The Solana Foundation has formed two major partnerships to boost its role in international blockchain innovation. The MoU with Dubai’s Virtual Assets Regulatory Authority and Kazakhstan’s AIX-Interbix alliance, aim to integrate blockchain with real-world finance and policy. These actions show Solana’s commitment to follow rules worldwide and boost the use of Web3. Solana Foundation Signs […]
VARA
Dubai Launches $16B Real Estate Tokenization Platform on XRP Ledger
Dubai has introduced a real estate tokenization platform in its property market. The platform, built on the XRP Ledger blockchain, allows fractional ownership of Dubai properties through tokenized title deeds. This is part of the city’s effort to digitize $16 billion of real estate by 2033. Prypco Mint platform The new Prypco Mint platform enables […]
Bitpanda Gains VARA Approval to Offer Crypto Services to UAE Investors
Bitpanda secures a VARA broker-dealer license, expanding its digital asset services to the UAE and offering over 500 virtual assets to local investors.
Crypto.com Secures VARA Limited License to Offer Derivatives in UAE
Crypto.com has obtained a limited license from Dubai’s Virtual Assets Regulatory Authority (VARA) which allows the company to provide derivatives products in the UAE market. The new license enables the company to extend its operations across the region through its established Virtual Asset Service Providers (VASP) license. This development allows the exchange to offer products […]
MANTRA Up By 113% – Dubai License Hints at What’s Next
MANTRA, a RWA layer 1 blockchain, has secured the first Virtual Asset Service Provider (VASP) license from the Virtual Assets Regulatory Authority (VARA) in Dubai. This licence opens doors for global expansion within the UAE and the broader MENA region. Industry experts predict a 50-fold growth in Real-World Asset (RWA) tokenization, bringing real-world assets onchain. […]
Dubai Regulator VARA Crackdown On Memecoins: Issues Caution to Investors
Dubai’s crypto regulator VARA has warned about the dangers of memecoins, highlighting their lack of intrinsic value and high volatility. Investors must adhere to the authority’s regulations to avoid severe financial risks and penalties. Dubai’s Cracks Down on Memecoins Dubai’s Virtual Assets Regulatory Authority (VARA) has issued a warning to investors about the risks of […]
Dubai’s Crypto Boom: Bitpanda Gains VARA Approval for MENA Launch
Bitpanda has achieved a significant milestone by securing in-principle approval from the Virtual Assets Regulatory Authority (VARA) in the UAE. This marks the company’s first expansion outside Europe, setting the foundation for its operations under the name Bitpanda Broker MENA DMCC. Dubai’s position as a regional digital finance hub provides Bitpanda with a strategic entry […]
BitOasis Earns Full VARA License: A Game-Changer for Dubai’s Crypto Market
BitOasis, a pioneering crypto trading platform in the Middle East and North Africa (MENA), has earned its full Virtual Asset Service Provider (VASP) license from Dubai’s Virtual Assets Regulatory Authority (VARA). This announcement, made on December 9, marks a major step forward for the company following its acquisition by Indian crypto exchange CoinDCX. With this […]
Deribit Secures Conditional VASP License from VARA, Relocates HQ to Dubai
Crypto derivatives leader Deribit secured a conditional Virtual Asset Service Provider license from Dubai’s regulatory authority, solidifying its global presence within Dubai’s flourishing crypto ecosystem. Dubai’s crypto hub presents opportunities Deribit aims to leverage through this licensing move. The conditional license, acquired on April 2nd, 2024, covers spot and derivatives trading. However, the company remains […]
Shiba Inu Listing Amplifies With CoinMENA’s Licence Win
CoinMENA’s recent acquisition of a Virtual Assets Regulatory Authority [VARA] license has sparked enthusiasm among Shiba Inu supporters, with one enthusiast expressing excitement about SHIB being listed on the platform. The VARA license adds a layer of trust and security for the Shiba army in the MENA region, providing a safe space to engage in […]