubai’s DFSA, moving closer to offering cross-border crypto payment services in the UAE.

Dubai Regulator Increases Scrutiny on Crypto Companies

[Sep 27 9:30 AM] 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…

Middle East accounts for 7.5% of global crypto volume — Chainalysis

[Sep 26 5:03 PM] According to the World Bank, less than 50% of adults in the Middle East and North Africa region had access to adequate banking services.

Bybit bags provisional crypto license from Dubai regulator

[Sep 16 10:03 AM] The Virtual Asset Regulatory Authority (VARA) has granted Bybit a non-operational license to serve retail and institutional crypto investors in Dubai.

VC Founders Summit: The Largest Convergence of Investors and Founders Set to Take Place in Singapore

[Sep 15 5:00 PM] PRESS RELEASE. [Singapore, 2024] – The much-anticipated VC Founders Summit is set to take place on September 21st, bringing together venture capitalists, industry leaders, and innovators to shape the future of investment and entrepreneurship. As a…

UAE’s central bank approves custodial risk insurance product for digital assets

[Sep 12 1:19 PM] OneDegree executive Robin Scott told Cointelegraph that the insurance covers Web3 asset managers against the risk of losing customer funds. 

Standard Chartered Launches Bitcoin and Ethereum Custody in UAE

[Sep 11 2:30 AM] Standard Chartered has launched a digital asset custody service in the United Arab Emirates (UAE), licensed by the Dubai Financial Services Authority. The service aims to provide secure storage for digital assets, initially focusing on bitcoin and…

Getting paid in crypto: Dubai court ruling shows increasing acceptance

[Sep 5 1:30 PM] Crypto salaries are becoming more common, especially in countries with prevalent economic incentives like inflation. 

Crypto.com, Standard Chartered partner for global fiat services

[Aug 29 7:32 AM] Crypto.com partners with Standard Chartered Bank to provide fiat currency services in over 90 countries, starting in the UAE.

What a Dubai Court Ordering a Company to Pay Its Employee in Crypto Means

[Aug 19 10:57 AM] A court in Dubai ordered a company to pay an employee using a cryptocurrency token, as agreed in the employment contract. The ruling raises several questions even as it lends some legitimization to crypto in the region.

Indian Crypto Exchange Coindcx Going Global With Bitoasis Acquisition

[Jul 3 8:10 AM] Indian crypto exchange Coindcx is expanding globally by acquiring the Middle Eastern digital asset platform Bitoasis. This strategic move enhances Coindcx’s presence in the Middle East and North Africa (MENA) region while allowing Bitoasis to…

Mantra to Tokenize $500M Real Estate Assets for UAE Builder MAG Group

[Jul 3 1:25 AM] The firm will tokenize the real estate assets in several tranches.

Nomura crypto arm Laser Digital bags Abu Dhabi license

[Jun 19 3:01 AM] The firm chose to expand into Abu Dhabi due to the innovation-friendly crypto regulations.

Dubai financial regulator updates crypto token rules for funds

[Jun 3 5:12 AM] The changes encompassed several areas, including the ability of both external and domestic funds to invest in crypto tokens.

Custody Provider Liminal Wins Approval in Abu Dhabi as It Extends Expansion in Asia

[May 13 3:49 AM] Singapore-based Liminal won approval to operate as a regulated custodian, another sign of its expanding footprint in the APAC and MENA regions.

Chainalysis sets up regional HQ in Dubai amid local crypto boom

[May 8 7:25 AM] Chainalysis relocates regional headquarters to Dubai reflecting the UAE’s progressive stance toward blockchain technology.

Dubai does for crypto what Silicon Valley did for tech — Gov’t affairs firm CEO

[Apr 29 2:47 AM] NH Management’s Tao Xiao explained that VARA’s objective is not to hinder progress but to secure the market’s integrity.

Binance Secures Full Virtual-Asset Services Provider License in Dubai

[Apr 18 3:18 AM] The fourth and final stage of approval comes almost a year after the crypto exchange secured a third-stage license.

Zignaly Announces Cosmos-Based ZIGChain, $100M Ecosystem Fund

[Apr 17 9:00 AM] ZIGChain's ecosystem fund is backed by DWF Labs.

Dubai Regulator Wants to Lower the Cost of Compliance for Small Crypto Firms

[Apr 11 5:15 AM] While Dubai's regulatory rules were broadly welcomed, some firms worried about the expense.

Crypto.com Obtains Full Dubai Operational License

[Apr 9 5:33 AM] Singapore-based crypto platform Crypto.com has received full operational approval from Dubai’s Virtual Assets Regulatory Authority (VARA) for its local entity, CRO DAX Middle East FZE.

Crypto Exchange Deribit's Dubai-Based Unit Wins Conditional VASP License

[Apr 2 2:33 AM] 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 Strijers told CoinDesk.

Nexo Secures Preliminary VARA Approval to Launch Crypto Lending and Brokerage Services in Dubai

[Mar 6 2:30 AM] 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…