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$3,282.11 1.40191
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BNB
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Bitcoin
Bitcoin (BTC)
$60,269.00 5.93349
Bitcoin price
Ethereum
Ethereum (ETH)
$3,282.11 1.40191
Ethereum price
BNB
BNB (BNB)
$407.68 3.33085
BNB price
Solana
Solana (SOL)
$111.66 3.54771
Solana price
XRP
XRP (XRP)
$0.5658620 -2.63386
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000114 3.74523
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000030 19.35714
Pepe price
El Hippo
El Hippo (HIPP)
$0.0000000057240 1.19542
El Hippo price
Bonk
Bonk (BONK)
$0.0000151 3.80691
Bonk price
Bitcoin
Bitcoin (BTC)
$60,269.00 5.93349
Bitcoin price
Ethereum
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$3,282.11 1.40191
Ethereum price
BNB
BNB (BNB)
$407.68 3.33085
BNB price
Solana
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$111.66 3.54771
Solana price
XRP
XRP (XRP)
$0.5658620 -2.63386
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000114 3.74523
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000030 19.35714
Pepe price
El Hippo
El Hippo (HIPP)
$0.0000000057240 1.19542
El Hippo price
Bonk
Bonk (BONK)
$0.0000151 3.80691
Bonk price
Bitcoin
Bitcoin (BTC)
$60,269.00 5.93349
Bitcoin price
Ethereum
Ethereum (ETH)
$3,282.11 1.40191
Ethereum price
BNB
BNB (BNB)
$407.68 3.33085
BNB price
Solana
Solana (SOL)
$111.66 3.54771
Solana price
XRP
XRP (XRP)
$0.5658620 -2.63386
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000114 3.74523
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000030 19.35714
Pepe price
El Hippo
El Hippo (HIPP)
$0.0000000057240 1.19542
El Hippo price
Bonk
Bonk (BONK)
$0.0000151 3.80691
Bonk price

CoinMENA earns Dubai VASP license for virtual asset brokerage

coinmena-earns-dubai-vasp-license-for-virtual-asset-brokerage
Edited by
News
CoinMENA earns Dubai VASP license for virtual asset brokerage

Crypto asset service provider CoinMENA FZE has obtained a VASP license for virtual asset Broker-Dealer services from Dubai’s VARA.

Until now, CoinMENA has been catering to clients in the UAE from its headquarters in Bahrain.

Building strong relationships

CoinMENA will now operate from its Dubai Head Office, providing convenient money services to UAE users. 

“Thanks to the regulatory clarity from VARA, Dubai is becoming a global hub for crypto and digital asset financial services,” CoinMENA co-founders Dina Sam’an and Talal Tabbaa said in a statement.

“Building strong relationships with local regulators has been our priority since day one. We are delighted to have received a license from VARA, which further strengthens our market position and gives our users and investors confidence,” Sam’an added.

Per the Dec. 13 press release, collaborating with VARA will enable the virtual asset provider to serve institutional and retail users in the Emirate while minimizing fiat-to-crypto transaction costs.

A global crypto hub

In 2022, Dubai announced aspirations to establish itself as a global crypto hub and subsequently engaged in discussions with VARA regarding the regulatory framework for digital asset operators. 

Since then, various companies, including Binance, crypto.com, Hex Trust, and OKX, have obtained approval to establish regional operations and cater to customers.

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