virtual assets
- MENA News
VARA Cracks Down on Seven Unlicensed Firms to Safeguard Dubai’s Virtual Asset Ecosystem
The Virtual Assets Regulatory Authority (VARA) is continuing its enforcement actions to protect Dubai’s virtual asset ecosystem by targeting unlicensed…
Read More » - Policies & Regulations
South Korea’s FSC Classifies Certain NFTs as Virtual Assets Prior to New Crypto Regulations
South Korea’s Financial Services Commission (FSC) has announced a shift in its stance towards nonfungible tokens (NFTs), aiming to classify…
Read More » - Policies & Regulations
FATF February 2024 Meeting: Leveraging Digital Transformation to Tackle AML/CFT Risks in Virtual Assets
In February 2024, the Financial Action Task Force (FATF) convened its Plenary meeting, a crucial forum where global leaders in…
Read More » - Policies & Regulations
CNBS Bans Institutions from Trading Crypto in Honduras
The regulatory authority CNBS in Honduras has issued a resolution prohibiting the Central American country’s financial system from engaging in…
Read More » - Policies & Regulations
ADGM FSRA Revises Anti-Money Laundering Rules, Emphasizes Virtual Assets Compliance
The Financial Services Regulatory Authority (FSRA) has announced today significant updates to its Anti-Money Laundering (AML) and Sanctions Rules and…
Read More » - MENA News
UAE Financial Intelligence Unit’s Insights on the Use of Virtual Assets in Drug Trafficking
A recent report by the UAE Financial Intelligence Unit (UAEFIU) addresses drug trafficking and money laundering in the UAE, focusing…
Read More » - Policies & Regulations
Chinese People’s Courts Asserts Legal Status of Virtual Assets
A People’s Court in China has issued a report examining the legal status of virtual assets and analyzing their attributes…
Read More » - MENA News
VARA and DET Sign MoU to Set the Industry Benchmark for Virtual Asset Market Assurance Standards
Dubai’s Department of Economy and Tourism (DET) and the Virtual Assets Regulatory Authority (VARA) have entered into a formal agreement…
Read More » - Editor Choice
Unveiling the Global Digital Assets Race: Insights from Experts on UAE, Europe, and Hong Kong’s Competition for Leadership
The United Arab Emirates (UAE) has long been recognized as a pioneering nation that consistently leads the way in innovation…
Read More » - Reports
Progress and Challenges in Implementing FATF Standards on Virtual Assets and VASPs
The Financial Action Task Force (FATF) has extended its global standards on anti-money laundering and counter-terrorist financing (AML/CFT) to include…
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