Tag: dubai

Oct 03 2022

West African Country Ghana To Become The Next Crypto Leader

Oct 03 2022 Published at Bitcoinist.com under tags  crypto crypto news dubai ghana sefwi asawo

In terms of Crypto Adoption, the developing countries are not behind. Emerging crypto markets in West Africa, such as Nigeria and Kenya, are leading the fronts in adoption. Chainalysis reported that Nigeria and Kenya ranked among the top 20 countries in the crypto adoption index. More countries in West Africa are joining the league. Ghana, one of the West African countries, is showing...

Sep 20 2022

Just-In: Binance Receives MVP License From Dubai Virtual Asset Regulatory Authority

Sep 20 2022 Published at Coingape under tags  binance dubai news

The world's largest crypto exchange Binance on Tuesday said it has received the Minimal Viable Product (MVP) license from Dubai’s Virtual Asset Regulatory Authority (VARA). The license enables the crypto exchange to open a client money account with a domestic bank and offer extended services, including virtual asset exchange services,... Read more

Sep 12 2022

Luxury Resort Palazzo Versace Dubai Now Accepts Bitcoin

In partnership with Binance, the luxury resort now accepts bitcoin for goods and services on-site and plans to launch online payments in the near future.Palazzo Versace Dubai is now accepting bitcoin for goods and services in the UAE. Customers can pay for events, spa experiences, and other services on site with the Binance app.The resort plans to launch online payment integration...

Sep 11 2022

Blockchain.com Wins Approval From Dubai Regulatory Authority VARA

Notably, Gulf countries have joined the list of crypto-favored regimes. And Dubai appeared as a leading crypto hub currently working on multiple projects to support the blockchain infrastructure and web 3 technology. As a result of which, it attracted many crypto companies worldwide to join the emerging market. Similarly, blockchain.com, a cryptocurrency exchange and financial service provider for retail and institutional businesses, won...

Sep 10 2022

Blockchain.com Receives Provisional Approval for Dubai Operations

Digital asset services provider, Blockchain.com recently announced that the company has signed a Memorandum of Understanding (MoU) with the Virtual Assets Regulatory Authority (VARA) in Dubai. According to the details shared by Blockchain.com, retail and institutional clients in Dubai will soon be able to access technology-driven financial services.

Dubai is one of the fastest-growing crypto markets. The region is home to some of the...

Sep 09 2022

Switzerland, Dubai crypto associations team up operations

Sep 09 2022 Published at Coinscreed under tags  crypto association dubai news switzerland

The Crypto Valley Association in Switzerland has agreed to a joint partnership with Dubai-based Crypto Oasis, to promote the continued growth of the blockchain industry in both countries. The Crypto Valley Association (CVA), situated in the self-described "crypto valley" of the Swiss Canton of Zug, will lead the collaboration with its equivalent in Dubai to […] The post...

Sep 05 2022

Crypto Expert Gets Job As Chief Of Saudi Arabia’s Central Bank Digital Assets Program

Crypto is playing an important role in the vast financial landscape of Saudi Arabia. Mohsen Al Zahrani, a former managing chief at Accenture, has been chosen by the Saudi Arabian Monetary Authority (SAMA) to spearhead its digital assets and central bank digital currency development. The appointment of Al Zahrani is indicative of the Gulf state's apparent aspirations in the field of digital currencies,...

Aug 30 2022

Dubai Pushes Out Crypto Marketing Rules To Further Safeguard Investors

Aug 30 2022 Published at Bitcoinist.com under tags  btcusd btcusdt crypto news dubai

Dubai will soon be pursuing a new license program directed towards the crypto space service providers, local regulators by introducing marketing and advertising rules for the industry. Dubai's virtual asset regulatory authority (VARA), a cryptocurrency regulatory had proposed for new guidelines on marketing, advertising and promotions of cryptocurrencies. VARA has mentioned about all forms of outreach, communications along with advertising. This...

Aug 29 2022

Virtuzone Forms Strategic Partnership with Binance

One of the leading providers of corporate and business formation services in UAE, Virtuzone today confirmed that it has developed a strategic partnership with crypto giant Binance....

Aug 10 2022

Why Crypto Miners Flock to Dubai Despite the Hot Weather

Dubai has quickly become one of the world's crypto-hubs following the introduction of efficient digital asset-friendly regulation.

In this column, we will explore how the emirate, with daily temperatures rising to 42°C in the summer, features optimal conditions for crypto mining businesses.

Dubai: The New Crypto Hub

With high...

Aug 08 2022

Dubai Forms a New Group (D2A2) To Strengthen and Promote the Digital Sector

Dubai Chamber of Digital Economy revealed the formation of the Dubai Digital Assets Business Group (D2A2). The role of the group is to strengthen and promote the digital asset sector within the UAE and across the Middle East.

D2A2 will explore how to further...

Jul 30 2022

FTX Exchange FZE Obtains Approval from Virtual Assets Regulatory Authority

FTX Exchange FZE confirmed yesterday that the company has received approval from the Virtual Assets Regulatory Authority (VARA) in Dubai to enter Dubai's MVP program for virtual assets. The approval will help the company in the expansion of its presence in one of the fastest-growing crypto regions.The latest announcement from FTX Exchange FZE came approximately four months after FTX Europe, the parent...

Dubai grants first MVP license to FTX subsidiary FZE

Jul 30 2022 Published at Coinscreed under tags  dubai ftx fze news

The first Minimal Viable Product (MVP) license for Dubai was given to FZE on Friday, enabling full operation of the exchange in the area. The operational license was granted to FZE by Dubai's Virtual Asset Regulatory Authority (VARA) under the MVP program, which is, in the words of Helal Saeed Almarri, director general of the […] The post...

Jul 29 2022

Bitcoin Exchange FTX Wins Full Approval To Operate In Dubai

Jul 29 2022 Published at Bitcoin Magazine under tags  dubai exchange ftx legal news

The company will build a headquarters in Dubai to operate exchange and clearinghouse services for bitcoin and cryptocurrencies through a subsidiary.FTX exchange received approval to operate exchange and clearinghouse services in Dubai.The company will build a regional headquarters in the city.A subsidiary of FTX operating in Europe and the Middle East will facilitate product offerings...

Breaking: FTX Becomes Only Crypto Exchange To Gain “MVP License” In Dubai

Jul 29 2022 Published at Coingape under tags  crypto exchange ftx dubai news

Crypto exchange FTX on Friday said it received the "Minimum Viable Product" license from Dubai's Virtual Assets Regulatory Authority, becoming the first crypto exchange to receive the approval. The FTX Exchange FZE, a subsidiary of FTX's division in Europe and the Middle East will offer regulated crypto derivatives products and trading services to institutional investors. Along...

Jul 27 2022

Komainu Receives Provisional License For Bitcoin, Crypto Services In Dubai

Jul 27 2022 Published at Bitcoin Magazine under tags  bitcoin business coinshares dubai ledger

The joint venture by Japan’s largest investment bank Nomura, CoinShares and Ledger will offer institutional services for bitcoin and other digital assets.Komainu has received provisional approval to offer institutional bitcoin and cryptocurrency custody services in Dubai.The company is a joint venture by $471 billion Nomura Bank, CoinShares and Ledger. Komainu is considered...

Komainu Receives Provisional Regulatory Approval from Dubai’s VARA

Komainu, a crypto custodian backed by Nomura, confirmed today that the company has secured provisional regulatory approval from the Virtual Assets Regulatory Authority (VARA) in Dubai. According to the details shared by the company, the provisional regulatory approval will facilitate its regional growth.Komainu has also selected Dubai for its regional headquarters. The crypto custodian noted that the institutional clients in Dubai will...

Jul 21 2022

Dubai Crown Prince Plans To Provide ‘Virtual Jobs’ To 40,000 People

Dubai is ramping things up in the virtual stratosphere with the promise of jobs to its constituents. In a recent strategy unveiled by Dubai's crown prince, Sheikh Hamdan bin Mohammed, it was said that the bustling metropolis aims to create 40,000 virtual jobs and increase the number of blockchain enterprises in the region by 500 percent by 2027. Dubai's authorities are attempting to...

Jul 20 2022

Dubai Metaverse Strategy: How will it Affect Cryptos?

Why is Dubai embracing the Metaverse? The number of resident blockchain and metaverse companies in Dubai should quintuple again in 5 years. The city wants to create more than 40,000 virtual jobs by 2026 and thereby bring in more than 4 billion US dollars to the economy. Furthermore, one would like to establish oneself on the overall market both in the region and in the...

Jul 14 2022

OKX Wins Provisional Crypto License In The UAE

Summary: Dubai's regulatory body granted provisional approval to OKX. The crypto exchange has bagged a virtual asset license and can offer trading facilities to investors in the United Araba Emirates. OKX also plans to open a regional headquarters in Dubai. The move is part of expansion efforts despite a downturn in the crypto market. Other exchanges like FTX and Kraken bagged similar licenses...

Know a good blog/source that is not listed? Contact us or fill the form below to add one: