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
The Virtual Asset Regulatory Authority (VARA) of Dubai has issued a full crypto license to Laser Digital, the cryptocurrency division of the Japanese banking giant, Nomura. Last Thursday, Dubai approved Laser Digital’s license, allowing the company to legally provide its services to both consumers and businesses. According to a press
Due to BitOasis’s failure to comply with regulatory requirements within the allotted time limit, the crypto regulator in Dubai has suspended the exchange’s operating license. Two notices were issued on July 10 by the Virtual Assets Regulatory Authority (VARA). Stating that enforcement action had been taken against BitOasis and that
Ripple (XRP) is gaining a fresh push in the trading price after a two weeks decline. In the last 24 hours, the coin has witnessed a 1.38% surge. This may not seem huge, but the start is bringing positive momentum among XRP holders. As the week began, major cryptos like
The Virtual Asset Regulatory Authority (VARA) of Dubai has given the next-generation cryptocurrency exchange MaskEX initial approval to start making plans to launch in the United Arab Emirates (UAE). The approval is a significant step for MaskEX, which has been working hard to increase its footprint in the Middle East and spread awareness
According to CEO Brad Garlinghouse, Ripple will specifically expand to the city of Dubai. This news was also shared by Garlinghouse during today’s Dubai Fintech Summit as the major crypto solution provider has revealed plans for growth. Middle Eastern consumers and regulations were two of the main considerations cited by
United Arab Emirates (UAE) country has again impressed a well-known crypto market person. Coinbase’s CEO, Brian Armstrong, made a positive remark about the nation’s crypto growth potential. Something Big is coming 🚀🚀🚀#Coinbase in Dubai ❤️😀 https://t.co/qtaFWMzgpU — Rohit M (@rohitcryptogeek) May 8, 2023 In his tweet, Brian mentions the UAE
According to a recent statement posted to its website, the regulator has taken the unusual step of issuing a formal reprimand to OPNX, an entity launched out of the crypto trading platform Coinflex, which has links to both Davies and Zhu. “VARA became aware of OPNX soliciting, and collecting personal
The professional crypto derivative exchange Bitunix announced a $10 million investment from Dubai investors. On last week, officials of the crypto derivative exchange announced established Dubai office to compliance capture the global crypto market. Owing to the open, friendly, and relaxed cryptocurrency environment given by the government, Dubai has developed
Crypto exchange Bybit confirmed the opening of its global headquarters in Dubai — the most crypto-friendly hub in the United Arab Emirates (UAE). On Monday, the crypto entity debuted its “new home” after receiving in-principal approval from Virtual Assets Regulatory Authority (VARA) last March for operating in this emirate. Bybit
