Dubai issues crypto marketing rules to better protect investors
Dubai's new Virtual Asset Regulatory Authority requires more clarity and transparency from industry marketers and promoters in order to protect investors.
Auto Added by WPeMatico
Dubai's new Virtual Asset Regulatory Authority requires more clarity and transparency from industry marketers and promoters in order to protect investors.
Former traditional finance veterans are debuting a crypto career at the crypto ETF issuer 21Shares despite the bear market.
The Google trends data for the popular search terms in 15 countries showed that “Ethereum” searches outscored “Bitcoin” in 14 of them.
According to Dubai officials, the subsidiary’s operations will serve as a regulatory trial for future commercial services using virtual assets.
Huobi cryptocurrency exchange is expanding its global footprint by winning its first-ever licenses in Dubai and New Zealand.
UAE has made blockchain technology a key focus for its future strategies and currently building a decentralized ecosystem to make it a global blockchain hub.
Crypto.com will have further requirements before its full license is granted in the “near-term” and FTX said the move would allow it to work “directly with Japanese regulators.”
The move came less than two months after Sheikh Mohammed bin Rashid Al Maktoum established VARA and announced a new legal framework for crypto in Dubai.
With the new operational license in Abu Dhabi, Kraken aims to provide access to global liquidity to local investors via dirham (AED) trading pairs.