Tag: Middle East

The announcement followed crypto exchange Binance receiving similar permission from the Abu Dhabi regulator in November 2022. The Abu Dhabi Global Market (ADGM) Financial Services Regulatory Authority has granted its financial services permission for cryptocurrency firm Rain to offer brokerage and custody services to residents. In a July 25 announcement, Rain said the regulatory approval will allow…

The Middle Eastern arm of the exchange said it had opened an office in the Dubai World Trade Center and planned to increase its staff to 30 people. The Middle Eastern arm of cryptocurrency exchange OKX reported Dubai’s Virtual Assets Regulatory Authority (VARA) had granted the firm a minimal viable product preparatory license as part…

Famous investor Kevin O’Leary claimed that sovereign funds in Saudi Arabia and the UAE represent the “real opportunity” for transforming the crypto marketplace, speaking in a recent interview with Anthony Pompliano on The Best Business Show. O’Leary, also known as “Mr. Wonderful” on ABC TV series “Shark Tank,” highlighted the group of investors he believes…