Global #Dubai

In a significant enforcement action, Dubai’s Virtual Assets Regulatory Authority (VARA) announced on Wednesday that it has issued cease-and-desist orders and imposed fines on seven entities operating without the necessary licenses and violating marketing regulations.

As the cryptocurrency market continues to evolve, certain countries are emerging as prime destinations for crypto businesses in 2024. A recent report by Social Capital Markets identifies Dubai, Switzerland, and South Korea as the top three countries, thanks to their legal clarity, favorable tax regimes, and growing acceptance of cryptocurrency payments.

This year’s Cosmoverse will feature cutting-edge tracks on AI, tokenization, and more, cementing its status as the epicenter of blockchain and crypto innovation.

On October 22-23, the legendary Blockchain Life 2024 forum will take place in Dubai. Over 10,000 participants from 120 countries will come together for the crypto event of the year to share insider information on the eve of Bull Run 2025.

Ripple, a prominent player in the crypto payments infrastructure sector, has made significant strides in its expansion plans by securing an in-principle license approval from the Dubai Financial Services Authority (DFSA).

The Virtual Asset Regulatory Authority (VARA) of Dubai has issued a new directive requiring all marketing materials for digital assets to include a clear disclaimer warning about the potential for loss of value and high volatility.