Digital asset exchanges, NFT marketplaces, utility token issuers, tokenised funds, and payments companies are among the ventures seeking to relocate or expand their operations to the UAE
digital assets
Latest in digital assets
Blockchain
Ripple announces launch of globally tradeable USD-denominated stablecoins
The company said Raghuram Rajan, former Governor of the Reserve Bank of India, and Kenneth Montgomery, former First Vice President and Chief Operating Officer of the Federal Reserve Bank of Boston, will join the RLUSD advisory board
CBUAE
New tax in the UAE; Lottery warning; Crypto trading in Dubai; Kuwait halts e-visas; Saudi to host 2034 World Cup – 10 things you missed this week
UAE tax, UAE Lottery, crypto in Dubai, Kuwait visas, Saudi World Cup and more top news stories this week
digital assets
XChain, VARA’s exclusive transaction monitoring partner, readies rollout for regional and global VASPs
VARA and XChain are working on a regulatory dashboard tool to advance the existing on-chain transaction monitoring standards for the region’s digital assets ecosystem
Cryptocurrency
Trading crypto in Dubai? What you need to know about the latest court ruling
Experts advise individuals engaging in crypto trading to regularly review updates to VARA and Securities and Commodities Authority regulations to ensure ongoing compliance
cryptocurrencies
OKX takes on crypto’s biggest challenge: Rebuilding trust in the industry
Rifad Mahasneh, General Manager of OKX MENA, on leading a crypto era focused on innovation, transparency, and user empowerment
binance
Binance CEO Richard Teng on the future for crypto, growing pains, and running a multi-billion dollar global company
Today, Binance has 230 million users around the world, and of that figure, a staggering 50 million were added only this year
Cryptocurrency
Revealed: UAE emerging as hotbed for global hedge funds as funds embrace digital assets in a big way
Most hedge funds are also participating in funding rounds involving promising firms coming up in the sector in the UAE and the region
Blockchain
Blockchain analytics leader Elliptic expands global footprint with new regional headquarters in UAE, eyes regional growth
The strategic expansion is also seen as recognition of UAE’s growing leadership in digital asset regulation
DFSA
Ripple secures in-principle approval from DFSA to expand cross-border payment services in UAE
Ripple becomes the first blockchain-enabled payment services provider to be licensed by the DFSA
Bitcoin
Mining Grid to host inaugural crypto and blockchain event in Dubai
The event is designed to drive engagement and knowledge-sharing among institutional investors, tech innovators, crypto start-ups, and individual traders
Bybit
Crypto VIP programmes give elite traders a new edge
With digital currencies continuing to make their imprint across the global economy, longtime crypto traders are looking for new ways to expand their investments
Bitcoin
Crypto – How the GCC is leading the way in sustainable bitcoin mining
Governments across the region are demonstrating enthusiastic support for the growth of bitcoin mining
blockchain technology
DeFi protocol Clearpool launches on Arbitrum, originates $18mn of loans
Clearpool Prime is widely seen as the future of private credit, seamlessly bridging traditional private credit markets with decentralized lending ecosystems
Blockchain
Russian-linked exchange drives $30bn peak in $100bn crypto laundering surge: Report
Previous research by Chainalysis found that a significant portion of cryptocurrency transactions involving Garantex were linked to illicit activities or high-risk services between 2019 and 2021
Blockchain
EXCLUSIVE: Shiba Inu leaders Shytoshi Kusama, Kaal Dhairya sit down for first-ever interview
The meme coin leaders have created the world’s largest decentralised community but, somehow, they have remained completely anonymous. Until now
Bahrain
Crypto payments regulation: Time for a Singaporean approach?
To foster business-friendly environments, regulators should consider several key actions