VARA

Dubai authorities accused the co-founders of bankrupt cryptocurrency hedge fund Three Arrows Capital (TAC) of launching OPNX, a cryptocurrency exchange operating without a license. Su Zhu and Kyle Davies launched a claims trading platform for bankrupt cryptocurrency compa ...

Dubai, one of the seven emirates in the United Arab Emirates, has officially announced that it is now accepting applications from cryptocurrency companies looking to obtain licenses to operate within the region. To do business in the UAE, digital asset firms must be legally registered with the Du ...

Bloomberg reports that the Dubai Virtual Assets Regulatory Authority (VARA) has taken steps to tighten the requirements for crypto companies seeking to operate in the emirate. VARA has requested additional information from Binance, a crypto exchange that already holds a license to operate in Duba ...