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.

• 2023-07-25
• Abu Dhabi Global Market institutional clients Rain Coinbase virtual assets retail clients exchange Yehia Badawy

How Dubai and Hong Kong are shifting crypto’s power dynamics: Opinion

As the US grapples with crypto regulation, Hong Kong and Dubai are emerging as leaders in the global digital economy, writes Ben Caselin of MaskEX.

• 2023-06-19
• Hong Kong digital assets global economy Dubai blockchain technology Hong Kong Monetary Authority crypto regulation virtual assets regulatory environment financial system

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

UAE and Hong Kong central banks to collaborate on crypto regulation

The Central Bank of the United Arab Emirates and the Hong Kong Monetary Authority have agreed to strengthen cooperation in regulating virtual assets.

• 2023-05-31
• Hong Kong Monetary Authority Hong Kong bilateral meeting virtual assets

Hong Kong Securities Regulator to Accept License Applications for Crypto Exchanges Starting June 1

The Securities and Futures Commission's guidelines explicitly ban crypto gifts to incentivize retail investments, which likely includes airdrops.

• 2023-05-23
• Hong Kong Securities and Futures Commission due diligence SFC virtual assets virtual asset accepting applications retail investors public feedback trading platforms

S.Korean lawmakers propose public officials disclose crypto holdings

A South Korean ruling party lawmaker proposed all public officials and candidates disclose their crypto holdings in a new bill unveiled last Friday.

• 2023-05-22
• public officials South Korea virtual assets Democratic Party

China's Top Prosecution Agency Says Although Not Banned NFTs Have Crypto-Like Attributes

NFT collections, targeted in new published guidelines, have been gaining popularity in China since the country prohibited the trading of cryptocurrencies.

• 2023-05-17
• NFT China digital assets virtual assets digital collections

HK Regulators to Host Meeting to Help Crypto Firms With Banking

(Bloomberg) -- Hong Kong regulators are convening a meeting between crypto firms and bankers in a bid to ease financing for the sector as the city seeks to establish itself as a hub for virtual assets. Most Read from BloombergFBI Releases Files on Ivana TrumpSchwab’s $7 Trillion Empire Built on Low Rates Is Showing CracksBinance and Its CEO Sued by CFTC Over US Regulatory ViolationsSaudi National Bank Chair Resigns After Credit Suisse RemarkThe round-table will take place on April 28 at the Hong

• 2023-03-28
• Hong Kong Monetary Authority Bloomberg News Bloomberg Hong Kong digital assets virtual assets

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

Taiwan’s financial supervisory commission will oversee crypto, chair says

Crypto in Taiwan remains largely unregulated, but lawmakers have requested the cabinet to appoint a regulator by May 16 to oversee all things crypto.

• 2023-03-20
• Taiwan cryptocurrency crypto regulation virtual assets