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 has officially launched HashKey Global MENA upon being granted a Virtual Asset Service Provider (VASP) license from the Virtual Assets Regulatory Authority (VARA) in Dubai. This is a significant milestone in HashKey’s growth strategy in the Middle East, and it makes the company a prominent player in the
The Financial Conduct Authority (FCA) has granted Coinbase its UK Virtual Asset Service Provider (VASP) registration. According to the press release, the exchange will now be able to offer crypto and fiat services to UK users under the UK’s regulations. This milestone makes Coinbase the biggest FCA-registered crypto exchange in
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
The United Nations Office on Drugs and Crime (UNODC) has urged Southeast Asian countries to take strong measures against unlicensed virtual asset service providers (VASPs) in a new report. According to a 142-page page released on October 8, the involvement of some VASPs in facilitating illegal transactions for cybercrime groups
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
Nigeria’s SEC has planned to take legal action against crypto exchanges and investors. Those who fail to abide by their regulatory frameworks. Nairametrics, a local Nigerian media has reported that Dr. Emomotimi Agama, the SEC Director-General is emphasizing that the committee is determined to protect investors. Similarly, in July, the
South Korea’s major telecom and financial giants, SK Telecom and Hana Financial Group, have become significant shareholders in BitGo. This was announced by Mike Belshe, BitGo CEO during the Korea Blockchain Week 2024 event in Seoul. Hana Financial Group, one of the largest financial institutions in South Korea, acquired a
The Seychelles National Assembly has approved the Virtual Asset Service Providers (VASP) Bill 2024, marking a significant step towards establishing a regulated environment for virtual assets. This legislation aims to align Seychelles with international standards, particularly those set by the Financial Action Task Force (FATF) while fostering an innovation-friendly financial
