Dubai: Launching a Crypto Regulatory Arm to Become a Global Financial Power

The center of the crypto universe has been shifting toward the UAE since March 2022, when Dubai announced the world’s first independent crypto regulator, the Virtual Asset Regulatory Authority. With its state intention to provide legal clarity for crypto, the No. 5 spot in CoinDesk’s Crypto Hubs 2023 has attracted jurisdiction shoppers such as Binance CEO Changpeng Zhao and crypto exchange WazirX.

• 2023-06-27
• Dubai Saqr Ereiqat Bader Al Kalooti

Singapore-based Crypto.com gets preparatory license to expand services in Dubai

Singapore-based cryptocurrency exchange Crypto.com will soon be able to extend its services in Dubai, after it received a Minimal Viable Product (MVP) Preparatory License from Dubai’s Virtual Assets Regulatory Authority (VARA).

• 2023-03-20
• Dubai Virtual Assets Regulatory Authority virtual assets provisional approval VARA

Dubai Prohibits Privacy Coins Like Zcash and Monero Under New Crypto Rules

The issuance of anonymity-enhancing crypto like Zcash and monero are banned under the Emirate's new regulations for digital assets.

• 2023-02-08
• Dubai Virtual Asset Service Provider crypto regulations virtual asset authorization requirements

Dubai Mandates Licensing for Crypto Companies as It Sets Out Regulatory Requirements

A set of rulebooks published by the Virtual Assets Regulatory Authority lays out requirements for crypto firms covering everything from issuance and exchange services to advertising.

• 2023-02-07
• Dubai Virtual Assets Regulatory Authority VARA