UAE Crypto Compliance: VARA and ADGM Interpretation
This article will explore the key content and differences between Abu Dhabi and Dubai in terms of compliance supervision.
JinseFinanceThis article will explore the key content and differences between Abu Dhabi and Dubai in terms of compliance supervision.
JinseFinanceBybit has secured a provisional license from Dubai’s VARA, signaling progress toward full licensing and strengthening its position in the global crypto market. The company is also expanding in Hong Kong to tap into the growing Asia-Pacific market, reflecting its broader strategy to enhance its global presence.
WeatherlyNew Paradigm is a liquidity incentive activity within the Manta ecosystem launched by the Manta public chain.
JinseFinanceWhile the founders and CEO have settled their fines, VARA reported that OPNX is yet to make the required payment, potentially leading the regulator to take further measures against the platform.
SnakeThe market alert issued by VARA states that BitOasis is being reviewed for failing to meet the mandated conditions required for VARA-regulated market activity within the specified 30-60 day timeframes. Earlier this year, BitOasis was granted Dubai's "minimum viable product operational license," but the regulator may now rescind that license.
Coinlive
Coinlive Furthermore, the developing story has now led to the resignation of The Block CEO, Michael McCaffrey.
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