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UAE Wants To Be A Global Crypto Hub, Says SEBA Bank Senior Exec Christian Borel
Monday, August 21, 2023 - 9:05am | 515Christian Borel, senior executive officer at SEBA Bank MENA, highlighted the stark differences in regulatory approaches between the United Arab Emirates (UAE) and the U.S. towards the burgeoning crypto industry. "What the United Arab Emirates (UAE) has built is unique: an efficient, solid...
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Dubai's Crypto Licencing Race Heats Up As Nomura's Laser Digital Gets Green Light
Tuesday, August 1, 2023 - 9:37am | 329Financial 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...
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Dubai's BitOasis Stumbles As VARA Halts Its Operational License Over Regulatory Non-Compliance
Tuesday, July 11, 2023 - 10:53am | 378The 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...