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The estate argues that any court orders while FTX Dubai was part of the proceedings should stand, but that the dismissal requested "is necessary" to protect the debtors and authorize them to, for instance, pay pre-bankruptcy wages and salaries, along with other compensation, benefits and expenses to Dubai employees. Source
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The crypto arm of Nomura has obtained an operating license from Dubai’s Virtual Asset Regulatory Authority (VARA) amid the Japanese financial holding’s attempts to leave its mark in the digital asset space.Laser Digital Middle East FZE, Nomura’s Dubai-based digital asset subsidiary, announced on Aug. 1 that the new virtual asset
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Major cryptocurrency exchange Binance has reached another milestone in relationships with regulators in the United Arab Emirates by winning a new license in Dubai.Binance’s Dubai-based subsidiary, Binance FZE, has obtained an operational minimum viable product (MVP) license from Dubai’s Virtual Asset Regulatory Authority (VARA), the company announced on July 31.The new
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"The progression from the Provisional License, granted in 2022, to an Operational MVP License, means eligible users in Dubai will now be able to access authorized services, including the ability to safely convert virtual assets to fiat under VARA-designated standards compliant with the intergovernmental Financial Action Task Force," a Binance
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The crypto trading platform plans to hire up to 60 new members of staff in the region. Source
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Dubai’s digital asset regulator, the Virtual Asset Regulatory Authority (VARA), has suspended crypto exchange BitOasis from operating in the region. The regulatory body accused BitOasis of failing to meet the necessary regulatory requirements, prompting the suspension that
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BitOasis said it's working closely with the Virtual Assets Regulatory Authority to fulfil the conditions. Source
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Dubai’s cryptocurrency regulator has suspended the license of crypto exchange BitOasis for not meeting mandated conditions within the timeframes set out by the authority.On July 10, the Virtual Assets Regulatory Authority (VARA) issued two alerts saying its undertaken enforcement action against BitOasis and is reviewing the Dubai-based firm.VARA said BitOasis’
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The expansion would be the private bank's first for its crypto offering beyond its native Switzerland, where it has provided digital asset services since the start of 2020. Source
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Dubai-headquartered cryptocurrency exchange Bybit already operates out of Dubai, but its current licensing doesn’t allow the firm to serve all customers, according to Bybit CEO.Bybit FinTech FZE, a subsidiary of the global exchange Bybit, on June 27 announced it received the Minimum Viable Product (MVP) preparatory license by Dubai's Virtual
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