Tag: VARA

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 ...

Deribit FZE, the Dubai entity of Deribit Group, has obtained a conditional Virtual Asset Service Provider (VASP) licence from Dubai's Virtual Asset Regulatory Authority (VARA).  According to a recent statement published by the platform, the licence covers spot and derivatives trading and will remain non-operational until Deribit fully satisfies all ...

Crypto.com has obtained a VASP License from Dubai's VARA and is proceeding to the final stage of regulatory approval for virtual asset services in the region. The crypto exchange announced this development in an official statement published on November 14, 2023.  In the statement, crypto.com noted that the licence positions ...

Binance, through its subsidiary, Binance FZE, has successfully acquired an Operational Minimum Viable Product licence from Dubai's Virtual Assets Regulatory Authority (VARA).   In a blog post on July 31, 2023, the exchange announced that VARA had granted it the necessary authorization to provide virtual asset exchange services and virtual asset ...

Dubai's digital asset regulator, Virtual Assets Regulatory Authority (VARA), has taken a regulatory enforcement action against BitOasis, a prominent cryptocurrency exchange in the Middle East.  On July 10, 2023, VARA issued a market alert stating that it has suspended BitOasis' operational licence and is currently conducting a thorough evaluation of ...

Bybit FinTech FZE, a subsidiary of Bybit, has achieved another milestone in its quest to establish its operations in the United Arab Emirates.  On June 27, 2023, the exchange announced that it had obtained the Minimum Viable Product (MVP) Preparatory Licence from Dubai's Virtual Assets Regulatory Authority (VARA). This new ...