#VARA LICENSE DUBAI

[finjuriscounsel]

Unlocking Success: Get Your Cryptocurrency License in Dubai Today

Obtaining a cryptocurrency license in Dubai typically involves adherence to specific regulations and compliance requirements set by the relevant regulatory bodies, such as VARA (Virtual Assets Regulatory Authority) or other governmental entities. This license covers various crypto-related activities, including cryptocurrency exchanges, wallet services, and token offerings.

[finjuris-dubai]

VARA License

UAE is now one of the heaven for Innovators & UAE without doubt is in the process of regulating Virtual Asset, set an example for the world. If you would like to be a part of the journey then, apply for license under VARA rules & expand your footstep in Virtual Asset like never before. We are here to guide you from Legal & Regulatory Aspect.

https://finjuris.ae/vara-licensing-compliance

[abtechsorg]

MetaTdex Obtains Groundbreaking License from DMCC: A Step Forward for the Mainstream Adoption and Legitimacy of Cryptocurrency

MetaTdex, a decentralized exchange based in Dubai, has made history by becoming the first decentralized exchange to obtain a license from the Dubai Multi Commodities Centre (DMCC). This achievement marks a significant milestone for the company, as it now has legal and regulatory backing to provide all encrypted digital asset exchange services in Dubai, including Bitcoin (BTC), Ether (ETH), USDT token and more.

The license (No. DMCC-870791) means that MetaTdex has obtained the authority to provide these services in a compliant and secure manner, ensuring that users can participate in Web 3.0 finance with confidence. This is a major step forward for the industry, as it promotes the mainstream adoption of cryptocurrency and blockchain technology.

MetaTdex established an operation center in Dubai in August 2022, and in just four months since moving into their new office, the company has already secured both a US MSB (Money Services Business) and Dubai DMCC license. This rapid progress is a testament to the hard work and dedication of the MetaTdex team, as well as the favorable regulatory environment in Dubai for cryptocurrency and blockchain technology.

Furthermore, MetaTdex is not content to rest on their laurels, and they are actively working on obtaining more licenses such as Dubai MTL (Metals and Minerals trading License), VARA (Virtual Asset Service Provider), DIFC (Dubai International Financial Centre), ADGM (Abu Dhabi Global Market). This indicates their goal to open up the connection between cryptocurrency and traditional stock markets, allowing users to gain more benefits in a compliant and secure Web 3.0 finance environment.

The development of the blockchain and cryptocurrency ecosystem in Dubai is something that is worth paying attention to. The DMCC license granted to MetaTdex is an indication that the government is committed to creating an environment that is favorable for blockchain technology and cryptocurrency. With a rapidly advancing regulatory environment, we can expect to see more companies following in MetaTdex’s footsteps and obtaining licenses to operate in Dubai.

In conclusion, the success of MetaTdex in obtaining a license from the DMCC is a significant achievement not only for the company but also for the entire blockchain and cryptocurrency industry. It is a clear signal that Dubai is open to innovative technologies and is working to create a favorable environment for their development. This is an encouraging development and it will be interesting to see how the ecosystem in Dubai continues to evolve in the coming years.

Join our Community to get the latest update on MetaTdex: Main Group: https://t.me/MetaTdex_group MetaTdex Twitter https://mobile.twitter.com/MetaTdex

Start your web3.0 journey with MetaTdex. www.metatdex.com

[coinatory]

Crypto.com Secures Pivotal License from Dubai’s Virtual Assets Regulator

In a landmark move for the cryptocurrency sector, Dubai's esteemed Virtual Assets Regulatory Authority (VARA) has awarded a Virtual Asset Service Provider (VASP) license to Crypto.com, a leading global trading platform. This authorization, announced on April 9, empowers Crypto.com to extend its sophisticated institutional services to the burgeoning market within the Emirate, signifying a major milestone in its expansion efforts. Eric Anziani, the Chief Operating Officer and President of Crypto.com, articulated the strategic importance of this development, stating, "Initiating our world-renowned institutional services through the Crypto.com Exchange in Dubai is crucial for our continued growth and success in this vital market for our company." This sentiment underscores the strategic vision of Crypto.com as it solidifies its presence

source

[financialnewshub]

Crypto derivatives firm Deribit moves to Dubai after winning VARA approval

Deribit, one of the world’s largest exchanges offering options and futures for cryptocurrencies like Bitcoin BTCUSD, is relocating to Dubai after securing new local regulatory approval. The Dubai subsidiary of Deribit group, Deribit FZE, has received a Virtual Asset Service Provider (VASP) license from Dubai’s Virtual Asset Regulatory Authority (VARA), Deribit announced on April 2. The new…

[thenewsart]

OKX secures conditional license from Dubai regulator

Share this article Crypto exchange OKX’s Dubai subsidiary has been granted a provisional virtual asset service provider (VASP) license by the Emirate’s Virtual Assets Regulatory Authority (VARA) today. Though awarded, the license remains non-operational until OKX meets all regulatory requirements. We’re proud to announce OKX Middle East Fintech was granted the VASP license from Dubai’s VARA…

[inchbrick-realty]

Want To Buy Property With Cryptocurrency In Dubai ? : Step-By-Step Guide

Virtual currencies such as Bitcoin and Ethereum are actively used to buy properties in real estate. Dubai has gone further than most countries and was the first to introduce the ability to sell, rent or buy real estate using cryptocurrencies or Bitcoin.

The crypto market can be extremely volatile at times, which is why many crypto investors are diverting their funds into a more stable investment such as real estate.

What is cryptocurrency?

Cryptocurrency is basically a digital version of money that is based on cryptographic technology or an immutable code. Cryptocurrencies are based on blockchain technology, which is essentially a decentralised database that cannot be altered or hacked.

Regulation of cryptocurrencies and blockchain in Dubai

VARA was established to provide a secure and advanced operating framework for the virtual asset (VA) sector that is capable of scaling while ensuring market and investor protection, and expects it to regulate the principles of services and activities rather than the constantly evolving products and underlying technologies. This bold move reflects the Dubai government’s confidence that virtual assets are an integral part of the future digital economy and its willingness to establish the emirate as a world capital for virtual assets. Dubai’s Virtual Assets Regulatory Authority (VARA) announced its entry into the metaverse with the establishment of its metaverse headquarters in the dynamic virtual world "The Sandbox".

As the first regulator in the world to debut in the metaverse, VARA aims to ensure that the regulator is accessible to the industry in its environment and facilitate collaboration between global Virtual Asset Service Providers (VASPs), industry thought leaders and international regulators.

Government initiatives

Through these types of projects, the country aims to drive government efficiency, industrial development and international leadership. The blockchain strategy initiatives led by Sheikh Mohammed bin Rashid Al Maktoum will help make Dubai a prosperous city.

The cryptocurrency system and blockchain will be actively introduced into the economy and will help to conduct business without any bureaucracy. Blockchain will be used in the real estate industry to create a registry of all properties in Dubai, which will be developed by the Dubai Land Department (DLD).

Buying, Selling or Leasing A Properties With Inch & Brick Realty

If you want to sell, rent or buy real estate in Dubai using cryptocurrencies, we recommend that you work with companies that have already been successful with such transactions.

Inch & Brick Realty works with reputable financial brokers who have an impeccable reputation in the digital market and are licensed by the Dubai Financial Authority. The merchant licence allows you to accept cryptocurrencies and exchange them into UAE Dirhams (AED). (Even if you buy a property with virtual currency, you cannot pay for it directly. The UAE Central Bank stipulates that all transactions within the country must be made in the local currency. Therefore, transfer the digital currency to the trading company and wait until you receive a check for the agreed amount to pay for the property)

This process can be carried out in any cryptocurrency such as Bitcoin, Ethereum, US dollars or other digital currencies at a fixed price during trading at the trading company's headquarters. The transaction price is set according to the current cryptocurrency price and the amount of commission can be discussed with us in advance.

The process of purchasing cryptocurrencies is very simple. Buyers should open a cryptocurrency wallet if they don't already have one. Registration for the wallet can be done by individuals or companies. Regardless of the payment method chosen, a real estate transaction usually begins with the selection of the property, followed by a discussion of the terms of the contract. At this stage, the buyer and seller discuss the key milestones of the transaction. This is later recorded in the purchase contract. The property price quoted in UAE dirhams is converted into cryptocurrencies such as Bitcoin. The amount is stated in the contract and cannot be changed. Seller and buyer are not responsible for exchange rate fluctuations.

The buyer then needs to transfer the agreed amount of virtual currency to the trading company's digital wallet and pay the commission amount. The buyer is then given a check for AED and can either transfer the required amount to the escrow account of the particular property if the transaction is an off-plan property or transfer the funds to the seller's account. If you intend to buy directly from the developer, you will need to sign a special contract form for third party transactions. The check will then be delivered to the developer and the buyer will receive a notification about the transfer. If the buyer is interested in a completed property, he can pay for the unit after receiving a check in AED. The real estate agent will then work on the deal and help you get the title.

Please note that price fluctuations may make a purchase or lease agreement transaction unprofitable for one party and may result in termination of the contract. In addition to the trading company's service fees, the buyer must pay the Lands Department registration fees (4% of the total property price) and real estate brokerage fees (2%).

What documents do you need to buy real estate with cryptocurrency?

To buy a property with cryptocurrency, you need the same documents that are required for an ordinary money transaction. First, a preliminary contract is drawn up in English or Arabic. Then, it is important to use the services of a professional real estate agent who will help you select the property, collect and prepare documents and fill out the contract correctly.

You will need the following documents for the transaction:

International passport

Identity document (ID)

Proof of residential address

Contact information

A power of attorney if your representative is carrying out the transaction

Inch & Brick Realty prides itself on making this a seamless process for both buyer and seller, managing every aspect of the buying process.

Contact us today to find out more information.

[cryptohubsstuff]

Dubai awards conditional crypto license to climate-friendly Web3 firm

Dubai’s Virtual Assets Regulatory Authority (VARA) granted a conditional license to Enjinstarter’s AYA platform for offering crypto asset and investment services.  On Dec. 11, the Dubai arm of Web3 launchpad and advisory firm Enjinstarter received a crypto license that is subject to the fulfillment of certain conditions before the commencement of services. After fulfilling all the requirements…

[finjuriscounsel]

Obtaining a cryptocurrency license in Dubai typically involves adherence to specific regulations and compliance requirements set by the relevant regulatory bodies, such as VARA (Virtual Assets Regulatory Authority) or other governmental entities. This license covers various crypto-related activities, including cryptocurrency exchanges, wallet services, and token offerings.

[finjuris-dubai]

VARA Consultant

VARA consultant is a professional who specializes in advising clients on how to comply with regulations related to virtual assets, such as cryptocurrencies. VARA is a regulatory body that oversees virtual asset service providers (VASPs) and promotes transparency and accountability in the virtual asset industry. Finjuris Counsel helps clients navigate the complex regulatory landscape and implement measures to ensure compliance with VARA guidelines.

https://finjuris.ae/vara-licensing-compliance

[douglasstoby]

Digifinex Labs: Backpack to Launch Cryptocurrency Exchange with Dubai License

Web3 digital wallet company Backpack has unveiled its plans to launch a cryptocurrency exchange following the acquisition of a crucial license from the Dubai Virtual Assets Regulatory Authority (VARA).

VARA is entrusted with the regulation of “all virtual asset activities within the Emirate of Dubai,” as outlined in the official statement.

Armani Ferrante, the CEO and founder of Backpack, faced numerous challenges in the past year. As a former engineer at Alamada Research, he successfully raised $20 million for Coral in a funding round co-led by FTX Ventures shortly before the collapse of the exchange. Following FTX’s downfall, Coral found itself in a precarious position, losing $14.5 million, including the $10 million investment from FTX Ventures, which had been locked in the exchange.

Ferrante’s decision to launch his own exchange seems to be influenced, at least in part, by the adversity brought about by FTX’s collapse.

Get your $550

Registering DigiFinex now grants you a newcomer’s package worth $550: Click to register

About DigiFinex

DigiFinex, originating from Singapore and established in 2017, is a leading global cryptocurrency exchange. Upholding the values of diversity, integrity, and trustworthiness, DigiFinex provides users with secure 24/7 services for buying, selling, trading, storing, and staking cryptocurrencies.

[metamoonshots]

[ad_1] As Ripple Swell 2023 approaches, scheduled for November 8-9 in Dubai, the XRP neighborhood is abuzz with predictions and speculations. This annual occasion, a nexus for the brightest minds throughout crypto, blockchain, funds, and financial coverage, is predicted to be significantly important this yr, with a number of key bulletins on the horizon. Famend XRP neighborhood member Wrathof Kahneman ignited discussions along with his statement, “This yr’s SWELL could also be very important. Don’t know what is perhaps introduced, however there are prospects: IPO, VARA license, CBDC, stablecoin/tokenization, new customers(!) – after a yr of silence, we might acquire extra element if Ripple nonetheless considers itself primarily a cost firm.” IPO Announcement The potential IPO announcement stands out as probably the most anticipated revelation. The continuing authorized battle with the US Securities and Change Fee (SEC) has been a big roadblock to its public providing plans. However this has modified with the progress and newest victories for Ripple. Neighborhood member AgentSmith weighed in on this, stating, “Ripple can inform the SEC it doesn’t matter in the event that they’re in court docket or not after they submit for his or her IPO. The SEC simply has to ensure the paperwork is so as and so they don’t have to look at the underlying enterprise mannequin. Precedent: Coinbase IPO.” Kahneman responded, highlighting the diminishing significance of the SEC case, “Yeah, the case at this level is how a lot they owe, if something, not that they're persisting atm. It’s within the rearview mirror.” Many pundits have been speculating about an IPO in current weeks. Ripple has even posted an open place for a “Senior Shareholder Communications Supervisor,” suggesting that they're making ready for an IPO. VARA License Hypothesis can be rife concerning Ripple’s VARA (Digital Property Regulatory Authority) license utility within the UAE. The presence of Henson Orser, CEO of VARA, on the occasion, coupled with the corporate’s current strategic strikes, underscores the importance of this growth. A profitable acquisition of the VARA license might herald a swift and sturdy growth part for the corporate within the UAE. Ripple CEO Brad Garlinghouse’s statement from earlier this yr gives some context: “As I simply shared on stage at Dubai Fintech Summit, Ripple is increasing in Dubai. With 20% of our prospects based mostly in MENA and clear regulatory regimes being developed, it’s no shock that Dubai is rising as a key international monetary hub for crypto innovation to thrive.” CBDCs And Stablecoin/Tokenization The function of central financial institution digital currencies (CBDCs) and the broader realm of stablecoin and tokenization might be one other focus of the convention. Given the worldwide shift towards CBDCs and Ripple’s robust focus on this line of enterprise, Swell might present insights into Ripple’s place and potential collaborations on this evolving panorama. Ripple-SEC Settlement Luke Thomas, one other XRP neighborhood member, presents one other prediction, tying the occasion’s timing with the SEC case, “Fascinating that Swell Dubai is occurring between Nov eighth and ninth, with each the SEC and Ripple poised to debate the potential briefing schedule concerning the pending subject within the case on Nov ninth. My prediction is that Ripple can pay someplace between $300 to $500 million to the SEC and this case shall be settled with the announcement of the settlement occurring at Swell Dubai.” Influence on XRP Worth Whereas Ripple Swell isn’t a extensively marketed convention, its potential bulletins, particularly an IPO, might considerably affect the XRP value. Traditionally, the XRP value tends to maneuver up a bit in anticipation of the occasion. Some years greater than others. Thus, the XRP neighborhood shall be carefully monitoring the occasion. At press time, XRP traded at $0.5519. XRP value, 1-day chart | Supply: XRPUSD on TradingView.com

Featured picture from Shutterstock, chart from TradingView.com [ad_2]

[igreatdreamblog]

https://hhslawyers.com/blog/vara-license-application-process-in-dubai-a-comprehensive-guide/

[nextgen00]

Need a VASP license in Dubai? Here’s How You Can Easily Obtain the License 

Next Generation Corporate Services will help you get your license, all you have to do is contact us, and we will guide you from there, so you can focus on exploring business opportunities in Dubai.  Here’s how Next Generation Corporate Services will help you to obtain a VASP license for you

To read more: https://sites.google.com/view/business-setup-advisor-in-duba/home

[coinatory]

South African Crypto Exchange Valr Seeks Growth in Dubai

Valr, a cryptocurrency exchange from South Africa, recently secured preliminary approval from Dubai's Virtual Assets Regulatory Authority (VARA). This approval is crucial for Valr as it aims to expand beyond South Africa. However, it's important to note that this doesn't yet permit Valr to offer any virtual asset services. The CEO of Valr, Farzam Ehsani, explained the reason for approaching VARA for a license. He emphasized VARA's global reputation as a top-tier regulator and Valr's ambition to cater to a wider, global audience. Ehsani mentioned, "Over the last 5 years, VALR has been collaborating with regulatory bodies to shape guidelines that safeguard the public while promoting responsible innovation. Getting this initial nod from VARA is a big step for us, allowing us to introduce our offerings globally under the guidance of a

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