Search results for VARA
Crypto
UAE investors buy AI on dips, keep crypto exposure despite Middle East conflict
UAE investors have selectively bought AI and technology stocks despite rising tensions in the Middle East, showing a clear trend of rebalancing portfolios while keeping conviction in long-term growth themes. Data released by eToro showed higher allocations to software and AI infrastructure names that fell sharply in the first quarter. Crypto-related exposure also remained intact, while regulators and companies maintained operations even as security concerns and short-term risks persisted.
Crypto
Dubai formalises rules for exchange-traded virtual asset derivatives
Dubai has formalised rules for exchange-traded virtual asset derivatives, allowing retail investors to participate subject to conditions including suitability reviews and leverage and margin limits, Cointelegraph reported. The Virtual Assets Regulatory Authority introduced the framework in version 2.1 of its Exchange Services Rulebook. It sets requirements for licensed firms offering such products in Dubai, including customer suitability assessment, leverage and margin controls, asset segregation, disclosure standards and regulator intervention powers.
Crypto
Dubai VARA orders KuCoin to halt operations, citing unlicensed activity
Dubai’s Virtual Assets Regulatory Authority (VARA) ordered four affiliated entities operating under the KuCoin brand to immediately stop all unlicensed virtual asset business, The Block reported on Thursday. VARA said KuCoin did not hold the approvals required to operate in Dubai. It said the firms operated illegally using the KuCoin brand and domain and may have falsely indicated they held a licence while serving Dubai residents.
