Nomura, CoinShares, Ledger joint venture Komainu wins Dubai crypto license
Komainu attained the final step in VARA’s licensing process nearly 10 months after securing its MVP license in November 2022.
Komainu attained the final step in VARA’s licensing process nearly 10 months after securing its MVP license in November 2022.
In addition to attracting talent, Dubai has also given out operational licenses to crypto exchanges over the past several months.
The UAE recently announced that it intends to reduce carbon emissions by 40% by 2030, a marked increase over its previous pledge.
Binance is now officially allowed to offer crypto services to institutional and qualified retail investors in Dubai.
The announcement followed crypto exchange Binance receiving similar permission from the Abu Dhabi regulator in November 2022.
Once fully licensed in Dubai, Bybit plans to run a full-scope exchange, offering crypto lending, payments, investment and other services.
The United-States-based cryptocurrency exchange is now seeking a license in the United Arab Emirates as it seeks to escape “hostility and lack of clarity” on regulations in the U.S.
The licensed financial institutions would be required to verify the identities of all customers.