Regulation

  • House Financial Services Committee set to introduce stablecoin bill

    House Financial Services Committee set to introduce stablecoin bill
    April 26, 2024 Regulation
  • EU

    EU’s new anti-money laundering law to impact crypto exchanges
    April 25, 2024 Regulation
  • crypto

    Central Bank of Nigeria refutes claims of imposing blacklist on crypto transactions
    April 25, 2024 Regulation
  • Hong Kong

    Hong Kong pushes for self-regulatory bodies in the crypto industry
    April 22, 2024 Regulation
  • First Web3 venture capital firm receives license in UAE

    First Web3 venture capital firm receives license in UAE
    April 22, 2024 Regulation
  • IRS

    IRS moves to classify crypto exchange wallets as brokers for tax reporting
    April 21, 2024 Regulation
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  • memecoin regulation

    Memecoin regulation should be the last thing on our minds right now
    April 20, 2024 Regulation
  • Arkansas

    Arkansas senate deliberates on cryptocurrency mining regulations
    April 18, 2024 Regulation
  • FTX Europe

    FTX Europe’s license freeze extended by Cyprus SEC
    April 17, 2024 Regulation
  • UK set to release new laws on crypto and stablecoins in June

    UK set to release new laws on crypto and stablecoins in June
    April 17, 2024 Regulation
  • Fiji

    Central Bank of Fiji claims crypto is illegal
    April 16, 2024 Regulation
  • Fiji

    Reserve Bank of Fiji declares use of Bitcoin and other cryptos illegal
    April 15, 2024 Regulation
  • FSCA

    South Africa FSCA greenlights 59 crypto licenses
    April 15, 2024 Regulation
  • Japan

    Japanese ruling party pushes for crypto tax reforms
    April 14, 2024 Regulation
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  • Coinbase Challenges SEC in Court Appeal Over Cryptocurrency Regulation

    Coinbase Challenges SEC in Court Appeal Over Cryptocurrency Regulation
    April 13, 2024 Regulation
  • SEC

    Experts weigh in as SEC deviates from past decisions in recent Uniswap action
    April 13, 2024 Regulation
  • crypto

    New Zealand embraces strategic approach to crypto
    April 10, 2024 Regulation
  • ESMA

    European ESMA analyzes the impact of crypto regulation on market dynamics
    April 10, 2024 Regulation
  • crypto

    The rise and fall of a crypto kingpin
    April 10, 2024 Regulation
  • Crypto.com's Strategic Expansion into Dubai: A landmark moment has been reached Crypto.com, the world's leading crypto exchange has just joined the list of companies that have secured full operational approval from the Dubai Virtual Assets Regulatory Authority (VARA). This grant gives a legal basis to the Crypto.com Dubai office, CRO DAX Middle East FZE, as the first exchange of crypto with fiat currency that is permitted to work legally in the United Arab Emirates (UAE). This, subsequently, echoes Crypto.com's compliance willingness to regulations as well showing Dubai's proactive approach toward cryptocurrency. Integrating conventional fiat with digital currency in the United Arab Emirates The gaining of a VARA credit is a proof for crypto.com of its solid adherence to pre-operational requirements which had to be met in order to receive the virtual liquidity service provider licence in November 2023. Institutional investors are now allowed to access Crypto.com's exchange services, including the ability to trade spot markets, stake tokens, and broker trades which involve high amounts of cryptocurrency. This development is expected to focus on serving institutional customers and informed retail investors in the UAE and flourishing more crypto-oriented ecosystem in the country. Emphasizing the importance of this achievement, Eric Anziani, President, and COO of Crypto.com, said, "Being the world’s first global crypto operator operational with fiat in the UAE, considering our close co-operation with the regulators, reflects our efforts of working toward the industry in the region responsibly." This sentiment, however, was echoed by Stuart Isted, as the GM of C Expanding global footprint Crypto.com's breakthrough into Dubai is one of the many ways that company has chosen to enhance its global footprints. Crypto.com - who established in Hong Kong in 2016 and operate currently from Singapore has demonstrated the intention to expand in more locations for the past year. Among strategic partnerships and initiatives of the company we can see collaboration with the largest private investment bank of Latin America having a goal to promote the price stability of BTG Dol stablecoin and the launch of its trading application in South Korea that demonstrates the aim to hold the position of the global leader in the area. Such development into Dubai is driven during the period when Europe is deliberating the Markets in Crypto-Assets Regulation (MiCA) which can bolster Crypto.com's increasingly rapid spread into Europe in addition. The legislative space for cryptocurrencies is rapidly changing and the proactive approach to compliance and a consistent engagement with regulating agencies helps Crypto.com to gain blockbuster profit in the international market. Navigating regulatory challenges The obstacles faced by Crypto.com on the way were rather hardnut. The platform has been a subject of regulation's censure, by a penalty assigned by the Dutch central bank for the illegal registration. Nevertheless, proving its resilience with the fine cancellation and acceptance of the registration of operating in The Netherlands, Crypto.com does not back down from regulatory compliance in that field. While Crypto.com, facing the complicated regulatory system, succeeding in Dubai, widening its presence, is a remarkable achievement that may be considered a breakthrough. Besides investing into Crypto.com's global presence, this conquest provides support for the ongoing digital assets industry development in the UAE and elsewhere. Conclusion The approval of Crypto.com to commence its operation in Dubai stands as a validation of the company's growth strategy, which is concurrently with the fact that regulated and relied upon digital currencies are getting more trust with the increasing use. This coin-to-coin exchange move would definitely be the first one to take place within the borders of the UAE as Crypto.com will continue with the fiat money in their business. Thus, the exchange will then set a thorough lead for industry of virtual assets. The role of CryptoTouch will be to highlight the paradox of the crypto businesses and regulatory authorities to bring about complementarity and efficiency of the cryptocurrency environment.

    Crypto.com’s Strategic Expansion into Dubai: A landmark moment has been reached
    April 9, 2024 Regulation
  • new coins coming to crypto.com

    After OKX, crypto.com is now fully licensed in the UAE
    April 9, 2024 Regulation
  • SEC

    SEC commissioner criticizes agency’s approach to crypto regulation
    April 3, 2024 Regulation