Tagged: vara

Crypto.com Obtains VASP License from Dubai’s Virtual Assets Regulatory Authority (VARA)

Crypto.com announced that its Dubai entity, CRO DAX Middle East FZE, has been granted a Virtual Assets Service Provider (VASP) License “for specified virtual asset service activities by Dubai’s Virtual Assets Regulatory Authority (VARA).” Crypto.com’s VASP License is “subject to the Company fully satisfying select… Read More

Digital Assets: Komainu Obtains VASP License from VARA in Dubai

Komainu, a regulated digital asset custody service provider built by institutions for institutions, announced that it has been granted the operating license by the Virtual Asset Regulatory Authority (VARA) in Dubai after securing its MVP license last November. Achieving this final step in VARA’s licensing… Read More

Digital Assets: Binance Obtains an Operational Minimum Viable Product License in Dubai

Binance, which is being sued by US regulators for a wide range of issues, is pleased to announce that their Dubai subsidiary, Binance FZE, has reportedly become the first exchange “to receive the Operational Minimum Viable Product (MVP) license from Dubai’s Virtual Asset Regulatory Authority… Read More

UAE-based Crypto Exchange BitOasis Technologies Loses License Due to Unmet Regulatory Requirements

VARA is issuing a market alert regarding ongoing supervisory controls, and enforcement actions initiated against BitOasis. VARA in Dubai (United Arab Emirates) confirmed that it is issuing this market alert regarding ongoing supervisory controls, and enforcement actions initiated against digital currency trading platform BitOasis. Investors… Read More

Dubai’s Virtual Asset Regulatory Authority (VARA) Issues Notice of Written Reprimand to OPNX Crypto Exchange

Following the Investor and Marketplace Alert dated 12 April 2023 in relation to opnx.com (OPNX) conducting unregulated activity, Dubai’s Virtual Assets Regulatory Authority (VARA) has issued “a formal Letter of Reprimand to OPNX and its founders” for the following: Carrying out VA Exchange Services on… Read More

Blockchain.com Obtains Provisional Approval to Operate in Dubai

As Dubai seeks to support crypto and blockchain innovation, Blockchain.com has signed a Memorandum of Understanding (MOU) with the Dubai Virtual Assets Regulatory Authority (VARA). That means that soon both retail and institutional clients will be able “to access the financial system of the future… Read More

Komainu, a Nomura-backed Crypto Custodian, Granted Provisional Regulatory Approval in Dubai

Komainu, a regulated digital asset custody provider built by institutions for institutions, today announced provisional regulatory approval from the Government of Dubai’s Virtual Assets Regulatory Authority [VARA] to “commence operational readiness even as the application goes through the warranted due diligence in accordance with VARA… Read More

FTX Exchange FZE Obtains Dubai’s First Virtual Asset Service Provider MVP License

FTX Exchange FZE announced that it has received approval “to enter Dubai’s ‘Minimum Viable Product’ (MVP) program for Virtual Assets under the world’s only specialist regime for this sector operated by the Virtual Asset Regulatory Authority (VARA).” As a subsidiary of FTX Europe, FTX Exchange… Read More

Huobi Group Given MVP Provisional Approval from Dubai Virtual Assets Regulatory Authority

Huobi Group, which claims to be one of the world’s leading financial services providers specializing in cryptocurrencies and related products, recently announced that it has been granted MVP provisional approval by the Dubai Virtual Assets Regulatory Authority (VARA) on July 15, 2022, while it “undertakes… Read More

Former Singapore Parliamentarian Calvin Cheng Gains Virtual Asset License in Dubai

Calvin Cheng, a former Singapore member of Parliament, investor, and entrepreneur, has gained a provisional Virtual Asset License in Dubai, according to a statement from the company. Cheng has reportedly formed the first regulated non-fungible token (NFT) and fan token investment holding company in Dubai…. Read More

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