Dubai is heavily recruiting crypto companies to establish themselves there, but the Middle Eastern nation isn’t quite ready for them. Regulations aren’t clear yet, and getting something as basic as a bank account isn’t a smooth process – at least for now. Dubai's Virtual Assets Regulatory Authority (VARA), a dedicated regulator for the industry, hasn't yet released a comprehensive regulatory framework that companies can use to create or launch products, but officials have assured local companies that it will come by the end of the year, two people told CoinDesk. The regulator, established just seven months ago, has previously issued some guidelines on marketing and advertising for virtual assets. Wealth funds in the wider region, the greater United Arab Emirates, are inves...

The UK has had 3 Prime Ministers in the last seven weeks. Boris Johnson led his party in 2019 to a landslide victory but was driven out of office following a series of scandals relating to the global pandemic in 2022. Liz Truss replaced Boris, and her policies were centred around the biggest raft of tax cuts for half a century. The markets didn’t react well, and Liz Truss only lasted a chaotic 44 days before she handed in her resignation. All of these changes within the UK have had the potential to affect the Blockchain industry in the UK. We’ve written this article to help you understand what impact the political changes are likely to have on the industry going forward. The new Prime Minister in the United Kingdom is now Rishi Sunak. This could be very positive for the blockc...