Dubai has taken a bold step toward integrating blockchain technology into its real estate sector, launching a pilot phase for converting property assets into digital tokens. The Dubai Land Department (DLD), the government body overseeing real estate regulation and registration, announced the initiative in partnership with the Dubai Future Foundation ...
Dubai’s financial regulators are set to launch the country’s first Tokenization Regulatory Sandbox, inviting crypto firms to participate in a controlled testing environment. According to an official announcement, registrations will be open from March 17 to April 24 under the supervision of the Dubai Financial Services Authority (DFSA). The initiative, ...
Dubai is once again set to host the second edition of the Middle East Blockchain Awards (MEBA) on April 29, 2025 at the Jumeirah Burj Al Arab. The event's organizers, Hoko Group, announced in a February 6 press release that it retains its goal to recognize individual and organizational contributions ...
HashKey Group announced on January 13, 2025, that its subsidiary in the Middle East and North Africa has received conditional approval for its Virtual Asset Service Provider (VASP) license application from the Dubai Virtual Assets Regulatory Authority. The license will allow HashKey's MENA FZE subsidiary to offer Virtual Asset Exchange ...
Dubai-based crypto exchange BitOasis reached a significant regulatory milestone by obtaining a full Virtual Asset Service Provider (VASP) license from Dubai's Virtual Assets Regulatory Authority (VARA). The exchange revealed this in an announcement on December 9. The license enables the crypto exchange to offer a comprehensive range of crypto services, ...
Dubai, Switzerland, and South Korea have been identified as the top global hubs for cryptocurrency businesses in 2024, according to a recent report by Social Capital Markets(SCM). SCM stated that it judged the countries based on five key parameters: clarity of laws, capital gains tax rate, corporate income tax rate, ...
Dubai's Virtual Asset Regulatory Authority (VARA) is tightening regulations for companies marketing cryptocurrency investments. According to a recent Bloomberg report, VARA outlined new rules requiring firms to include a disclaimer in their promotional materials. The crypto regulator emphasized that a disclaimer must be visible, stating that "virtual assets can lose ...
Bybit has obtained a provisional licence in Dubai two years after establishing its headquarters there. The crypto exchange, which is the second-largest by derivatives volume, noted in a recent press release that it has received a non-operational licence from the Virtual Asset Regulatory Authority (VARA). The provisional license allows Bybit ...
Laser Digital, the crypto unit of Japanese banking giant Nomura, has been granted a full crypto license by Dubai's Virtual Asset Regulatory Authority (VARA). The Virtual Asset Service Provider (VASP) allows the firm to carry out broker-dealer & management and investment services. This VARA license is granted to VASPs that ...
Dubai's Virtual Assets Regulatory Authority (VARA) has issued a written notice to the co-founders of Three Arrow Capital, Su Zhu, and Kyle Davies, for operating and promoting a digital-asset exchange, OPNX, without the necessary local license. According to Bloomberg, VARA is currently investigating the activities of OPNX and has stated ...
