Dubai lures AI, Web3 enterprises with 90% subsidized commercial licenses
In addition to attracting talent, Dubai has also given out operational licenses to crypto exchanges over the past several months. Go to Source
Dubai
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FTX files motion to exclude its Dubai unit from bankruptcy proceedings
FTX filed for bankruptcy in November last year, entering into Chapter 11 proceedings with 102 units around the world. Go to Source Powered by WPeMatico
Nomura’s crypto arm Laser Digital bags Dubai VARA license
Laser Digital said it would also launch trading and asset management operations in the coming months, including over-the-counter (OTC) service. Go to Source Powered by WPeMatico
Binance to offer crypto broker-dealer services in Dubai with new license
Binance is now officially allowed to offer crypto services to institutional and qualified retail investors in Dubai. Go to Source Powered by WPeMatico
Dubai crypto regulator suspends BitOasis crypto exchange license
BitOasis was the first crypto exchange to get an operational license in Dubai, which has now been suspended by the local regulator for not meeting key conditions in time. Go to Source Powered by WPeMatico
ByBit’s MVP license in Dubai ‘very restricted,’ CEO says
Once fully licensed in Dubai, Bybit plans to run a full-scope exchange, offering crypto lending, payments, investment and other services. Go to Source Powered by WPeMatico
Dubai’s VARA approves OKX ‘preparatory’ license as part of exchange’s expansion plans
The middle eastern arm of the exchange said it had opened an office in the Dubai World Trade Center and planned to increase its staff to 30 people. Go to Source Powered by WPeMatico
Marathon Digital announces immersion crypto mining operations in Abu Dhabi
The mining firm expects the two facilities to be online by 2024 and produce a combined hash rate of roughly 7 EH/s. Go to Source Powered by WPeMatico
3AC founders run into fresh trouble in Dubai over new exchange OPNX
Dubai digital asset regulator claimed that it had sent two cease and desist notices to the exchange in February and an investor alert against it in April. Go to Source Powered by WPeMatico
UK may have crypto regulation within a year, says senior minister
The lawmaker said the regulation will need to be both “pragmatic” and “proportionate” to ensure economic growth is maximized. Go to Source Powered by WPeMatico
