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Dubai

Dubai’s VARA approves digital asset staking for VASPs under amended rule
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30 August, 2023

Dubai’s VARA approves digital asset staking for VASPs under amended rule

VARA's latest amendment opens doors for Dubai's custodial firms to stake digital currencies, eliminating extra licensing hurdles and attracting global...
Dubai licensing approach seen to empower global AI, Web3 firms
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22 August, 2023

Dubai licensing approach seen to empower global AI, Web3 firms

Dubai offers 90% subsidies in a new licensing system for AI and Web3 firms in an attempt to foster innovation...
OPNX violations land 3AC founders with $2.7M fine by Dubai’s VARA
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19 August, 2023

OPNX violations land 3AC founders with $2.7M fine by Dubai’s VARA

Dubai's VARA fines Three Arrows Capital founders $2.7 million for OPNX exchange violations and imposes fines on individual executives for...
Nomura subsidiary secures VASP license from Dubai’s digital asset regulator
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9 August, 2023

Nomura subsidiary secures VASP license from Dubai’s digital asset regulator

Dubai's VARA has granted Nomura-backed Laser Digital a VASP permit, allowing it to expand the scope of its offering to...
BitOasis license in Dubai suspended over non-compliance
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13 July, 2023

BitOasis license in Dubai suspended over non-compliance

Dubai's VARA announced on July 10 that the conditional license issued to BitOasis will remain "non-operational" until the exchange regularizes...
Dubai VARA releases schedule of fees for digital asset-related activities
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4 July, 2023

Dubai VARA releases schedule of fees for digital asset-related activities

Proprietary traders of digital currencies looking to operate in Dubai will be required to possess a no-objection certificate (NOC), according...
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