Ripple receives in-principle license approval in Dubai
Ripple has acquired in-principle financial services license approval from Dubai’s DFSA, moving closer to offering cross-border crypto payment services in the UAE. Go to Source
Dubai
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Dubai Regulator Increases Scrutiny on Crypto Companies
Dubai’s Virtual Assets Regulatory Authority (VARA) has implemented stricter regulations for crypto companies to enhance investor protection and ensure transparency. The new rules require firms to include risk warnings in marketing materials, obtain necessary licenses, and adhere to compliance standards. These measures aim to inform investors about the risks and volatility of cryptocurrencies, while fostering … Read more
Middle East accounts for 7.5% of global crypto volume — Chainalysis
According to the World Bank, less than 50% of adults in the Middle East and North Africa region had access to adequate banking services. Go to Source
Bybit bags provisional crypto license from Dubai regulator
The Virtual Asset Regulatory Authority (VARA) has granted Bybit a non-operational license to serve retail and institutional crypto investors in Dubai. Go to Source
VC Founders Summit: The Largest Convergence of Investors and Founders Set to Take Place in Singapore
PRESS RELEASE. [Singapore, 2024] – The much-anticipated VC Founders Summit is set to take place on September 21st, bringing together venture capitalists, industry leaders, and innovators to shape the future of investment and entrepreneurship. As a dynamic side event of the renowned Token2049 conference, and coinciding with the excitement of Singapore Formula One Week, this … Read more
UAE’s central bank approves custodial risk insurance product for digital assets
OneDegree executive Robin Scott told Cointelegraph that the insurance covers Web3 asset managers against the risk of losing customer funds. Go to Source
Standard Chartered Launches Bitcoin and Ethereum Custody in UAE
Standard Chartered has launched a digital asset custody service in the United Arab Emirates (UAE), licensed by the Dubai Financial Services Authority. The service aims to provide secure storage for digital assets, initially focusing on bitcoin and ethereum. Brevan Howard Digital is the first client, and the bank plans further expansion into additional digital assets. … Read more
Getting paid in crypto: Dubai court ruling shows increasing acceptance
Crypto salaries are becoming more common, especially in countries with prevalent economic incentives like inflation. Go to Source
Crypto.com, Standard Chartered partner for global fiat services
Crypto.com partners with Standard Chartered Bank to provide fiat currency services in over 90 countries, starting in the UAE. Go to Source
Indian Crypto Exchange Coindcx Going Global With Bitoasis Acquisition
Indian crypto exchange Coindcx is expanding globally by acquiring the Middle Eastern digital asset platform Bitoasis. This strategic move enhances Coindcx’s presence in the Middle East and North Africa (MENA) region while allowing Bitoasis to retain its branding and leadership, signaling a new phase of growth and maturity for both companies. Big Milestone: 2 Market … Read more