FTX Chaos Prompts Reckoning on Dubai’s Embrace of Crypto Giants

Nov 28,2022
KingData News: According to Bloomberg, Dubai officials affected by the FTX crash have begun to question crypto-related regulator approvals. This comes after Dubai authorities tried to adopt cryptocurrency-friendly policies to attract crypto firms to the city, sparking a debate about regulation as FTX and Three Arrows Capital burst into flames one after another. As previously announced, the Dubai Virtual Assets Regulatory Authority (VARA) has officially revoked the Minimum Viable Product (MVP) license approval for FTX MENA, a subsidiary of FTX UAE.
This index tracks global regulatory move targeted at cryptocurrency and blockchain industry.
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