VARA News

Another digital asset exchange has moved to tap Dubai’s crypto-friendly regulatory landscape, with plans to expand in the region. 

Nexo, a digital assets institution and leading crypto lending platform, has reached a significant milestone, gaining preliminary approval from Dubai's Virtual Assets Regulatory Authority.

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

The "market neutral trading firm" named Dubai for its global headquarters as the region experiences an influx of crypto companies seeking new users.

Dubai will host the third edition of Crypto Fight Night (CFN), a competition that combines cryptocurrencies and boxing presented by the WBC Cryptocurrency World Championship. The event features cryptocurrency professionals stepping into the ring in what organizers are calling one…

Dubai's VARA CEO Henson Orser resigns amid impending fines on non-compliant crypto firms.

Dubai-based branch of Crypto.com, CRO DAX Middle East FZE, has received a virtual asset service provider license for certain virtual asset servicing activities. The license from the Dubai Virtual Assets Regulatory Authority (VARA) means that Crypto.com fully satisfies the selected…

The Virtual Assets Regulatory Authority (VARA) in Dubai has asked local cryptocurrency companies to register or obtain a license no later than Nov. 17. According to the statement, if companies do not apply for a license, companies may be prohibited…

In a press release dated Oct 31. WadzPay, a technology provider that facilitates virtual asset-based payments has shared the news that they have initial approval from Duba’s Virtual Assets Regulatory Authority (VARA), the competent entity in charge of regulating, supervising, and overseeing VAs and VA Activities.

In a Sept. 20 post on X (formerly Twitter), Coinbase announced the additional support for Vara Token (VARA) on the Vara network. With the only contingency being liquidity conditions, Coinbase expects trading to begin later on Sept. 20. From the…

Crypto exchange Bybit announced the opening of its global headquarters in Dubai, following a 50% increase in the platform’s user base, which has more than 15 million users worldwide. 

Popular Bahamian cryptocurrency exchange platform FTX has launched operations in the United Arabs Emirates. Bankman-Fried’s FTX Begins Operations in UAE Having obtained a license in July, FTX, a popular digital asset exchange based in the Bahamas, announced the opening of…

Dubai's new Virtual Asset Regulatory Authority has announced digital asset marketing and promotion guidelines that apply to any company using Dubai-based media sites and publishing channels.

Hex Trust announced that it had gained provisional approval from the Dubai Government to obtain a Virtual Asset MVP License. The company will establish a headquarters in Dubai and actively promote digital asset innovation in the region. Hex Trust Granted…

Crypto.com is on the verge of launching digital asset services in Dubai, joining the ranks of Binance, FTX, and Bybit. Crypto.com Gets Green Light in Dubai Crypto.com has received vital government approval to expand into Dubai, joining a long list…

Binance has been granted a Virtual Asset License, which will allow it to operate within Dubai’s ‘test-adapt-scale’ virtual asset market model as a launchpad for regional expansion. Binance Awarded a License to Operate in Dubai On March 16, 2022, Binance…