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 its processes with the regulator.
Latest Virtual Assets Regulatory Authority News
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 to the Dubai VARA’s official report.
OKX receives ‘preparatory’ license from Dubai’s VARA after Canada exit
The Dubai Virtual Assets Regulatory Authority license lays the foundation for OKX to obtain a full-scale license in the coming months to offer digital currency services in the region.
Like Hong Kong, UAE wants to become digital currency capital of the world too
The ambitious plan will see the United Arab Emirates moving 50% of all government transactions to the blockchain, a clear statement of intent to pursue its digital currency goals.
3AC founders draw ire of Dubai regulator over new project
VARA notes that OPNX crossed its radar in February when the project began collecting personal data from customers, and in its latest advisory, the regulator stated that it would closely monitor OPNX.
Binance under regulatory fire in Australia and Dubai, CZ resigns Irish directorships
Binance is feeling the regulatory walls closing in as authorities question the reputational damage of appearing to approve of the controversial digital asset exchange.
UAE digital asset regulator revokes FTX’s operational license following implosion
Dubai's VARA has revoked the regional operating license of FTX MENA Minimum Viable Product, while other VASPs in the country have been mandated to fully disclose their exposure to FTX.
Dubai virtual assets regulatory body launches sandbox-based metaverse HQ
MetaHQ is a virtual office in sandbox—a blockchain-based 3D virtual open world, which will enable the regulator to have first-hand experience of the industry it was set up to regulate.
Dubai sets up watchdog as part of landmark digital assets law
The newly formed Virtual Assets Regulatory Authority will oversee the industry in all emirate’s special development and free zones, except the Dubai International Financial Centre.