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 ...
