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US sanctions Dubai-based crypto exchange over alleged Iran sanctions evasion and IRGC funding

The United States sanctioned Dubai-based Shelbit for processing millions for Iran's state entities. This action targets sanctions evasion through cryptocurrency networks, as announced by the Treasury Department. Shelbit allegedly facilitated transactions for Iran's central bank and the IRGC. The exchange denied all allegations and stated operations ceased in January 2026.…

The Times of India

How Iran's military ran a $4bn gambling network as part of a sanctions-dodging op: Report

How Iran's military ran a $4bn gambling network as part of a sanctions-dodging op: Report

A sophisticated $4 billion sanctions-evasion network has allegedly helped Iran move money through illegal online gambling operations, cryptocurrency transactions and an unlicensed Dubai-based crypto exchange. The network gave sanctioned Iranian entities access to global cryptocurrency markets despite Western restrictions, according to the Reuters investigation.

The Times of India

GAP 3 Partners FZCO Becomes Dubai’s First Regulated Virtual Asset Investment Advisor with Operational License from VARA

GAP 3 Partners FZCO Becomes Dubai’s First Regulated Virtual Asset Investment Advisor with Operational License from VARA

Dubai, UAE, June 23rd, 2025, Chainwire

International Business Times

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Inside Dubai’s risky bid to become the world’s crypto hub

With a new digital assets regulator and companies like Binance, Dubai is hoping to win over blockchain business.

Dubai Hands Full Operating License To Binance, Allowing Retail And Qualified Institutional Offerings

Binance scored a win in its bid to expand its global footprint as it has been granted a VASP license by Dubai despite the crypto exchange giant's legal woes in the U.S. and Nigeria.

International Business Times

UAE Wants To Be A Global Crypto Hub, Says SEBA Bank Senior Executive

The UAE has made significant steps to assist bitcoin and blockchain enterprises, particularly in Dubai and Abu Dhabi.

Crypto Exchange FTX Seeks To Exclude Dubai Subsidiary From US Restructuring

FTX argues Dubai branch's lack of business activities makes it unlikely to revive operations.

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Nomura’s Laser Digital Middle East Authorized For Virtual Asset Services In Dubai

Nomura’s Laser Digital Middle East Authorized For Virtual Asset Services In Dubai

Nomura's Laser Digital receives operating license from Dubai's VARA for virtual asset services

Binance’s Dubai Subsidiary Granted Operational MVP License For Virtual Asset Services

Binance FZE can now offer secure and compliant broker-dealer services to institutional and qualified retail investors in Dubai.

Crypto.com Gets Regulatory Nod in Dubai, FTX Launches in Japan

Crypto.com Gets Regulatory Nod in Dubai, FTX Launches in Japan

One of the world’s largest cryptocurrency exchanges by volume Crypto.com Friday announced it has received provisional approval of its Virtual Asset MVP License from the Dubai Virtual Assets Regulatory Authority (VARA), allowing it to offer a full suite of crypto exchange products and services.

Cryptocurrency Exchange FTX Wins License In Dubai

Cryptocurrency Exchange FTX Wins License In Dubai

Cryptocurrency exchange FTX has received a virtual asset license in Dubai, Bloomberg reported. The exchange also has plans to set up a regional headquarters in Dubai. The firm will offer “complex crypto-derivatives products with centralized counterparty clearing to institutional markets,” the report quoted FTX CEO Sam Bankman-Fried. The license comes a week after…

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