Komainu Receives Provisional License For Bitcoin, Crypto Services In Dubai
The joint venture by Japan’s largest investment bank Nomura, CoinShares and Ledger will offer institutional services for bitcoin and other digital assets.Komainu has received provisional approval to offer institutional bitcoin and cryptocurrency custody services in Dubai.The company is a joint venture by $471 billion Nomura Bank, CoinShares and Ledger. Komainu is considered operationally ready while regulators perform their due diligence before issuing a full approval.Komainu, a digital asset custodian backed by $471 billion Japanese investment bank Nomura, has received a provisional....
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Cryptocurrency Binance has received another license from Dubai’s crypto regulator. Binance can now provide more crypto-related services in Dubai. Binance’s New License in Dubai Cryptocurrency Binance announced Wednesday that it has received the Minimal Viable Product (MVP) license from Dubai’s Virtual Asset Regulatory Authority (VARA). The announcement details that besides allowing Binance to “open a client money account with a domestic bank,” having an MVP license means: Binance can offer an approved range of virtual asset-related services to suitably....
A major cryptocurrency exchange in the UAE, Bitoasis, has obtained provisional approval from Dubai’s new cryptocurrency regulator. Binance and FTX have also been green-lighted by the regulator. Bitoasis Pursuing License From Dubai’s New Crypto Regulator Bitoasis, a major crypto exchange founded and headquartered in Dubai, announced Wednesday that it has received “provisional approval” from Dubai’s new crypto regulator, the Virtual Assets Regulatory Authority (VARA). Dubai adopted its first law to regulate the crypto sector earlier this month and....
The Hong Kong-based company will join the likes of Binance, Crypto.com, OKX and FTS, who’ve also opened offices in the UAE. A Hong Kong-headquartered crypto investment platform, Q9 Capital, received provisional virtual asset approval from Dubai’s Virtual Asset Regulatory Authority (VARA). The company announced its expansion to the UAE and applied for a full operating license as well. According to its press release from Oct. 27, Q9 will establish a regional hub in Dubai and start providing services to qualified investors and financial service providers once it receives a full operating....
The license will allow crypto exchange OKX to offer services and products to investors and financial services providers in Dubai. Crypto exchange OKX has acquired a provisional virtual assets license granted by the Dubai Virtual Assets Regulatory Authority (VARA), allowing them to offer additional services to qualified investors and financial services providers in Dubai, United Arab Emirates (UAE). In a statement, the OKX team told Cointelegraph that the license allows them to extend products and services in the region. Following this, the exchange will also facilitate research and....
The new MVP License is a transition from a provisional license received under a new regulatory framework earlier this year. Crypto exchange Binance received a Minimal Viable Product (MVP) license from Dubai's Virtual Asset Regulatory Authority (VARA), enabling the crypto exchange to offer a range of virtual asset services to qualified retail and institutional investors, the company disclosed on Tuesday.The development follows the issuance of the provisional license granted in March, which permitted the company to set up an office in the United Arab Emirates and provide digital asset....