Dubai Reshapes Its Virtual Asset Landscape Through VARA’s Recent Regulatory Revisions
In the fast-paced realm of digital finance and virtual assets, where technology is evolving rapidly, VARA stands as a pioneering regulator in shaping the future regulatory landscape of virtual assets. The newly updated issuance rulebook has introduced a new definition for Fiat-Referenced Virtual Assets (FRVAs). According to VARA’s definition, FRVAs are virtual assets created to […]
Changer.ae Ltd Gains ADGM FSP License for Crypto Custodian Service Launch
Changer.ae Ltd, a leading crypto custodian service dedicated to the protection and management of digital assets, has secured the Financial Services Permission (FSP) license from the Abu Dhabi Global Market’s (ADGM) Financial Services Regulatory Authority (FSRA). This authorization allows Changer to offer its secure custodial services to individuals seeking a reliable platform for their cryptocurrencies. […]
Fuze Secures $14 Million to Pave the Way for Regulated Digital Asset Infrastructure in MENA
Abu Dhabi-based Fuze, a provider of digital assets infrastructure, has announced an impressive seed round of $14 million. This investment represents the largest seed funding ever secured by a digital assets startup in the Middle East and North Africa region (MENA). Fuze specializes in facilitating banks, fintech companies, and traditional enterprises to seamlessly offer regulated […]
IOTA’s Global Expansion Takes Shape with New Abu Dhabi Foundation
In a new development, an important milestone has been achieved in the journey to establish IOTA, an open-source distributed ledger and cryptocurrency designed for the Internet of things, as a global digital infrastructure and innovation ecosystem. The plan to create a new, independent, regulated foundation, headquartered in Abu Dhabi, is set to reshape IOTA’s global […]
MENA Web3 and Blockchain Venture Capital Landscape: Insights from Juliet Su of NewTribe Capital
In a recent interview with Juliet Su, the Fund Partner and Ecosystem Lead at NewTribe Capital, Unlock Blockchain delved into the world of venture capital (VC) investment in the MENA region, particularly focusing on the blockchain and Web3 sectors. The discussion also covered broader market trends and what lies ahead. Challenges in Measuring VC Investments […]
Dubai South Becomes First Free Zone in the Emirate to Integrate Blockchain System
Dubai South has announced the successful implementation of its blockchain integration system in collaboration with Dubai Customs, marking a significant achievement as the first free zone in Dubai to attain this milestone. This endeavor aligns with Dubai South’s dedication to the overarching goals of the Dubai eCommerce strategy, which aims to establish Dubai as the […]
VARA Grants TOKO FZE VASP License and Initial Approval to HAYVN
AC Holding Limited Dubai, operating under the brand name HAYVN as a digital asset-focused financial institution offering Trading, Custody, Asset Management, and Research services, has received initial approval from the Virtual Assets Regulatory Authority (VARA) in Dubai. HAYVN will now embark on the comprehensive process of applying for a Virtual Asset Service Provider License in […]
UAE’s Central Bank Joins Forces with BIS and COP28 to Unleash the COP28 UAE TechSprint
In an exciting development geared towards fostering innovation and addressing the pressing challenges of climate change, the Central Bank of the UAE (CBUAE), in collaboration with the Bank for International Settlements (BIS), the Emirates Institute of Finance (EIF), and the COP28 Presidency, has introduced the COP28 UAE TechSprint initiative. This global endeavor is designed to […]
UAE Financial Intelligence Unit’s Insights on the Use of Virtual Assets in Drug Trafficking
A recent report by the UAE Financial Intelligence Unit (UAEFIU) addresses drug trafficking and money laundering in the UAE, focusing on the misuse of financial institutions in the growing trend of drug trafficking via social media platforms. It also highlights various observations regarding the potential use of virtual assets in these illicit activities. The utilization […]
HAYVN Partners with Ledger to Deliver Secure Crypto-to-Fiat Off-Ramping
HAYVN, a financial institution specializing in digital assets and offering services such as Payments, Trading, Custody, Asset Management, and Research, has officially announced a collaboration with Ledger, a renowned manufacturer of cryptocurrency hardware. This partnership involves HAYVN establishing secure and reliable pathways for users of Ledger’s Ledger Live service to convert their crypto assets back […]