Articles

DIFC’s Crypto Regulatory Update: Expanded Investment Horizons for Domestic Funds

Key Takeaways The DIFC has amended its existing regulatory framework to allow investment funds to deal in additional crypto assets. Now, in addition to the five recognised crypto tokens,

Garden of Eden: Are Offshore Jurisdictions still a haven for VASPs?

KEY TAKEAWAYS During the first ICO boom of 2017, the Cayman Islands and the British Virgin Islands were seen as crypto havens. However, with the introduction of stricter compliance and

B2B MENA Prime gets initial Approval

Dubai’s status as a leading global crypto hub continues to be cemented with the latest licensing development. B2B Prime Digital MENA, the MENA entity of B2 Prime Group, has received initial

New EU Consultation

The European Securities and Markets Authority (ESMA) has published new draft guidelines to assist in classifying crypto assets under EU regulations. These proposed guidelines aim to provide

News for Decentralised Autonomous Organisations (DAOs)

Yesterday, the ADGM released the Distributed Ledger Technology Foundations Regulations 2023 (DLT Regulations), which provide a legal framework for distributed ledger technology (DLT) or DAO

Are you DeFi?

  DeFi companies are frequently of the view that no regulation can or should apply to them because, well, they’re decentralised. What can a regulator do to make a protocol that is

New developments from VARA

  New developments continue to come forward in the UAE as the Virtual Asset Regulatory Authority (VARA) in Dubai is making great strides to earn its stripes as the premier regulator

Changes To Virtual Asset Issuance Rules In Dubai

  When VARA’s regulations first came out in the first quarter of this year, one book that stood out from the others was the Virtual Asset Issuance rulebook (VAI) under which every

Key takeaways from Token 2049

Last week I had the pleasure of attending Token 2049 in Singapore, it was a great opportunity to catch up with colleagues and clients and attend the biggest conference in the virtual assets

Stablecoin Projects – Please Take Note

  All tokens need to go through an internal assessment to ascertain if they qualify as Category 1 or Category 2 tokens under the VAI. Category 1 tokens will require a VARA licence