According to Bloomberg, Dubai is reprimanding BitOasis one of the largest crypto platforms focused on customers in the Middle East, for failing to meet mandated conditions set forth by the local regulator. 

June 29 (Cointime) -Julius Baer is expanding its crypto wealth management services in Dubai, marking the firm’s first major digital-assets push beyond the borders of its native Switzerland.

June 27 (Cointime) - Bybit, a cryptocurrency exchange headquartered in Dubai, has received a preparatory license from Dubai's Virtual Assets Regulatory Authority (VARA) for its subsidiary, Bybit FinTech FZE. However, the current license restricts the exchange from serving all customers.

June 27 (Cointime) - Abu Dhabi and Dubai in the United Arab Emirates (UAE) have similar scores for crypto regulatory structure and adoption, but Abu Dhabi's adoption score is in the bottom quintile. However, Abu Dhabi's regulatory structure is top tier and the city is more focused on institutional finance, making it a good place for those looking to bridge the gap between institutions and crypto.

June 26 (Cointime) -OKX received a Minimal Viable Product (MVP) preparatory license from the Dubai Virtual Assets Regulatory Authority (VARA) on June 15, according to a company statement.

June 21 (Cointime) - Please note that the following text is a press release and not part of Cryptonews.com's editorial content. The cryptocurrency market has shown signs of a slow recovery, indicating the end of the crypto winter.

Web3 project nealthy has announced the official founding of its corporate headquarters in Dubai, providing accessible and diversified exposure to digital assets. By using index tokens that replicate the structure of classic exchange-traded funds (ETFs), nealthy is lowering the barriers to entry and opening the floodgates of digital asset investment to people around the world.

The Blockchain Economy Summit, known as the world's largest blockchain conference network, is hosting its 8th edition in Dubai on October 4-5, 2023. The event will bring together experts and key players from the crypto industry and aims to redefine the future of finance. With participants from over 72 countries, the summit offers a comprehensive program focused on the latest developments and trends in blockchain and cryptocurrency.

Aquanow, a digital assets infrastructure provider, has received initial approval from Dubai's Virtual Asset Regulatory Authority (VARA) as it prepares to offer its full range of digital asset services in Dubai. The approval was granted following a demonstration of Aquanow's operational and compliance process, and full approval will be issued once all VARA requirements are met.

The billionaire founders of Gemini, Cameron and Tyler Winklevoss, are considering Abu Dhabi and Dubai as potential Middle East hubs for their crypto exchange.