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Crypto exchange Rain to target UAE asset managers after winning licence
Crypto exchange Rain to target UAE asset managers after winning licence

Middle Eastern crypto exchange Rain said on Tuesday its Abu Dhabi unit obtained a license to operate a virtual assets brokerage and custody service for clients in the United Arab Emirates. The Bahrain-headquartered Rain, backed by Coinbase, said its entity based in the Abu Dhabi Global Market financial freezone will now offer institutional clients and some retail clients in the UAE the ability to buy, sell and store virtual assets.
Crypto investors step up risk management after last year's meltdowns
Crypto investors step up risk management after last year's meltdowns

Cryptocurrency investors have grown more cautious about who they do business with, after being burned last year by sudden collapses of Celsius Network, Voyager Digital, FTX and others, and fearing a regulatory crackdown will put more pressure on remaining firms. The recent crypto platform bankruptcies trapped customer assets now worth around $34 billion, according to Xclaim, which allows creditors to trade such claims. To protect themselves, institutional crypto investors are switching to exch
Crypto Exchange KuCoin Sued in New York’s Industry Crackdown
Crypto Exchange KuCoin Sued in New York’s Industry Crackdown

(Bloomberg) -- New York Attorney General Letitia James is taking another swing at the cryptocurrency industry with a lawsuit accusing KuCoin, one of the world’s most popular crypto-exchanges, of operating in the state without a license.Most Read from BloombergCompanies Are Telling Us the Real Reason They're Still Raising PricesBiden to Urge 25% Billionaire Tax, Levies on Rich InvestorsIn Biden’s Tax-the-Rich Budget, Capital-Gains Rates Near 45%Rookie Traders Are Earning $400,000 in One Unlikely
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