News with the tag "VARA"

Bybit has been granted an in-principle approval from the Securities & Commodities Authority of the UAE and is on track to receive the fully operational license. On Feb. 28, Bybit announced that it had received an in-principle approval from the SCA of the UAE to establish itself as a Virtual Asset Pl...

Bybit, the world’s second-largest cryptocurrency exchange by trading volume, has received its second-in-principle license approval to operate a virtual assets exchange platform. This time, it’s from the UAE regulatory authority, the Securities and Commodities Authority (SCA). This is the first time ...

Key Takeaways: Dubai’s VARA plans to mandate that crypto service providers disclose the identities of crypto whales. The regulation seeks to improve transparency in the digital asset market and offer investors clearer insights into token ownership and associated risks. These new rules are set to tak...

Mantra Finance, a top-class decentralized finance and real-world asset tokenization platform, has secured a virtual asset service provider (VASP) license from Dubai’s Virtual Assets Regulatory Authority (VARA). The approval allows the platform to stretch its operations in the United Arab Emirates, M...

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 ...

DeFi platform MANTRA Finance has obtained a Virtual Asset Service Provider license from Dubai regulators to operate as a trading platform in the UAE. According to a press release sent to crypto.news, after receiving the VASP license, the DeFi platform operated by MANTRA ( OM ) group plans to further...

Google announced that it has updated the cryptocurrencies and related products policy in the UAE to clarify the scope and requirements for the advertisement of complex speculative financial products. As per Google’s policy update, starting February 26, 2025, advertisers offering cryptocurrency excha...

The crypto world is buzzing with memes and viral trends, and memecoins have ridden that wave to incredible, albeit often fleeting, heights. But amidst the hype and potential for quick gains, a major regulator is stepping in with a stark message: beware of the risk . Dubai’s Virtual Assets and Regula...

Dubai cryptocurrency regulator Virtual Assets Regulatory Authority (VARA) has warned investors about the high risks of memecoins. These coins have become popular through viral trends and social media. According to a public announcement , VARA highlighted that investing in memecoins is risky due to p...

As the meme coin craze continues, the market capitalization increased from $20 billion in January 2024 to $120 billion by the end of the same year. It is no surprise that Dubai’s Virtual Assets Regulatory Authority (VARA) has issued an alert informing consumers and investors of the risks associated ...