An executive from hedge fund Brevan Howard says that the United Arab Emirates’ (UAE) sensible approach to crypto regulations is making the country a top region for digital asset trading. According to a new report from Reuters, $35 billion hedge fund Brevan Howard group head of compliance Ryan Taylor told the AIM Conference in Dubai […]
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Dubai’s Virtual Assets Regulatory Authority (VARA) has implemented stricter regulations for crypto companies to enhance investor protection and ensure transparency. The new rules require firms to include risk warnings in marketing materials, obtain necessary licenses, and adhere to compliance standards. These measures aim to inform investors about the risks and volatility of cryptocurrencies, while fostering […]
PRESS RELEASE. [Singapore, 2024] – The much-anticipated VC Founders Summit is set to take place on September 21st, bringing together venture capitalists, industry leaders, and innovators to shape the future of investment and entrepreneurship. As a dynamic side event of the renowned Token2049 conference, and coinciding with the excitement of Singapore Formula One Week, this […]
Standard Chartered has launched a digital asset custody service in the United Arab Emirates (UAE), licensed by the Dubai Financial Services Authority. The service aims to provide secure storage for digital assets, initially focusing on bitcoin and ethereum. Brevan Howard Digital is the first client, and the bank plans further expansion into additional digital assets. […]
Financial services behemoth Standard Chartered is launching a digital asset custody service in the United Arab Emirates following the approval of a license from local regulators. According to a new press release, Standard Chartered has selected the UAE for its product launch due to the region’s well-regarded approach to digital asset regulation and adoption. Says […]
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Crypto salaries are becoming more common, especially in countries with prevalent economic incentives like inflation.
Getting paid in crypto isn’t easy. Employees and employers alike have several legal hoops to jump through, but it’s getting simpler as courts and businesses recognize the benefits.
On Aug. 15, a Dubai court ruling recognized crypto assets as a valid means of salary payment.
Issued by the Dubai Court of First Instance, the judgment came in response to a dispute between an employee and employer over unpaid wages (a portion of which was denominated in crypto tokens).
Indian crypto exchange Coindcx is expanding globally by acquiring the Middle Eastern digital asset platform Bitoasis. This strategic move enhances Coindcx’s presence in the Middle East and North Africa (MENA) region while allowing Bitoasis to retain its branding and leadership, signaling a new phase of growth and maturity for both companies. Big Milestone: 2 Market […]
NH Management’s Tao Xiao explained that VARA’s objective is not to hinder progress but to secure the market’s integrity.
Although Dubai’s Virtual Assets Regulatory Authority (VARA) has deployed comprehensive requirements for the crypto space, professionals working in licensing believe that the lengthy process is worth it.
Cointelegraph contacted crypto licensing executives working in Dubai to get their thoughts on the local licensing process and laws.
Tao Xiao, managing partner of business consulting firm NH Management, told Cointelegraph that VARA’s crypto licensing process can take up to a year. Xiao, who previously worked at Dubai’s Chamber of Commerce, said the process demands meticulous attention to detail and strong compliance measures. Xiao said:
The mother of CZ’s children sought to dispel concerns about the former CEO’s fate as he awaits sentencing in the United States.
Former Binance CEO Changpeng Zhao, often known as CZ, is in a “positive situation,” according to the cryptocurrency exchange’s co-founder He Yi. CZ is set for sentencing in the United States on one felony charge on April 30.
Yi “dispelled concerns over the regulatory status” at the Binance Chinese Meetup held on the sideline of the Token2049 conference in Dubai, according to the company’s newsfeed. The post did not quote her directly, but added Yi said that:
When he is sentenced in the District Court of Western Washington, CZ could receive a prison term of up to 10 years. The sentence recommended in the guidelines is 12 to 18 months. The single charge resulted from a settlement reached in November that also required the company to forfeit $4.3 billion. That settlement forced CZ to resign as Binance CEO.
Blockchain-driven robots served coffee with a side of crypto incentives at Token2049 in Dubai in a bid to revolutionize our relationship with automation.
The future is here and it has arrived in the form of a fully-automated robot serving coffee and sprinkled-topped ice cream all powered by blockchain technology.
Deployed at Token2049 in Dubai, Peaq, a layer-1 blockchain for DePIN and Machine RWAs (real-world assets), alongside XMAQUINA and ELOOP, launched a live demonstration of tokenizing autonomous value-generating robots.
The robo-cafe demo included serving attendees coffee and soft serve while allowing users to earn crypto rewards for each cup sold via XMAQUINA’s machine pool.
