🚀 UAE Financial Authorities Announce Agreement on Virtual Asset Supervision
#UAE #VirtualAssets #VASPs #SCA #VARA #Regulation #FinancialAuthorities #Crypto #Supervision #Dubai
According to Odaily, the United Arab Emirates' Securities and Commodities Authority (SCA) and Dubai's Virtual Assets Regulatory Authority (VARA) have announced an agreement that will enable mutual supervision of virtual asset service providers (VASPs) within the country. Under this agreement, VASPs operating in Dubai and seeking VARA licensing will automatically be registered with the SCA, allowing them to serve the broader UAE market. However, the SCA clarified that VASPs wishing to operate in emirates outside of Dubai must still obtain permission from the respective regulatory authorities.#UAE #VirtualAssets #VASPs #SCA #VARA #Regulation #FinancialAuthorities #Crypto #Supervision #Dubai
🚀 Scallop TVL Surpasses $150 Million With Significant Borrowing And Trading Volumes
#Scallop #DeFi #TotalValueLocked #TVL #Sui #lendingprotocol #borrowing #tradingvolume #SCA #cryptocurrency
According to Odaily, the decentralized finance (DeFi) lending protocol Scallop, part of the Sui ecosystem, has achieved a Total Value Locked (TVL) exceeding $150 million. The total borrowing amount on the platform has reached $80 million. Additionally, the swap trading volume on Scallop has hit $47 million.
Furthermore, data from CoinGecko indicates that Scallop's native token, SCA, has seen a significant increase of 57.2% over the past 14 days, currently trading at $0.3577.#Scallop #DeFi #TotalValueLocked #TVL #Sui #lendingprotocol #borrowing #tradingvolume #SCA #cryptocurrency
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🚀 Scallop's SCA Token Sees Significant Price Increase
#Scallop #SCA #token #priceincrease #Sui #ecosystem #CoinMarketCap #tradingvolume #cryptocurrency #markettrends
According to PANews, the price of Scallop's SCA token within the Sui ecosystem has surged by over 13% in the past 24 hours, currently standing at $0.4025. Community sentiment for $SCA on CoinMarketCap has exceeded 70%, and the token's trading volume has surpassed $6 million in the same period. Additionally, SUI continues to reach new highs, maintaining its leadership in market trends.#Scallop #SCA #token #priceincrease #Sui #ecosystem #CoinMarketCap #tradingvolume #cryptocurrency #markettrends
🚀 Forbes Adds Scallop (SCA) To Digital Assets Page
#Forbes #Scallop #SCA #DigitalAssets #Crypto #Token
According to Odaily, Forbes has updated its digital assets section to include Scallop (SCA). The page will now display real-time information on the SCA token, including its price and circulating supply.#Forbes #Scallop #SCA #DigitalAssets #Crypto #Token
🚀 Sui And Aptos Ecosystem Tokens Experience Significant Gains
#Sui #Aptos #NAVX #SCA #CETUS #AAA #FUD #GUI #THL #TRUAPT #CELR #cryptocurrency #marketgains
According to Foresight News, CoinGecko market data indicates a notable increase in the value of tokens within the Sui and Aptos ecosystems. In the Sui ecosystem, NAVX saw a 24-hour increase of 27.38%, currently priced at 0.19 USDT. SCA experienced a 24-hour rise of 25.8%, now priced at 0.4487 USDT. CETUS recorded a 24-hour gain of 21%, with a current price of 0.22 USDT. AAA surged by 31% in 24 hours, now priced at 0.0018 USDT. FUD increased by 19.5% over the same period, with a current price of 0.0(6)8861 USDT.
In the Aptos ecosystem, GUI saw a significant 24-hour increase of 53%, currently priced at 0.00004338 USDT. THL experienced a 24-hour rise of 20%, now priced at 0.5848 USDT. TRUAPT recorded a 24-hour gain of 19.4%, with a current price of 10.2 USDT. CELR increased by 17.8% over the same period, with a current price of 0.0146 USDT.#Sui #Aptos #NAVX #SCA #CETUS #AAA #FUD #GUI #THL #TRUAPT #CELR #cryptocurrency #marketgains
🚀 Scallop's Recent Surge and Record-Breaking TVL
#Scallop #SCA #TVL #cryptocurrency #marketupdate #blockchain
According to Odaily, recent data from CoinMarketCap indicates that Scallop (SCA) is currently priced at $0.4447, marking a 43% increase over the past seven days. Additionally, Defillama reports that Scallop's total value locked (TVL) has reached $175 million, setting a new all-time high.#Scallop #SCA #TVL #cryptocurrency #marketupdate #blockchain
🚀 Scallop Swap Transaction Volume Surpasses $100 Million
#Scallop #Swap #Sui #TransactionVolume #Cryptocurrency #Blockchain #SCA
According to Odaily, the Sui ecosystem lending protocol Scallop announced on the X platform that the total transaction volume of Swap has exceeded $100 million. Currently, the Scallop Swap Campaign #2 is still open, with a prize pool of approximately 15,000 SCA.#Scallop #Swap #Sui #TransactionVolume #Cryptocurrency #Blockchain #SCA
🚀 UAE Releases Draft Regulations For Security And Commodity Tokens
#UAE #SCA #SecurityTokens #CommodityTokens #Blockchain #DLT #VirtualAssets #FinancialRegulations #EquityTokens #BondTokens #IslamicBonds #GoldTokens #OilTokens
According to Foresight News, the United Arab Emirates Securities and Commodities Authority (SCA) has unveiled a draft regulation for security and commodity token contracts. The public is invited to provide feedback on the draft by February 14, 2025. The draft outlines that security tokens include equity tokens, bond tokens, and Islamic bond tokens, while commodity tokens encompass gold tokens, oil tokens, and others. These tokens are built on blockchain or distributed ledger technology (DLT) platforms and can be traded on virtual asset DLT platforms. Security and commodity tokens are restricted to trading and settlement through markets or alternative trading systems, whereas bonds and Islamic bonds can be traded and settled over-the-counter.#UAE #SCA #SecurityTokens #CommodityTokens #Blockchain #DLT #VirtualAssets #FinancialRegulations #EquityTokens #BondTokens #IslamicBonds #GoldTokens #OilTokens
🚀 Bybit Secures Initial Approval For UAE Virtual Asset Platform
#Bybit #UAE #VirtualAssets #SCA #Cryptocurrency #Blockchain
According to Foresight News, Bybit has received in-principle approval from the UAE Securities and Commodities Authority (SCA) to establish a virtual asset platform operator in the United Arab Emirates. Bybit stated that it is currently in the final stages of obtaining a full operational license.#Bybit #UAE #VirtualAssets #SCA #Cryptocurrency #Blockchain