Standard Chartered is opening Bitcoin and Ether trading to eligible Professional Investors in the UAE, with custody and settlement through the bank. Key details remain unclear, including fees, eligibility rules and whether clients can withdraw their crypto.
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Kraken parent Payward has secured Dubai’s VARA approval to offer regulated crypto services, including dirham funding and trading. But there’s no launch date or confirmed list of products, and derivatives and yield services will require further approval.
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Dubai’s real-estate tokenisation pilot has moved into controlled testing, with possible secondary-market functions under review—not public trading. VARA also warns firms against implying unauthorized approval or participation, as a token alone does not guarantee property ownership.
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Dubai’s VARA says it is tightening compliance rules for crypto firms immediately, but the exact changes aren’t publicly detailed in the available material. For VASPs, the message is clear: higher standards, more scrutiny, and less room for sloppy ops.
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Flowdesk’s Dubai entity has landed a full VARA broker-dealer license, clearing it to serve qualified and institutional crypto clients under a real regulatory framework, not retail hype. The firm now adds Dubai to its growing regulated footprint alongside MiCA authorization in France.
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Dubai is tightening its crypto AML playbook, and the message from VARA is blunt: virtual asset firms need to keep an eye on FATF blacklisted and high-risk jurisdictions in real time, or get ready for a very expensive headache. VARA wants real-time FATF monitoring from crypto firms operating in Dubai Anti-money laundering controls are getting […]
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Dubai’s VARA Sets a Bold Precedent with New Digital Asset Issuance Rules Dubai has fired a shot across the bow of the global crypto industry with the launch of the world’s first dedicated regulatory framework for virtual asset issuance. The Virtual Assets Regulatory Authority (VARA) has unveiled the Virtual Assets Issuance Rulebook, a comprehensive set […]
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Dubai’s Crypto Regulator VARA Wields New Powers: A Game-Changer or Overreach? Dubai’s Virtual Assets Regulatory Authority (VARA) has dropped a regulatory bombshell with its latest Rulebook Version 2.1, granting itself the ability to order crypto firms to act instantly—no warning needed—during market turmoil. This, alongside opening up the high-octane world of crypto derivatives to retail […]
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KuCoin Blocked in UAE: Dubai Authorities Deliver a Brutal Wake-Up Call to Unlicensed Exchanges Dubai’s regulators have slammed the brakes on KuCoin, ordering the Seychelles-based cryptocurrency exchange to halt operations in the emirate immediately for lacking proper licensing. This decisive move by the Virtual Assets Regulatory Authority (VARA) not only exposes the risks of dealing […]
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Dubai’s Real Estate Tokenization Pilot: VARA Cracks Down on False Claims Dubai’s Virtual Assets Regulatory Authority (VARA) has taken decisive action against firms falsely claiming participation in the city’s real estate tokenization pilot, launched on March 19. This initiative aims to position Dubai as a global leader in digital assets and Web3 innovation, with projections […]
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