Tag: UAE
Bybit secured UAE in-principle approval days before $1.4B hack
Troubled cryptocurrency exchange Bybit is making preparations for a full operational license in the United Arab Emirates (UAE) after recently sufferin [...]
Egypt’s foreign exchange earnings surge to $159.6bn in 2023/2024
Egypt’s foreign exchange earnings reached $159.6bn in the 2023/2024 fiscal year, marking a 30.8% increase from the $121.9bn reported in 2022/2023, acc [...]
Tether x Reelly: USDT Now Accepted by 30K Realtors in the UAE
Using stablecoins in real estate transactions aims to reduce friction in cross border transactions, increase financial transparency and speed up deal [...]
Exclusive: CFDs broker StarTrader adds UAE SCA Category Five license
FNG Exclusive… FNG has learned that Retail FX and CFDs broker StarTrader has received a Category Five licens [...]
Exclusive: Kama Capital gets UAE SCA Category One License
FNG Exclusive… FNG has learned that Dubai based Retail FX and CFDs broker Kama Capital has received a “full” [...]
Travelex undertakes major UAE expansion
UK based foreign exchange brand Travelex has announced that the company has undertaken a major expansion in [...]
As BIS Mulls Shutting Down mBridge, Its Innovation Hub Calls The Project a ‘Public Good’
An international payments project backed by China, the UAE, Thailand and Hong Kong is raising concerns in Washington.
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Sui Launches ‘Incubator’ Hub in Dubai for ‘On the Spot’ Solution Engineering
The Sui blockchain has launched a hub in Dubai which will act as an incubator for blockchain developers and entrepreneurs, one of its founding develop [...]
Dubai’s VARA Has Struck Correct Balance in Licensing Time Frame, Says Senior Official
“The interest in the ecosystem suggests that in two or three years time there will be more people in suits at such events, executives from the likes o [...]
Dubai's VARA Fines, Issues Cease-and-Desist Orders Against 7 Crypto Entities
Dubai's Virtual Assets Regulatory Authority (VARA) issued cease-and-desist orders and accompanying fines to seven entities for operating without the r [...]
Crypto Exchange OKX Goes Live in United Arab Emirates (UAE), Targeting TradFi Institutions, Retail Investors
The opening, nine months after OKX Middle East Fintech FZE was granted full regulatory approval by the Virtual Assets Regulatory Authority (VARA), wil [...]
United Arab Emirates (UAE) Exempts Crypto Transactions From Value Added Tax (VAT)
"The UAE has essentially classified virtual assets in the same bucket as traditional financial services – several of which are already exempt from VAT [...]
Tether Expands Into UAE with Dirham-Pegged Stablecoin
Arslan Butt
Index & Commodity Analyst
Arslan Butt serves as the Lead Commodities and Indices Analyst, bringing a wealth of expertise t [...]
USDT Issuer Tether Plans to Develop UAE Dirham-Pegged Stablecoin With Phoenix Group (PHX)
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What a Dubai Court Ordering a Company to Pay Its Employee in Crypto Means
The complainant alleged the company stopped paying their salary without reason for five months before terminating the contract. The court ordered the [...]