
Dubai Steps Up Crypto Regulation with New Marketing Guidelines
The new guidelines for marketers cover various topics such as appropriate language usage, specific disclosure requirements, and ethical marketing considerations.
The new guidelines for marketers cover various topics such as appropriate language usage, specific disclosure requirements, and ethical marketing considerations.
The rollout of Global Retail Services builds on a series of key accomplishments for Crypto.com.
The collaboration will see Nomura try to launch stablecoins for the yen and the dollar to users in the Japanese market.
As a member of Adan, Crypto.com joins Binance, Bitpanda, OKX, and several crypto heavyweights to push for crypto and blockchain development.
Binance FZE, the global exchange’s Dubai arm, can now fully operate in the city after authorities awarded the company a full license.
To obtain a regulatory license in Dubai through VARA, crypto companies must first pay the initial approval fees, which amount to approximately AED 1,035, equivalent to $282, along with a registration fee of AED 9,020, which is about $2,456.
The collaboration between Dubai and Crypto.com is anticipated to be beneficial for both parties as the UAE seeks to revolutionize its financial sector through cryptos.
The leading crypto derivatives platform Deribit has obtained a conditional VASP license from Dubai’s VARA and is relocating its HQ to Dubai. Luuk Strijers steps in as CEO to enhance global operations.
Following the approval of its license by the Dubai Virtual Assets Regulatory Authority, OKX will be offering spot services and spot pairs to UAE residents. This comes as the country is establishing itself as a welcoming hub for crypto business.
GC Exchange FZE (GCEX), part of the GCEX Group, has been granted an Operational VASP Licence for VA Broker Dealer services from Dubai’s Virtual Asset Regulatory Authority (VARA).
It might be interesting to note that those running the affairs of Backpack Exchange intend to take a cue from FTX.
GameFi, much like crypto itself, has had an impressive run that proved its potential while at the same time highlighting many weaknesses and challenges.
VARA is exercising its authority to supervise and monitor compliance, assure fulfillment of prescribed conditions, impose remedial measures, and take necessary enforcement actions, including but not limited to holding BitOasis’ License status as non-operational.
OKX Middle East had been offering certain products and services in the region since last July.
UAE to serve as strategic global and regional business hub, OKX to expand to 30 staff.