XRP, TON Cleared for Use in Dubai Financial Hub
The Dubai International Financial Centre (DIFC) has recognized two additional cryptocurrencies, Ripple’s XRP and TON, for use within its special economic zone. TonCoin (TON) and XRP have been approved by the Dubai Financial Services Authority (DFSA), the financial regulator of the Dubai International Financial Center’s special economic zone. Litecoin (LTC), Ethereum (ETH), and Bitcoin (BTC) […]
WadzPay Receives Initial Approval from Dubai VARA
The license permits WadzPay to initiate preparations for offering virtual asset services and activities under the VASP License for Transfer and Settlement and Broker/Dealer activities. The Dubai Virtual Assets Regulatory Authority (VARA) has issued an “Initial Approval” license to the cryptocurrency company WadzPay, signaling a pivotal step in the company’s pursuit of a Virtual Asset […]
Backpack Wallet to Launch VASP-licensed Crypto Exchange in Dubai
The Backpack crypto wallet has received an operational license from the Dubai Virtual Assets Regulatory Authority (VARA) to launch a cryptocurrency exchange. Backpack’s VARA license is restricted to crypto exchange services in Dubai and prohibits the company from offering any of its other virtual asset-related products or services. Backpack Exchange incorporates zero-knowledge (ZK) proof-of-reserves, multi-party […]
Visa Exec Says Crypto Cards Made $3B in Payments Volume
Visa executive Akshay Chopra discloses that the company’s partnerships with cryptocurrency exchanges have facilitated payments worth billions of dollars. According to a Visa executive, integrating traditional payment cards with cryptocurrency exchanges plays a crucial role in promoting the adoption of digital assets. During a panel at the Blockchain Economy Dubai Summit, Visa’s vice president, chief […]
Komainu Becomes Latest Crypto Firm to Gain Full License in Dubai
Komainu has received approval from Dubai’s Virtual Asset Regulatory Authority (VARA) to provide custody services to Dubai clients. The entire operating license for Komainu’s cryptocurrency custody service has been approved by Dubai’s Virtual Asset Regulatory Authority (VARA), which Nomura, Ledger, and Coinshares support. In November 2022, the business began the licensing process with the authority. […]