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Cryptorank

Category Dubai

VARA Volume Hits Dh2.5 Trillion as Dubai Targets Top Three Global Hub Status

VARA Volume Hits Dh2.5 Trillion as Dubai Targets Top Three Global Hub Status

Dubai has unveiled an ambitious reform plan for its financial sector, setting its sights on becoming one of the world’s top three financial centers...
First in UAE – Bybit Snags SCA License, Unlocking Regulated Trading and Custody

First in UAE – Bybit Snags SCA License, Unlocking Regulated Trading and Custody

Bybit has received an SCA License from the UAE’s national securities regulator, extending coverage beyond Dubai’s VARA and permitting regulated tra...
VARA Penalizes 19 Crypto Firms for Operating Without Licenses in Dubai

VARA Penalizes 19 Crypto Firms for Operating Without Licenses in Dubai

Dubai’s Virtual Assets Regulatory Authority (VARA) has sanctioned 19 firms for operating without due licenses within its region. Following an inves...
Dubai Regulator VARA Sanctions 19 Crypto Firms Operating Without Licenses – Fines Up to $163K Each

Dubai Regulator VARA Sanctions 19 Crypto Firms Operating Without Licenses – Fines Up to $163K Each

Dubai's Virtual Assets Regulatory Authority sanctioned 19 crypto firms for operating without licenses, issuing fines between AED 100,000-600,000 ($...
Dubai’s VARA Fines Morpheus for AML and Internal Compliance Failures

Dubai’s VARA Fines Morpheus for AML and Internal Compliance Failures

Morpheus FUZE has accepted the identified findings and proposed a remedy strategy. VARA has not disclosed the financial penalty that Morpheus wil...