#VARA

Highlights: Revolut has secured in-principle approval from VARA for broker-dealer, investment management, and exchange services. Eligible UAE customers could access crypto through the retail app and Revolut X after final approval. The company already holds Central Bank approval for payment […]

Highlights: Gate Dubai has received a VARA license for cryptocurrency exchange services. The platform allows trading between fiat and cryptocurrencies with local assistance. Gate Group is expanding its global compliance in strategic areas. Gate Dubai, a branch of Gate Group, […]

Highlights: Dubai’s VARA has fined 19 crypto firms and has warned that unlicensed operations will face strict enforcement actions. The regulator has directed all noncompliant firms to halt services and follow proper licensing rules. VARA is working to maintain investor […]

Highlights: Dubai sets June 19 as the deadline for digital asset firms to meet new activity-based rule changes. New rules include tighter margin trading controls and clear standards for token distribution services. Updated rulebooks define key terms and expand oversight […]

Highlights: HashKey Global MENA will launch crypto services in Dubai after acquiring a license from the local authority. The Standard Chartered will offer support to the platform to provide trading services. HashKey aims to meet the growing demand in the […]

Highlights: Crypto.com has expanded its reach in the UAE market by obtaining a limited license for derivatives. The license enables Crypto.com to provide futures, perpetual swaps, and CFDs. The exchange enhances fiat access in UAE through Standard Chartered’s USD services. […]

Highlights: MANTRA secures VARA license to offer DeFi and RWA tokenization services in the UAE and MENA. MANTRA’s license allows it to offer financial products to institutional investors in the UAE area under existing regulations. Firms are attracted to Dubai’s […]

Highlights: UAE exempts crypto transfers and conversions from VAT, boosting appeal for digital asset businesses. New VAT rules simplify export documentation, easing the tax burden for businesses in the UAE. VAT exemption for investment fund management in the UAE reduces […]

Highlights: Bybit received a provisional, non-operational license from Dubai’s VARA, advancing toward a full Virtual Asset Service Provider license. The approval allows Bybit to offer virtual asset exchange services to retail, institutional, and qualified investors in Dubai. Bybit’s expansion in […]