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Benzinga

Business

Shivani Kumaresan

Cryptocurrency Exchange FTX Wins License In Dubai

Dubai FTX Sam Bankman-Fried VARA

Cryptocurrency exchange FTX has received a virtual asset license in Dubai, Bloomberg reported.
The exchange also has plans to set up a regional headquarters in Dubai.
The firm will offer “complex crypto-derivatives products with centralized counterparty clearing to institutional markets,” the report quoted FTX CEO Sam Bankman-Fried.
The license comes a week after Dubai announced the creation of the Virtual Asset Regulatory Authority (VARA), which will be responsible for governing the crypto sector.

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Approximately 1 million taxpayers will automatically receive special payments of up to $1,400 from the IRS in the coming weeks

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Already a member? Sign in here

Justice Clarence Thomas did not disclose additional luxury trips funded by billionaire patron

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