IOTA price saw a high volume surge that took the altcoin to a near 1-year high, but are there reasons to support further upside?
Category: UAE
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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.
Former British Chancellor’s crypto firm Copper launches tokenized securities platform
Copper plans to use its arm in the United Arab Emirates, Copper Securities, to capitalize on the demand of institutional investors.
Bitcoin mining firm Phoenix Group delays share listing
Due to UAE’s National Day, Phoenix Group’s public trading launch on the Abu Dhabi Securities Exchange has been moved to Dec. 5, 2023.
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.
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.
UAE central bank to penalize unlicensed virtual asset service providers
UAE lawyer Irina Heaver explained that the new guidance is part of the UAE’s efforts to be removed from the Financial Action Task Force’s (FATF) “grey list.”
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.
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.