Animoca Brands Secures Dubai Crypto License for Middle East Expansion

Dubai’s Virtual Assets Regulatory Authority (VARA) has published a new, globally framed rulebook to regulate and codify digital asset issuance. The framework aims to give issuers, service providers and investors clearer legal and compliance guidance.

EDX Markets’ bid for a federal trust bank charter, backed by Citadel and Fidelity, aims to move crypto custody and settlement into the U.S. regulated banking system. The effort is a high-stakes test of whether Wall Street can internalize core crypto infrastructure under federal oversight.

Dubai’s Virtual Assets Regulatory Authority has released rules allowing crypto exchange-traded derivatives with retail access under suitability checks, margin requirements and leverage caps.

A US lawmaker grilled officials at the Federal Reserve Bank of Kansas City after Kraken’s Wyoming-chartered banking arm became the first crypto-native firm to receive a Fed master account in March. The questioning centered on the approval process, transparency and potential risks to financial stability.

Dubai’s Virtual Assets Regulatory Authority has granted Xbase Virtual Assets Broker & Dealer Services LLC, part of RELM Group, a virtual asset service provider license to operate crypto brokerage services. The approval comes as VARA continues regulatory expansion despite regional instability.