Blockchain

UAE Virtual Assets Regulator Says Islamic Coin Issuer Has ‘Cooperated Fully’

Bored Gen DMCC, the issuer of islamic coin, has cooperated fully with the Virtual Assets Regulatory Authority’s ongoing investigation into the token’s issuance and distribution. Bored Gen, however, still needs to “secure appropriate approvals” before it undertakes to distribute the islamic coin (ISLM) in the Dubai market. BG Undertook Remedial Measures The United Arab Emirates (UAE) digital assets regulator, the

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Blockchain

UAE Says No Virtual Asset Service Provider Has Been Granted an Operating Permit

The United Arab Emirates virtual assets regulator has said no crypto entity has been granted the full market product (FMP) license. According to the country’s minister of state for artificial intelligence and the digital economy, Omar Sultan Al Olama, no crypto entity has been “able to onboard any customers even last week.” VARA Has Yet to Grant a Full Market

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