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American, Armenian Mom of detained Binance Employee Tigran, pleads, “Just take me”

American, Armenian Mom of detained Binance Employee Tigran, pleads, “Just take me”

After more than 207 days, Tigran Gambaryan, Binance’s Head of Financial Crime Compliance, is slowly deteriorating after the government of Nigeria imprisoned him with no formal accusations or trial.

His mother in an interview on KMPH Fox26 News, pleaded asking the U.S government to intervene. He’s innocent, that’s all. But I can ask and I’m begging everybody who can help my son. Just please bring my son home. That’s all what we need,” said Gambaryan. “Just take me, exchange me with my son just let my son go home! I don’t care what will happen to me, just let my son go home!

At Token 2049 in Singapore, Richard Teng, the CEO of Binance, announced that the company is working tirelessly to free Tigran Gambaryan, the crypto exchange’s head of financial crime compliance, who has been detained in Nigeria since February 2024.

Gambaryan’s health has been deteriorating while in custody, and Teng emphasized that Binance has repeatedly asked the Nigerian government to release him for necessary medical care.

“There’s no need to hold our staff,” Teng said on the sidelines at the Token2049 conference in Singapore.

Gambaryan travelled to Nigeria in late February this year at the invitation of the Nigerian government to discuss Binance’s compliance practices in the country. However, after two meetings, he was detained and has since been held at Kuje Prison, a facility known for its harsh conditions.

Aron Akbiyikian, Tigran Gambaryan’s friend and co-worker, said to KMPH Fox 26, “He hasn’t been given a fair trial. He hasn’t been personally accused of anything. At no point in time has he ever been accused of doing anything, only for the fact that the company he works for is being accused of crimes, so they’re charging him for it.”

Binance’s internal team has reportedly been working on various approaches to secure Gambaryan’s release, including urging the US government to officially classify Gambaryan as unlawfully detained and appealing to the Nigerian government on humanitarian grounds.

“Every single day, day in and day out, he catches the bad guys, and now he’s being accused of being one of them without ever directly saying that he did anything,” said Aron Akbiyikian, Tigran Gambaryan’s Friend and coworker.

Tigran Gambaryan was born in Armenia and moved to Fresno, California, with his family when he was in middle school.  

On March 25th, Nigerian officials charged Binance with money laundering, tax evasion, and other crimes.

Binance is one of the largest cryptocurrency exchanges in Nigeria, processing about 32% of crypto transactions by Nigerians, according to a November 2023 CoinGecko report, citing Statistica data.

Rain and Bahrain launched pad backed by Sovereign Wealth fund to support MENA startups

Rain and Bahrain launched pad backed by Sovereign Wealth fund to support MENA startups

Bahrain and UAE based Rain crypto trading platform has partnered with Spring Studio’s launchpad, backed by the Sovereign wealth fund of Bahrain, Al Waha Fund of Funds, ad global venture capital firm Salica investments.

As per Rain LinkedIn post, ” We are happy to announce Rain’s partnership with Spring Studios’ Launchpad. As the first licensed crypto provider in the Middle East, Rain is committed to supporting innovative founders across the region. Founders will have direct access to our internal teams, unlocking unique opportunities in one of the fastest-growing fintech ecosystems in MENA.”

Spring Studios which caters to MENA founders, is helping to create the next wave of exceptional startups.

Spring Studios equips founders with capital, expert in-house capability, and verification from MENA’s leading investors to build startups with a greater probability of success.

This comes as Bahrain grants its fourth crypto license in the country with Crypto.com now able to offer crypto payments through its license from the Central Bank of Bahrain.

Rain was the first crypto broker to be licensed in Bahrain. It then was granted a license in the UAE from Abu Dhabi.

The Hashgraph association explores five tokenization use cases in Qatar

The Hashgraph association explores five tokenization use cases in Qatar

The Hashgraph Association, a partner with Qatar Financial Centre (QFC) Digital assets Lab announced on LinkedIn, that within the next 12 months it will work together with stakeholders to explore implementing five innovative use cases, in the areas of equity tokenization, Sukuk Islamic Bonds tokenization, real estate tokenization, sustainability ESG Carbon credits, as well as consumer engagement and loyalty programs.

This is part of the partnership that was signed with QFC for a $50 million Digital Assets Venture Studio to develop the Web3 and DLT innovation ecosystem in Qatar.

As per the post, the QFC, and Qatar Central Bank digital assets framework recently announced in September was a major milestone establishing a comprehensive legal and regulatory foundation for tokenization, smart contracts, and asset custody, ensuring compliance and security.

The Hashgraph Association post noted, “These regulations strengthen The Hashgraph Association’s role in fostering innovation and trust within the digital assets ecosystem, further solidifying the region’s position as a global leader in fintech. By providing knowledge exchange, international visibility, and regulatory clarity, QFC and The Hashgraph Association are propelling the region toward the forefront of digital asset technology.”

R3 also one of the QFC partners for the Digital Assets Lab also noted as well that it will power tokenization projects across Qatar’s financial industry.

Anryton launches its Layer One Blockchain in UAE

Anryton launches its Layer One Blockchain in UAE

Anryton has launched its Layer One network, blockchain technology that promises to transform data storage, privacy, and exchange across multiple industries out of Dubai UAE. The company also unveiled DNA NFT technology, which leverages Variant Call Format (VCF) files to create digital wallets for secure data storage and enhanced privacy.

 The company’s vision is to assist Aviation, Supply chain, Healthcare, education, and other critical sectors to combat modern data challenges such as manipulation, security, ownership, and integrity.

As per the press release, the Layer One network offers a scalable, secure, and highly efficient platform that supports a wide range of applications. The network’s robust capabilities are poised to revolutionize sectors such as healthcare, legal, supply chain, and data management.

Dr. Anmol S Kapoor, CEO and Founder of Anryton, expressed his enthusiasm for the launch. He says, “Today marks a pivotal moment for Anryton as we unveil our Layer One network and DNA NFT technology. Our Layer One network is designed to set a new standard in blockchain efficiency and security, while our DNA NFT technology provides a groundbreaking solution for data privacy and storage. By integrating VCF files into NFTs, we are not only enhancing data security but also paving the way for innovative applications in healthcare and beyond.”

The DNA NFT technology, developed in conjunction with the Layer One network, utilises VCF files to create unique digital wallets that securely store genetic and personal data. This innovative approach ensures that individuals maintain control over their sensitive information, while also enabling seamless and secure data exchange between authorized parties.

Ms. Ruchi Bindra, Chief Legal Officer of Anryton Technologies, highlighted the legal and privacy implications, saying, “The launch of our DNA NFT technology is a game-changer for data privacy and protection. By incorporating legal frameworks into our blockchain solutions, we are addressing the growing concerns around data security and privacy. Our technology ensures that individuals’ personal and genetic information is securely stored and managed with the highest standards of confidentiality.”

Mr. Harman Puri, Strategy Consultant, emphasized the broader applications of Anryton’s technology: “Anryton’s Layer One network and DNA NFT technology have the potential to revolutionize multiple industries. From healthcare to legal and supply chain management, our solutions offer unparalleled security and efficiency. The integration of blockchain technology into these sectors will streamline processes, enhance data integrity, and drive innovation,” he said.

Sidharth Bhinder, CTO of BioAro, commented: “BioChain represents a significant step forward in securing health data. By leveraging decentralized technology, we are ensuring that sensitive health information remains protected and private, while also providing a compliant and robust system for healthcare providers. Importantly, we will be using Anryton’s Layer One network to enhance our capabilities, helping us scale up effectively in the healthcare field. This collaboration will not only bolster data security and regulatory compliance but also facilitate better patient outcomes and innovations in health data management.”

OKX crypto exchange license in UAE is now fully active

OKX crypto exchange license in UAE is now fully active

OKX crypto exchange now has a fully active crypto exchange license from Dubai’s regulator VARA ( Virtual Asset Regulatory Authority), published on VARA website today.

OKX with this active license is now authorised to serve Institutional Investors, Qualified Investors and Retail Investors. It can also offer virtual asset margin Trading Services permitted to Institutional Investors and Qualified Investors under the VA Exchange License.

OKX can also offer crypto derivatives Trading Restricted to Institutional Investors and Qualified Investors for VA Derivatives Limited License.

In February 2024 OKX received its crypto exchange VASP license from Dubai UAE through VARA ( Virtual Asset Regulatory Authority), and then a license in Turkey. OKX TR, will provide Turkish users with a trusted, compliant and transparent gateway to crypto trading and decentralized finance. The OKX Web3 Wallet is currently available in Türkiye through OKX’s global platform.

Earlier this week, Bybit received its VASP license from VARA, which is currently not active until all requirements are met. Already global players like Binance, Crypto.com have received licenses in UAE as well.

Crypto.com crypto exchange to offer crypto payments in Bahrain and GCC region

Crypto.com crypto exchange to offer crypto payments in Bahrain and GCC region

Crypto.com, the 13th largest global crypto exchange according to CoinMarketCap, has received a crypto payment service provider license from the Central Bank of Bahrain allowing it to offer e-money and fiat based payment services regionally, including prepaid cards.

Crypto.com had already received a crypto exchange license from Dubai’s virtual asset regulator in UAE, and considers this license as part of its expansion plans in the GCC region.

As per the press release, Crypto.com received a payment service provider (PSP) services from the Central Bank of Bahrain through its subsidiary registered in the Kingdom of Bahrain under the commercial name “FORIS GFS BH B.S.C. CLOSED”. The PSP licence will allow Crypto.com to expand its offerings of e-money and fiat-based payment services regionally, including the launch of its world-renowned prepaid cards.

“With its extensive international presence and an earned reputation for regulatory compliance, we are delighted that Crypto.com has chosen the Kingdom of Bahrain as a destination for investment, which will further bolster Bahrain’s ability to deliver on its vision of developing a digital-first, resilient economy that celebrates innovation and progress,” said H.E. Noor bint Ali Alkhulaif, Minister of Sustainable Development, Chief Executive of Bahrain Economic Development Board,.

She added, “Bahrain is successfully building a world-class ecosystem to support the evolution of the fast-growing blockchain, crypto and fintech industry. This is further supported by robust regulations and a diverse, highly skilled, and future-ready talent pool, particularly within the financial services and technology sectors.”

“Bahrain has been working to create an innovation-friendly crypto and fintech ecosystem, which has involved putting in place clear regulation that balances consumer protection with commercialisation,” said Eric Anziani, President and COO of Crypto.com. “We appreciate the work of the Kingdom and look forward to progressing our relationship as we play our part in growing the crypto industry in Bahrain and across the GCC.”

Bahrain, was among the first to issue crypto-asset licenses in the region with licenses to both Rain crypto broker, and CoinMENA, then Binance. Binance also offers crypto payment services in the Kingdom.

Cypto.com is additionally licensed for specific services in key markets around the world, including Singapore, France, Australia, Ireland,

R3 to power tokenization projects in Qatar’s Digital Assets Lab

R3 to power tokenization projects in Qatar’s Digital Assets Lab

R3 which is a partner within the Qatar Financial Centre (QFC) Authority as part of the QFC Digital Assets Lab has announced that it will power tokenization projects across Qatar’s financial industry.

As per a Linkedin post, “This initiative signals Qatar’s bold ambition to become a leading innovator in the rapidly evolving landscape of digital assets. The Digital Assets Lab will be a hub for collaboration and innovation and provide a platform for transforming digital concepts into practical, industry-ready technologies.

R3 Founder and CEO, David E Rutter said, “Over the last year, R3 and QFC’s joint working groups have explored emerging regulatory paradigms and illustrated the benefit of nationally deploying DLT technology. We are honored that QFC Lab has chosen R3 as its trusted digital infrastructure provider. The QFC Digital Assets Lab enables participants, such as corporations, banks, and buy-side firms to explore use cases from proof of value to full production validation on Corda. As the base product for the QFC ecosystem, R3’s Corda will power tokenization projects across Qatar’s financial industry, supporting the issuance, transfer, and redemption of digital assets.”

R3 notes that it will continue to support the robust digital assets ecosystem in Qatar and building the digital financial markets.

R3 has been working with governments and banks across the GCC region on CBDC projects as well, including the UAE and KSA.

Binance appoints female General Manager for Dubai operation

Binance appoints female General Manager for Dubai operation

Binance, crypto exchange in the UAE has appointed a female General Manager for its Dubai operation. Stephanie Emile who assumed the role in August 2024 has an extensive background in the financial sector, including BNP Paribas, Barclays Capital and others.

According to the press release she was instrumental in Binance’s regulatory compliance and in securing the VASP license from Dubai’s virtual asset regulator VARA.

Within the past two years, Emile has contributed in cementing Binance’s reputation as a leader in compliance and innovation. The VASP license, secured in June, has expanded Binance’s service offerings to include margin, futures, and options trading for qualified investors and users, as well as lending, borrowing, and investment products.

Emile’s strategic priorities will include institutional adoption, enhancing regulatory compliance, and promoting educational initiatives, such as Binance Academy. Her vision ensures that current users have access to a wider spectrum of services while
lowering the barriers for new virtual assets users and enthusiasts.


“I am honored to step into this new role at such a pivotal time for Binance. As we navigate the ever-evolving regulatory landscape, I look forward to leading our team of experts in driving innovation, exploring new growth opportunities, and expanding our
offering in Dubai” said Stephanie Emile, General Manager, Binance Dubai.


Stephanie’s appointment underscores her exceptional ability to navigate complex challenges and drive transformation, positioning her as a key player in the future of Binance’s digital finance endeavors. Under her guidance, the company is poised to redefine the future of virtual assets and set new benchmarks for excellence in the industry.

UAE BinGhatti property developer interested in tokenizing its properties

UAE BinGhatti property developer interested in tokenizing its properties

In a recent Zawya story, UAE property developer BinGhatti, has revealed that they are interested in tokenizing real estate purchases to allow investors to own a part of a property for as little as 500 AED.

The Chairman of BinGhatti, Muhammad BinGhatti noted this during the Sharjah Investment Forum. He mentioned that the company had accepted crypto payments since 2021 with a total of $136 million in payments being made in the first nine months.

He added the organization is now “toying with” tokenizing real estate, to allow anyone, regardless of their wealth, to access the real estate market.


“We are working on as organization, tokenizing real estate to be able to trade it in a similar fashion as the stock market,” he said.

He said buyers would be able to buy as little as AED 500 worth of a real estate asset under tokenization, and then trade it like stock.

Recently Blockchain tokenization platform Mantra, which was reported earlier this year to be in the final stages of securing its Dubai license, was reported to be tokenizing $500 million of the real estate assets of Dubai-based MAG Group.

Dubai virtual asset regulator grants in principle approval to Amber Group

Dubai virtual asset regulator grants in principle approval to Amber Group

Amber Group, a digital assets manager through its subsidiary Amber Premium FZE, a Dubai-based subsidiary of Amber Group, has secured in-principle approval for a Virtual Asset Service Provider (VASP) license from the Dubai Virtual Assets Regulatory Authority (VARA).

As per the announcement shared on their Linkedin page, this notable success underscores both Amber Group’s commitment to adhering to the stringent regulatory standards set by Dubai’s virtual asset framework.

With this initial approval, Amber Premium FZE once fully licensed will be able to offer crypto broker-dealer services, lending and borrowing solutions, as well as asset management and investment offerings. All of these services will operate within the legal and regulatory framework established by the UAE, further positioning the company to expand its presence and influence in the region’s digital asset market.

“This achievement is a testament to our commitment to regulatory compliance and responsible growth,” said Michael Wu, CEO of Amber Group. “Dubai’s progressive regulatory environment, along with the invaluable support of NH Management, positions us to establish a strong virtual asset ecosystem.”

“Working with Amber Group to reach this milestone underscores our commitment to advancing strategic initiatives in the digital asset space,” said Tao Xiao, Managing Partner at NH Management. “We are eager to continue our partnership, navigating the regulatory landscape with our expertise and unlocking new opportunities in the Middle East market.”

NH Management has been a key player in facilitating Amber Premium FZE’s initial approval process. The consultancy firm will continue to offer support as Amber Group works toward securing the full operational VARA license. This partnership demonstrates both companies’ shared vision of fostering innovation while ensuring regulatory excellence in the rapidly growing digital asset industry.

Amber Group has raised a total funding of $628M over 4 rounds from 33 investors led by Fenbushi Capital.