Nomura's Laser Digital is another company that joins Dubai's crypto landscape.
The firm is set to launch its Trading and AM businesses in the next few months.
Another
popular company from the finance world has decided to build its presence in the
United Arab Emirates (UAE), which is increasingly becoming a cryptocurrency hub.
Laser
Digital Middle East FZE, a digital asset subsidiary of Nomura operating out of
Dubai, announced today (Tuesday) its successful acquisition of a Virtual Asset
Service Provider (VASP) license from the emirate's Virtual Asset Regulatory
Authority (VARA). This allows Laser Digital to extend its services in the UAE.
Nomura's Laser Digital
Opens for Cryptocurrencies in Dubai
This
license approval enables Laser Digital to provide Virtual Asset (VA)
Broker-Dealer Services and VA Management and Investment Services, thereby
boosting its position in the digital asset sector. The company, under the
leadership of the CEO, Jez Mohideen and the Head of Distribution, Cameron Dickie,
is planning to launch its Trading and Asset Management businesses. The main
goal is to bring a suite of digital asset investment products and solutions to
institutional investors.
Founded
last year by Nomura, Laser Digital was the brainchild of Steven Ashley, the
former head of Nomura's wholesale division, and Jez Mohideen, Nomura's former
Chief Digital Officer and Co-Head of Global Markets EMEA. Laser Digital is headquartered
in Switzerland but operates from London and Dubai.
On the
occasion, Mohideen stated his gratitude towards VARA for approving their
operating license and expressed optimism about Laser Digital's future growth.
"VARA's
thorough and consultative process provides institutional investors with the
assurance they require to engage in this asset class. With the license now in
place, we are looking forward to Laser's growth over the coming years"
Mohideen added.
Consequently,
Normua is the latest financial sector firm to enter the rapidly expanding
cryptocurrency industry in the UAE and Dubai. Along with numerous
cryptocurrency exchanges, like Binance, brokers and investment banks, such as
ATFX and CMC Markets, have also entered the scene.
Dubai Leverages Crypto
Regulatory Woes
Binance's
situation demonstrates that cryptocurrencies have not earned regulators'
confidence in the US and Europe. Thus, like many other exchanges, it has sought
other safe havens, landing in places like the UAE and Hong Kong.
In light of
regulatory hurdles in Europe and the USA, the Middle East may become the
primary hub for the crypto industry. This is evident from the recent movements
by Binance and their acquisition of another local license.
Moreover, the
local market could have considerable potential concerning the number of retail
investors interested in trading. The increasing number of active traders in the
FX/CFD market substantiates this.
"New traders continue to be attracted by an ability to trade with small amounts and their desire to learn a new skill. Market volatility has also been a more effective prompt this year," Lorenzo Vignati, the Associate Research Director at Investment Trends, explained this trend.
Another
popular company from the finance world has decided to build its presence in the
United Arab Emirates (UAE), which is increasingly becoming a cryptocurrency hub.
Laser
Digital Middle East FZE, a digital asset subsidiary of Nomura operating out of
Dubai, announced today (Tuesday) its successful acquisition of a Virtual Asset
Service Provider (VASP) license from the emirate's Virtual Asset Regulatory
Authority (VARA). This allows Laser Digital to extend its services in the UAE.
Nomura's Laser Digital
Opens for Cryptocurrencies in Dubai
This
license approval enables Laser Digital to provide Virtual Asset (VA)
Broker-Dealer Services and VA Management and Investment Services, thereby
boosting its position in the digital asset sector. The company, under the
leadership of the CEO, Jez Mohideen and the Head of Distribution, Cameron Dickie,
is planning to launch its Trading and Asset Management businesses. The main
goal is to bring a suite of digital asset investment products and solutions to
institutional investors.
Founded
last year by Nomura, Laser Digital was the brainchild of Steven Ashley, the
former head of Nomura's wholesale division, and Jez Mohideen, Nomura's former
Chief Digital Officer and Co-Head of Global Markets EMEA. Laser Digital is headquartered
in Switzerland but operates from London and Dubai.
On the
occasion, Mohideen stated his gratitude towards VARA for approving their
operating license and expressed optimism about Laser Digital's future growth.
"VARA's
thorough and consultative process provides institutional investors with the
assurance they require to engage in this asset class. With the license now in
place, we are looking forward to Laser's growth over the coming years"
Mohideen added.
Consequently,
Normua is the latest financial sector firm to enter the rapidly expanding
cryptocurrency industry in the UAE and Dubai. Along with numerous
cryptocurrency exchanges, like Binance, brokers and investment banks, such as
ATFX and CMC Markets, have also entered the scene.
Dubai Leverages Crypto
Regulatory Woes
Binance's
situation demonstrates that cryptocurrencies have not earned regulators'
confidence in the US and Europe. Thus, like many other exchanges, it has sought
other safe havens, landing in places like the UAE and Hong Kong.
In light of
regulatory hurdles in Europe and the USA, the Middle East may become the
primary hub for the crypto industry. This is evident from the recent movements
by Binance and their acquisition of another local license.
Moreover, the
local market could have considerable potential concerning the number of retail
investors interested in trading. The increasing number of active traders in the
FX/CFD market substantiates this.
"New traders continue to be attracted by an ability to trade with small amounts and their desire to learn a new skill. Market volatility has also been a more effective prompt this year," Lorenzo Vignati, the Associate Research Director at Investment Trends, explained this trend.
Damian's adventure with financial markets began at the Cracow University of Economics, where he obtained his MA in finance and accounting. Starting from the retail trader perspective, he collaborated with brokerage houses and financial portals in Poland as an independent editor and content manager. His adventure with Finance Magnates began in 2016, where he is working as a business intelligence analyst.
Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
Don't miss out on this 5-second invite packed with energy and urgency!
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Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
Don't miss out on this 5-second invite packed with energy and urgency!
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today:
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Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today:
🔗 LinkedIn: https://www.linkedin.com/showcase/financemagnates-events/
👍 Facebook: https://www.facebook.com/FinanceMagnatesEvents
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🐦 Twitter: https://twitter.com/F_M_events
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▶️ YouTube: https://www.youtube.com/@FinanceMagnates_official
Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!
Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today:
🔗 LinkedIn: https://www.linkedin.com/showcase/financemagnates-events/
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Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!
Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
📣 Stay updated with the latest in finance and trading!
Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today:
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Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
📣 Stay updated with the latest in finance and trading!
Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today:
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Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
This content is provided solely for general informational purposes and should not be construed as financial product advice or an investment recommendation. It has been prepared without considering your personal circumstances.
📣 Stay updated with the latest in finance and trading!
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Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
This content is provided solely for general informational purposes and should not be construed as financial product advice or an investment recommendation. It has been prepared without considering your personal circumstances.
📣 Stay updated with the latest in finance and trading!
Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today:
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