Based in Bahrain, the firm holds a license from the Central Bank of Bahrain as a crypto service provider.
In November, six entities secured a VARA license for crypto operations in Dubai.
The skyline of Dubai
CoinMENA
FZE, a subsidiary of CoinMENA B.S.C. (c), has obtained a Virtual Asset Service
Provider (VASP) license for VA Broker-Dealer services from Dubai’s Virtual
Assets Regulatory Authority (VARA). This license allows the company to operate
and offer its services in and from Dubai.
CoinMENA
FZE's Dubai Venture with VARA License
Headquartered
in Bahrain, CoinMENA is licensed by the Central Bank of Bahrain as a crypto
asset service provider (category-3). CoinMENA FZE, licensed as a VASP for
Virtual Asset Broker-Dealer services by VARA, seeks to empower investors in the
MENA region by providing access to crypto asset investment options.
The
platform allows users to buy, sell, store, and receive digital assets securely,
along with deposit and withdrawal options in their local currency. Up
until now, CoinMENA has been serving clients in the UAE from its base in
Bahrain. With the newly acquired VARA license, CoinMENA FZE can now serve
clients from its Dubai Head Office, utilizing local banking services and
providing UAE-based users with the convenience of instant money deposits and
withdrawals.
CoinMENA’s
Co-Founders, Dina Sam’an and Talal Tabbaa, expressed their appreciation for the
regulatory clarity provided by VARA, highlighting Dubai's emergence as a global
hub for crypto and digital asset financial services. Sam’an emphasized the
importance of building strong relationships with local regulators, stating that
the VARA license strengthens their market position and instills confidence in
users and investors.
Tabbaa
added: “Dubai is at the forefront of crypto growth and innovation,” and working
with VARA will enhance their ability to serve institutional and retail users in
the Emirate while reducing fiat-to-crypto transaction costs.
Surge
in VARA Licenses Signals Cryptocurrency Approval Wave
In
a previous report, Finance Magnates
noted that Fasset
FZE secured a VASP license from VARA, enabling the provision of
broker-dealer services through its web3-based financial platform. This license
is part of a growing trend, with Crypto.com and Ripple obtaining VARA
licenses for virtual asset services.
Notably,
Crypto.com's
branch, CRO DAX Middle East FZE, achieved this milestone, while Ripple's XRP
gained approval for usage within the Dubai International Financial Centre,
marking a significant recognition under the DIFC's virtual assets framework.
This
development has positioned XRP as the first virtual asset to receive such approval.
Finance Magnates reported on the increasing number of cryptocurrency entities
securing VARA licenses, including CFI, GCEX, HEX, and Ripple, highlighting
Dubai's growing prominence in the crypto industry.
CoinMENA
FZE, a subsidiary of CoinMENA B.S.C. (c), has obtained a Virtual Asset Service
Provider (VASP) license for VA Broker-Dealer services from Dubai’s Virtual
Assets Regulatory Authority (VARA). This license allows the company to operate
and offer its services in and from Dubai.
CoinMENA
FZE's Dubai Venture with VARA License
Headquartered
in Bahrain, CoinMENA is licensed by the Central Bank of Bahrain as a crypto
asset service provider (category-3). CoinMENA FZE, licensed as a VASP for
Virtual Asset Broker-Dealer services by VARA, seeks to empower investors in the
MENA region by providing access to crypto asset investment options.
The
platform allows users to buy, sell, store, and receive digital assets securely,
along with deposit and withdrawal options in their local currency. Up
until now, CoinMENA has been serving clients in the UAE from its base in
Bahrain. With the newly acquired VARA license, CoinMENA FZE can now serve
clients from its Dubai Head Office, utilizing local banking services and
providing UAE-based users with the convenience of instant money deposits and
withdrawals.
CoinMENA’s
Co-Founders, Dina Sam’an and Talal Tabbaa, expressed their appreciation for the
regulatory clarity provided by VARA, highlighting Dubai's emergence as a global
hub for crypto and digital asset financial services. Sam’an emphasized the
importance of building strong relationships with local regulators, stating that
the VARA license strengthens their market position and instills confidence in
users and investors.
Tabbaa
added: “Dubai is at the forefront of crypto growth and innovation,” and working
with VARA will enhance their ability to serve institutional and retail users in
the Emirate while reducing fiat-to-crypto transaction costs.
Surge
in VARA Licenses Signals Cryptocurrency Approval Wave
In
a previous report, Finance Magnates
noted that Fasset
FZE secured a VASP license from VARA, enabling the provision of
broker-dealer services through its web3-based financial platform. This license
is part of a growing trend, with Crypto.com and Ripple obtaining VARA
licenses for virtual asset services.
Notably,
Crypto.com's
branch, CRO DAX Middle East FZE, achieved this milestone, while Ripple's XRP
gained approval for usage within the Dubai International Financial Centre,
marking a significant recognition under the DIFC's virtual assets framework.
This
development has positioned XRP as the first virtual asset to receive such approval.
Finance Magnates reported on the increasing number of cryptocurrency entities
securing VARA licenses, including CFI, GCEX, HEX, and Ripple, highlighting
Dubai's growing prominence in the crypto industry.
Crypto Hacks, Theft Hit $3.4B in 2025, North Korea is Top Threat
How FYNXT is Transforming Brokerages with Modular Tech | Executive Interview with Stephen Miles
How FYNXT is Transforming Brokerages with Modular Tech | Executive Interview with Stephen Miles
Join us for an exclusive interview with Stephen Miles, Chief Revenue Officer at FYNXT, recorded live at FMLS:25. In this conversation, Stephen breaks down how modular brokerage technology is driving growth, retention, and efficiency across the brokerage industry.
Learn how FYNXT's unified yet modular platform is giving brokers a competitive edge—powering faster onboarding, increased trading volumes, and dramatically improved IB performance.
🔑 What You'll Learn in This Video:
- The biggest challenges brokerages face going into 2026
- Why FYNXT’s modular platform is outperforming in-house builds
- How automation is transforming IB channels
- The real ROI: 11x LTV increases and reduced acquisition costs
👉 Don’t forget to like, comment, and subscribe.
#FYNXT #StephenMiles #FMLS2025 #BrokerageTechnology #ModularTech #FintechInterview #DigitalTransformation #FinancialMarkets #CROInterview #FintechInnovation #TradingTechnology #IndependentBrokers #FinanceLeaders
Join us for an exclusive interview with Stephen Miles, Chief Revenue Officer at FYNXT, recorded live at FMLS:25. In this conversation, Stephen breaks down how modular brokerage technology is driving growth, retention, and efficiency across the brokerage industry.
Learn how FYNXT's unified yet modular platform is giving brokers a competitive edge—powering faster onboarding, increased trading volumes, and dramatically improved IB performance.
🔑 What You'll Learn in This Video:
- The biggest challenges brokerages face going into 2026
- Why FYNXT’s modular platform is outperforming in-house builds
- How automation is transforming IB channels
- The real ROI: 11x LTV increases and reduced acquisition costs
👉 Don’t forget to like, comment, and subscribe.
#FYNXT #StephenMiles #FMLS2025 #BrokerageTechnology #ModularTech #FintechInterview #DigitalTransformation #FinancialMarkets #CROInterview #FintechInnovation #TradingTechnology #IndependentBrokers #FinanceLeaders
Executive Interview | Charlotte Bullock | Chief Product Officer, Bank of London | FMLS:25
Executive Interview | Charlotte Bullock | Chief Product Officer, Bank of London | FMLS:25
In this interview, we sat down with Charlotte Bullock, Head of Product at The Bank of London, previously at SAP and now shaping product at one of the sector’s most ambitious new banking players.
Charlotte reflects on the Summit so far and talks about the culture inside fintech banks today. We look at the pressures that come with scaling, and how firms can hold onto the nimble approach that made them stand out early on.
We also cover the state of payments ahead of her appearance on the payments roundtable: the blockages financial firms face, the areas that still need fixing, and what a realistic solution looks like in 2026.
In this interview, we sat down with Charlotte Bullock, Head of Product at The Bank of London, previously at SAP and now shaping product at one of the sector’s most ambitious new banking players.
Charlotte reflects on the Summit so far and talks about the culture inside fintech banks today. We look at the pressures that come with scaling, and how firms can hold onto the nimble approach that made them stand out early on.
We also cover the state of payments ahead of her appearance on the payments roundtable: the blockages financial firms face, the areas that still need fixing, and what a realistic solution looks like in 2026.
In this conversation, we sit down with Drew Niv, CSO at ATFX Connect and one of the most influential figures in modern FX.
We speak about market structure, the institutional view on liquidity, and the sharp rise of prop trading, a sector Drew has been commenting on in recent months. Drew explains why he once dismissed prop trading, why his view changed, and what he now thinks the model means for brokers, clients and risk managers.
We explore subscription-fee dependency, the high reneging rate, and the long-term challenge: how brokers can build a more stable and honest version of the model. Drew also talks about the traffic advantage standalone prop firms have built and why brokers may still win in the long run if they take the right approach.
In this conversation, we sit down with Drew Niv, CSO at ATFX Connect and one of the most influential figures in modern FX.
We speak about market structure, the institutional view on liquidity, and the sharp rise of prop trading, a sector Drew has been commenting on in recent months. Drew explains why he once dismissed prop trading, why his view changed, and what he now thinks the model means for brokers, clients and risk managers.
We explore subscription-fee dependency, the high reneging rate, and the long-term challenge: how brokers can build a more stable and honest version of the model. Drew also talks about the traffic advantage standalone prop firms have built and why brokers may still win in the long run if they take the right approach.
Executive Interview | Remonda Z. Kirketerp Møller| CEO & Founder Muinmos | FMLS:25
Executive Interview | Remonda Z. Kirketerp Møller| CEO & Founder Muinmos | FMLS:25
In this interview, Remonda Z. Kirketerp Møller, founder of Muinmos, breaks down the state of AI in regtech and what responsible adoption really looks like for brokers. We talk about rising fragmentation, the pressures around compliance accuracy, and why most firms are still in the early stages of AI maturity.
Ramanda also shares insights on regulator sandboxes, shifting expectations around accountability, and the current reality of MiCA licensing and passporting in Europe.
A concise look at where compliance, onboarding, and AI-driven processes are heading next.
In this interview, Remonda Z. Kirketerp Møller, founder of Muinmos, breaks down the state of AI in regtech and what responsible adoption really looks like for brokers. We talk about rising fragmentation, the pressures around compliance accuracy, and why most firms are still in the early stages of AI maturity.
Ramanda also shares insights on regulator sandboxes, shifting expectations around accountability, and the current reality of MiCA licensing and passporting in Europe.
A concise look at where compliance, onboarding, and AI-driven processes are heading next.
In this conversation, we speak with Aydin Bonabi, CEO and co-founder of Surveill, a firm focused on fraud detection and AI-driven compliance tools for financial institutions.
We start with Aydin’s view of the Summit and the challenges brokers face as fraud tactics grow more complex. He explains how firms can stay ahead through real-time signals, data patterns, and early-stage detection.
We also talk about AI training and why compliance teams often struggle to keep models accurate, fair, and aligned with regulatory expectations. Aydin breaks down what “good” AI training looks like inside a financial environment, including the importance of clean data, domain expertise, and human oversight.
He closes with a clear message: fraud is scaling, and so must the tools that stop it.
In this conversation, we speak with Aydin Bonabi, CEO and co-founder of Surveill, a firm focused on fraud detection and AI-driven compliance tools for financial institutions.
We start with Aydin’s view of the Summit and the challenges brokers face as fraud tactics grow more complex. He explains how firms can stay ahead through real-time signals, data patterns, and early-stage detection.
We also talk about AI training and why compliance teams often struggle to keep models accurate, fair, and aligned with regulatory expectations. Aydin breaks down what “good” AI training looks like inside a financial environment, including the importance of clean data, domain expertise, and human oversight.
He closes with a clear message: fraud is scaling, and so must the tools that stop it.
