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” Groceries to luxury cars: The state of crypto adoption in Dubai “ The city of Dubai has been very welcoming to the crypto space, providing the much-needed regulatory clarity to help the industry thrive. While this attracts native Web3 and crypto businesses to the emirate, even non-crypto businesses started integrating technologies like crypto, nonfungible…
” Regulation comes for crypto staking: Law Decoded, Feb. 6–13 “ Last week, the United States Securities and Exchange Commission (SEC) reached an agreement with cryptocurrency exchange Kraken. The latter will stop offering crypto staking services to American customers and pay $30 million in disgorgement, prejudgment interest and civil penalties. While the sum of fines…
” Canadian University Dubai backtracks on accepting crypto via Binance Pay “ Not even 24 hours after the Canadian University Dubai (CUD) announced its partnership with Binance Pay to accept course fees in cryptocurrencies, a technical roadblock watered down the excitement behind the short-lived initiative. CUD, a private university in Dubai, was seemingly interested in…
” Crypto projects respond to privacy coin ban in Dubai “ The Virtual Asset Regulatory Authority (VARA) recently provided the much-awaited guidelines for virtual asset service providers (VASPs) in Dubai, United Arab Emirates, which included a ban on privacy coins. On Feb. 7, VARA released several rulebooks for VASPs including the “Virtual Assets and Related…
” Dubai releases crypto regulations for virtual asset service providers “ The Virtual Asset Regulatory Authority (VARA), the regulator in charge of overseeing cryptocurrency laws within Dubai, has issued new guidelines for virtual asset service providers (VASPs) operating within the emirate. According to Irina Heaver, a crypto and blockchain lawyer based in the United Arab…
” London emerges as world’s most crypto-ready city for business — Research “ Along with pro-crypto regulations, mainstream adoption of cryptocurrencies requires a supporting infrastructure that can allow the general public access and exposure to the ecosystem. When considering eight key indicators around taxes, ATMs, jobs and events in crypto, London stands at the top…
” Crypto to play ‘major role’ in UAE trade: foreign trade Minister “ Crypto will play a “major role” in the United Arab Emirates’ global trade moving forward, says the UAE’s minister of state for foreign trade Thani Al-Zeyoudi. Speaking with Bloomberg on Jan. 20 in Davos Switzerland — where world leaders are currently gathered…
Destination Dubai: Kendall Jenner, Nia Long, Nobu Matsuhisa Attend New Luxury Hotel Opening Kendall Jenner can add sake master to her resume. The model and reality TV star helped celebrity chef and restaurateur Nobu Matsuhisa relaunch Nobu Dubai at The Atlantis Palm on Friday night, performing the traditional Japanese ceremony “kagami biraki,” where one breaks…
” Crypto hotspots continue to thrive despite FTX collapse “ The sudden failure of FTX has left many people questioning the impact this will have on the cryptocurrency ecosystem. For instance, it remains questionable whether or not crypto hotspots will continue to flourish or if there will be a decline in innovation. While it may…
” How does the FTX collapse affect Dubai’s crypto ecosystem? “ With the FTX contagion affecting various sectors of the global crypto ecosystem, Dubai-based industry leaders commented on how the debacle will affect the budding crypto hub within the United Arab Emirates (UAE). From stricter regulations to better projects leading the way, various professionals gave…