Fun

News Feed - 2023-08-01 10:08:00

Hermi De Ramos10 hours agoNomura’s crypto arm Laser Digital bags Dubai VARA licenseLaser Digital said it would also launch trading and asset management operations in the coming months, including over-the-counter service.3293 Total views16 Total sharesListen to article 0:00NewsJoin us on social networksThe crypto arm of Nomura has obtained an operating license from Dubai’s Virtual Asset Regulatory Authority (VARA) amid the Japanese financial holding firm’s attempts to leave its mark in the digital asset space.


Laser Digital Middle East FZE, Nomura’s Dubai-based digital asset subsidiary, announced on Aug. 1 that the new virtual asset service provider (VASP) license would allow it to offer broker-dealer and virtual asset management and investment services in the emirate.


Additionally, the permit allows the firm to conduct trading and asset management operations in the coming months, including over-the-counter services and a “range of digital asset investment products and solutions,” the announcement said.


“VARA’s thorough and consultative process provides institutional investors with the assurance they require to engage in this asset class,” said Jez Mohideen, CEO of Laser Digital. “With the license now in place, we are looking forward to Laser’s growth over the coming years.”


Laser Digital and VARA haven’t responded to Cointelegraph’s request for further comments as of publication time.


Founded in September 2022 by Nomura, Laser Digital was the brainchild of Steven Ashley, the former head of Nomura’s wholesale division, along with Mohideen, who served as the holding’s former chief digital officer and co-head of global markets for Europe, Middle East and Africa. It’s headquartered in Switzerland and has offices in Dubai and London.


Related:Bybit’s MVP license in Dubai ‘very restricted,’ CEO says


Dubai’s growing crypto ecosystem has attracted global attention, having established its own virtual assets rules and regulatory body in March 2022. In February, the emirate’s virtual asset regulator issued its “Full Market Product Regulations,” which include four compulsory rulebooks and activity-specific rulebooks that lay down the rules for VASPS.


Laser Digital’s new license comes on the heels of Binance reaching another milestone in cementing its foothold in the United Arab Emirates. On July 31, Binance’s Dubai subsidiary, Binance FZE, obtained an operational minimum viable product (MVP) from VARA to operate cryptocurrency exchange and virtual asset broker-dealer services locally.


Aside from Binance, digital asset custodians Komainu MEA and Hex Trust MENA FZE are the only holders of operational MVP permits. Crypto exchange BitOasis, which also secured the same conditional license, had its permit suspended by VARA for not meeting mandated conditions.


Magazine: ‘Elegant and ass-backward’: Jameson Lopp’s first impression of Bitcoin# Japan# Business# Middle East# Adoption# DubaiAdd reactionAdd reactionRelated NewsHow to track and report crypto transactions for tax purposesAI can be a ‘creative amplifier’ — Grammy chief exec Harvey Mason Jr.Mark Cuban, John Reed Stark clash over the cause of FTX’s collapseWorldcoin rebuts reports of lackluster takeup as Altman cites Japan queuesBlockchain could save financial institutions $10B by 2030: RippleAlibaba, silver, gold, Bitcoin, Ethereum: Mike Novogratz’s ideal portfolio

News Feed

Remilia founder claims hack after Ether, NFTs transferred
Amaka Nwaokocha12 hours agoRemilia founder claims hack after Ether, NFTs transferredBlockchain records indicate that the said address has sold numerous NFTs linked to Milady, including NFTx staked ones, and has transferr
Zhiyuan Sun6 hours agoHKEX-listed tech firm launches $15M Bitcoin fund“The next step for the crypto market depends on a refresh of the Bitcoin network,” wrote founder Wang Feng.5103 Total views30 Total sharesListen t
About 90% of Bitcoin Investors Worried About Fate of Their Assets After Death: Study
About 90% of Bitcoin Investors Worried About Fate of Their Assets After Death: StudyNearly 90% of cryptocurrency investors worry about what will happen to their assets after they di
‘Bitcoin Is Not a Privacy Coin’ Says Crypto Evangelist Andreas Antonopoulos
"Bitcoin Is Not a Privacy Coin" Says Crypto Evangelist Andreas AntonopoulosAndreas Antonopoulos discussed how he desired to see Bitcoin have more “privacy features” in a
Putin Threatens to Let Europe ‘Freeze’ — Russian President Warns ‘We Will Not Supply Gas, Oil, Coal, Heating Oil’
Putin Threatens to Let Europe "Freeze" — Russian President Warns "We Will Not Supply Gas, Oil, Coal, Heating Oil" Following the discussions concerning the inter-governmental poli
Analyst Identifies Bitcoin Key Support Levels Amid Rebound Challenge – Details
Este artículo también está disponible en español. The price of Bitcoin has shown no significant movement in the past day following a price rebound at the start of January
Spot Ethereum ETFs flip positive after $34M inflow on July 30
Martin Young4 hours agoSpot Ethereum ETFs flip positive after $34M inflow on July 30Daily flow into Ether ETFs has turned up positive for the first time since launch day, reversing a trend of outflows that saw $547 milli
Senator Warren Urges Treasury Secretary Yellen to Urgently Adopt Policy to Mitigate Cryptocurrencies’ Risks
Senator Warren Urges Treasury Secretary Yellen to Urgently Adopt Policy to Mitigate Cryptocurrencies" Risks U.S. Senator Elizabeth Warren has asked Treasury Secr
Belgium Introduces Registration for Crypto Exchange and Wallet Service Providers
Belgium Introduces Registration for Crypto Exchange and Wallet Service Providers Authorities in Belgium have obliged providers of some crypto exchange and wallet services to regist
Marcel Pechman3 hours agoPersistent macro headwinds could delay Bitcoin bull market — ARK InvestSeveral macroeconomic indicators suggest that bearish headwinds could strengthen during the remainder of 2023 and possibly
Solana Market Cap Surpasses $100 Billion, Setting Up SOL For Potential ATH Rally
Este artículo también está disponible en español. Solana (SOL) recently saw its market cap surge past $100 billion, setting the stage for a potential all-time high (ATH)
Jackson, Tennessee Mayor Praises Bitcoin’s Benefits Against Inflation, Aims to Create a BTC Hub
Jackson, Tennessee Mayor Praises Bitcoin"s Benefits Against Inflation, Aims to Create a BTC Hub Jackson, Tennessee’s mayor is a fan of bitcoin and he wants