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Hong Kong Digital Asset Group Gets Crypto License In UAE

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HashKey Group Secures Provisional License in Dubai, Strengthening Global Expansion Efforts One step at a time—this seems to be the guiding principle of HashKey Group, the Hong Kong-based cryptocurrency exchange firm, as it continues its ambitious journey toward global expansion. HashKey is inching closer to strengthening its global presence after securing a provisional license to […]

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What Happened in Crypto Market This Week: Market Updates and Key Performers

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Cryptocurrency Weekly Update: Key Highlights and Developments The cryptocurrency market experienced a dynamic week filled with significant price changes, regulatory news, and standout performances from various digital assets. From strong rallies to corrections, here’s a comprehensive recap of the week’s major events in the crypto space. Market OverviewThis week, the cryptocurrency market showcased a mix

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Dubai Approves XRP Cryptocurrency for International Money Transfers, Boosting Global Blockchain Adoption

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Dubai VARA Approves XRP Cryptocurrency: A Landmark in Digital Finance Integration The Dubai Virtual Assets Regulatory Authority (VARA) has officially granted authorization for the use of XRP cryptocurrency, signifying a groundbreaking development in the integration of digital currencies within global financial ecosystems. This approval opens doors for XRP to be used in facilitating seamless international

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HashKey MENA eyes expansion with conditional VASP license approval from Dubai’s VARA

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What Does Dubai VARA’s Recent Approval Mean for HashKey MENA FZE’s Growth and Compliance Efforts? HashKey Group, a prominent digital asset service provider in Asia, announced on Jan. 13 that its Middle East and North Africa (MENA) subsidiary has achieved conditional approval for a Virtual Asset Service Provider (VASP) license from Dubai’s Virtual Assets Regulatory

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Market Eyes “Crypto President” Inauguration as BTC Tumbles at $100K: Bybit and Block Scholes Analysis

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DUBAI, UAE, Jan. 10, 2025 – Bybit, recognized as the second-largest cryptocurrency exchange globally by trading volume, has unveiled its latest weekly crypto derivatives report in collaboration with Blocks Scholes. This in-depth analysis highlights Bitcoin’s pullback from the $100k threshold just days into the new year. The findings reveal how on-risk assets, including cryptocurrencies, have

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Bybit to Temporarily Halt Crypto Trading in India, Citing Regulations

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Bybit to Temporarily Suspend Services in India Amid Regulatory Requirements Dubai-based cryptocurrency exchange Bybit has announced a temporary suspension of its services for users in India due to regulatory developments in the country. Starting Sunday, Bybit plans to restrict users in India from opening new trades or accessing platform products. The platform emphasized that withdrawals

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Trescon’s World Blockchain Summit Rebrands to HODL, Signalling a Bold New Era for Innovations in Blockchain and Beyond

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Dubai, UAE – November 21, 2024: Established in 2017, the World Blockchain Summit (WBS) has grown into one of the most significant and longest-running global events for blockchain and Web3. With 29 successful editions across 16 countries, WBS has become a prominent platform connecting innovators, investors, and policymakers to chart the future of decentralized technologies.

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Cashing in on cryptocurrency in the UAE: A beginner’s guide

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Step Into the World of Cryptocurrency: A Beginner’s Guide to Converting Crypto into Cash in the UAE Are you ready to explore the exciting world of cryptocurrency? Great news! The crypto market is evolving rapidly, making it easier than ever for newcomers to join in. A common question for beginners is: How can you effortlessly

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Dubai developer DAMAC, MANTRA collaborate to tokenise $1bn in real-world assets

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MANTRA Partners with DAMAC Group to Tokenize $1 Billion in Assets in the Middle East MANTRA, a blockchain platform specializing in real-world assets (RWAs), has entered a groundbreaking agreement with Dubai-based developer DAMAC Group. The collaboration aims to tokenize assets in the Middle East valued at a minimum of $1 billion, according to a joint

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UK Authorities To Seize $4.3 Million In Bitcoin From Fugitive Crime Boss

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Fugitive Crime Boss Insists Bitcoin Wealth Is Legitimate In a recent ruling, UK High Court judge Mr. Justice Timothy Mould authorized the Crown Prosecution Service (CPS) to confiscate £3.5 million worth of Bitcoin, approximately $4.3 million, from convicted drug lord Alexander Surin, infamously dubbed “Don Car-Leone.” According to a report by The Telegraph, Surin fled

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