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The UAE has announced a new regulatory framework for virtual assets, enhancing compliance and encouraging innovation within the crypto industry. (Read More)
The agreement between UAE regulators covers the mutual supervision of crypto providers, penalty imposition, information exchange and employee training.
The international banking group has been granted a licence by the Dubai Financial Services Authority, allowing it to custody its clients' digital assets.
Standard Chartered was approved by the Dubai Financial Services Authority to offer crypto custody solutions in the UAE.
Singapore scored high in the adoption index because of several criteria, including regulations, innovation and technology.
Self-custodial wallet Okto received its license under RAK DAO, an economic free zone dedicated to virtual assets.
Investors in the cryptocurrency market have taken notice of the latest declaration from top stablecoin issuer Tether. The USDT issuer recently announced plans to create and release a stablecoin linked to the UAE dirham in an X post. Taking advantage of the increasing use of blockchain technology in the Middle
Tether announces plans to introduce a stablecoin pegged to the UAE Dirham (AED), in partnership with Phoenix Group and Green Acorn Investments. (Read More)
Tether will launch a Dirham-pegged stablecoin in collaboration with Phoenix Group. New stablecoin will join USDT, EURT and other Tether-issued stablecoins. Tether plans to add a new stablecoin pegged to the United Arab Emirates’ Dirham to its suite of stablecoins, according to an announcement on Aug. 21. Per details of the planned launch, Tether will […]
The post Tether plans to launch Dirham-pegged stablecoin appeared first on CoinJournal.
Tether teams up with the UAEs Phoenix Group and Green Acorn Investments to launch a dirham-backed stablecoin, which aims to improve international trade and remittances.
Gate Ventures, the venture capital arm of Gate.io exchange, has partnered with Abu Dhabi’s Blockchain Center to launch Falcon Gate, a $100 million Web3 innovation fund, according to a statement shared with CryptoSlate. The fund aims to support the global Web3 sector, focusing on outreach, economic impact, and regulatory commitment. Falcon Gate Falcon Gate aims […]
The post Gate Ventures partners with Abu Dhabi Blockchain Center for $100 million Web3 fund appeared first on CryptoSlate.
This weeks Crypto Biz explores Tethers profit record, bank-linked crypto trading in the United Arab Emirates, Polymarkets growth amid US elections, and Coinbase custodian arm.
Dubai's latest ruling marks a significant shift in the legal acceptance of cryptocurrencies, aligning the UAE with global trends in digital finance.
The fund aims to advance decentralized infrastructure and blockchain adoption and support talent from the US, Asia, Europe and the MENA region.
A prominent voice in the crypto community recently exposed misleading content targeting XRP investors. Eri, a respected XRP community figure and host of one of the top crypto YouTube channels in 2024, called out certain crypto publications for repeatedly publishing deceptive reports. According to Eri, these outlets are preying on the token community by pushing […]
M2 enables UAE residents to trade BTC and ETH directly with bank accounts. Integration supports dirham deposits, withdrawals, and market-responsive trading. UAE has strict regulations to ensure consumer protection and market transparency. In a significant development for the digital asset market in the United Arab Emirates (UAE), M2, a prominent crypto exchange, has announced that […]
The post M2 crypto exchange to allow UAE residents to trade crypto using bank accounts appeared first on CoinJournal.
KARM Legal Consultants founder Kokila Alagh said that the regulations clarify the issuance, licensing and supervision of dirham-backed payment tokens.
The changes encompassed several areas, including the ability of both external and domestic funds to invest in crypto tokens.
Binance announces the transition of UAE resident accounts to Binance FZE, following a VASP license from Dubais VARA. (Read More)
UAE lawyer Irina Heaver told Cointelegraph that the policy shift could signal a less favorable environment for crypto in the UAE.
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