News with the tag "Dubai Crypto"

In a surprising development, Emirates NBD bank, owned by the Dubai government, is making its footsteps in the crypto market. The Dubai government-owned bank has taken the initiative to offer crypto services via its digital bank subsidiary Liv. Through its subsidiary Liv, customers can now buy, hold,...

In a surprising turn of events, Mantra Finance has marked a major milestone by obtaining a Virtual Asset Service Provider (VASP) license from Dubai’s Virtual Assets Regulatory Authority (VARA). This move enables Mantra to expand its operations to the UAE and MENA region. as a licensed Virtual Asset ...

Dubai to Build 17-Story Crypto Tower in DMCC by 2027 Dubai has announced plans to construct a 17-story Crypto Tower in the prestigious Dubai Multi Commodities Centre (DMCC) , aiming to further establish itself as a global blockchain and cryptocurrency hub. Spanning 150,000 square feet , the tower wi...

Dubai developer DMCC is planning a 17-story Crypto Tower in Dubai, while a Bitcoin hotel in Tokyo is set to open its doors later this year.

The Dubai Virtual Assets Regulatory Authority (VARA) has taken action against seven unlicensed crypto entities for operating without licenses and violating marketing regulations. VARA has issued cease-and-desist orders and imposed fines on these entities. The regulator warned the public of the risks...

Dubai’s Virtual Assets Regulatory Authority (VARA) has recently taken decisive enforcement action against seven entities operating within the emirate’s cryptocurrency sector. This move comes as a direct response to breaches of newly established licensing and marketing regulations. Dubai Enforces Cry...

Dubai’s Virtual Assets Regulatory Authority has issued fines ranging from $13,600 to $27,200 to seven entities operating without a license or breaching marketing regulations.

Crypto Haven Dubai has recently decided to shift gears and tighten the noose when it comes to marketing crypto investments in the country. This is the first such measure from the UAE as its crypto landscape sees rapid growth amid crypto-friendly rules, also attracting a large number of crypto invest...

VARA CEO Matthew White said that clear and actionable guidance helps crypto providers deliver their services responsibly.

Dubai's latest ruling marks a significant shift in the legal acceptance of cryptocurrencies, aligning the UAE with global trends in digital finance.