Dubai has made a significant step forward in its transition to digital payments by successfully completing a pilot program for crypto-to-dirham settlement of government fees. The initiative, orchestrated […]
Dubai Paves the Way for Government Crypto Payments using Digital Assets
Dubai has taken a major step toward integrating blockchain technology into its public finance system, successfully processing a government fee payment in dirhams using digital assets. The pilot […]
Dubai and peaq Partner on Machine Economy Regulation
Dubai’s Virtual Assets Regulatory Authority (VARA) has signed a memorandum of understanding with the DePIN protocol peaq to establish regulations for on-chain robotics and tokenized machines. The agreement […]
Dubai’s Liquidity Fintech FZE Receives Initial Approval to Offer Virtual Asset Services
Liquidity Fintech FZE, a subsidiary of Liquidity Tech based in Dubai, has received ‘in-principle approval’ (IPA) from the Dubai Virtual Assets Regulatory Authority (VARA) to operate as a […]
Dubai’s New Global Financial Hub: How Ripple is Empowering the XRP Community
Dubai has officially become the world’s largest licensed virtual assets market, surpassing a staggering $2.5 trillion in trading volume since 2025. This landmark achievement underscores Dubai’s ambition to […]
Dubai Embraces Virtual Assets: Key Pillar of Financial Strategy
Dubai’s new financial strategy places virtual assets at the forefront of its industry ambitions. The initiative seeks to boost the sector’s contribution to the GDP by 3%, equivalent […]
Dubai Unveils Plan to Boost Global Financial Standing
Dubai is taking steps to solidify its position as a global financial powerhouse, unveiling a comprehensive reform plan outlined by the Dubai Government Media Office. Dubbed the ‘Dubai […]
Bybit Secures License to Operate as First Regulated Crypto Exchange in UAE
Bybit has officially obtained a license from Dubai’s Virtual Assets Regulatory Authority (VARA), marking its entry as the first licensed crypto exchange within the UAE. This significant move […]
Dubai Seeks Crypto Domination: Challenging Asian Rivals for Global Leadership
Joshua Chu, co-chair of the Hong Kong Web3 Association, offers his insight into Dubai’s aggressive strategy to become the world’s next crypto capital. This article explores the city’s […]
Forex Expo Dubai Sets New Guinness World Record for Largest Forex Event
The 8th edition of Forex Expo Dubai has been crowned the world’s largest forex and online trading event by winning the Guinness World Records™ for “Largest attendance at […]
Dubai Cracks Down on Crypto Firms: 19 Entities Face Penalties for Breaches
Dubai’s regulatory authority, VARA, has launched a significant crackdown on crypto firms operating within the city-state, imposing substantial fines and halting all virtual asset services. The enforcement action […]
Dubai Fines 19 Unlicensed Crypto Firms $163,000 for Market Integrity
Dubai’s Virtual Assets Regulatory Authority (VARA) has imposed fines up to $163,000 on 19 firms operating without licenses for unlicensed crypto activities. These penalties aim to maintain transparency […]
BitGo Receives Regulatory Approval in Dubai Amid Enforcement Actions
BitGo, a digital asset infrastructure company, has secured regulatory approval to operate certain services within Dubai. This move follows Dubai authorities issuing enforcement actions against numerous companies in […]
BitGo Secures License in Dubai Amidst Regulatory Crackdown
Digital asset infrastructure provider BitGo has obtained a broker-dealer license from Dubai’s Virtual Assets Regulatory Authority (VARA), granting its Middle East arm permission to offer regulated trading and […]
Dubai Fines Crypto Firms for Unlicensed Operations, Imposing $163K Penalties
The Dubai Virtual Assets Regulatory Authority (VARA) has issued fines to 19 crypto firms operating without licenses in the emirate. The penalties reach up to $163,000 each, reflecting […]