Crypto
Binance Obtains License to Operate as a Crypto Broker-Dealer in Dubai
On Monday, Binance became the first cryptocurrency exchange to acquire an operational license in Dubai.
BTC$62,686.00-1.67%
ETH$1,666.62-3.16%
USDT$0.9987-0.01%
USDC$0.9996-0.01%
XRP$1.10-1.88%
SOL$69.40-3.23%
TRX$0.329-1.01%
FIGR_HELOC$1.03-0.16%
HYPE$61.30-7.24%
DOGE$0.0789-3.56%
USDS$0.9997+0.00%
RAIN$0.0157-2.06%
LEO$9.49-0.84%
ZEC$413.84-6.89%
XLM$0.1911-3.05%
BTC$62,686.00-1.67%
ETH$1,666.62-3.16%
USDT$0.9987-0.01%
USDC$0.9996-0.01%
XRP$1.10-1.88%
SOL$69.40-3.23%
TRX$0.329-1.01%
FIGR_HELOC$1.03-0.16%
HYPE$61.30-7.24%
DOGE$0.0789-3.56%
USDS$0.9997+0.00%
RAIN$0.0157-2.06%
LEO$9.49-0.84%
ZEC$413.84-6.89%
XLM$0.1911-3.05%
Dubai's top financial regulator VARA issued a $2.7 million fine to OPNX in May. The fine was imposed in May and remains unpaid.
On Monday, Binance became the first cryptocurrency exchange to acquire an operational license in Dubai.
Dubai's digital asset regulator asked Binance to provide more information relating to its ownership structure, governance, and auditing procedures.
Dubai's independent virtual asset regulator VARA unveiled a comprehensive set of regulations for crypto firms.
Dubai and Bahrain are leading the way in crypto adoption, but could other Arab countries be following?
DIFC promotes FinTech in the Middle Eastern, African, and South Asian (MEASA) markets