The initiative builds on DMCC’s existing work in digital commodities, including its gold-backed digital asset offerings via the Tradeflow platform
Tokinvest’s $3.2m pre-seed round was backed by VCs, family offices and high-net-worth investors, including Triliv Holdings and Exponential Science
The agreement defines a unified registration mechanism for VASPs across both jurisdictions and outlines operational coordination principles based on mutual collaboration and effective oversight
All tokenised offerings during the pilot phase must come from companies licensed by VARA
This move positions Dubai at the forefront of integrating virtual assets into the real estate sector
The UAE is leading the charge in technological innovation and embracing the digital economy through forward-thinking digital asset regulation
The Bahrain arm of BitOasis will house a small team as it works to launch a new platform in Bahrain during the second half of 2024
Cryptocurrency is more than just a new asset class, it represents a fundamental change in how assets are managed and verified
The expansion and the location demonstrate Fastex’s dedication to growth and integration within the Dubai business landscape
The UAE is ushering in a new era of regulatory oversight for virtual asset activities. We speak to Karm Legal Consultants about what this means for virtual asset service providers
When operational, the licence will enable the company to provide spot services and spot-pairs services to qualified retail clients
VARA became aware in February that OPNX was soliciting customers for its platform and collecting personal data
The MoU strengthens VARA’s aim to achieve full transparency and market conduct adherence across virtual asset service providers licenced to operate in Dubai
The Operational MVP licence will allow Binance to offer exchange and broker-dealer services, initially to institutional and qualified retail investors
The crypto exchange platform said it will not accept any new clients until it fully complies with VARA requirements
The crypto trading platform plans to launch new virtual asset products with a continued focus on driving accessibility and consumer protection
VARA has come out with detailed regulations and rulebooks for the virtual assets sector, indicating just how fast things are moving
The accelerator programme will offer mentorship and sessions on a range of topics related to crypto and scaling a business