A new Crypto Custodian receives preliminary license in UAE

A new Crypto Custodian receives preliminary license in UAE

NorthStake a firm which offers safe, compliant and secure investment in Digital Assets for institutional investors as well as crypto staking and trading services has... Details
STC Pay to become STC Bank after regulatory approval

STC Pay to become STC Bank after regulatory approval

Saudi Arabian, stc pay, has received approval from the Saudi Central Bank to proceed with its transformation into STC Bank. This beta launch will enable... Details
Central Bank of UAE grants in principle approval for payments gateway Telr

UAE Central Bank grants in principle approval to Telr payment

Telr, a payment gateway provider of payment gateway solutions provider has been granted in-principle approval for the Retail Payment Services & Card Schemes (RPSCS) License... Details
VARA grants crypto derivatives exchange license to Deribit

VARA grants First crypto derivative exchange license to Deribit

Deribit FZE, the UAE based entity of Deribit group, a crypto derivative options platform, has announced that it has received a conditional Virtual Asset Service... Details
UAE ADGM registers its second DLT Foundation

UAE ADGM registers its second DLT Foundation

UAE financial freezone center, based out of Abu Dhabi, ADGM ( Abu Dhabi Global Market) has registered its second DLT Foundation.The Finschia DLT Foundation, chaired... Details
Mantra chain raises $11 million lead by UAE SHorooq partners

Mantra Chain raises $11 million led by UAE Shorooq partners as it closes in on VARA license

MANTRA Chain a Layer 1 blockchain for real world tokenization, has raised $11 million led by UAE based Shorooq Partners with investors including Three-point capital,... Details
UAE Tungsten officially launches homegrown crypto custodian after receiving license from ADGM

UAE’s first home grown crypto custodian officially launched

Tungsten headquartered in UAE has officially launched the first home grown and regulated crypto custodian after receiving a license from UAE's Financial Services Regulatory Authority... Details
Binance CEO says little in his 100 days letter

Binance CEO says little in his 100 days letter

On the first of March 2024, Binance’s CEO Richard Teng, wrote a public letter entitled “My First 100 Days Leading Binance”. While he covered the... Details
Venom Blockchain Foundation exits UAE to The Cayman Islands

Venom Blockchain Foundation exits UAE to The Cayman Islands

One year ago to date, the Abu Dhabi Global Market, (ADGM) an international financial center, based out of Abu Dhabi UAE, had announced on LinkedIn... Details
The feedback and insights gathered during the roundtable discussion will be consolidated into a submission by D2A2 on behalf of the stakeholders to regulatory authorities for suitable action.

Dubai digital asset association discusses virtual asset regulations with VARA and SCA

Dubai’s virtual assets regulatory accomplishments was the center of discussions at the recent event hosted by Dubai Digital Assets Association (D2A2), supported by Dubai Chamber... Details