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VARA
MultiBank Sets Up in UAE with MEX Digital’s VARA License for Crypto Assets
- The firm reports net assets exceeding $583 million and daily trading volumes of $15.6 billion.
- It serves over one million traders in 90 countries and operates under 15 global licenses.
Friday, 11/10/2024 | 16:42 GMT by
Tareq Sikder
Crypto Firms Must Toe the Line with Dubai VARA’s Compliance Regulations
- Companies promoting digital assets must include a visible warning that they may lose value and are highly volatile.
- This announcement has followed an agreement between VARA and the SCA.
Thursday, 26/09/2024 | 10:48 GMT by
Tareq Sikder
Binance Receives Full Operational Approval for Crypto Services in Dubai
- The approval has followed a prior Operational MVP license, enabling institutional services and crypto activities.
- Changpeng Zhao was reportedly required to forfeit voting control as a condition of the license.
Thursday, 18/04/2024 | 09:52 GMT by
Tareq Sikder
VARA’s CEO Proposes Cost-Sharing Model to Support Small Crypto Businesses
- As proposed, crypto giants could aid smaller entities by sharing compliance costs.
- In November 2023, UAE regulators outlined fines for unlicensed virtual asset service providers.
Thursday, 11/04/2024 | 10:40 GMT by
Tareq Sikder
OKX Cements Middle East Presence: Secures Crypto License in Dubai
- The license will allow the platform to offer spot services and spot pairs to institutional and qualified retail customers.
- It remains non-operational until the remaining conditions and local requirements are met.
Tuesday, 16/01/2024 | 07:15 GMT by
Arnab Shome
CoinMENA FZE Secures VASP License for VA Broker-Dealer Services in Dubai
- 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.
Tuesday, 12/12/2023 | 12:26 GMT by
Tareq Sikder
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