D2A2’s main goal is to boost transparency through data and market intelligence. The organization will give digital asset businesses a space to unify their voices. Dubai Chamber of Digital Economy has announced the formation of the Dubai Digital Assets Business Group (D2A2), which aims to strengthen the role of the
FTX has received approval to enter Dubai’s MVP for VARA. Earlier this year, FTX started a transfer procedure for its operational MVP license. The region’s cryptocurrency regulator, the Virtual Asset Regulatory Authority, has approved FTX Exchange FZE (FTX) to participate in Dubai’s “Minimum Viable Product” (MVP) program for Virtual Assets
The Dubai Police is the first law enforcement agency in the world to mint NFTs. The Dubai Metaverse Strategy also aims to generate 40,000 employment. Just months after the previous collection saw over 23 million individuals express interest in purchasing them, Dubai Police is getting ready to launch its second
The company is dedicated to helping grow the UAE’s infrastructure and personnel. Dubai’s crown prince recently tweeted about the new metaverse plan. According to the Dubai virtual asset regulator, the Virtual Assets Regulatory Authority (VARA), OKX has been awarded a “provisional virtual assets license” to offer services to eligible investors
The metaverse would contribute $4 billion to Dubai’s economy in five years. It is hoped that future technologies will be used in Dubai to establish new job models. A new plan revealed on Monday seeks to make Dubai a worldwide center for the metaverse community and one of the top
CoinMENA has already received two digital asset licenses. License would allow CoinMENA to make its services available to institutional investors. Dubai’s Virtual Assets Regulatory Authority (VARA) has granted a provisional virtual asset license to CoinMENA, a Bahrain-based digital asset exchange. The interim authorization enables CoinMENA to continue operating in Dubai
FIVE Hotels and Resorts, a Dubai-based hospitality firm, has announced that it would now accept Bitcoin and Ethereum as payment for its services. Switzerland’s pro-crypto legislation has prompted the company’s decision, which is linked to the company’s recent expansion effort. It has always been the company’s goal to be at
DAMAC Properties is able to reduce the price volatility risk by using a reliable financial middleman. Trustworthy middleman was hired to assist the transactions. DAMAC Properties, a Dubai-based real estate developer has made cryptocurrency deals worth $50 million since the beginning of the year. DAMAC is the first Real Estated
The country’s Virtual Assets Regulatory Authority (VARA), was founded in March. Many other crypto exchanges have relocated their headquarters to Dubai. The authorities in Dubai have granted provisional approval for the operation of Crypto.com, one of the fastest-growing exchange platforms in the crypto business. The country’s Virtual Assets Regulatory Authority
The task force hopes to create virtual equivalents for 42,000 positions. Dubai aims to raise its GDP by 1% by banking on the metaverse potential. The Dubai government has announced the creation of a task group to monitor the most recent advances in the digital economy and to take advantage
