Dubai’s Virtual Assets Regulatory Authority (VARA) has taken significant action by issuing cease-and-desist orders against seven cryptocurrency entities. These firms operated without the necessary licenses and violated marketing regulations. As a result, VARA imposed fines ranging from AED 50,000 to AED 100,000 (approximately $13,600 to $27,200) on each entity. This
The crypto-friendly country of Dubai is stepping up its approach to marketing virtual asset investments as the city’s crypto sector continues to grow. Dubai’s Virtual Asset Regulatory Authority (VARA) has announced new marketing regulations that will take effect on October 1, 2024. This initiative marks the UAE’s first significant move
The vibrant city of Dubai was abuzz with excitement as blockchain enthusiasts, investors, and industry professionals came together for the highly anticipated “Blockchain Revolution Night: The Digitalization of Philanthropy.” This landmark event, hosted by LBank in collaboration with CRYN Coin, was a resounding success, marking a significant milestone in the
The blockchain community came together for an unforgettable evening at the “Blockchain Networking Night,” a prestigious event hosted by LBank and SaitaChain at Boulevard Plaza Tower 2, Downtown Dubai. This exclusive gathering attracted 65 attendees, including blockchain enthusiasts, industry professionals, and investors, creating a vibrant atmosphere for networking and knowledge
The decision by the Dubai Court of First Instance to acknowledge crypto wage payments as legitimate under employment contracts is a major development in the UAE judiciary’s views on crypto. According to Irina Heaver, a partner at the UAE legal company NeosLegal, the decision in case number 1739 of 2024
InternetShine Technologies is thrilled to announce the highly anticipated seventh edition of the FiNext Conference, set to take place in the vibrant city of Dubai. As a premier event in the financial technology sector, FiNext has consistently driven innovation, and this upcoming edition promises to continue that tradition. Join us
The first Qualifier round of FutureTech World Cup, one of the new initiatives launched by Dubai AI & Web3 Festival & Trescon to recognise and support the most promising emerging tech start-ups from around the world, was hosted successfully by the Dubai AI Campus on July 10, 2024. Ten pre-qualified
A new blockchain platform has been launched by Dubai Customs. With the objective of easing bottlenecks in the supply chain both inside and outside of Dubai. According to a statement released on July 8 by the Dubai Media Office, the blockchain solution was introduced as a component of a larger
The legendary Blockchain Life 2024 will return for its 13th edition on October 22-23. As Dubai gains a reputation as a global crypto hub, the forum is set to be the central event of this year. With the highly anticipated peak of the crypto market growth still ahead, the forum
The Middle East Employee Well Being Summit, organized by IBEForuM , was held on the 28th and 29th of May 2024 at the prestigious Radisson Blu in Dubai. The event was a monumental success, drawing attendees from around the globe and featuring over 14+ sponsors, 20+ distinguished speakers and more
