Latest news with #cryptoexchange
Khaleej Times
2 days ago
- Business
- Khaleej Times
OFZA appoints Amir Tabch as CEO to lead next phase of regulated growth
OFZA, the UAE-born, regulator-aligned cryptocurrency exchange, has appointed Amir Tabch as chief executive officer to lead OFZA through its next stage of growth and market activation. This leadership milestone reflects OFZA's deepening commitment to building the most trusted crypto exchange in the region - one that's designed from day one to align with regulations, empower users, and scale without shortcuts. A seasoned executive with over 20 years of experience across large regulated financial institutions, digital-led startups, and crypto-native platforms, Tabch brings the kind of strategic leadership that matches OFZA's mission: to make digital asset trading safe, simple, and accessible for everyone. "OFZA isn't here to be the biggest. We're here to be the most trusted," said Tabch. "That means regulatory-first principles, real operational substance, and a platform that puts both retail and institutional users first." Fully licensed by Dubai's Virtual Assets Regulatory Authority (VARA), OFZA is authorised to provide Broker-Dealer Services, Exchange Services, Management and Investment Services, and Advisory Services. The platform is built with local governance, regulatory clarity, and security-first architecture designed for long-term credibility. The firm's mission is to empower and educate individuals and businesses to take control of their financial future by simplifying crypto trading and removing barriers to entry. OFZA combines a secure, regulated infrastructure with an intuitive user experience and practical tools, making digital asset trading safe, simple, and accessible. With Tabch at the helm, OFZA is not just announcing a new CEO - it's signaling the rise of a new kind of crypto exchange: born regulated, built for trust, and ready to scale responsibly.
Zawya
2 days ago
- Business
- Zawya
OFZA appoints Amir Tabch as CEO to lead next phase of regulated growth
Dubai, UAE, ZEX PR WIRE, OFZA, the UAE-born, regulator-aligned cryptocurrency exchange, has appointed Amir Tabch as Chief Executive Officer to lead OFZA through its next stage of growth and market activation. This leadership milestone reflects OFZA's deepening commitment to building the most trusted crypto exchange in the region—one that's designed from day one to align with regulations, empower users, and scale without shortcuts. A seasoned executive with over 20 years of experience across large regulated financial institutions, digital-led startups, and crypto-native platforms, Tabch brings the kind of strategic leadership that matches OFZA's mission: to make digital asset trading safe, simple, and accessible for everyone. 'OFZA isn't here to be the biggest. We're here to be the most trusted,' said Tabch. 'That means regulatory-first principles, real operational substance, and a platform that puts both retail and institutional users first.' Fully licensed by Dubai's Virtual Assets Regulatory Authority (VARA), OFZA is authorized to provide Broker-Dealer Services, Exchange Services, Management and Investment Services, and Advisory Services. The platform is built with local governance, regulatory clarity, and security-first architecture designed for long-term credibility. The firm's mission is to empower and educate individuals and businesses to take control of their financial future by simplifying crypto trading and removing barriers to entry. OFZA combines a secure, regulated infrastructure with an intuitive user experience and practical tools, making digital asset trading safe, simple, and accessible. With Tabch at the helm, OFZA is not just announcing a new CEO—it's signaling the rise of a new kind of crypto exchange: born regulated, built for trust, and ready to scale responsibly. About OFZA Headquartered in Dubai, OFZA is a full-service, VARA-regulated Virtual Asset Service Provider (VASP) that allows traders to buy, sell, and trade a wide range of digital assets. By providing a cohesive platform of innovative technology, robust security measures, and a customer-first approach, OFZA is poised to disrupt the trading experience in the Middle East region.
Times
03-07-2025
- Business
- Times
Don't overlook crypto when splitting assets in divorce
As digital currencies such as bitcoin, ethereum and solana become common holdings among the wealthy, they are increasingly used to conceal assets in divorce cases. In many ways, crypto functions like a digital offshore account — decentralised, borderless and often anonymous. Its pseudonymous nature makes it uniquely difficult to trace, value, or even prove it exists. Unlike a share certificate or bank statement, a crypto wallet might exist on a USB stick in a drawer, or be locked behind a password and 12-word seed phrase known only to the holder. If someone claims they have lost access, that may be the end of the trail. Even when crypto is disclosed, it still poses difficulties. These assets can be highly volatile, particularly altcoins, so unless both parties agree to share that risk, valuing them fairly becomes problematic. It is also relatively easy for someone anticipating divorce to open a crypto exchange account on a phone and quietly move funds there, sometimes years in advance. Yet disclosure typically only covers the past 12 months unless there is a clear reason to investigate further. This murkiness creates a growing blind spot in divorce litigation. There is no consistent UK legal framework for disclosing crypto and limited case law to guide lawyers and judges. That opens the door to disputes and grey areas, particularly when disclosure is incomplete or suspected to be dishonest. For international cases, the complexity increases significantly. If digital assets are held on overseas exchanges, especially in jurisdictions that do not co-operate with UK courts, there may be no practical way to obtain information or enforce a financial settlement. Tracing crypto that has been moved, converted into privacy coins, or hidden through tumbling services — a process of mixing identifiable funds with nonidentifiable — can be incredibly difficult and sometimes impossible without specialist forensic expertise. Solicitors must look for tell-tale signs of concealment, undeclared exchange accounts or large unexplained transfers. And when red flags arise, lawyers increasingly rely on forensic investigators who understand blockchain analysis and can follow the money. But it is not just a technical problem, it is emotional too. When one party believes assets are being hidden in crypto, it fuels mistrust and escalates conflict. Relatively straightforward financial cases become emotionally charged battlegrounds once digital asset concealment is suspected. As more wealth is stored digitally, this will only grow as a challenge for the courts. Until the law catches up, crypto will continue to be a grey area that some exploit, others fear, and many don't fully understand. For divorcing couples, the message is clear: do not underestimate the role crypto may be playing in the financial Maguire is the managing director of Maguire Family Law
Bloomberg
26-06-2025
- Business
- Bloomberg
Coinbase Shares Surge Toward Record on Stablecoin Fervor
Coinbase Global Inc. shares are on track for their first record in more than three years, capping off a rally fueled by growing acceptance of the cryptocurrency industry on Wall Street and in Washington. The crypto-exchange operator's stock was up 2.7% on Thursday, trading at $365.05 — higher than the peak close of $357.39 in November 2021, just months after the company went public through a direct listing.
Reuters
26-06-2025
- Business
- Reuters
Crypto exchange Kraken debuts peer-to-peer payments app Krak
June 26 (Reuters) - Crypto exchange Kraken on Thursday launched a peer-to-peer payments app that enables users to send and receive funds - in both cryptocurrency and fiat currency - across more than a hundred countries. The move is a bid to expand Kraken's offerings beyond its digital asset trading business, and puts the firm in competition with PayPal, Venmo and Block's CashApp. Crypto exchanges such as Kraken are increasingly signaling an interest in expanding outside of the digital asset trading that initially became popular with retail investors. Kraken said last month that it is launching tokens of U.S. equities, called xStocks, in select markets outside the United States. Krak users will have a dedicated spend account and will be able to instantly send and request payments across 300 different assets, including crypto and local currencies, the company said in a press release. Crypto transfers will be made using blockchain technology, while Kraken will make cash transfers internally without using external banking infrastructure. "We're able to move money across borders right off the bat, because that's what we do from a trading perspective in our venues, and we've actually already spent over 10 years building out that system for money transmitter licenses... in all the jurisdictions," said Arjun Sethi, co-CEO of Kraken, in an interview with Reuters. "You have to do that as an exchange anyways, and so what we realized is that our customers just wanted to do more with their money." Kraken plans to launch a series of products through Krak in the future, including physical and virtual cards as well as pay-in-advance services like loans, the company said.
