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Crypto options desk QCP Capital wins Abu Dhabi license: Report

[May 7, 2024 6:24 AM] The in-principle approval enables QCP Capital to offer regulated digital asset activities in the region.

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

[Apr 29, 2024 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.

Crypto.com Obtains Full Dubai Operational License

[Apr 9, 2024 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.

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

[Mar 6, 2024 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…

Crypto Lender Nexo Secures First Regulatory Victory in Dubai

[Mar 5, 2024 7:00 AM] 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.

Project Mbridge Reaches Milestone: First Digital Dirham Cross-Border Settlement Goes Through

[Feb 2, 2024 5:30 PM] The first cross-border digital dirham payment was completed by Sheikh Mansour Bin Zayed Al Nahyan, Chairman of the Board of the Central Bank of the UAE, using the Mbridge platform, a central bank digital currency (CBDC) liquidity and…

US Senator Marco Rubio Warns BRICS Expansion Threatens Western Sanctions’ Effectiveness

[Jan 22, 2024 5:30 PM] Florida Senator Marco Rubio expressed his worries about the increasing influence of BRICS, the international group, in the world’s economic system. According to Rubio, if the group keeps expanding, it will be a valid alternative to the…

Binance, crypto firms optimistic about UAE amid potential US regulatory shift

[Dec 14, 2023 5:42 AM] Ghaf Capital managing partner Feras Al Sadek argued that the UAE’s “regulation by education” sets it apart from other jurisdictions.

Dubai regulator grants crypto license to Bahrain’s CoinMENA

[Dec 13, 2023 7:13 AM] The permit allows CoinMENA to provide retail and institutional customers in the United Arab Emirates with the ability to deposit and withdraw in UAE dirhams.

Dubai awards conditional crypto license to climate-friendly Web3 firm

[Dec 12, 2023 3:11 AM] AYA is a climate-focused launchpad that supports innovations around sustainability, such as reforestation, nature credits, mangrove conservation and sustainable agriculture.

Binance Founder Ordered To Stay Put In The US In Ongoing Probe

[Dec 8, 2023 11:00 AM] Binance Co-founder and former Chief Executive Officer (CEO) Changpeng CZ Zhao, has been confined to remain in the United States in advance of his sentencing expected to take place next year. Former Binance CEO No Longer Leaving The US The Binance…

Binance Founder CZ Remanded to Remain in Continental US, Travel to UAE Prohibited 

[Dec 7, 2023 11:30 PM] Changpeng Zhao, better known as CZ, the founder of Binance, has recently grappled with significant legal hurdles in the U.S. His guilty plea in a notable case led a Seattle federal judge to impose movement restrictions on him. Former Binance Boss…

Binance says decision to pull Abu Dhabi licensing bid unrelated to US settlement

[Dec 7, 2023 3:45 PM] Former Binance CEO Changpeng Zhao, who pleaded guilty to one felony count in the United States in November, may not be able to return to the UAE before being sentenced.

Phoenix seals $380M deal with WhatsMiner for green Bitcoin mining

[Dec 7, 2023 9:48 AM] Phoenix Group is acquiring hydro cooling mining equipment from WhatsMiner worth over $136 million, with the option of an additional $246 million purchase.

Crypto Miner Phoenix Group's Shares Surge 35% in Abu Dhabi Stock Market Debut

[Dec 5, 2023 9:22 AM] The UAE-based company said its initial public offering (IPO) in November was 33-times oversubscribed.

Bitcoin miner Phoenix surges 50% after $371M Abu Dhabi IPO

[Dec 5, 2023 3:41 AM] Crypto mining firm Phoenix Group has debuted trading on the Abu Dhabi Securities Exchange, with the stock opening at $0.6.

IOTA makes 40%+ move after $100M ecosystem foundation announcement

[Nov 30, 2023 12:40 PM] IOTA price saw a high volume surge that took the altcoin to a near 1-year high, but are there reasons to support further upside?

Crypto investment platform Fasset granted operational license in Dubai

[Nov 30, 2023 2:53 AM] Fasset has been granted a Virtual Asset Service Provider (VASP) license from regulators in Dubai, allowing it to perform broker-dealer services legally in the area.

Paxos Secures In Principle Approvals for Stablecoin Issuance and Crypto Services in Abu Dhabi

[Nov 30, 2023 2:30 AM] Paxos, a provider of blockchain and tokenization infrastructure, has recently received preliminary approvals from the Financial Services Regulatory Authority (FSRA) of Abu Dhabi. The company stated that these endorsements are crucial steps for…

Digital Asset Investment Platform Fasset Wins Operational Licence in Dubai

[Nov 30, 2023 12:25 AM] 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.

Former British Chancellor's crypto firm Copper launches tokenized securities platform

[Nov 29, 2023 1:15 PM] Copper plans to use its arm in the United Arab Emirates, Copper Securities, to capitalize on the demand of institutional investors.

Bitcoin mining firm Phoenix Group delays share listing

[Nov 28, 2023 8:19 AM] Due to UAE’s National Day, Phoenix Group’s public trading launch on the Abu Dhabi Securities Exchange has been moved to Dec. 5, 2023.

eToro, M2 win ADGM crypto licenses to operate in UAE financial center

[Nov 28, 2023 3:03 AM] While eToro received Financial Services Permission (FSP) approval for operating as a securities, derivatives and crypto assets broker, M2 became a fully regulated Multilateral Trading Facility (MTF) and custodian.

Crypto Miner Phoenix Group Says UAE Initial Share Sale Was 33-Times Oversubscribed

[Nov 21, 2023 5:28 AM] Phoenix was looking to sell almost 18% of the company for a target raise of $368 million.

Head of Dubai Crypto Regulator to Quit to 'Pursue Other Interests'

[Nov 16, 2023 6:55 AM] 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 receives Dubai VASP license

[Nov 15, 2023 2:30 AM] Institutional cryptocurrency custodian Hex Trust adds Dubai to its list of operational jurisdictions in addition to Hong Kong, Singapore, Vietnam, Italy and France.

Standard Chartered, SBI Holdings Establishing $100M Investment Firm Targeting Crypto Startups

[Nov 9, 2023 4:06 AM] SC Ventures and SBI Holdings' Digital Asset Joint Venture investment company will be established in UAE and focus on firms in market infrastructure, risk and compliance, DeFi and tokenization.

Standard Chartered’s venture arm to set up crypto fund in UAE

[Nov 9, 2023 3:38 AM] SC Ventures will establish a “Digital Asset Joint Venture” investment company in partnership with a Japanese financial conglomerate, SBI Holdings.

UAE central bank to penalize unlicensed virtual asset service providers

[Nov 8, 2023 2:26 AM] UAE lawyer Irina Heaver explained that the new guidance is part of the UAE’s efforts to be removed from the Financial Action Task Force’s (FATF) “grey list.”

Metaverse projects failed on lack of correct business model: MetaMinds CEO

[Nov 6, 2023 4:21 AM] As the metaverse loses its appeal to some global tech leaders, MetaMinds Group CEO Sandra Helou argues that failures in metaverse initiatives resulted from a lack of proper business models.