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Bybit Gains UAE’s Virtual Asset Licence; Becomes First Crypto Firm to Get Full SCA Approval
ByBit has become the first cryptocurrency exchange to secure a full Virtual Asset Platform Operator Licence from the UAE’s Securities and Commodities Authority. The approval follows its in-principle nod in February and allows ByBit to provide regulated trading, custody, and fiat conversion services across the UAE. The milestone comes months after...
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Dubai’s VARA Fines 19 Crypto Firms for Unlicensed Operations
Dubai’s Virtual Assets Regulatory Authority (VARA) has fined 19 digital asset firms for operating without licences and breaching marketing regulations. Fines ranged from AED 100,000 to AED 600,000, with cease-and-desist orders issued. The action comes amid broader VARA policy upgrades, including enhanced risk oversight, client verification, and c...
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Ukraine’s Parliament Backs Draft Law to Legalise, Tax Crypto and Virtual Assets
Ukraine’s parliament has approved the first reading of a crypto legalisation bill that introduces an 18 percent tax on digital asset profits. Lawmakers believe the framework could help recover up to $10 billion (roughly Rs. 88,000 crore) lost to crypto crime while aligning with EU rules. The move signals Ukraine’s intent to integrate crypto int...
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Crypto Or Virtual Assets Not Regulated In India: Minister Pankaj Chaudhary
The question of the legality or illegality of specific crypto platforms does not arise as of date as crypto or virtual assets are not regulated in India, Minister of State for Finance Pankaj Chaudhary told Parliament on Monday.
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Hong Kong Passes stablecoin Bill, One Step Closer to Issuance
A stablecoin bill was passed in Hong Kong on Wednesday. Christopher Hui, the city's secretary for financial services and the treasury, said this step laid a solid foundation for Hong Kong's virtual asset market.
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Dubai's VARA Sets June 19 Deadline for Crypto Firms to Comply With Updated Activity-Based Rulebooks
Dubai's Virtual Assets Regulatory Authority (VARA) introduced changes to its crypto policies aiming to increase risk oversight and ensure investor security. The policy changes focuses on deploying more control around margin trading and token distribution services among others.
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Tamil Nadu DGP Unveils ‘Handbook for Investigations into Virtual Digital Assets’: All Details
Tamil Nadu’s Director General of Police, Shankar Jiwal, has unveiled a guide for police officials on how to investigate crypto-related crimes. The handbook contains industry insights on crypto crimes like money laundering, ponzi schemes, and cyber fraud. It also covers key legal provisions around crypto and Web3.
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GainBitcoin Scam: CBI Seizes Cryptocurrencies Worth Rs. 23.94 Crore
The Central Bureau of Investigation (CBI) said it seized significant incriminating evidence and virtual digital assets, unravelling the extent of the cryptocurrency fraud following nationwide searches conducted on February 25-26 in connection with the GainBitcoin scam cases.
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Tether Inks MoU With Republic of Guinea to Boost Blockchain Adoption
In an announcement released on February 17, Tether said it will work with Guinea to ensure that its engagement with blockchain and virtual digital assets (VDAs) is facilitated safely. A key area of focus for Guinea’s partnership with Tether will be on growing blockchain expertise in the country.
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Dubai’s Crypto Regulator Alerts Investors on New Memecoins Flooding Market
The Virtual Assets Regulatory Authority (VARA) of Dubai has strictly asked the city’s investor community to be cautious while engaging with memecoins, calling them ‘highly speculative’ assets.
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Income Tax Bill 2025 Clarifies Virtual Digital Asset Definition, Includes NFTs: Key Details
The Income Tax Bill 2025 classifies any cryptographically generated code, number, or token representing inherent value as part of the country's VDA ecosystem.
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South Korea’s FSC Unveils Plan to Define Corporate Participation in Virtual Digital Asset Market
South Korea's FSC shared a document that states that around 3,500 listed companies and corporations have registered as professional investors under the Capital Market Act. As part of the roadmap, select institutional investors will be permitted to open real name trading accounts for VDA participation.
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RBI Governor Says Crypto Discussion Paper Will Clarify India’s Stance on Virtual Assets; Industry Reacts
RBI Governor Sanjay Malhotra stated that the upcoming crypto discussion paper, being prepared under the Finance Ministry’s oversight, will provide clarity on the future of crypto assets in India. However, he did not specify a timeline for its release.
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BoA Chief Predicts Banks Will Go Bullish on Crypto Once Rules Are More Defined Under Trump
Brian Moynihan, the CEO of BoA, said in a CNBC interview Tuesday that once the crypto rules were more defined, virtual assets could be classified as real fintech tools that could be integrated into existing businesses.
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Tether Set to Relocate Head Office to Crypto-Friendly El Salvador
Tether has decided to move its headquarters from the British Virgin Islands to El Salvador, The development comes after Tether recently acquired the licence of a virtual asset service provider (VASP) there.
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Bybit Gains UAE’s Virtual Asset Licence; Becomes First Crypto Firm to Get Full SCA Approval
ByBit has become the first cryptocurrency exchange to secure a full Virtual Asset Platform Operator Licence from the UAE’s Securities and Commodities Authority. The approval follows its in-principle nod in February and allows ByBit to provide regulated trading, custody, and fiat conversion services across the UAE. The milestone comes months after...
-
Dubai’s VARA Fines 19 Crypto Firms for Unlicensed Operations
Dubai’s Virtual Assets Regulatory Authority (VARA) has fined 19 digital asset firms for operating without licences and breaching marketing regulations. Fines ranged from AED 100,000 to AED 600,000, with cease-and-desist orders issued. The action comes amid broader VARA policy upgrades, including enhanced risk oversight, client verification, and c...
-
Ukraine’s Parliament Backs Draft Law to Legalise, Tax Crypto and Virtual Assets
Ukraine’s parliament has approved the first reading of a crypto legalisation bill that introduces an 18 percent tax on digital asset profits. Lawmakers believe the framework could help recover up to $10 billion (roughly Rs. 88,000 crore) lost to crypto crime while aligning with EU rules. The move signals Ukraine’s intent to integrate crypto int...
-
Crypto Or Virtual Assets Not Regulated In India: Minister Pankaj Chaudhary
The question of the legality or illegality of specific crypto platforms does not arise as of date as crypto or virtual assets are not regulated in India, Minister of State for Finance Pankaj Chaudhary told Parliament on Monday.
-
Hong Kong Passes stablecoin Bill, One Step Closer to Issuance
A stablecoin bill was passed in Hong Kong on Wednesday. Christopher Hui, the city's secretary for financial services and the treasury, said this step laid a solid foundation for Hong Kong's virtual asset market.
-
Dubai's VARA Sets June 19 Deadline for Crypto Firms to Comply With Updated Activity-Based Rulebooks
Dubai's Virtual Assets Regulatory Authority (VARA) introduced changes to its crypto policies aiming to increase risk oversight and ensure investor security. The policy changes focuses on deploying more control around margin trading and token distribution services among others.
-
Tamil Nadu DGP Unveils ‘Handbook for Investigations into Virtual Digital Assets’: All Details
Tamil Nadu’s Director General of Police, Shankar Jiwal, has unveiled a guide for police officials on how to investigate crypto-related crimes. The handbook contains industry insights on crypto crimes like money laundering, ponzi schemes, and cyber fraud. It also covers key legal provisions around crypto and Web3.
-
GainBitcoin Scam: CBI Seizes Cryptocurrencies Worth Rs. 23.94 Crore
The Central Bureau of Investigation (CBI) said it seized significant incriminating evidence and virtual digital assets, unravelling the extent of the cryptocurrency fraud following nationwide searches conducted on February 25-26 in connection with the GainBitcoin scam cases.
-
Tether Inks MoU With Republic of Guinea to Boost Blockchain Adoption
In an announcement released on February 17, Tether said it will work with Guinea to ensure that its engagement with blockchain and virtual digital assets (VDAs) is facilitated safely. A key area of focus for Guinea’s partnership with Tether will be on growing blockchain expertise in the country.
-
Dubai’s Crypto Regulator Alerts Investors on New Memecoins Flooding Market
The Virtual Assets Regulatory Authority (VARA) of Dubai has strictly asked the city’s investor community to be cautious while engaging with memecoins, calling them ‘highly speculative’ assets.
-
Income Tax Bill 2025 Clarifies Virtual Digital Asset Definition, Includes NFTs: Key Details
The Income Tax Bill 2025 classifies any cryptographically generated code, number, or token representing inherent value as part of the country's VDA ecosystem.
-
South Korea’s FSC Unveils Plan to Define Corporate Participation in Virtual Digital Asset Market
South Korea's FSC shared a document that states that around 3,500 listed companies and corporations have registered as professional investors under the Capital Market Act. As part of the roadmap, select institutional investors will be permitted to open real name trading accounts for VDA participation.
-
RBI Governor Says Crypto Discussion Paper Will Clarify India’s Stance on Virtual Assets; Industry Reacts
RBI Governor Sanjay Malhotra stated that the upcoming crypto discussion paper, being prepared under the Finance Ministry’s oversight, will provide clarity on the future of crypto assets in India. However, he did not specify a timeline for its release.
-
BoA Chief Predicts Banks Will Go Bullish on Crypto Once Rules Are More Defined Under Trump
Brian Moynihan, the CEO of BoA, said in a CNBC interview Tuesday that once the crypto rules were more defined, virtual assets could be classified as real fintech tools that could be integrated into existing businesses.
-
Tether Set to Relocate Head Office to Crypto-Friendly El Salvador
Tether has decided to move its headquarters from the British Virgin Islands to El Salvador, The development comes after Tether recently acquired the licence of a virtual asset service provider (VASP) there.
