Tag: UAE
Crypto Mining Retailer Phoenix Looks at IPO in UAE: Bloomberg
The UAE-based firm is developing one of the region’s largest mining facilities.
www.coindesk.com [...]
Crypto Exchange Rain Obtains License to Operate Virtual Asset Brokerage, Custody Service in UAE
"Today, Rain is launching in the UAE, as the first licensed retail exchange," Joseph Dallago, CEO and co-founder of the Bahrain-based company, tweeted [...]
UAE emerges as a pro-Bitcoin mining destination in the Middle East
The United Arab Emirates (UAE) is gradually solidifying its status as a go-to Bitcoin (BTC) mining destination in the Middle East. The country has est [...]
UAE free zone teams up with HBAR Foundation to support Web3 startups
RAK Digital Assets Oasis (RAK DAO), a free zone in the United Arab Emirates (UAE) dedicated to crypto companies, has signed a memorandum of understand [...]
Winklevoss twins’ crypto exchange Gemini to seek UAE crypto license
The Winklevoss-owned crypto exchange Gemini has announced that it has begun the process of acquiring a crypto service license for customers in the Uni [...]
AML rules for digital assets to come into effect in UAE
Under new rules from the Central Bank of the United Arab Emirates (CBUAE), licensed financial institutions (LFIs) would be required to verify the iden [...]
Hong Kong and UAE central banks collab on crypto rules, fintech development
Hong Kong and the United Arab Emirates' (UAE) central banks are looking to collaborate on cryptocurrency regulations and financial technology developm [...]
Markey blasts decision to host climate summit in UAE
Sen. Ed Markey (D-Mass.), who sponsored the Green New Deal, told the POLITICO Energy Summit that the UAE’s deep ties to the fossil fuel raise doubts [...]
UAE infrastructure for crypto is more ‘business-friendly’ than the US, says exec
At the recent Dubai Fintech Summit event, Saqr Ereiqat, the co-founder of venture-building firm Crypto Oasis, spoke about the United Arab Emirates' in [...]
Coinbase execs visit UAE to test potential of ‘strategic hub’ for international operations
Following United States-based crypto exchange Coinbase announcing the launch of its global derivatives platform, key executives at the firm are meetin [...]
UAE Securities Regulator to Start Accepting License Applications From Crypto Firms
The regime applies to all companies seeking to provide services in the country, unless already licensed in financial free zones in the United Arab Emi [...]
UAE Unveils CBDC Strategy, First Phase to Be Completed By Mid-2024
The first pillar is the soft launch of the ongoing project mBridge, a collaboration between the Bank for International Settlements (BIS) and the centr [...]
The UAE central bank signs deal for CBDC strategy
The Central Bank of the UAE (CBUAE) is inching closer to fully launching its central bank digital currency (CBDC), the 'Digital Dirham', for domestic [...]
How NFTs are used in the UAE
As the United Arab Emirates (UAE) continues to provide a welcoming regulatory framework for blockchain-based technologies, nonfungible tokens (NFTs) c [...]
India, UAE to explore CBDC bridge to facilitate trade, remittances without USD
The Reserve Bank of India (RBI) and Central Bank of the United Arab Emirates (UAE) announced on March 15 that they had signed a memorandum of understa [...]