BitPanda, a regulated crypto assets platform based in Europe, has successfully acquired a crypto brokerage license from Dubai’s Virtual Assets Regulatory Authority (VARA). According to MSN, this new license allows BitPanda to extend its services to both retail and institutional investors in the MENA region, marking a big step in its international expansion. With this...
Ripple, a leader in enterprise blockchain and crypto solutions, has received approval from the Dubai Financial Services Authority (DFSA) to provide regulated crypto payments and services within the Dubai International Financial Centre (DIFC). This significant milestone makes Ripple the first blockchain-enabled payments provider licensed by the DFSA. The approval represents Ripple’s first license in the...
Real-world asset (RWA) tokenization is experiencing significant growth in the United Arab Emirates, as industry players seek to meet the rising demand for blockchain-based asset trading. This process involves converting financial and tangible assets into tokens on a blockchain, which enhances accessibility and liquidity for traditionally illiquid assets. As of February 3, the cumulative all-time...
Hubpay, a cross-border payments platform, has partnered with Aquanow to launch the UAE’s first fully regulated crypto payments facility designed specifically for businesses and SMEs. This innovative collaboration enables various sectors, including real estate, manufacturing, and general trading, to accept cryptocurrency payments securely alongside traditional fiat transactions. Aquanow ME FZE is regulated by Dubai’s Virtual...
Cryptocurrency exchange Bybit is on the verge of obtaining a full operational license in the United Arab Emirates after recently experiencing a significant hack that resulted in a loss of $1.4 billion. The exchange announced that it received in-principle approval from the Securities and Commodities Authority (SCA) to operate as a virtual asset platform within...
Dubai’s financial hub, the Dubai International Financial Centre (DIFC), has officially recognized USDC and EURC as approved crypto tokens under its regulatory framework. This makes them the first stablecoins to receive such approval within the DIFC, according to an announcement by Circle Internet Group, Inc., a leading global fintech firm. The Dubai Financial Services Authority...