Tag: Dubai

July 14, 2022 BY Steffy Bogdanova

OKX granted Dubai VARA provisional license

Lennix Lai, General Manager, OKX Dubai, commented: The MENA region is one of the fastest growing markets for our industry, and we are very excited to be at the heart of this thriving ecosystem. OKX looks forward to contributing meaningfully to the free exchange of ideas that is going to be so important to the…

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FTX Dubai
March 15, 2022 BY Steffy Bogdanova

FTX Europe obtains license to operate Virtual Asset Exchange in Dubai

FTX CEO, Sam Bankman-Fried, commented: FTX is proud to be the first licensee under Dubai's prudential supervision regime. It's an honor to be one of the first approved applicants in such a specialised category and we are excited to be able to introduce complex crypto-derivatives products with centralised counterparty clearing to institutional markets. FTX receiving…

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January 05, 2022 BY Steffy Bogdanova

Former DGCX CEO Gaurang Desai joins Equiti Group as Managing Director of Strategy

A founding member of the Dubai Gold and Commodities Exchange (DGCX Group), Desai previously held the role of Chief Operating Officer for nearly ten years. Desai also established and managed the operations for the Dubai Commodities Clearing Corporation (DCCC). During his time there, he created an ecosystem of banks, custodians, collateral managers, warehouses, vaults, assayers,…

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October 26, 2021 BY Steffy Bogdanova

DFSA introduces regulation for investment tokens

Peter Smith, Managing Director, Head of Strategy, Policy and Risk at the DFSA said: Creating an ecosystem for innovative firms to thrive in the UAE is a key priority for both the UAE and Dubai Governments, and the DFSA. Our consultation on Investment Tokens enabled us to understand what firms were looking for in a…

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DGCX and DIEDC team up to strengthen Dubai’s Islamic finance economy
November 06, 2018 BY Mariela Naydenova

Dubai with its first official cryptocurrency exchange

The United Arab Emirates are already in the "bull" graph when it comes to cryptocurrencies and their adoption. Dubai is one of the most technologically advanced countries in the world, and it has set a mission to become a global tech hub in the very recent future. Dubai has set the ambitious goal to have…

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September 19, 2018 BY Mariela Naydenova

Cryptocurrency risks in Dubai

Dubai is one of the most advanced countries in the world. The cryptocurrency sector is no exception. Dubai is one the countries that is cryptocurrency "friendly" and is embracing the technology of blockchain. However, the risks associated with altcoins are rising. The police in Dubai warned the community that users and investors can expect fraud,…

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April 20, 2018 BY Mariela Naydenova

Blockchain Tour Market in Dubai

Dubai is undoubtedly one of the most famous destinations for tourists from around the world. Blockchain is now entering the "game" in Dubai. The Dubai Department of Tourism and Commerce Marketing, or for short - DTCM has just launched a blockchain platform called Tourism 2.0, which allows tour operators and hotels and the like to…

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October 10, 2017 BY Mariela Naydenova

Dubai - Blockchain Heaven

Dubai's government is the first one in the world to conduct all transactions through blockchain. The Dubai Land Department has gone completely "cashless" as part of the initiative "Dubai Blockchain Strategy" launched by H.H. Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of the Board of Trustees of Dubai Foundation…

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