Hex Trust, a cryptocurrency custodian based in Hong Kong, has been awarded approval to provide its services in Dubai to institutional customers and investors. On November 15, the company was granted a full Virtual Asset Service Provider (VASP) license by the Virtual Asset Regulatory Authority (VARA) in Dubai. In February
Dubai’s Virtual Assets Regulatory Authority (VARA) has declared a crucial deadline for cryptocurrency firms seeking to operate under its new regulatory framework. According to VARA’s announcement on Tuesday, all digital asset service providers in Dubai “must complete” their licensing applications by November 17, 2023. VARA revealed that it has already
The cryptocurrency wallet Backpack has been granted a Virtual Asset Service Provider (VASP) license by the Dubai Virtual Assets Regulatory Authority (VARA), leading to the introduction of the Backpack Exchange. Backpack is only able to provide cryptocurrency exchange services in Dubai under its VARA license; it is not able to
The global web3 community is abuzz with excitement as QuillAudits announces its upcoming event, the QuillCon CXO Mixer – Dubai Edition, set to kick off on October 19, 2023. Following the resounding successes of QuillCon Goa and QuillCon Singapore, this Dubai edition is set to be a landmark event in
World’s longest-running crypto conference features 60+ leading blockchain speakers, including Dfinity/ICP founder Dominic Williams, Polygon co-founder Sandeep Nailwal; bitcoin pioneer Nick Spanos; Alphabit Fund managing director Liam Robertson and Satoshi Roundtable founder Bruce Fenton CoinAgenda, the longest-running conference in the blockchain industry, returns to Dubai for a three-day, all-inclusive event
The legal advisory landscape is undergoing rapid transformation in the United Arab Emirates, particularly in Dubai, where a new generation of techno-legal firms is taking centre stage. These firms are embracing “Law 2.0,” a forward-looking approach, to provide crucial compliance and regulatory assistance. Adding to it, Dubai’s proactive stance in
DUBAI, United Arab Emirates–(BUSINESS WIRE)–#token2049—TOKEN2049, the leading global Web3 and crypto conference, announced today its inaugural Dubai edition, which will be taking place from 18-19 April 2024. Held at Madinat Jumeirah, a world-class, luxury five-star resort, TOKEN2049 Dubai is set to welcome entrepreneurs, investors, developers, industry leaders, and global media as it transforms
The Virtual Asset Regulatory Authority (VARA) in Dubai has issued a full operating license to Nomura’s cryptocurrency joint venture Komainu, which also includes crypto businesses CoinShares and Ledger. The government of the UAE is encouraging crypto startups by providing funding and enacting laws that are friendly to the industry. Provisional
Dubai has begun granting commercial licenses to AI and Web3 businesses at a 90% subsidy. This is part of an effort to build an unparalleled hub of cutting-edge technology enterprises in the MENA region, Emerging tech center Dubai AI and Web 3.0 Campus has decided to subsidize licenses for businesses
FTX, the bankrupt crypto exchange, has recently reached an agreement on principle with Genesis to resolve the claims made by both firms in an ongoing lawsuit over Chapter 11 cases. In the latest development, the crypto exchange wants to remove its Dubai unit from the legal proceedings, according to court
