Dubai’s VARA Grants Regulatory Clearance for Blockchain.com Office
According to reports, Dubai's Virtual Assets Regulatory Authority, or VARA, has granted regulatory permission to Blockchain.com, a platform for Bitcoin trading and blockchain wallets. Reuters reported Friday that VARA had inked a contract allowing Blockchain.com to establish a presence in Dubai. The cryptocurrency company presently has offices across North America, Europe, South America, and Singapore. https://twitter.com/OneMorePeter/status/1568290795152883719
Virtual Jobs By 2023 In Dubai
The emperor and prime minister of Dubai, Sheikh Mohammed bin Rashid Al Maktoum, declared the creation of the cryptocurrency regulator and a corresponding law in March. VARA has approved the subsidiaries of Crypto.com, OKX, and FTX to provide services relating to cryptocurrencies in the emirate. Al Maktoum also unveiled a metaverse plan in July intending to create more than 40,000 virtual jobs in Dubai by 2030. As economic rivalry in the Gulf area intensifies, the United Arab Emirates (UAE) has been pushing to create virtual asset regulations to attract new business models.
Blockchain.com - Oldest Bitcoin Infrastructure Company
Blockchain.com, one of the first Bitcoin (BTC) infrastructure companies, is hoping for regulatory clearance in Italy, France, Spain, and the Netherlands. The Cayman Islands Monetary Authority gave the cryptocurrency company legal permission to run an exchange and offer custodial services in August. The cryptocurrency company had a valuation of $14 billion after a fundraising round in March.
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