Dubai Offers 90% Discount on Licenses for AI, Web3 Companies
The city of Dubai is providing commercial licenses for web3 and artificial intelligence (AI) enterprises at a 90% discount. Campus wants to attract companies, with the Dubai International Financial Centre assisting in awarding these licenses. Interested businesses must fill out an application. Dubai is also encouraging growth in tech by granting operating licenses to Bitcoin […]
OPNX, Founders Fined $2.8M by Dubai Regulator
OPNX, a crypto exchange co-founded by former hedge fund managers Kyle Davies and Su Zhu, has been fined nearly $2.8 million by the Dubai regulator VARA for violating market rules. The exchange has not paid its fine yet, while the founders and other executives have settled their penalties. VARA, the Virtual Asset Regulatory Authority of […]
Phoenix Technology Reportedly Plans an IPO in UAE
According to a report by Bloomberg, crypto mining hardware retailer Phoenix Technology is planning an initial public offering (IPO) in Abu Dhabi, UAE. Phoenix Technology, a mining operator based in the UAE, is constructing one of the most extensive mining facilities in the Middle East. The corporation holds distribution rights for various tech hardware manufacturers […]
Here Are The Reasons To Sell USDT In Dubai
Digital currencies, such as USDT (Tether), are gaining widespread popularity among individual traders worldwide. As a stablecoin, it provides a secure and efficient means to conduct transactions, which is particularly advantageous for traders in regions with challenging economies or unstable currencies. Dubai is one such example where selling USDT can present a remarkable opportunity for […]
Crypto.com secures MVP preparatory license from Dubai regulator
Crypto.com confirmed today that it has received its MVP Preparatory License from Dubai’s Virtual Assets Regulatory Authority (VARA). After receiving provisional clearance from the Dubai authority in 2022, the exchange was granted this operating license for the preliminary phase. The MVP license enables the exchange to meet the requirements to operate in accordance with the […]