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.
Illuminati Capital has raised $50 million to invest in early-stage blockchain startups -- including game companies.
Laser Digital said it would also launch trading and asset management operations in the coming months, including over-the-counter (OTC) service.
Binance is now officially allowed to offer crypto services to institutional and qualified retail investors in Dubai.
Once fully licensed in Dubai, Bybit plans to run a full-scope exchange, offering crypto lending, payments, investment and other services.
The Middle Eastern arm of the exchange said it had opened an office in the Dubai World Trade Center and planned to increase its staff to 30 people.
The mining firm expects the two facilities to be online by 2024 and produce a combined hash rate of roughly 7 EH/s.
Dubai’s digital asset regulator claimed it had sent two cease and desist notices to the exchange in February and an investor alert against it in April.