Kraken nears UAE launch after Dubai VARA approval

Kraken parent Payward secured Dubai VARA approval to offer UAE clients spot, margin, OTC, staking, AED funding, and Prime services. The post Kraken secures Dubai approval to expand crypto services in the UAE appeared first on Crypto Briefing.

Kraken gains VARA approval in Dubai for spot, margin, OTC, staking, Prime access, with AED funding planned this year. Kraken has gained authorization from Dubai’s Virtual Assets Regulatory Authority through Payward FZCO, expanding its regulated presence in the UAE. The approval covers spot, margin, OTC, staking, and institutional access through Kraken Prime, while AED funding […] The post Kraken Gains Dubai Approval For Spot Margin OTC Staking And Prime Access appeared first on Live Bitcoin News.

Dubai's Virtual Asset Regulatory Authority granted Kraken’s parent company preliminary broker-dealer and investment management authorization.

Kraken’s parent company, Payward, received preliminary approval from Dubai's VARA, paving the way for UAE dirham funding, margin and OTC trading and institutional access via Kraken Prime.

Abu Dhabi-based eVoost AI has closed a €2 million funding round led by First Drop VC, with participation from a Mubadala-backed syndicate linked to Hub71, alongside strategic investors with exposure to Romania and the UAE. Founded by Cristian Pastrana and Koh Onozawa, former co-CEO of crypto platform Bit2Me, eVoost AI has built a platform that […]

Kraken sent 56 million tax forms to the Internal Revenue Service last year. Nearly a third covered transactions worth less than a dollar. More than 75% were for trades under $50. Those numbers, cited by the crypto exchange last month, have added weight to a growing call in Congress to rethink how small digital asset transactions are taxed in the United States. Related Reading: Crypto Access To Banks In Focus After Trump’s New Executive Order A Study, Not An Exemption A bipartisan group of House lawmakers introduced a bill Tuesday that takes a first formal step toward addressing that burden. Called the Digital Asset Protection, Accountability, Regulation, Innovation, Taxation and Yields Act — or PARITY Act — the legislation does not create a tax break for small crypto transactions. What it does is direct the Treasury Department to examine whether one should exist, and to report back within 180 days on what relief it can offer under its current authority. Innovation should create opportu

Dogecoin started a recovery wave above the $0.1040 zone against the US Dollar. DOGE is now facing hurdles near $0.1075 and might struggle to continue higher. DOGE price started a recovery wave from $0.1020 and climbed above $0.1040. The price is trading below the $0.1075 level and the 100-hourly simple moving average. There was a break above a bearish trend line with resistance at $0.1040 on the hourly chart of the DOGE/USD pair (data source from Kraken). The price could continue to move up if it stays above $0.1020. Dogecoin Price Hits Resistance Dogecoin price started a recovery wave from the $0.1020 zone, like Bitcoin and Ethereum. DOGE climbed above the $0.1035 and $0.1040 resistance levels. There was a decent upward move above the 23.6% Fib retracement level of the downward move from the $0.1127 swing high to the $0.1021 low. Besides, there was a break above a bearish trend line with resistance at $0.1040 on the hourly chart of the DOGE/USD pair. Dogecoin price is now trading belo

XRP price started a recovery wave above $1.360 and $1.3620. The price is now consolidating and might aim for a fresh move if it clears $1.3940. XRP price started a recovery wave above the $1.3620 zone. The price is now trading below $1.3850 and the 100-hourly Simple Moving Average. There was a break above a declining channel with resistance at $1.380 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair could continue to move up if it settles above $1.3940. XRP Price Eyes Recovery XRP price remained supported above $1.3450 and started a recovery wave, like Bitcoin and Ethereum. The price was able to climb above $1.3550 and $1.360 to enter a short-term positive zone. More importantly, there was a break above a declining channel with resistance at $1.380 on the hourly chart of the XRP/USD pair. However, the bears could be active near the $1.3820 zone and the 23.6% Fib retracement level of the downward move from the $1.5495 swing high to the $1.3465 swing low. The pr