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. Go to Source
Dubai
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Standard Chartered’s venture arm to set up crypto fund in UAE
SC Ventures will establish a Digital Asset Joint Venture investment company in partnership with a Japanese financial conglomerate, SBI Holdings. Go to Source
VARA demonstrates how regulators, market can work in tandem: VARA Vice Chair
Deepa Raja Carbon told Cointelegraph that VARA took a collaborative approach and consulted stakeholders, legislators and the general public to develop its virtual asset regulatory guidelines. Go to Source
Metaverse projects failed on lack of correct business model: MetaMinds CEO
As the metaverse loses its appeal to some global tech leaders, MetaMinds Group CEO Sandra Helou argues that failures in metaverse initiatives resulted from a lack of proper business models. Go to Source
Abu Dhabi pioneers DLT regulation for DAOs and Web3 innovations
Abu Dhabi aims to become a crypto hub alongside Dubai, in a move that’s part of a larger goal to foster initiatives in the broader blockchain and digital asset realm. Go to Source
XRP, TON win approval in Dubai International Financial Centre free trade zone
The new tokens join the ranks of BTC, ETH and LTC for use by the 4,000-plus companies located in the zone, which is considering new legal measures as well. Go to Source
Dubai VARA grants ‘initial approval’ to crypto firm WadzPay
The license allows WadzPay to begin preparing to provide virtual asset services and activities under the VASP License for Transfer and Settlement and Broker/Dealer activities. Go to Source
Web3 wallet Backpack to launch VASP-licensed crypto exchange in Dubai
The Backpack exchange has bagged operational licenses across several jurisdictions worldwide over the past five months, according to the company announcement. Go to Source
OpenAI partners with G42 in Dubai eyeing Middle East expansion
The two companies said they plan to use OpenAI’s models in industries in which G42 has connections and experience, such as energy, finance, healthcare and public services. Go to Source
Middle East regulatory clarity drives crypto industry growth — Binance FZE head
UAE, Dubai and Bahrain continue to attract major cryptocurrency exchanges and businesses due to their progressive regulatory approaches. Go to Source