The firm chose to expand into Abu Dhabi due to the innovation-friendly crypto regulations.
Read moreDubai financial regulator updates crypto token rules for funds
The changes encompassed several areas, including the ability of both external and domestic funds to invest in crypto tokens.
Read moreUAE agriculture authority prohibits crypto mining on farms: Report
Those caught mining crypto on farms face fines of up to 10,000 dirhams, or about $2,722.
Read moreChainalysis sets up regional HQ in Dubai amid local crypto boom
Chainalysis relocates its regional headquarters to Dubai, reflecting the UAE’s progressive stance toward blockchain technology.
Read moreCrypto options desk QCP Capital wins Abu Dhabi license: Report
The in-principle approval enables QCP Capital to offer regulated digital asset activities in the region.
Read moreDubai does for crypto what Silicon Valley did for tech — Gov’t affairs firm CEO
NH Management’s Tao Xiao explained that VARA’s objective is not to hinder progress but to secure the market’s integrity.
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