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UAE Initiative For Crypto Based...

In 2008, when Satoshi Nakamoto initiated the Bitcoin phenomenon, the names "Blockchain" and "Bitcoin" were foreign to the general public. Today, with one of the world's first cryptocurrency "cold storage" firms operating in Dubai, it is evident that the tides have moved, and the UAE crypto industry...

Cryptocurrency License Regulations...

Cryptocurrency has paved a new way for the international trade and economy. As per the current scenario there are more than 200 crypto currencies. Binance and Kraken are one such examples of it.   France has accepted of Binance as the Digital Asset Service Provider. Binance (BNB) has thus received...

Analysis of the virtual asset...

Emirate of Dubai Law No. 4 of 2022 on the Regulation of Virtual Assets established the Dubai Virtual Assets Regulatory Authority ("VARA") ("VAL"). This groundbreaking law demonstrates Dubai's ambition to become one of the leading jurisdictions for entrepreneurs and investors in blockchain technology...

Dubai Municipality Announces Plans...

The Dubai Municipality will work with private sector companies and investors to create a futuristic, human-centred version of the city that capitalises on opportunities thrown up by the metaverse, according to Dawood Abdul Rahman Al Hajri, Director-General of Dubai Municipality. Al Hajri introduced...

Dubai Introduces ‘VARA’ for Inclusive...

The Vice President and Prime Minister of the UAE and Ruler of Dubai, His Highness Sheikh Mohammed bin Rashid Al Maktoum has approved a first-of-its-kind law in Dubai to govern virtual assets. Virtual assets including Non-Fungible Tokens (NFTs) and cryptocurrencies now have their own independent body...

Emirate Reinforces Blockchain...

The blockchain based cryptocurrency trend has caught on across the globe and UAE is no exception. Unlike the fiat currencies that are regulated by a single entity within the respective countries, cryptocurrencies are a part of a decentralized system where individuals or companies can make transactions...

UAE to Regulate Virtual Assets...

The Securities and Commodities Authority (SCA) of the UAE announced that it is getting closer to adopting regulations on virtual asset investments. A survey on the sector's money laundering and terrorist financing risks was also assessed by the SCA. As regional economic competition intensifies, the...

Dubai World Trade Center to Support...

As the world has its own different stands on the emergence of the new blockchain based technology, the Dubai World Trade Center has announced that it will have an integrated space for supporting virtual assets. The announcement made by the Dubai World Trade Center, mentioned about regulation and control...