Category: Dubai
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Bitcoin Mining Company Phoenix Group Reports 50% Net Income Increase and 20% Sales Growth
Binance, crypto firms optimistic about UAE amid potential US regulatory shift
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
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
AYA is a climate-focused launchpad that supports innovations around sustainability — such as reforestation, nature credits, mangrove conservation, and sustainable agriculture.
Crypto investment platform Fasset granted operational license in Dubai
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.
eToro, M2 win AGDM crypto licenses to operate in UAE financial center
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 custodian Hex Trust receives Dubai VASP license
Institutional cryptocurrency custodian Hex Trust adds Dubai to its list of operational jurisdictions in addition to Hong Kong, Singapore, Vietnam, Italy and France.
Crypto.com granted Dubai crypto license
The license is pending operational approval and allows Crypto.com’s Dubai entity to offer exchange, broker-dealer, and lending and borrowing services.
Ex-FTX execs team up to build new crypto exchange 12 months after FTX collapse: Report
The cryptocurrency exchanges offers a self-custody solution that integrates a multiparty computation technique to secure funds.