Search results for VARA
Crypto
Kraken clears Dubai regulatory hurdle, UAE market entry in sight
Crypto exchange Kraken\'s parent Payward has received preliminary approval from Dubai\'s Virtual Assets Regulatory Authority (VARA). Cointelegraph reported that Payward secured preliminary approval for broker-dealer, investment and management licences and announced plans to expand in Dubai. A formal launch date has not been set. Once services begin, it plans to support UAE dirham transfers, margin trading and over-the-counter trading, and to offer Kraken Prime to institutional clients.
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.
