Dubai virtual asset regulator to offer 15 crypto licenses by end of the year with DeFi,gamefi, and crypto derivatives regulation

VARA to license 15 entities by end of 2023, and launch DeFi regulations, Gamefi, and crypto derivatives

In a recent LinkedIn post, Soham Panchamiya, Associate for tech companies and regulatory disputes at Reed Smith, one of the leading global law firms with... Details
BackPack Crypto XNFT wallet receives full license for crypto exchange in UAE

BackPack XNFT wallet receives regulated crypto exchange license in UAE

BackPack Web3 non custodial XNFT wallet has received a full license by Dubai Virtual asset regulatory authority allowing it to run a regulated crypto exchange... Details
Blockchain tech settlement provider WadzPay receives initial regulatory approval in UAE

Blockchain settlement entity WadzPay receives initial regulatory approval in UAE

WadzPay has been granted "Initial Approval" by Dubai’s Virtual Assets Regulatory Authority (VARA), marking a pivotal step in Wad pay’s journey towards obtaining a Virtual... Details
Qatar launches QFC Innovation Dome for Digital assets to tokenize securities, real estate, bonds, shares on Blockchain

Qatar launches “QFC Innovation Dome” for Digital assets to tokenize securities, real estate, bonds, shares on Blockchain

On Sunday October 29th, Qatar announced one of the biggest digital assets initiatives in the country and the GCC region, the Qatar Innovation Dome for... Details
DIFC Courts partners with RAK digital assets Oasis for greater digital economy services awareness

DIFC Courts partners with RAK digital assets Oasis for greater digital economy services awareness

The UAE Dubai International Financial Centre (DIFC) Courts has signed an agreement with Ras Al Khaimah Digital Assets Oasis (RAK DAO) the world’s first and... Details
UAE Public Prosecution launches Forum on money laundering crimes using virtual assets

UAE Public Prosecution discusses money laundering crimes using virtual assets

The UAE Public Prosecution is launching a forum entitled  “Financial Crimes Foresight Forum” on 11th October 2023, to discuss money laundering crimes using Virtual Assets.... Details
Qatar announces consultations for its digital assets and investment tokens draft legislation

Qatar public consultations for its digital assets and investment tokens legislation

As expected The Qatar Financial Centre (“QFC”) Regulatory Authority (“Regulatory Authority”) and the Qatar Financial Centre Authority (“QFC Authority”) have published a consultation paper for... Details
Dubai virtual asset requlatory authority ceases sale of Islamic Coin token in UAE

Dubai’s virtual asset regulator ceases sale of Islamic Coin token in UAE

In a recent marketplace alert issued by Dubai’s virtual asset regulatory authority, it warns investors and market participants of the unauthorized issuance, marketing, and retail... Details
South African crypto exchange receives initial approval from Dubai’s virtual asset regulator

South African crypto exchange receives initial approval from Dubai’s virtual asset regulator

In a blog announcement published by VALR, a South African based crypto exchange, they state that their subsidiary VALR FZE has won an initial approval... Details
New Securities and digital assets law proposed by UAE’s DIFC in consultation paper

New Securities and digital assets law proposed by UAE’s DIFC in consultation paper

The UAE’s Dubai International Financial Centre (DIFC), which is autonomously regulated, has proposed a new securities digital asset law in a new consultation paper. The... Details