{"id":416363,"date":"2022-03-15T11:31:13","date_gmt":"2022-03-15T08:31:13","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/ftx-crypto-exchange-wins-license-in-dubai-to-open-local-headquarters\/"},"modified":"2022-03-15T11:31:13","modified_gmt":"2022-03-15T08:31:13","slug":"ftx-crypto-exchange-wins-license-in-dubai-to-open-local-headquarters","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/ftx-crypto-exchange-wins-license-in-dubai-to-open-local-headquarters\/","title":{"rendered":"# FTX crypto exchange wins license in Dubai to open local headquarters"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a3d8293e6238\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a3d8293e6238\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/ftx-crypto-exchange-wins-license-in-dubai-to-open-local-headquarters\/#%E2%80%9D_FTX_crypto_exchange_wins_license_in_Dubai_to_open_local_headquarters_%E2%80%9C\" >&#8221; FTX crypto exchange wins license in Dubai to open local headquarters &#8220;<\/a><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9D_FTX_crypto_exchange_wins_license_in_Dubai_to_open_local_headquarters_%E2%80%9C\"><\/span>&#8221; FTX crypto exchange wins license in Dubai to open local headquarters &#8220;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<p><img decoding=\"async\" src=\"https:\/\/images.cointelegraph.com\/images\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMDMvNDhjM2QyNzgtNjFlZC00ZjBjLWJmN2MtOTA0Yzg5NTA5NWM4LmpwZw==.jpg\" \/><\/p>\n<div class=\"post-content\" data-v-128018ef>Major global cryptocurrency exchange FTX is expanding operations in the United Arab Emirates by receiving a virtual asset license in Dubai.<\/p>\n<p>The license is <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>arently granted under a new cryptocurrency law adopted last week in Dubai, with Dubai Virtual Asset Regulatory Authority (VARA) becoming a major crypto regulator in the Emirate\u2019s special development and free zones.<\/p>\n<p>According to FTX founder and CEO Sam Bankman-Fried, FTX has received the \u201cfirst and so far only\u201d digital exchange license from Dubai.<\/p>\n<p>Binance has also <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2022-03-14\/crypto-exchange-ftx-wins-license-and-plans-regional-hq-in-dubai\">obtained<\/a> a crypto license in Dubai under the same program, according to a report by Bloomberg. The world&#8217;s largest crypto exchange by trading volumes was reportedly <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2022-03-09\/binance-is-said-to-be-in-talks-for-license-to-operate-in-dubai?sref=3REHEaVI\">working<\/a> to receive an operational license in Dubai last week.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Really excited to receive the first (and so far only) digial asset exchange license from Dubai!<\/p>\n<p>Adding to the list: <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/50ELyIX1cd\">https:\/\/t.co\/50ELyIX1cd<\/a> <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/1jEkTz52qS\">https:\/\/t.co\/1jEkTz52qS<\/a><\/p>\n<p>\u2014 SBF (@SBF_FTX) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/SBF_FTX\/status\/1503607017486884864?ref_src=twsrc%5Etfw\">March 15, 2022<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\nAs part of its push in Dubai, FTX plans to establish a regional headquarters in the city and offer crypto derivatives products with centralized counterparty clearing to institutional investors, Bankman-Fried said.<\/p>\n<p>FTX\u2019s European and Middle Eastern division FTX Europe is among anchors in the Dubai World Trade Centre, which became a comprehensive zone and regulator of cryptocurrencies, products and operators in December 2021. As previously reported, Binance was among the first crypto exchanges to join a new crypto hub established by the Dubai World Trade Centre Authority last year.<\/p>\n<p>\u201cThe certainty and credibility that Dubai assures in its adherence to these commitments allows FTX to safely pursue its overall strategy of scaling towards becoming the first virtual-asset service provider to enter global markets in a fully regulated manner,\u201d FTX Europe head Patrick Gruhn said.<\/p>\n<p><strong><em>Related: Binance awarded Bahrain crypto service provider license<\/em><\/strong><\/p>\n<p>Cointelegraph reached out to Binance, FTX and Dubai authorities for further information but didn&#8217;t receive any comments at the time of publica<\/p>\n<p>The UAE emerged as one the most crypto-friendly countries as authorities in its capital city of Dubai have been ramping up the efforts to enable the crypto industry\u2019s development. As previously reported,\u00a0UAE regulators came up with multiple arrangements to\u00a0allow crypto trading\u00a0in several free economic zones in Dubai last year.<\/p>\n<p><template data-name=\"subscription_form\" data-type=\"markets_outlook\"><\/template>\n<\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/ftx-crypto-exchange-wins-license-in-dubai-to-open-local-headquarters\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8221; FTX crypto exchange wins license in Dubai to open local headquarters &#8220; Major global cryptocurrency exchange FTX is expanding operations in the United Arab Emirates by receiving a virtual asset license in Dubai. The license is apparently granted under a new cryptocurrency law adopted last week in Dubai, with Dubai Virtual Asset Regulatory Authority&#8230;<\/p>\n","protected":false},"author":1,"featured_media":416364,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMDMvNDhjM2QyNzgtNjFlZC00ZjBjLWJmN2MtOTA0Yzg5NTA5NWM4LmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[75014,74862,74863,74860,89897,77146,117,71644,70934],"class_list":["post-416363","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-binance","tag-bitcoin","tag-cryptocurrencies","tag-cryptocurrency-exchange","tag-sam-bankman-fried","tag-uae","tag-business","tag-dubai","tag-regulation"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/416363","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=416363"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/416363\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/416364"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=416363"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=416363"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=416363"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}