VARA Grants Regulatory License To Blockchain.com
According to reports, Dubai’s Virtual Assets Regulatory Authority, or VARA, has granted regulatory permission to Blockchain.com, a platform for bitcoin exchange and blockchain wallets.
Reuters reported on Friday that VARA had inked a contract allowing Blockchain.com to establish a presence in Dubai. Currently, the cryptocurrency company has offices spread across North America, Europe, South America, and Singapore.
Since Dubai’s ruler and prime minister Sheikh Mohammed bin Rashid Al Maktoum announced the creation of the cryptocurrency regulator and a corresponding law in March, VARA has given the go-ahead for the subsidiaries of Crypto.com, OKX, and FTX to provide services relating to cryptocurrencies in the emirate.
Al Maktoum also unveiled a metaverse strategy in July with the goal of creating more than 40,000 virtual jobs in Dubai by the year 2030.
Blockchain.com, one of the first Bitcoin (BTC) infrastructure companies, is striving for regulatory approval in Italy, France, Spain, and The Netherlands. Blockchain.com is based in London.
The Cayman Islands Monetary Authority gave Blockchain.com official permission to run an exchange and offer custodial services in August. The cryptocurrency company was allegedly valued at $14 billion following a fundraising round in March.
DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
Join CoinCu Telegram to keep track of news: https://t.me/coincunews
Follow CoinCu Youtube Channel | Follow CoinCu Facebook page
Harold
CoinCu News
Author
News
VARA Grants Regulatory License To Blockchain.com
According to reports, Dubai’s Virtual Assets Regulatory Authority, or VARA, has granted regulatory permission to Blockchain.com, a platform for bitcoin exchange and blockchain wallets.
Reuters reported on Friday that VARA had inked a contract allowing Blockchain.com to establish a presence in Dubai. Currently, the cryptocurrency company has offices spread across North America, Europe, South America, and Singapore.
Since Dubai’s ruler and prime minister Sheikh Mohammed bin Rashid Al Maktoum announced the creation of the cryptocurrency regulator and a corresponding law in March, VARA has given the go-ahead for the subsidiaries of Crypto.com, OKX, and FTX to provide services relating to cryptocurrencies in the emirate.
Al Maktoum also unveiled a metaverse strategy in July with the goal of creating more than 40,000 virtual jobs in Dubai by the year 2030.
Blockchain.com, one of the first Bitcoin (BTC) infrastructure companies, is striving for regulatory approval in Italy, France, Spain, and The Netherlands. Blockchain.com is based in London.
The Cayman Islands Monetary Authority gave Blockchain.com official permission to run an exchange and offer custodial services in August. The cryptocurrency company was allegedly valued at $14 billion following a fundraising round in March.
DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
Join CoinCu Telegram to keep track of news: https://t.me/coincunews
Follow CoinCu Youtube Channel | Follow CoinCu Facebook page
Harold
CoinCu News
Other Posts
Related Posts
Sponsored Articles
Cardano (ADA), Ripple (XRP), And ETFSwap (ETFS) Are The Altcoins To Hold When Spot Bitcoin ETFs Inflow Return
News
Bitcoin Whale Wallets With Over 1,000 BTC Are Almost At A New All Time High
News
Ripple’s XRP Sale Worth $78 Million Is Putting Great Pressure on Token Prices
News
LayerZero Token Airdrop Rules Announced, Early Transactions Will Be Eewarded 3x
Latest
Coinbase Responded to the SEC’s Actions To Prevent “Dies in Darkness” in the Lawsuit
Press Release
Polygon (MATIC) Whales All-In on Mpeppe (MPEPE) for Unprecedented 800% Returns
