Nomura’s Crypto Division “Laser Digital” Obtains Operating License in Dubai

The Virtual Asset Regulatory Authority (VARA) in Dubai has granted an operating license to Nomura's subsidiary for digital assets.

• 2023-08-02
• Virtual Asset Regulatory Authority Dubai investment services digital assets VARA Nomura asset management business Laser

Insights from Dubai’s cryptocurrency scene as city looks to be global digital assets hub

Ghassan Jumblat, fintech director at financial services company Integrated Communications Channel discusses the evolution of the cryptocurrency and blockchain industry in Dubai in the United Arab Emirates, as the city positions itself as a future hub for digital assets.

• 2023-06-12
• Dubai Multi Commodities Centre digital assets Maha Shah Ghassan Jumblat VARA cryptocurrencies Digital Dirham virtual assets UAE government digital platform United Arab Emirates Blockchain

3AC Founders’ OPNX Exchange Formally Reprimanded by Dubai Crypto Regulator

The action by the Virtual Assets Regulation Authority targeting Kyle Davies, Su Zhu and others follows two cease-and-desist letters for operating an unregulated exchange.

• 2023-05-02
• Kyle Davies Dubai Su Zhu OPNX VARA bankruptcy claims Virtual Assets Regulatory Authority Three Arrows Capital

Dubai crypto regulator awards first broker-dealer MVP operational license

BitOasis, a Middle East-focused crypto exchange based in the United Arab Emirates, has received the first broker-dealer minimum viable product operational license from Dubai's crypto regulator, the company said on Monday. Dubai's Virtual Asset Regulatory Authority (VARA) was formed in March 2022 to regulate the emerging virtual asset sector in the emirate, as the United Arab Emirates pushes to become a global hub for the industry.

• 2023-05-01
• United Arab Emirates minimum viable product Dubai Virtual Asset Regulatory Authority VARA broker-dealer crypto exchange

Crypto.com Gets Closer to an Operational License in Dubai

Singapore-based digital asset trading platform Crypto.com has received a preparatory license from Dubai's Virtual Digital Assets regulator.

• 2023-03-20
• Virtual Assets Regulatory Authority viable product Dubai VARA

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 Clarifies Rules for Crypto Companies

A new rulebook aims to attract crypto businesses and investors to the Emirate.

• 2023-02-09
• Virtual Assets Regulatory Authority Emirate virtual assets Dubai World Trade Centre VARA Dubai cryptocurrency

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