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Dubai
UAE Exempts Crypto Transactions From Value Added Tax
The update in the law applies retrospectively from Jan. 1, 2018.
Shaq to Defend Himself in NFT Class Action; Do Trump's Election Odds Drive The Price of Bitcoin?
"CoinDesk Daily" host Jennifer Sanasie breaks down the biggest headlines in the crypto industry today as Shaquille O'Neal will have to defend himself against allegations in a class action lawsuit. Plus, the correlation between bitcoin’s price and Donald Trump's victory odds. And, a Dubai court ordered a company to compensate a worker through a cryptocurrency token.
What a Dubai Court Ordering a Company to Pay Its Employee in Crypto Means
The ruling may not necessarily mean crypto is legalized for salary payment in general, two Dubai-based lawyers told CoinDesk.
Mantra to Tokenize $500M Real Estate Assets for UAE Builder MAG Group
In March, the Middle-East-focused Mantra raised $11 million for its real-world tokenization efforts.
Custody Provider Liminal Wins Approval in Abu Dhabi as It Extends Expansion in Asia
The company has also secured registrations in India and Dubai.
Binance Secures Full Virtual-Asset Services Provider License in Dubai
The fourth and final stage of approval comes almost a year after the crypto exchange secured a third-stage license.
Zignaly Announces Cosmos-Based ZIGChain, $100M Ecosystem Fund
ZIGChain's ecosystem fund is backed by DWF Labs.
Uniswap Receives Wells Notice From the SEC; State of Crypto Regulation in Dubai
"CoinDesk Daily" host Jennifer Sanasie breaks down the biggest headlines impacting the crypto industry today, as decentralized crypto exchange Uniswap received an enforcement notice from the U.S. Securities and Exchange Commission (SEC). Plus, Grayscale’s bitcoin ETF saw a record-low daily outflow of $18 million and Dubai's virtual assets regulator looks for ways to reduce compliance costs for small crypto firms.
Dubai Regulator Wants to Lower the Cost of Compliance for Small Crypto Firms
While Dubai's regulatory rules were broadly welcomed, some firms worried about the expense.
Crypto.com Obtains Full Dubai Operational License
As a first step, institutional investors will be able to use the Crypto.com exchange.