PRESS RELEASE. Dubai, October 17, 2024: The Global Blockchain Show is pleased to announce its second edition, taking place on December 12 and 13, 2024 at the Grand Hyatt Exhibition Centre, Dubai. Organized by Web3 and artificial intelligence consulting giant VAP Group, the two-day show will provide an opportunity to network with the top 1% […]
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 associated with dealing with unlicensed crypto businesses, emphasizing the potential for financial and […]
Ripple, a digital asset infrastructure provider, has received approval to expand its operations in Dubai. The Dubai Financial Services Authority (DFSA) granted Ripple “in-principle approval” to offer its services from the Dubai International Financial Centre. This will allow Ripple to provide seamless cross-border payment services in the United Arab Emirates and align with its goal […]
Dubai’s Virtual Assets Regulatory Authority (VARA) has implemented stricter regulations for crypto companies to enhance investor protection and ensure transparency. The new rules require firms to include risk warnings in marketing materials, obtain necessary licenses, and adhere to compliance standards. These measures aim to inform investors about the risks and volatility of cryptocurrencies, while fostering […]
Crypto.com has secured a payment service provider (PSP) license from the Central Bank of Bahrain (CBB). This license allows the crypto exchange to offer e-money and fiat-based payment services, including its prepaid cards, in the region. The approval adds to Crypto.com’s growing list of regulatory approvals worldwide, further solidifying its global presence. Meanwhile, Amber Group’s […]