Dubai is launching the Middle East’s first tokenized real estate platform, Prypco Mint, and marking a new milestone in property investment. The Gulf News reported on May 25 that this measure is being led by the Dubai Land Department and focuses on making property investment more accessible. The pilot platform
The crypto regulator of Dubai has given a deadline of June 19 to various digital assets companies to comply with its updated activity-based rulebooks to boost market integrity as well as risk oversight. Dubai’s Virtual Assets Regulatory Authority (VARA) publicized on May 19 that it had launched Version 2.0 of
HashKey Group, one of the biggest digital asset financial services providers, has received an In-Principle Approval (IPA) for the Virtual Asset Service Provider (VASP) license from the Dubai Virtual Assets Regulatory Authority (VARA). This approval came after registration approval from the VASP, the Central Bank of Ireland, only a week
BitOasis, a prominent virtual assets platform in the Middle East and North Africa (MENA), has secured a full Virtual Asset Service Provider (VASP) license from Dubai’s Virtual Assets Regulatory Authority (VARA). The operational license journey began with a provisional permit granted in 2022, after VARA’s establishment. This allowed BitOasis to
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 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
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
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
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
