Regulation

Crown Agents Bank Subsidiary Gains In-Principle Approval From Abu Dhabi’s ADGM

Crown Agents Bank Subsidiary Gains In-Principle Approval From Abu Dhabi’s ADGM

Crown Agents Bank receives FSRA In-Principle Approval to establish CAB Global Markets in Abu Dhabi Global Market (ADGM). Arif Khan appointed as Senior Executive Officer, tasked with leading CAB’s expansion and regional growth strategy. The move supports CAB’s focus on emerging markets, aligning with the UAE’s growing role as a…
Staff Writer By Staff Writer
28th Oct 2025
FCA Sues HTX Crypto-Exchange Over Unlawful Promotions

FCA Sues HTX Crypto-Exchange Over Unlawful Promotions

Quick Take FCA files civil lawsuit against crypto exchange HTX for promoting services in the UK without proper authorization. HTX is accused of breaching the Financial Promotions Regime, with prior consumer alerts issued earlier in the year. Regulatory action highlights the FCA’s zero-tolerance approach to unregistered crypto firms targeting UK…
Staff Writer By Staff Writer
23rd Oct 2025
XS.com Secures UAE SCA Category 5 License

XS.com Secures SCA Category 5 License in the UAE

XS.com secures UAE SCA Category 5 license, expanding its regulated footprint in the region. The new license allows financial consultation, introduction, and promotion services in the UAE. A new local entity, XStrade Financial Consultation LLC, has been established under the SCA license. Regional Director Shadi Salloum calls the approval “a…
Staff Writer By Staff Writer
13th Oct 2025
Exness Expands into MENA with New Jordan Office Following JSC License

Exness Expands into MENA with New Jordan Office Following JSC License

Exness opens first MENA office in Amman after securing Jordan Securities Commission (JSC) license. License held since March 2024, but the broker only now made the approval public. Broker hints at further Middle East expansion in the future.   Global retail broker Exness has officially launched operations in Amman, Jordan,…
Staff Writer By Staff Writer
10th Oct 2025
Bybit Becomes First Crypto Exchange Licensed by UAE’s Securities and Commodities Authority

Bybit Becomes First Crypto Exchange Licensed by UAE’s SCA

Bybit gains UAE’s first full Virtual Asset License from the Securities and Commodities Authority (SCA). License covers trading, brokerage, custody, and fiat services for all client types. Bybit to expand Abu Dhabi HQ, adding 500 jobs and launching Web3 education programs.   Bybit has become the first cryptocurrency exchange to…
Staff Writer By Staff Writer
09th Oct 2025
Dubai VARA Fines 19 Crypto Firms for Unlicensed and Misleading Operations

Dubai VARA Fines 19 Crypto Firms for Unlicensed and Misleading Operations

Unlicensed crypto activity triggers major fines in Dubai crackdown VARA hits 19 digital asset firms with penalties in strict compliance move The crypto companies face up to AED 600,000 fines for license and marketing breaches Cease-and-desist orders were also issued to halt ongoing unlicensed activities   Dubai’s Virtual Assets Regulatory…
Staff Writer By Staff Writer
07th Oct 2025
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