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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Nexo Secures Preliminary VARA Approval to Launch Crypto Lending and Brokerage Services in Dubai
On Tuesday, Nexo announced its Dubai entity, Nexo DWTC, had secured preliminary approval from Dubai’s Virtual Assets Regulatory Authority (VARA) to engage in virtual asset
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Project Mbridge Reaches Milestone: First Digital Dirham Cross-Border Settlement Goes Through
The first cross-border digital dirham payment was completed by Sheikh Mansour Bin Zayed Al Nahyan, Chairman of the Board of the Central Bank of the
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