Dubai Customers Launches Blockchain Platform
An innovative blockchain platform has been implemented by Dubai Customs to increase efficiency and transparency in trade between Dubai and other nations. This new blockchain network will help Emirates’ ambitions to increase non-oil trade while enhancing Dubai’s business environment by increasing supply chain efficiency . It also fits in with Dubai’s big plans for digital […]
Binance’s Dubai Branch Receives VASP License
Binance’s branch in Dubai, Binance FZE, has been given a license to provide virtual assets by Dubai’s cryptocurrency regulator. On Wednesday, the virtual asset exchange Binance announced that Dubai’s Virtual Assets Regulatory Authority (VARA) has granted its Dubai office, Binance FZE, a Virtual Asset Service Provider (VASP) license. In a blog post, the exchange revealed […]
Binance Obtains Full Dubai VASP License, CZ Gives Up Control
Binance, the largest digital asset exchange, receives a full Dubai VASP license. Co-founder CZ’s voting control relinquishment shows the company’s regulatory compliance. Binance Holdings Ltd. has accomplished a notable milestone by obtaining a full Virtual Asset Service Provider (VASP) license in Dubai . This accomplishment exemplifies Binance’s dedication to managing the intricate regulatory environment during […]
Dubai’s VARA Grants Operational Approval to Crypto.com
Dubai’s Virtual Assets Regulatory Authority (VARA) has granted full operational approval to Crypto.com’s Dubai-based subsidiary, CRO DAX Middle East FZE. The notification from April 9 states that Crypto.com successfully fulfilled the pre-operational requirements listed in the Virtual Asset Service Provider Licence provided to CRO DAX Middle East FZE in November 2023, when VARA gave operational […]
Crypto Derivatives Platform Deribit Relocates Headquarters to Dubai
After securing a regulatory license, Deribit is set to move its headquarters to Dubai to provide spot and crypto derivatives trading, such as futures and options. Deribit announced on April 2 that Dubai’s Virtual Asset Regulatory Authority (VARA) has granted a Virtual Asset Service Provider (VASP) license to Deribit FZE, the group’s Dubai affiliate. Thanks to […]