VARA

Crypto exchange FTX, mired in bankruptcy turmoil, FTX has submitted a motion to the court seeking the exclusion of its Dubai subsidiary from the ongoing bankruptcy proceedings in the United States. The motion, filed on August 2, has sparked a contentious legal battle that could potentially reshape the trajectory of FTX’s restructuring efforts. The exchange’s […]

Dubai’s Virtual Assets Regulatory Authority (VARA) sent a market alert on July 10. The notice states crypto exchange BitOasis did not fulfil the mandate conditions in the timeframe set out by VARA. However, the regulator has taken enforcement action against the exchange. It suspended the exchange’s MVP license.  Meanwhile, VARA has not disclosed those requirements. […]