News with the tag "GCC"

Leading crypto exchange , Crypto.com, has appointed Mohammed Al Hakim as President of its United Arab Emirates (UAE) operations, as learned by Finbold on Wednesday, December 18. The move comes as Crypto.com highlights the importance of regional growth and diversity and marks the first time an Emirat...

The National Bank of Bahrain has made a groundbreaking move by launching the first bitcoin-linked structured investment product in the Gulf Cooperation Council (GCC). This innovation, developed with ARP Digital, highlights Bahrain’s leadership in fintech while offering accredited investors a secure ...

Singapore-based cryptocurrency Crypto.com is reinforcing its regional presence with a Bahraini license following on approval in Dubai.

MENA crypto trading platform, BitOasis has received a Category 2 crypto asset service license from the Central Bank of Bahrain. Category 2 licenses support trading in accepted crypto assets as an agent, portfolio manager, crypto-asset custody service, and investment advice provider. Also read: Dubai...

The Hashgraph Association (THA), the Swiss-based organization at the forefront of global digital enablement, signed a strategic partnership with the Qatar Financial Centre to launch a Digital Assets Venture Studio, a platform to support local Qatari and international portfolio companies in the devel...

UAE and Bahrain regulated crypto exchange Rain has made a statement admitting to the severe security breach which resulted in the loss of $14.8 million, yet notes that all customer funds are safe. The Bahrain-based crypto exchange Rain recently faced a severe security breach. Blockchain expert ZachX...

Liminal Custody Solutions Dubai entity, “First Answer Custody FZE”, both providers of digital asset custody and wallet solutions, has secured an initial approval from Dubai’s virtual asset regulatory authority (VARA). This comes after it also secure a license from ADGM which it did not mention today...

Onramp, a bitcoin asset management company, has announced that is has launched its sister company Onramp MENA as part of its expansion into the MENA region. Onramp MENA is backed by Early Riders, the first Bitcoin-denominated investment fund. The company which is based out of Dubai UAE, at DIFC ( Du...

Klumi Ventures, a Web3 venture capital firm, has announced that it has become the first solely Web3 venture capital firm to receive a license from the Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market (ADGM) in Abu Dhabi UAE. Klumi ventures is the sole web3 VC and Fund Manage...

BitOasis, the first homegrown crypto broker out of UAE, has received its full operational VASP license from Dubai’s virtual asset regulatory authority (VARA). As per VARA’s website, BitOasis Technologies FZE Virtual Asset Service Provider (VASP) with offices in Dubai Silicon Oasis is authorised for ...