Dubai

Dubai's Virtual Assets Regulatory Authority (VARA) imposed a hefty fine of nearly $2.8 million on cryptocurrency exchange OPNX and its founders. OPNX, established by Kyle Davies and Su Zhu, the minds behind the unsuccessful hedge fund Three Arrows Capital (3AC), had previously faced VARA's...

Dubai is gearing up for the fifth edition of the Crypto Expo Dubai on Sept. 20 and 21 at the Festival Arena, Dubai Festival City. Organized by HQmena, this event provides a comprehensive overview of the current landscape and future prospects of the blockchain and...

Financial behemoth Nomura's (NYSE: NMR) digital asset subsidiary, Laser Digital, has secured an operating license from Dubai's Virtual Asset Regulatory Authority (VARA). This marks the culmination of the licensing process, according to a company announcement on Tuesday. With its base in the...

Binance's Dubai subsidiary has received the Operational Minimum Viable Product (MVP) license from Dubai's Virtual Asset Regulatory Authority (VARA). The license allows the cryptocurrency exchange to offer broker-dealer services in Dubai, initially to institutional and qualified retail...

The Virtual Assets Regulatory Authority (VARA) has announced a halt in the conditional MVP Operational License for BitOasis, a cryptocurrency exchange based in Dubai. This action follows BitOasis's failure to meet specific conditions within an established time frame. BitOasis received the...

South Korea has given the green light to landmark legislation dedicated to digital assets, aiming to reinforce protection for investors. This comes in the wake of the dramatic collapse of cryptocurrencies developed by South Korean Do Kwon, which played a role in a global $2 trillion cryptocurrency...

Boston-based Circle Internet Financial Ltd. (CRYPTO: USDC) is keeping a keen eye on the regulatory changes in Hong Kong following the implementation of the territory's new cryptocurrency regulations. Circle CEO Jeremy Allaire told Bloomberg Television during the World Economic Forum in Tianjin...

A milestone in psychedelics education was achieved: The Energia Foundation, organizer of the same conversation within this January’s WEF-parallel Davos House of Health, is taking education on the new therapeutics to the Arab world.  Held in partnership with Tabula Rasa Ventures,...

An official from Dubai's financial watchdog has urged global regulators to intensify collaborative efforts to prevent the exploitation of loopholes in cryptocurrency regulations. Elisabeth Wallace, an associate director at the Dubai Financial Services Authority (DFSA), outlined the agency's...

Coinbase (NASDAQ: COIN) is engaging with regulators in the United Arab Emirates (UAE), namely the Abu Dhabi Global Market (ADGM), to expand the licensing and availability of its cryptocurrency exchange. Nana Murugesan, Coinbase VP of International and Business Development, predicts that this move...

Dubai's Virtual Assets Regulatory Authority (VARA) has issued a formal warning to the co-founders of the defunct crypto hedge fund Three Arrows Capital for launching and promoting their new digital asset exchange, OPNX, without obtaining the necessary license. The warning was addressed to the...

Dubai is intensifying its examination of cryptocurrency license applicants, such as Binance (CRYPTO: BNB), in light of last year's FTX (CRYPTO: FTT) bankruptcy, demanding more details from companies seeking permits, according to a report. Dubai's Virtual Assets Regulatory Authority (...

The Ajman Police in Dubai has become the first law enforcement organization in the world to provide metaverse services. According to a report by the Khaleej Times, the Ajman Police General Command attended the Dubai Metaverse Forum and confirmed the launch of an innovative app at Gitex Technology...

Dubai is set to construct a luxurious moon-themed resort worth $5 billion by the end of this decade, reports the Arabian Business.  Co-founded by Sandra G. Matthews and Michael R. Henderson, Moon World Resorts Inc has designed the structure that will have an overall height...

Dubai looks to offer 40,000 virtual jobs, endeavoring to build a leading metaverse economy. What Happened: In a recent plan revealed by Sheikh Hamdan bin Mohammed, Dubai’s crown prince, it was stated that Dubai looks to offer 40,000 virtual jobs and multiply the blockchain companies existing...