Binance Secures Full Virtual-Asset Services Provider License in Dubai
The fourth and final stage of approval comes almost a year after the crypto exchange secured a third-stage license.
Binary trading platforms with better performance and payouts
Dubai
The fourth and final stage of approval comes almost a year after the crypto exchange secured a third-stage license.
While Dubai’s regulatory rules were broadly welcomed, some firms worried about the expense.
Fasset, a digital asset investment platform, has won the licence to operate in Dubai as a Virtual Asset Service Provider (VASP), allowing it to serve institutional investors, qualified investors and retail investors.
Dubai (Kent Tupas/Unsplash)
Henson Orser, the CEO of VARA, Dubai’s crypto regulator, is set to leave the job and will be replaced by a partner at PwC.
Cryptocurrency exchange Crypto.com has been granted a licence to operate specified virtual asset service activities in Dubai.
Two former colleagues of recently convicted Sam Bankman-Fried are building a new crypto exchange, just days after their former CEO was found guilty on seven charges of fraud.
SC Ventures and SBI Holdings’ Digital Asset Joint Venture investment company will be established in UAE and focus on firms in market infrastructure, risk and compliance, DeFi and tokenization.
The expansion would be the private bank’s first for its crypto offering beyond its native Switzerland, where it has provided digital asset services since the start of 2020.