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Built on Gear Protocol, Vara is a layer-1 blockchain supporting developers to run Wasm-compiled smart contracts implemented via developer-friendly Rust libraries.
Gate Money connects banks and payment networks, with compliant arrangements across multiple jurisdictions supporting service delivery
Odaily reports: Gate Money connects account payments, asset exchange, and everyday spending, with its services underpinned by collaboration among international banks, payment institutions, custody providers, and clearing institutions. Eligible users can use bank accounts in their own name to manage fiat funds by currency, process deposits and withdrawals, and send and receive digital assets through supported blockchain networks. The availability of each feature depends on local regulatory requirements, the service capabilities of partner institutions, and user eligibility.On the compliance front, Gate has obtained a MiCA license and a Payment Institution (PI) license in the EU, its Dubai entity has obtained a VARA license, and its Australian entity has completed AUSTRAC registration as a digital currency exchange provider, with these qualifications applying to the respective entities and approved business activities. Gate US holds 37 state-level Money Transmitter Licenses (MTLs), covering 47 U.S. states and territories. On asset transparency, Gate's latest proof of reserves shows that the platform's total reserve size has risen to USD 8.688 billion, with an overall reserve coverage ratio of 118.49%; BTC reserves reached 25,727, with a reserve ratio of 121.60%; ETH reserves stood at 449,042, with a reserve ratio of 123.78%. Collaboration with financial institutions, compliance qualifications, and verifiable reserves together form the foundation of Gate Money's services, supporting the platform in meeting fund payment and asset management needs beyond trading. (Cointelegraph)
UAE crypto ad placements will require regulatory permission, Google updates policy starting October 21
Odaily reports: Google will update its financial services and products policy. Starting October 21, advertisers promoting crypto trading platforms, crypto wallets, CFDs, and forex services to the UAE must obtain a license from one of CMA, DFSA, FSRA, or VARA and complete Google certification, while also complying with other local legal requirements. This policy applies to all relevant advertising accounts globally. In case of violations, Google will first issue a warning and may only suspend the account after at least 7 days.
Standard Chartered Receives UAE VARA License to Launch BTC and ETH Trading Services for Wealthy Clients
According to official disclosures, Standard Chartered announced that it has received approval from the UAE Virtual Assets Regulatory Authority (VARA) to officially launch cryptocurrency trading solutions for professional investors in the UAE. Eligible affluent clients can directly buy and sell Bitcoin (BTC) and Ethereum (ETH) through their existing bank accounts, without the need to set up a separate wallet or use third-party platforms.
Kraken parent company Payward receives full market approval from Dubai's VARA, set to launch dirham trading
Odaily News: Cryptocurrency exchange Kraken's parent company Payward has received full market approval from the Dubai Virtual Assets Regulatory Authority (VARA), with its local entity Payward FZCO obtaining a virtual asset service provider license, allowing it to offer crypto asset services in the UAE. The approval builds on preliminary approval obtained in May 2026.Payward stated that Kraken's UAE clients will be able to use spot and margin trading pairs denominated in UAE dirhams within the coming weeks, with support for direct deposits and withdrawals. The services will be available to retail investors, professional investors, and institutional investors.VARA's public registry shows that Payward FZCO was approved on October 6 to provide asset management and investment services, as well as broker-dealer services. The number of licensed service providers currently registered with Dubai's VARA stands at 58, up from 49 in May 2026. (Cointelegraph)
Maintain 100% customer liability reserve coverage at all times, Dubai VARA clarifies VASP reserve asset audit requirements
Odaily News: The Dubai Virtual Assets Regulatory Authority (VARA) issued a reserve asset audit circular on October 6, clarifying the minimum requirements for independent audits of VASPs. VASPs must maintain reserves of no less than 100% of customer liabilities throughout the entire review period, held 1:1 in the same virtual assets, with daily reconciliation. The audit scope must cover hot wallets, warm wallets, cold wallets, third-party wallet infrastructure, and third-party custodied assets, and must verify customer asset segregation, wallet control, and whether any re-staking, lending, or other use exists.
VARA and Securitize Sign MoU to Advance Dubai Tokenization Innovation
According to Cointelegraph, Dubai’s Virtual Assets Regulatory Authority (VARA) and BlackRock-backed tokenization platform Securitize have officially signed a memorandum of understanding (MoU), establishing a cooperation framework to support the implementation of regulated tokenization projects, attract institutional participation, and strengthen Dubai’s digital asset ecosystem. Carlos Domingo, co-founder and CEO of Securitize, stated that Dubai has become one of the most forward-thinking jurisdictions globally for digital asset innovation, and their collaboration aims to advance tokenization from a "concept into mainstream financial infrastructure." VARA noted that the MoU currently focuses on establishing a cooperative framework, with no specific projects announced at this time.
Gate Money connects banks and payment networks, with compliant arrangements across multiple jurisdictions supporting service delivery
Odaily reports: Gate Money connects account payments, asset exchange, and everyday spending, with its services underpinned by collaboration among international banks, payment institutions, custody providers, and clearing institutions. Eligible users can use bank accounts in their own name to manage fiat funds by currency, process deposits and withdrawals, and send and receive digital assets through supported blockchain networks. The availability of each feature depends on local regulatory requirements, the service capabilities of partner institutions, and user eligibility.On the compliance front, Gate has obtained a MiCA license and a Payment Institution (PI) license in the EU, its Dubai entity has obtained a VARA license, and its Australian entity has completed AUSTRAC registration as a digital currency exchange provider, with these qualifications applying to the respective entities and approved business activities. Gate US holds 37 state-level Money Transmitter Licenses (MTLs), covering 47 U.S. states and territories. On asset transparency, Gate's latest proof of reserves shows that the platform's total reserve size has risen to USD 8.688 billion, with an overall reserve coverage ratio of 118.49%; BTC reserves reached 25,727, with a reserve ratio of 121.60%; ETH reserves stood at 449,042, with a reserve ratio of 123.78%. Collaboration with financial institutions, compliance qualifications, and verifiable reserves together form the foundation of Gate Money's services, supporting the platform in meeting fund payment and asset management needs beyond trading. (Cointelegraph)
UAE crypto ad placements will require regulatory permission, Google updates policy starting October 21
Odaily reports: Google will update its financial services and products policy. Starting October 21, advertisers promoting crypto trading platforms, crypto wallets, CFDs, and forex services to the UAE must obtain a license from one of CMA, DFSA, FSRA, or VARA and complete Google certification, while also complying with other local legal requirements. This policy applies to all relevant advertising accounts globally. In case of violations, Google will first issue a warning and may only suspend the account after at least 7 days.
Kraken parent company Payward receives full market approval from Dubai's VARA, set to launch dirham trading
Odaily News: Cryptocurrency exchange Kraken's parent company Payward has received full market approval from the Dubai Virtual Assets Regulatory Authority (VARA), with its local entity Payward FZCO obtaining a virtual asset service provider license, allowing it to offer crypto asset services in the UAE. The approval builds on preliminary approval obtained in May 2026.Payward stated that Kraken's UAE clients will be able to use spot and margin trading pairs denominated in UAE dirhams within the coming weeks, with support for direct deposits and withdrawals. The services will be available to retail investors, professional investors, and institutional investors.VARA's public registry shows that Payward FZCO was approved on October 6 to provide asset management and investment services, as well as broker-dealer services. The number of licensed service providers currently registered with Dubai's VARA stands at 58, up from 49 in May 2026. (Cointelegraph)
Maintain 100% customer liability reserve coverage at all times, Dubai VARA clarifies VASP reserve asset audit requirements
Odaily News: The Dubai Virtual Assets Regulatory Authority (VARA) issued a reserve asset audit circular on October 6, clarifying the minimum requirements for independent audits of VASPs. VASPs must maintain reserves of no less than 100% of customer liabilities throughout the entire review period, held 1:1 in the same virtual assets, with daily reconciliation. The audit scope must cover hot wallets, warm wallets, cold wallets, third-party wallet infrastructure, and third-party custodied assets, and must verify customer asset segregation, wallet control, and whether any re-staking, lending, or other use exists.
VARA and Securitize Sign MoU to Advance Dubai Tokenization Innovation
According to Cointelegraph, Dubai’s Virtual Assets Regulatory Authority (VARA) and BlackRock-backed tokenization platform Securitize have officially signed a memorandum of understanding (MoU), establishing a cooperation framework to support the implementation of regulated tokenization projects, attract institutional participation, and strengthen Dubai’s digital asset ecosystem. Carlos Domingo, co-founder and CEO of Securitize, stated that Dubai has become one of the most forward-thinking jurisdictions globally for digital asset innovation, and their collaboration aims to advance tokenization from a "concept into mainstream financial infrastructure." VARA noted that the MoU currently focuses on establishing a cooperative framework, with no specific projects announced at this time.
Flowdesk Secures Dubai VARA Broker-Dealer License
Coinbase-backed crypto market maker Flowdesk has obtained a full broker-dealer license issued by Dubai VARA, enabling it to provide compliant services to local institutional investors.
Related news
Gate Money connects banks and payment networks, with compliant arrangements across multiple jurisdictions supporting service delivery
Odaily reports: Gate Money connects account payments, asset exchange, and everyday spending, with its services underpinned by collaboration among international banks, payment institutions, custody providers, and clearing institutions. Eligible users can use bank accounts in their own name to manage fiat funds by currency, process deposits and withdrawals, and send and receive digital assets through supported blockchain networks. The availability of each feature depends on local regulatory requirements, the service capabilities of partner institutions, and user eligibility.On the compliance front, Gate has obtained a MiCA license and a Payment Institution (PI) license in the EU, its Dubai entity has obtained a VARA license, and its Australian entity has completed AUSTRAC registration as a digital currency exchange provider, with these qualifications applying to the respective entities and approved business activities. Gate US holds 37 state-level Money Transmitter Licenses (MTLs), covering 47 U.S. states and territories. On asset transparency, Gate's latest proof of reserves shows that the platform's total reserve size has risen to USD 8.688 billion, with an overall reserve coverage ratio of 118.49%; BTC reserves reached 25,727, with a reserve ratio of 121.60%; ETH reserves stood at 449,042, with a reserve ratio of 123.78%. Collaboration with financial institutions, compliance qualifications, and verifiable reserves together form the foundation of Gate Money's services, supporting the platform in meeting fund payment and asset management needs beyond trading. (Cointelegraph)
UAE crypto ad placements will require regulatory permission, Google updates policy starting October 21
Odaily reports: Google will update its financial services and products policy. Starting October 21, advertisers promoting crypto trading platforms, crypto wallets, CFDs, and forex services to the UAE must obtain a license from one of CMA, DFSA, FSRA, or VARA and complete Google certification, while also complying with other local legal requirements. This policy applies to all relevant advertising accounts globally. In case of violations, Google will first issue a warning and may only suspend the account after at least 7 days.
Standard Chartered Receives UAE VARA License to Launch BTC and ETH Trading Services for Wealthy Clients
According to official disclosures, Standard Chartered announced that it has received approval from the UAE Virtual Assets Regulatory Authority (VARA) to officially launch cryptocurrency trading solutions for professional investors in the UAE. Eligible affluent clients can directly buy and sell Bitcoin (BTC) and Ethereum (ETH) through their existing bank accounts, without the need to set up a separate wallet or use third-party platforms.
Kraken parent company Payward receives full market approval from Dubai's VARA, set to launch dirham trading
Odaily News: Cryptocurrency exchange Kraken's parent company Payward has received full market approval from the Dubai Virtual Assets Regulatory Authority (VARA), with its local entity Payward FZCO obtaining a virtual asset service provider license, allowing it to offer crypto asset services in the UAE. The approval builds on preliminary approval obtained in May 2026.Payward stated that Kraken's UAE clients will be able to use spot and margin trading pairs denominated in UAE dirhams within the coming weeks, with support for direct deposits and withdrawals. The services will be available to retail investors, professional investors, and institutional investors.VARA's public registry shows that Payward FZCO was approved on October 6 to provide asset management and investment services, as well as broker-dealer services. The number of licensed service providers currently registered with Dubai's VARA stands at 58, up from 49 in May 2026. (Cointelegraph)
Maintain 100% customer liability reserve coverage at all times, Dubai VARA clarifies VASP reserve asset audit requirements
Odaily News: The Dubai Virtual Assets Regulatory Authority (VARA) issued a reserve asset audit circular on October 6, clarifying the minimum requirements for independent audits of VASPs. VASPs must maintain reserves of no less than 100% of customer liabilities throughout the entire review period, held 1:1 in the same virtual assets, with daily reconciliation. The audit scope must cover hot wallets, warm wallets, cold wallets, third-party wallet infrastructure, and third-party custodied assets, and must verify customer asset segregation, wallet control, and whether any re-staking, lending, or other use exists.
VARA and Securitize Sign MoU to Advance Dubai Tokenization Innovation
According to Cointelegraph, Dubai’s Virtual Assets Regulatory Authority (VARA) and BlackRock-backed tokenization platform Securitize have officially signed a memorandum of understanding (MoU), establishing a cooperation framework to support the implementation of regulated tokenization projects, attract institutional participation, and strengthen Dubai’s digital asset ecosystem. Carlos Domingo, co-founder and CEO of Securitize, stated that Dubai has become one of the most forward-thinking jurisdictions globally for digital asset innovation, and their collaboration aims to advance tokenization from a "concept into mainstream financial infrastructure." VARA noted that the MoU currently focuses on establishing a cooperative framework, with no specific projects announced at this time.