These guidelines apply to all Virtual Assets Service Providers (VASPs) in the area. The objectives of the VARA apply to all kinds of outreach. Cryptocurrencies were always intended be utilized widely. Many large organizations and countries have publicly stated their support for cryptocurrency. In particular, Dubai has been on the
The firm’s mission includes spreading and improving crypto’s presence in the UAE. Dubai has earned a reputation as a crypto-friendly destination. Virtuzone has teamed with Binance to accept cryptocurrency for commercial transactions in the United Arab Emirates (UAE). The company’s new goals will be made possible through the use
Almost 60% of US retailers accept crypto as payment. Now Dubai Day To Day hypermarket is taking the first step and accepting crypto now. As cryptocurrencies gain popularity, more businesses are now accepting them as a form of payment. The biggest economies, like the United States, Germany, Canada, and now
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
