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
Bitcoin would need to hit $93K to flip silver right now
Brayden Lindrea3 hours agoBitcoin would need to hit $93K to flip silver right nowSilver’s market cap has risen to over $500 billion larger than Bitcoin despite the cryptocurrency flipping the precious metal just two mo
2024-05-20 14:03 PM
Coinbase Receives In-Principle Approval to Provide Crypto Services in Singapore
Coinbase Receives In-Principle Approval to Provide Crypto Services in Singapore Singapore’s central bank, the Monetary Authority of Singapore (MAS), has given Coinbase “
2022-10-12 13:30 PM
Digital Euro to Handle ‘Almost Unlimited’ Payments, Estonian Central Bank Says After Test
Digital Euro to Handle ‘Almost Unlimited’ Payments, Estonian Central Bank Says After Test A blockchain-based digital euro would be highly scalable allowing i
2021-07-28 21:00 PM
Earn by Holding USDCoin in V2 of the BlockBank Application
Earn by Holding USDCoin in V2 of the BlockBank Application sponsored BlockBank will be enabling its users to earn interest on the stablecoin USD Coin (USDC), with rates up to 60x th
2021-09-03 14:00 PM
Ethereum Price Breaks Out Of Symmetrical Triangle, Next Stop $3,400?
Este artículo también está disponible en español. The Ethereum pricehas just broken out of a key symmetrical triangle pattern, signaling a potential surge to new levelsab
2024-10-23 09:00 AM
El Salvador Buys More Bitcoin — Country Now Holds 700 BTC
El Salvador Buys More Bitcoin — Country Now Holds 700 BTC El Salvador, the country that made bitcoin legal tender alongside the U.S. dollar, has purchased more bitcoin. The Salva
2021-09-21 00:00 AM
Judge sets Oct 2025 trial for brothers allegedly behind $25M exploit
Turner Wright4 hours agoJudge sets Oct 2025 trial for brothers allegedly behind $25M exploitShortly after their arrest in May, Anton and James Peraire-Bueno were released on $250,000 bonds until the conclusion of their c
2024-08-20 04:06 AM
Turner Wright4 hours agoTornado Cash users file appeal over judgment in favor of US TreasuryThe six individuals, supported by crypto exchange Coinbase, have taken a case involving the U.S. Treasury sanctioning Tornado Ca
2023-11-15 04:28 AM
Virtual Currency-Based Sale Agreement an Invalid Contract, Chinese Court Rules
Virtual Currency-Based Sale Agreement an Invalid Contract, Chinese Court Rules A virtual currency cannot be circulated in the market as a currency, therefore a vehicle sale contrac
2022-06-18 13:30 PM
FTC Commissioner Cites Libra in Support of Fed’s Real-Time Payment System
The Libra cryptocurrency project should be sufficient motivation for the Federal Reserve launch a real-time payments system, a senior government official wrote Thursday. Federal Tra
2019-11-08 15:00 PM
G Mining Inc. - Bitcoin Cloud Mining with Incredible Prices
Source: Shutterstock Long crypto, short fiat! Looking for an easy and smart investment solution for t
2019-08-29 19:28 PM
Saudi Arabia Open to Trading in Currencies Other Than US Dollar, Signaling a Shift Toward De-Dollarization
Saudi Arabia Open to Trading in Currencies Other Than US Dollar, Signaling a Shift Toward De-Dollarization After a 48-year relationship solely with the U.S. dollar, Saudi Arabia
2023-01-20 00:30 AM