Based in Bahrain, the firm holds a license from the Central Bank of Bahrain as a crypto service provider.
In November, six entities secured a VARA license for crypto operations in Dubai.
CoinMENA
FZE, a subsidiary of CoinMENA B.S.C. (c), has obtained a Virtual Asset Service
Provider (VASP) license for VA Broker-Dealer services from Dubai’s Virtual
Assets Regulatory Authority (VARA). This license allows the company to operate
and offer its services in and from Dubai.
CoinMENA
FZE's Dubai Venture with VARA License
Headquartered
in Bahrain, CoinMENA is licensed by the Central Bank of Bahrain as a crypto
asset service provider (category-3). CoinMENA FZE, licensed as a VASP for
Virtual Asset Broker-Dealer services by VARA, seeks to empower investors in the
MENA region by providing access to crypto asset investment options.
The
platform allows users to buy, sell, store, and receive digital assets securely,
along with deposit and withdrawal options in their local currency. Up
until now, CoinMENA has been serving clients in the UAE from its base in
Bahrain. With the newly acquired VARA license, CoinMENA FZE can now serve
clients from its Dubai Head Office, utilizing local banking services and
providing UAE-based users with the convenience of instant money deposits and
withdrawals.
CoinMENA’s
Co-Founders, Dina Sam’an and Talal Tabbaa, expressed their appreciation for the
regulatory clarity provided by VARA, highlighting Dubai's emergence as a global
hub for crypto and digital asset financial services. Sam’an emphasized the
importance of building strong relationships with local regulators, stating that
the VARA license strengthens their market position and instills confidence in
users and investors.
Tabbaa
added: “Dubai is at the forefront of crypto growth and innovation,” and working
with VARA will enhance their ability to serve institutional and retail users in
the Emirate while reducing fiat-to-crypto transaction costs.
Surge
in VARA Licenses Signals Cryptocurrency Approval Wave
In
a previous report, Finance Magnates
noted that Fasset
FZE secured a VASP license from VARA, enabling the provision of
broker-dealer services through its web3-based financial platform. This license
is part of a growing trend, with Crypto.com and Ripple obtaining VARA
licenses for virtual asset services.
Notably,
Crypto.com's
branch, CRO DAX Middle East FZE, achieved this milestone, while Ripple's XRP
gained approval for usage within the Dubai International Financial Centre,
marking a significant recognition under the DIFC's virtual assets framework.
This
development has positioned XRP as the first virtual asset to receive such approval.
Finance Magnates reported on the increasing number of cryptocurrency entities
securing VARA licenses, including CFI, GCEX, HEX, and Ripple, highlighting
Dubai's growing prominence in the crypto industry.
CoinMENA
FZE, a subsidiary of CoinMENA B.S.C. (c), has obtained a Virtual Asset Service
Provider (VASP) license for VA Broker-Dealer services from Dubai’s Virtual
Assets Regulatory Authority (VARA). This license allows the company to operate
and offer its services in and from Dubai.
CoinMENA
FZE's Dubai Venture with VARA License
Headquartered
in Bahrain, CoinMENA is licensed by the Central Bank of Bahrain as a crypto
asset service provider (category-3). CoinMENA FZE, licensed as a VASP for
Virtual Asset Broker-Dealer services by VARA, seeks to empower investors in the
MENA region by providing access to crypto asset investment options.
The
platform allows users to buy, sell, store, and receive digital assets securely,
along with deposit and withdrawal options in their local currency. Up
until now, CoinMENA has been serving clients in the UAE from its base in
Bahrain. With the newly acquired VARA license, CoinMENA FZE can now serve
clients from its Dubai Head Office, utilizing local banking services and
providing UAE-based users with the convenience of instant money deposits and
withdrawals.
CoinMENA’s
Co-Founders, Dina Sam’an and Talal Tabbaa, expressed their appreciation for the
regulatory clarity provided by VARA, highlighting Dubai's emergence as a global
hub for crypto and digital asset financial services. Sam’an emphasized the
importance of building strong relationships with local regulators, stating that
the VARA license strengthens their market position and instills confidence in
users and investors.
Tabbaa
added: “Dubai is at the forefront of crypto growth and innovation,” and working
with VARA will enhance their ability to serve institutional and retail users in
the Emirate while reducing fiat-to-crypto transaction costs.
Surge
in VARA Licenses Signals Cryptocurrency Approval Wave
In
a previous report, Finance Magnates
noted that Fasset
FZE secured a VASP license from VARA, enabling the provision of
broker-dealer services through its web3-based financial platform. This license
is part of a growing trend, with Crypto.com and Ripple obtaining VARA
licenses for virtual asset services.
Notably,
Crypto.com's
branch, CRO DAX Middle East FZE, achieved this milestone, while Ripple's XRP
gained approval for usage within the Dubai International Financial Centre,
marking a significant recognition under the DIFC's virtual assets framework.
This
development has positioned XRP as the first virtual asset to receive such approval.
Finance Magnates reported on the increasing number of cryptocurrency entities
securing VARA licenses, including CFI, GCEX, HEX, and Ripple, highlighting
Dubai's growing prominence in the crypto industry.
Kraken Boosts Australia Presence after Setback: Launches Derivatives Trading
FMLS:24 | Shaping the Next Era of Financial Evolution
FMLS:24 | Shaping the Next Era of Financial Evolution
Welcome to FMLS:24 – the premier event where influential brands and leaders in trading, payments, fintech, and digital assets come together!
Join over 2,500 industry professionals, engage with 150+ expert speakers, and discover endless opportunities with 70+ top exhibitors. FMLS:24 is where senior executives and decision-makers gather to close deals, forge new partnerships, and strengthen connections with long-term clients.
Whether you’re in finance, technology, or payments, this summit is your gateway to future growth, meaningful collaborations, and industry-leading insights.
👉 Don't miss out – secure your ticket now at https://events.financemagnates.com/ZQEYy0?utm_source=youtube&utm_campaign=fmls24-awareness&utm_medium=video&RefId=MLS%3A24+Video+Promo
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Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!
Welcome to FMLS:24 – the premier event where influential brands and leaders in trading, payments, fintech, and digital assets come together!
Join over 2,500 industry professionals, engage with 150+ expert speakers, and discover endless opportunities with 70+ top exhibitors. FMLS:24 is where senior executives and decision-makers gather to close deals, forge new partnerships, and strengthen connections with long-term clients.
Whether you’re in finance, technology, or payments, this summit is your gateway to future growth, meaningful collaborations, and industry-leading insights.
👉 Don't miss out – secure your ticket now at https://events.financemagnates.com/ZQEYy0?utm_source=youtube&utm_campaign=fmls24-awareness&utm_medium=video&RefId=MLS%3A24+Video+Promo
#fmls #fmls24 #fmevents #financemagnates #forex #payments #crypto #events #london #fintech #ai #generativeai #technology #onlinetrading #forex #investing #investors #tech
📣 Stay updated with the latest in finance and trading!
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FMLS:24 | Shaping the Next Era of Financial Evolution
FMLS:24 | Shaping the Next Era of Financial Evolution
Welcome to FMLS:24 – the premier event where influential brands and leaders in trading, payments, fintech, and digital assets come together!
Join over 2,500 industry professionals, engage with 150+ expert speakers, and discover endless opportunities with 70+ top exhibitors. FMLS:24 is where senior executives and decision-makers gather to close deals, forge new partnerships, and strengthen connections with long-term clients.
Whether you’re in finance, technology, or payments, this summit is your gateway to future growth, meaningful collaborations, and industry-leading insights.
👉 Don't miss out – secure your ticket now at https://events.financemagnates.com/ZQEYy0?utm_source=youtube&utm_campaign=fmls24-awareness&utm_medium=video&RefId=MLS%3A24+Video+Promo
#fmls #fmls24 #fmevents #financemagnates #forex #payments #crypto #events #london #fintech #ai #generativeai #technology #onlinetrading #forex #investing #investors #tech
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today:
🔗 LinkedIn: https://www.linkedin.com/showcase/financemagnates-events/
👍 Facebook: https://www.facebook.com/FinanceMagnatesEvents
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🐦 Twitter: https://twitter.com/F_M_events
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▶️ YouTube: https://www.youtube.com/@FinanceMagnates_official
Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!
Welcome to FMLS:24 – the premier event where influential brands and leaders in trading, payments, fintech, and digital assets come together!
Join over 2,500 industry professionals, engage with 150+ expert speakers, and discover endless opportunities with 70+ top exhibitors. FMLS:24 is where senior executives and decision-makers gather to close deals, forge new partnerships, and strengthen connections with long-term clients.
Whether you’re in finance, technology, or payments, this summit is your gateway to future growth, meaningful collaborations, and industry-leading insights.
👉 Don't miss out – secure your ticket now at https://events.financemagnates.com/ZQEYy0?utm_source=youtube&utm_campaign=fmls24-awareness&utm_medium=video&RefId=MLS%3A24+Video+Promo
#fmls #fmls24 #fmevents #financemagnates #forex #payments #crypto #events #london #fintech #ai #generativeai #technology #onlinetrading #forex #investing #investors #tech
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today:
🔗 LinkedIn: https://www.linkedin.com/showcase/financemagnates-events/
👍 Facebook: https://www.facebook.com/FinanceMagnatesEvents
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Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!
FM's Andrea Badiola Mateos at LSEG's Cyprus event
FM's Andrea Badiola Mateos at LSEG's Cyprus event
FM's Andrea Badiola Mateos at speaking in a panel discussion at LSEG's Cyprus event
FM's Andrea Badiola Mateos at speaking in a panel discussion at LSEG's Cyprus event
The Role of PAMM, MAM & Copy Trading in Business Growth Strategies | Webinar
The Role of PAMM, MAM & Copy Trading in Business Growth Strategies | Webinar
The copy trading market is projected to double in size, growing from $2.2 billion to $4 billion by the end of this decade. In light of this, brokers and financial institutions are increasingly adopting PAMM, MAM, and Copy Trading solutions to scale operations and drive profitability. In this insightful webinar, Sergey Ryzhavin, Product Owner at B2COPY, outlines the advanced features of the B2COPY platform, showcasing how it enhances Copy Trading, PAMM, and MAM performance. Sergey also explores strategies for using these tools to attract new clients, improve customer engagement, and create additional revenue streams.
📣 Stay updated with the latest in finance and trading!
Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today:
🔗 LinkedIn: https://www.linkedin.com/company/financemagnates/
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The copy trading market is projected to double in size, growing from $2.2 billion to $4 billion by the end of this decade. In light of this, brokers and financial institutions are increasingly adopting PAMM, MAM, and Copy Trading solutions to scale operations and drive profitability. In this insightful webinar, Sergey Ryzhavin, Product Owner at B2COPY, outlines the advanced features of the B2COPY platform, showcasing how it enhances Copy Trading, PAMM, and MAM performance. Sergey also explores strategies for using these tools to attract new clients, improve customer engagement, and create additional revenue streams.
📣 Stay updated with the latest in finance and trading!
Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today:
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Join us at FMLS:24 to connect with global institutional brokers. Secure your spot today! #fmls24
Join us at FMLS:24 to connect with global institutional brokers. Secure your spot today! #fmls24