Lending Platform Nexo Receives Preliminary License in Dubai
The Virtual Assets Regulatory Authority of the Emirates has granted preliminary approval to Nexo’s cryptocurrency lending platform’s Dubai subsidiary. The initial sanction for virtual asset lending and borrowing, management and investment, and broker-dealer services have been granted to Nexo Services FZE, according to an announcement published on March 5 and forwarded to Cointelegraph via email. […]
OKX Dubai Receives Conditional Crypto License from Regulator
Dubai’s Virtual Assets Regulatory Authority (VARA) issued a virtual asset service provider (VASP) license to the OKX Dubai subsidiary. Despite receiving the license, OKX emphasized that the organization would maintain a “non-operational” status until it could satisfy the regulatory obligations. OKX’s general manager for the Middle East and North Africa region, Rifad Mahasneh, told Cointelegraph […]
Fasset Receives VASP Operational License in Dubai
Digital asset investment platform Fasset has been granted a Virtual Asset Service Provider (VASP) license from regulators in Dubai, allowing it to operate legally in the emirate. Fasset’s VASP license enables the organization to conduct broker-dealer services in Dubai legally. The license conditions permit the platform to cater to retail, ” qualified,” and local institutional […]
Taurus Targets Tokenized Real Estate Market With Dubai Office
As tokenization gathers traction globally, Taurus intends to build a position in the housing sector of the United Arab Emirates (UAE). The Swiss cryptocurrency startup Taurus has opened a new office in the United Arab Emirates, hoping to capitalize on the expanding discourse surrounding tokenized real-world assets (RWAs) and the anticipated rise in Dubai’s real […]
Dubai’s VARA Sets Licensing Deadline for Crypto Firms
Dubai’s Virtual Asset Regulatory Authority (VARA) has set a new deadline for all crypto-related businesses to clear their licensing papers. Local cryptocurrency businesses have been ordered by Dubai’s Virtual Assets Regulatory Authority (VARA) to register or receive a license by November 17 at the latest. According to the statement, companies may only be allowed to […]