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Crypto skeptic Nouriel Roubini announces plans for a tokenized dollar alternative

New York-based economist and cryptocurrency skeptic Nouriel Roubini says he’s working on developing a tokenized asset offering to act as a store of value — potentially replacing the US dollar’s role in the global economy. Rouibini, who is CEO of Roubini Macro Associates, is known for his bearish outlook on markets and on cryptocurrency in particular. Yet he told Bloomberg in an interview on Monday that he’s working on a tokenized dollar with the Dubai-based company he co-founded, Atlas Capital Team. …

Dubai’s crypto regulator to launch metaverse headquarters in The Sandbox

Quick Take VARA’s “MetaHQ” will be based at an unknown location in The Sandbox. The launch is part of Dubai’s attempts to turn itself into a virtual asset hub. Dubai’s Virtual Assets Regulatory Authority (VARA) announced plans on Tuesday to establish a metaverse headquarters in The Sandbox virtual world. “Our presence in the metaverse… marks the beginning of a new phase in the Dubai government’s march for the future; one that will have a positive impact in the long run,” …

Three Arrows Capital plans to move headquarters to Dubai from Singapore: reports

Singapore-based crypto hedge fund Three Arrows Capital is planning to move its headquarters to Dubai, according to media reports. The move comes as Dubai opens to crypto firms while Singapore has been more conservative with its regulatory approach, Bloomberg reported. “The energy in Dubai’s digital asset industry is electric right now,” Three Arrows co-founder Su Zhu told CoinDesk, which initially reported the story. “We have decided to move our Three Arrows headquarters to Dubai and I’m looking forward to meeting …

Binance given nod for crypto license in Dubai

Binance said on Wednesday that it had become the latest firm to be granted a virtual asset license in Dubai.  In a release, Binance said that this means it will be permitted to extend limited exchange products and services to pre-qualified investors and professional financial service providers. The license, issued under the Virtual Asset Regulatory Authority (VARA) initial regulatory phase, allows it to operate within Dubai’s ‘test-adapt-scale’ virtual asset market model as a base for expansion into the region.  In addition to …

Binance to help Dubai WTC establish a crypto regulatory framework

Crypto exchange Binance announced Tuesday that it has signed a memorandum of understanding with the Dubai World Trade Centre authority to help it establish a crypto regulatory framework. Binance said it will share its experience in collaborating with global regulators with the authority to aid the development of “progressive” crypto regulations. “The goal is to assist crypto exchanges, businesses that offer blockchain and Distributed Ledger Technology (DLT) services, and a wide range of digital currencies and assets to become licensed …