Tag: DWTCA

FTX, a Bahamas-based crypto exchange, has received approval to operate as an exchange and clearinghouse in Dubai. The company will build a headquarters in Dubai through a subsidiary. Also, FTX subsidiary operating in Europe and the Middle East will facilitate product offerings in the region. According to a report by Reuters, FTX will begin offering…

On Tuesday, crypto exchange Binance signed a cooperation deal with Dubai World Trade Centre Authority (DWTCA), working on setting up an international virtual asset ecosystem. This government-backed Dubai project aims to set up an attractive environment for the crypto industry. As Reuters reported, The Dubai World Trade Centre (DWTC) said on Monday that it will…

The UAE’s financial regulator has approved a regulatory framework for trading crypto assets in one of Dubai’s free trading zones. The United Arab Emirates’ Securities and Commodities Authority (SCA) has signed an agreement with the Dubai World Trade Centre Authority (DWTCA) to support regulation of cryptocurrencies within DWTCA’s free zone, Reuters reports. The new initiative…