Thu, November 21

Dubai VARA Charges Against 7 Unlicensed Crypto Entities

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

October 10, 2024 2 mins read

Dubai Tightens Marketing Regulations for Crypto Investments

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

September 26, 2024 1 min read

UAE Boosts Virtual Asset Leadership with SCA and VARA

The United Arab Emirates (UAE) has taken a significant step towards solidifying its position as a global leader in virtual assets. A new cooperation agreement between the Securities and Commodities Authority (SCA) and Dubai’s Virtual Assets Regulatory Authority (VARA).  The agreement was signed in September 2024 at the SCA’s Dubai

September 11, 2024 2 mins read

Nine Blocks Secures Crypto License from Dubai’s VARA

The crypto hedge fund Nine Blocks Capital Management claims to be the first to get a license from Dubai’s Virtual Assets Regulatory Authority (VARA). On Monday, the hedge fund also announced that it will be relocating its worldwide headquarters to Dubai. Nine Blocks co-founder Henri Arslanian stated: “I think what’s

November 27, 2023 1 min read

Dubai’s VARA Undergoes Leadership Change as CEO Steps Down

It was recently revealed that Henson Orser will be leaving his post as CEO of Dubai’s Virtual Asset Regulatory Authority (VARA). Meanwhile, VARA consultant and PwC partner Mathew White will be taking over as CEO. In a statement, VARA reportedly confirmed Henson Orser’s departure and stated their selection of Matthew

November 16, 2023 2 mins read

Crypto Custodian Hex Trust Secures Full VASP License in Dubai

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

November 15, 2023 1 min read

Dubai Issues a Deadline for Crypto Projects

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

November 8, 2023 1 min read

Dubai’s VARA Grants Full Crypto License to Laser Digital

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

August 1, 2023 2 mins read