Fun

News Feed - 2023-11-14 02:11:23

Tom Mitchelhill3 hours agoCrypto.com granted Dubai crypto licenseThe license is pending operational approval and allows Crypto.com’s Dubai entity to offer exchange, broker-dealer, and lending and borrowing services.1231 Total views14 Total sharesListen to article 0:00NewsJoin us on social networksCrypto exchange Crypto.com’s Dubai entity was granted a Virtual Assets Service Provider (VASP) license by the city’s regulator, pending operational approval.


In a Nov. 14 press release, Crypto.com said that once fully approved by Dubai’s Virtual Assets Regulatory Authority (VARA), its local business CRO DAX Middle East FZE can offer retail and institutional investors exchange, broker-dealer, and lending and borrowing services.https://t.co/vCNztATkNg is proud to announce that we have been granted a Virtual Asset Service Provider Licence from Dubai"s Virtual Assets Regulatory Authority, building on our position in the #UAE market.

Learn more:https://t.co/0anXDLsxTv pic.twitter.com/EcgXCGEkMm— Crypto.com (@cryptocom) November 14, 2023


Crypto.com CEO Kris Marszalek said in a statement that it looks forward to working with regulators to contribute to Dubai’s crypto industry and said the city is a “leading market when designing effective regulation.”


In March 2022, the exchange pinned Dubai as its Middle East and North Africa hub. It received a provisional license from VARA in June 2022, followed by a minimal viable product (MVP) preparatory license in March this year.


Related: Standard Chartered’s venture arm to set up crypto fund in UAE


With United States regulators taking action against crypto firms, Dubai has become a sought-after destination for crypto businesses seeking legal clarity — with many firms eyeing the crypto-friendly jurisdiction as an emerging digital assets hub in the Middle East. 


Binance Dubai General Manager Alex Chehad said that unlike the U.S., Dubai and the United Arab Emirates have provided a clear regulatory framework for crypto firms to follow, which made it easier for large companies like Binance to establish permanent headquarters in the region. 


Magazine: Exclusive — 2 years after John McAfee’s death, widow Janice is broke and needs answers# Cryptocurrencies# Business# Adoption# Cryptocurrency Exchange# Dubai# RegulationAdd reactionAdd reactionRead more3 theses that will drive Ethereum and Bitcoin in the next bull marketHistory tells us we’re in for a strong bull market with a hard landingAustralian Treasury proposes to regulate crypto exchanges, not tokens

News Feed

ZoidPay Announces the Launch of ZETA, the First on-Demand Metaverse
ZoidPay Announces the Launch of ZETA, the First on-Demand Metaverse press release PRESS RELEASE.1st Nov 2022, Bucharest, Romania— As part of its commitment to democratize access t
Kenya Central Bank Governor: Low Smartphone Penetration Working Against Plan to Launch CBDC
Kenya Central Bank Governor: Low Smartphone Penetration Working Against Plan to Launch CBDC According to Patrick Njoroge, the governor of the Kenyan central bank, the significant n
Bitcoin Lawsuit Heats Up With More Bonded Courier Tales
Bitcoin Lawsuit Heats Up With More Bonded Courier Tales During the last few days, cryptocurrency participants have been discussing the notorious Kleiman v. Wright lawsuit as new
Bitmain Unveils 2 Bitcoin Miners With Max Speeds Up to 110TH/s Per Unit
Bitmain Unveils 2 Bitcoin Miners With Max Speeds Up to 110TH/s Per Unit On Thursday, the China-based mining rig manufacturer Bitmain announced the launch of two new Antminer S19
Shiraz Jagati10 hours agoHow AI analysis can change finance and crypto tradingFrom offering quality trade predictions to identifying real-time threats to gauging market sentiment instantaneously, here’s how AI is resha
Brayden Lindrea9 hours agoAI can be used in ‘every single process’ of JPMorgan’s operations, says CEOJPMorgan’s CEO Jamie Dimon pointed to trading, hedging, research and error detection as some of the processes t
‘Buy Bitcoin’ Searches Skyrocket, Exchange Volumes Spike, Crypto Account Signups Swell 83% As Coronavirus Fears Heighten
"Buy Bitcoin" Searches Skyrocket, Exchange Volumes Spike, Crypto Account Signups Swell 83% As Coronavirus Fears Heighten Exchange data and statistics from Google Trends, Twitter,
Chainlink Reclaims Key Structure – Quiet Accumulation Could Fuel $25–$30 Surge
Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and pu
$13 Billion Bitcoin ETF Surge: US Institutions Lead The Charge
Este artículo también está disponible en español. American institutions are making ripples in the cryptocurrency market, having invested a staggering $13 billion in spot
Cash App Introduces Paid in Bitcoin, BTC Roundup and Lightning Network Services
Cash App Introduces Paid in Bitcoin, BTC Roundup and Lightning Network Services At the Bitcoin 2022 conference in Miami, Block, Inc., formerly Square, Inc., announced three new bit
London Crowned World’s Leading Cryptocurrency Hub, According to Study
London Crowned World"s Leading Cryptocurrency Hub, According to Study According to research from Recap, a cryptocurrency tax software company, London has become the world’s
Study: 10% Growth in Crypto Market Cap Reduces Value of African Firms by 0.76%
Study: 10% Growth in Crypto Market Cap Reduces Value of African Firms by 0.76% A study undertaken by two assistant professors at American University in Cairo (AUC) has suggested th