What's Hot

    Father’s Day – Stepping into father’s shoes

    June 18, 2022

    4 Expert-Backed Strategies for Managing Anxiety

    April 15, 2022

    Boris Johnson slams Russia’s ‘despicable attacks’ on Bucha citizens

    April 4, 2022

    UK could open seven new nuclear power stations to reduce Russian oil dependence

    April 4, 2022
    Facebook Twitter Instagram
    Facebook Twitter Instagram LinkedIn
    United Business OutlookUnited Business Outlook
    NOMINATE FOR AWARDS
    • Home
    • Top Global News
    • INFO-TECH
      1. Social Media
      2. How-To
      3. Computer & Laptops
      4. Mobile & Tablets
      5. Gadgets
      6. View All

      5 Best Video Editing Apps For Social Media

      March 30, 2022

      Social Media Strategies To Follow

      March 15, 2022

      WeChat: What You Need To Know

      March 7, 2022

      Social Media Content You Need to Create.

      February 5, 2022

      Things to know before starting a business with friends

      March 25, 2022

      How to get a job in the finance industry

      March 2, 2022

      How modern technology helping us solve problems

      February 28, 2022

      Legal requirements to start a business

      February 28, 2022

      Cloud computing basics

      March 9, 2022

      OnePlus 10 Pro- The launch we are waiting for!

      March 29, 2022

      The most valuable brands in 2022

      March 14, 2022

      How modern technology helping us solve problems

      February 28, 2022

      Huawei launches Smart Glasses with Detachable Front Frame along with MateBook X Pro.

      December 25, 2021

      Father’s Day – Stepping into father’s shoes

      June 18, 2022

      4 Expert-Backed Strategies for Managing Anxiety

      April 15, 2022

      Boris Johnson slams Russia’s ‘despicable attacks’ on Bucha citizens

      April 4, 2022

      UK could open seven new nuclear power stations to reduce Russian oil dependence

      April 4, 2022
    • Markets
    • Crypto
    • Funding
    • More
      • Retail
      • Entrepreneurs
      • Automotive
      • Healthcare
      • Industries
      • Technology
      • Companies
        • Apple
        • SamSung
      • Fintech
      • Marketing
      • Real Estate
      • Sales
    United Business OutlookUnited Business Outlook
    Home»Crypto»Crypto exchange FTX gets licence, plans regional HQ in Dubai

    Crypto exchange FTX gets licence, plans regional HQ in Dubai

    The Spanish company turned down sponsorship offers, claiming a lack of trust in the crypto sector and a lack of financial stability as reasons for doing so.
    Aditi GuptaBy Aditi Gupta2 Mins Read Crypto March 16, 2022
    Facebook Twitter LinkedIn Telegram Pinterest Tumblr Reddit WhatsApp Email
    FTX
    Image Source: Pixabay
    Share
    Facebook Twitter LinkedIn Pinterest Email

    Cryptocurrency exchange FTX got a digital asset license in Dubai on Monday and plans to open a regional headquarters there.

    FTX, the world’s largest crypto exchange, has had a busy start to the year.

    The top news of the year so far has been Superbowl LVI, with FTX among several exchanges purchasing airtime to raise brand awareness.

    While crypto advertisements at Super Bowl LVI thrilled the NFL crowd, Spanish football remained cold from the crypto world.

    FTX, along with Binance and Polkadot, was in the race to become a jersey sponsor for the Barcelona Football Club.

    The Spanish company turned down sponsorship offers, claiming a lack of trust in the crypto sector and a lack of financial stability as reasons for doing so.

    However, the company is in an expansion mode, despite the setback. Especially after receiving a virtual asset license.

    The Dubai Prime Minister issued the Dubai Declaration last week.

    The United Arab Emirates in the Middle East’s third-largest crypto market. According to Bloomberg, citing Chainalysis data as of June 2021.

    The media company reports that FTX Europe will offer “complicated crypto-derivatives products. Along with centralized counterparty clearing to institutional markets.”

    Quoting CEO Sam Bankman-Fried in the above statement. A division of FTX is based in Europe and the Middle East.

    A person familiar with the subject told Bloomberg that the move came after Binance. The world’s largest digital asset exchange. Which received a crypto license in Dubai via the same program. In addition, the UAE is attempting to attract large crypto investors.

    Bloomberg quoted Patrick Gruhn, head of the Europe counterpart, as saying, “the certainty and integrity that Dubai guarantees in its compliance to these obligations allow FTX to safely seek its overall plan of growing. Especially towards becoming the first virtual-asset service provider to enter global markets in a highly regulated manner.”

    FTX switched to Stripe for payments and identity verification earlier this month.

    Cryptocurrency Dubai Middle east news
    Share. Facebook Twitter Pinterest LinkedIn Tumblr Telegram Email
    Previous ArticleFor Russia’s Small Businesses, Instagram Ban Deals a Huge Blow
    Next Article Lithuania Warns To Reduce Russian Energy Imports
    Aditi Gupta

    A writer and a photography enthusiast, with a zest for reading and traveling. Wants to bring change to the world, and when not editing, she spends her time on the guitar.

    Related Posts

    Boris Johnson slams Russia’s ‘despicable attacks’ on Bucha citizens

    April 4, 2022

    UK could open seven new nuclear power stations to reduce Russian oil dependence

    April 4, 2022

    Tesla: Despite obstacles, Tesla produces a record number of automobiles

    April 4, 2022
    Add A Comment

    Leave A Reply Cancel Reply

    Subscribe to Updates

    Get the latest sports news from SportsSite about soccer, football and tennis.

    Advertisement
    advertisement@unitedbusinessoutlook.com

    United Business Outlook Is An Online Magazine Providing Comprehensive Coverage And Analysis Of International Businesses From All Industries.

    We're social. Connect with us:

    Facebook Twitter Instagram YouTube LinkedIn
    Top Global News

    Boris Johnson slams Russia’s ‘despicable attacks’ on Bucha citizens

    April 4, 2022

    UK could open seven new nuclear power stations to reduce Russian oil dependence

    April 4, 2022

    Tesla: Despite obstacles, Tesla produces a record number of automobiles

    April 4, 2022
    Get Informed

    Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    © 2023 United Business Outlook | A Venture by Famezop Media.
    • Home
    • Get In Touch
    • Our Authors
    • Privacy & Policy

    Type above and press Enter to search. Press Esc to cancel.