Dubai’s new VARA compliance rules: How virtual asset service providers can meet the challenges
In the rapidly developing Web3 cryptocurrency field, compliance has become a crucial keyword.
JinseFinanceLog in/ Sign up
WadzPay receives license from Dubai Virtual Asset Authority
04/11/2023 02:55
Bullish2
Bearish
More news about wadzpay vara
- Dubai’s VARA Cracks Down on Unlicensed Crypto FirmsBullishBearish
- إطلاق تطبيق Fasset بعد ترخيصه من قبل VARA في دبيBullishBearish
- Dubai's VARA Grants VASP License to CoinMENABullishBearish
- Coinbase will list Vara (VARA)BullishBearish
- Gavin Wood-backed L1 chain Vara Network launches mainnetBullish1Bearish
More news about wadzpay vara
- JinseFinance
Bybit's Provisional License from Dubai’s VARA Boosts Crypto Market Influence
Bybit has secured a provisional license from Dubai’s VARA, signaling progress toward full licensing and strengthening its position in the global crypto market. The company is also expanding in Hong Kong to tap into the growing Asia-Pacific market, reflecting its broader strategy to enhance its global presence.
WeatherlyDeribit's Dubai Gambit: Setting Up Global HQ After Securing Conditional VARA License
Deribit, the world’s largest cryptocurrency options exchange, is set to establish its global headquarters in Dubai following the granting of a conditional virtual asset service provider license by the Virtual Asset Regulatory Authority (VARA). This move signifies a strategic shift in the company's operations, with plans to cater primarily to institutional investors. Additionally, Deribit has announced leadership changes and intends to pursue further expansion in the European market by seeking an EU brokerage license. Despite these developments, the operational status of the Dubai exchange is contingent upon meeting VARA's requirements, which could potentially lead to delays.
BerniceVARA bans the sale of ISLM, is it because this currency might be involved in money laundering and terrorist attacks?
BG, unlicensed by VARA, potentially breached regulations by issuing and marketing ISLM tokens in Dubai without approval, requiring immediate cessation of activities and obtaining necessary VARA licenses.
AlexDubai Regulator VARA Bans Islamic Coin Following Investigation into Terrorist Financing, Money Laundering
Bored Gen DMCC (BG), the parent entity of Islamic Coin, had been under VARA's scrutiny regarding the legal issuance, marketing, and distribution of the token.
AlexCryptocurrency Custody Venture Komainu Secures Operating License from Dubai's VARA
Komainu, a collaborative venture in the cryptocurrency custody sector involving Nomura, Ledger, and CoinShares, has successfully acquired an operating license from Dubai's Virtual Asset Regulatory Authority (VARA).
BrianDubai's VARA Fines OPNX $2.7M for "Market Offenses"
While the founders and CEO have settled their fines, VARA reported that OPNX is yet to make the required payment, potentially leading the regulator to take further measures against the platform.
SnakeDubai Regulator VARA Takes Action Against BitOasis
The market alert issued by VARA states that BitOasis is being reviewed for failing to meet the mandated conditions required for VARA-regulated market activity within the specified 30-60 day timeframes. Earlier this year, BitOasis was granted Dubai's "minimum viable product operational license," but the regulator may now rescind that license.
Coinlive Crypto.com secures regulatory license in Italy
The mobile-first cryptocurrency exchange recently received regulatory approvals to operate in Greece, Singapore and Dubai.
CointelegraphGerman banking giant applies for cryptocurrency license
A spokesman for Commerzbank confirmed to local media that it applied for a license with BaFin earlier this year, the first time a major German bank has applied for a license.
Cointelegraph