Dubai grants provisional licence to crypto trading firm OKX
The UAE has been pushing to develop virtual asset regulation
Source: dealstreetasia.com
Page 6 - Tim Byun News Today : Breaking News, Live Updates & Top Stories | Vimarsana
Stay updated with breaking news from Tim Byun. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Top News In Tim Byun Today - Breaking & Trending Today
Crypto trading app OKX granted UAE license, set to open Dubai hub
LONDON: OKX, the world’s leading cryptocurrency trading app, announced today it has been granted a provisional virtual assets license to provide services to qualified investors in the UAE, a company statement said. OKX’s provisional license for Dubai, granted by the Dubai Virtual Assets Regulatory Authority, allows it to offer certain exchange products and services to
Source: arabnews.com
Transparent stablecoins? Conclusion of Tether vs. NYAG raises new questions
Analysis A long-standing legal drama finally found resolution on Feb. 23, with the New York Attorney General’s office announcing that it had come to a settlement with cryptocurrency exchange Bitfinex after a 22-month inquiry into whether the company had been trying to cover up its losses — touted to be worth $850 million — by misrepresenting the degree to which its Tether (USDT) reserves were backed by fiat collateral. According to the terms of the announced settlement, which now marks an end to the inquiry that was initiated by the NYAG back in Q1 2019, Bitfinex and Tether will pay t...
Source: cointelegraph.com