{"id":35682,"date":"2022-09-09T18:14:07","date_gmt":"2022-09-09T22:14:07","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=35682"},"modified":"2022-09-14T18:45:07","modified_gmt":"2022-09-14T22:45:07","slug":"blockchain-com-receives-permission-from-dubais-vara","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/blockchain-com-receives-permission-from-dubais-vara\/","title":{"rendered":"Blockchain.com receives permission from Dubai&#8217;s VARA"},"content":{"rendered":"\n<h5 class=\"wp-block-heading\" id=\"h-dubai-s-virtual-assets-regulatory-authority-has-approved-blockchain-com-to-operate-crypto-related-services\">Dubai's Virtual Assets Regulatory Authority has approved Blockchain.com to operate crypto-related services<\/h5>\n\n\n\n<figure class=\"wp-block-image aligncenter size-large\"><img decoding=\"async\" src=\"https:\/\/app.builtin.com\/cdn-cgi\/image\/quality=80,width=752,height=435\/https:\/\/builtin.com\/sites\/www.builtin.com\/files\/styles\/byline_image\/public\/2022-07\/cryptocurrency-coins-crypto-trading-platform.png\" alt=\"Blockchain.com receives permission from Dubai's VARA\" \/><figcaption>Dubai permits Blockchain.com office: Report<\/figcaption><\/figure>\n\n\n\n<p>Blockchain.com has received permission from <a href=\"https:\/\/www.google.com\/search?q=dubai+virtual+assets+regulatory+authority&sxsrf=ALiCzsYEOZz__QpM2dSnBSaMngfunb_43A%3A1663194318527&ei=zlQiY4vfH871kwXGhpfYDw&oq=dubai+virt&gs_lcp=Cgdnd3Mtd2l6EAEYBTIFCAAQkQIyBQgAEIAEMgUIABCABDIFCAAQgAQyBQgAEJECMgUIABCABDIFCAAQkQIyBQgAEIAEMgUIABCABDIFCAAQgAQ6CggAEEcQ1gQQsAM6BAgjECc6CAgAEIAEELEDOgsIABCABBCxAxCDAToICAAQsQMQkQI6CwgAELEDEIMBEJECSgQIQRgASgQIRhgAUO0FWMYSYPAraAFwAXgAgAGdBYgBvheSAQczLTEuMi4zmAEAoAEByAEIwAEB&sclient=gws-wiz\" target=\"_blank\" rel=\"noopener\">Dubai's Virtual Assets Regulatory Authority<span class=\"wpil-link-icon\" title=\"Link goes to external site.\" style=\"margin: 0 0 0 5px;\"><svg width=\"24\" height=\"24\" style=\"height:16px; width:16px; fill:#000000; stroke:#000000; display:inline-block;\" viewBox=\"0 0 24 24\" version=\"1.1\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" xmlns:svg=\"http:\/\/www.w3.org\/2000\/svg\"><g id=\"wpil-svg-outbound-7-icon-path\" fill=\"none\" clip-path=\"url(#clip0_31_188)\">\r\n                            <path d=\"M9.16724 14.8891L20.1672 3.88908\" stroke-linecap=\"round\"\/>\r\n                            <path d=\"M13.4497 3.53554L20.5208 3.53554L20.5208 10.6066\" stroke-linecap=\"round\" stroke-linejoin=\"round\"\/>\r\n                            <path d=\"M17.5 13.5L17.5 16.26C17.5 17.4179 17.5 17.9968 17.2675 18.4359C17.0799 18.7902 16.7902 19.0799 16.4359 19.2675C15.9968 19.5 15.4179 19.5 14.26 19.5L7.74 19.5C6.58213 19.5 6.0032 19.5 5.56414 19.2675C5.20983 19.0799 4.92007 18.7902 4.73247 18.4359C4.5 17.9968 4.5 17.4179 4.5 16.26L4.5 9.74C4.5 8.58213 4.5 8.0032 4.73247 7.56414C4.92007 7.20983 5.20982 6.92007 5.56414 6.73247C6.0032 6.5 6.58213 6.5 7.74 6.5L11 6.5\" stroke-linecap=\"round\"\/>\r\n                        <\/g>\r\n                        <defs>\r\n                            <clipPath id=\"clip0_31_188\">\r\n                                <rect fill=\"white\" height=\"24\" width=\"24\"\/>\r\n                            <\/clipPath>\r\n                        <\/defs><\/svg><\/span><\/a>, or VARA, which has granted regulatory permission to Blockchain.com, a platform for bitcoin exchange and blockchain wallets.<\/p>\n\n\n\n<p>Reuters reported on Friday that VARA had inked a contract allowing Blockchain.com to establish a presence in Dubai. <\/p>\n\n\n\n<p>Currently, the cryptocurrency company has offices spread across North America, Europe, South America, and Singapore.<\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\"><div class=\"wp-block-embed__wrapper\">\nhttps:\/\/twitter.com\/OneMorePeter\/status\/1568290795152883719?s=20&#038;t=oSYSoSPsfelvoRAZoQAg4Q\n<\/div><\/figure>\n\n\n\n<p>Since Dubai's ruler and prime minister Sheikh Mohammed bin Rashid Al Maktoum announced the creation of the cryptocurrency regulator and a corresponding law in March. <\/p>\n\n\n\n<p>VARA has given the go-ahead for the subsidiaries of Crypto.com, OKX, and FTX to provide services relating to cryptocurrencies in the emirate. <\/p>\n\n\n\n<p>Al Maktoum also unveiled a metaverse strategy in July with the goal of creating more than 40,000 virtual jobs in Dubai by the year 2030.<\/p>\n\n\n\n<p>Blockchain.com, one of the first <a href=\"https:\/\/coinscreed.com\/staging\/bitcoin-futures-market-is-now-bigger-than-ever.html\">Bitcoin <\/a>(BTC) infrastructure companies, is striving for regulatory approval in Italy, France, Spain, and the Netherlands. Blockchain.com is based in London. <\/p>\n\n\n\n<p>The Cayman Islands Monetary Authority gave Blockchain.com official permission to run an exchange and offer custodial services in August.<\/p>\n\n\n\n<p> The cryptocurrency company was allegedly valued at $14 billion following a fundraising round in March.<\/p>\n\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Dubai&#8217;s Virtual Assets Regulatory Authority has approved Blockchain.com to operate crypto-related services Blockchain.com has received permission from Dubai&#8217;s Virtual Assets Regulatory Authority , or VARA, which has granted regulatory permission to Blockchain.com, a platform for bitcoin exchange and blockchain wallets. Reuters reported on Friday that VARA had inked a contract allowing Blockchain.com to establish a [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[5392,202],"class_list":["post-35682","post","type-post","status-publish","format-standard","hentry","category-news","tag-cryptocurrency-2","tag-blockchain"],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/35682","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=35682"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/35682\/revisions"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=35682"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=35682"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=35682"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}