The in-principle approval enables QCP Capital to offer regulated digital asset activities in the region.
Crypto Miner Phoenix Group Says UAE Initial Share Sale Was 33-Times Oversubscribed
Phoenix was looking to sell almost 18% of the company for a target raise of $368 million.
Crypto Mining Retailer Phoenix Looks at IPO in UAE: Bloomberg
The UAE-based firm is developing one of the region’s largest mining facilities.
FTX Reaches $45M Deal to Sell Interest in Sequoia to Abu Dhabi’s Investment Arm
The agreement requires approval from a Delaware bankruptcy court as failed exchange seeks to raise funds for creditors.
Ripple CEO: XRP lawsuit resolved by June, SEC conduct ’embarrassing’
Ripple CEO Brad Garlinghouse said the firm’s XRP lawsuit could come to an end within “single-digit months.”
Terra co-founder Do Kwon hiding out in Serbia, says authorities
South Korean authorities have requested cooperation from the Serbian government in order to bring Kwon back to face charges in South Korea.
Crypto.com gets nod in Dubai and FTX launches in Japan
Crypto.com will have further requirements before its full license is granted in the “near-term” and FTX said the move would allow it to work “directly with Japanese regulators.”
Samsung-Backed Blocko Launches in UAE After Dubai Blockchain Push
Enterprise blockchain provider Blocko has launched in the UAE after raising capital in Asia and Europe.