lionofdubai

Dubai Regulator Orders 7 Unlicensed Crypto Exchanges to Stop Operations

The Dubai Virtual Assets Regulatory Authority (VARA) has taken action against seven unlicensed crypto entities for operating without licenses and violating marketing regulations. VARA has issued cease-and-desist orders and imposed fines on these entities. The regulator warned the public of the risks associated with dealing with unlicensed crypto businesses, emphasizing the potential for financial and […]

Dubai Regulator Orders 7 Unlicensed Crypto Exchanges to Stop Operations Read More »

Dubai Authorities Impose Penalties on Cryptocurrency Firms

Dubai’s Virtual Assets Regulatory Authority (VARA) initiated significant punitive actions against seven companies operating in the cryptocurrency sector. This action was taken due to violations of newly established licensing and marketing regulations.  Penalties and Sanctions Imposed by VARA VARA imposed fines ranging from 50,000 to 100,000 dirhams on the seven cryptocurrency firms operating without the necessary licenses.

Dubai Authorities Impose Penalties on Cryptocurrency Firms Read More »

Dubai, Switzerland, South Korea Named Leading Crypto Hubs in 2024

Dubai, Switzerland, and South Korea have taken the lead in shaping the future of the cryptocurrency industry, offering businesses a thriving environment backed by favorable regulations, tax policies, and a robust market infrastructure. Key Notes More than 550 crypto firms, including Binance and Bybit, have made Dubai their home, drawn by favorable licensing fees, zero

Dubai, Switzerland, South Korea Named Leading Crypto Hubs in 2024 Read More »

Cosmoverse 2024 in Dubai: Connecting global crypto thought leaders, enterprises, and innovators

Dubai – With just a few weeks left, Cosmoverse 2024 is set to be a major event for the blockchain and crypto industry, taking place in Dubai from October 21-27. With an impressive list of speakers, expanded networking opportunities, and Hackmos, one of the biggest hackathons of the year, Cosmoverse 2024 will bring together developers, enterprises,

Cosmoverse 2024 in Dubai: Connecting global crypto thought leaders, enterprises, and innovators Read More »

Web 3 & AI Investors Continue to Choose Dubai as Their New Home in 2025, But Why?

Dubai, UAE /METAVSUMMIT/ – The pace of technological evolution is faster than ever, especially in the realms of Web 3 and Artificial Intelligence (AI). As these industries expand at lightning speed, companies are seeking cities that offer more than just infrastructure — they need environments that foster growth, flexibility, and innovation. Investors, too, are chasing the

Web 3 & AI Investors Continue to Choose Dubai as Their New Home in 2025, But Why? Read More »

Dubai’s Ultimate Blockchain Event to Unite Visionary Innovators and Global Leaders

Future Blockchain Summit 2024, the region’s most immersive large-scale blockchain event, is set to take place at the iconic Dubai Harbour from October 13-16, 2024. As the premier event in MENA, it will bring together more than 1200 investors, 120 exhibitors, and 150+ speakers from over 50 countries, uniting the blockchain and crypto ecosystem under

Dubai’s Ultimate Blockchain Event to Unite Visionary Innovators and Global Leaders Read More »

Dubai’s Ultimate Blockchain Event to Unite Visionary Innovators and Global Leaders

DUBAI, UNITED ARAB EMIRATES / ACCESSWIRE / October 6, 2024 / Future Blockchain Summit 2024, the region’s most immersive large-scale blockchain event, is set to take place at the iconic Dubai Harbour from October 13-16, 2024. As the premier event in MENA, it will bring together more than 1200 investors, 120 exhibitors, and 150+ speakers from over 50 countries, uniting the

Dubai’s Ultimate Blockchain Event to Unite Visionary Innovators and Global Leaders Read More »

UAE exempts cryptocurrency transfers, conversions from value-added tax

The UAE, particularly through its Dubai and Abu Dhabi financial hubs, continues to introduce initiatives and regulatory frameworks to attract crypto companies and investors. Consider the latest update: The UAE announced value-added tax (VAT) exemptions for crypto transfers and conversions. The UAE’s published changes will take effect on Nov. 15. The Federal Tax Authority (FTA)

UAE exempts cryptocurrency transfers, conversions from value-added tax Read More »

Trust Wallet to Host Meetup in Dubai on October 11th

Trust Wallet is organizing a meetup in Dubai on October 11th. Refer to the official tweet by TWT:  Trust Wallet@TrustWallet 🇦🇪👇 Dubai, Oct 11 Register here: https://t.co/zG62zp0Oer pic.twitter.com/nhIFnFFNGr Oct 04, 2024   TWT Info Trust Wallet is a multichain mobile application designed to provide users with seamless access to various blockchains and their associated transactions and Decentralized Applications

Trust Wallet to Host Meetup in Dubai on October 11th Read More »

UAE as a Crypto Hub: Why Companies are Relocating to Dubai

Learn how the UAE’s proactive approach is attracting companies like Ripple and shaping the future of digital finance. The United Arab Emirates (UAE), especially Dubai, is emerging as a global hub for cryptocurrency and blockchain technology. With its progressive regulatory framework, supportive government policies, and strategic geographical location, the UAE is attracting a significant number

UAE as a Crypto Hub: Why Companies are Relocating to Dubai Read More »