UAEs central bank approves custodial risk insurance product for digital assets

OneDegree executive Robin Scott told Cointelegraph that the insurance covers Web3 asset managers against the risk of losing customer funds. 

View Details

UAE Strengthens Crypto Regulations with New Framework

The UAE has announced a new regulatory framework for virtual assets, enhancing compliance and encouraging innovation within the crypto industry. (Read More)

View Details

UAE regulators to allow Dubai-licensed VASPs to service entire country

The agreement between UAE regulators covers the mutual supervision of crypto providers, penalty imposition, information exchange and employee training. 

View Details

Standard Chartered Bank Launches Bitcoin and Crypto Custody Service in UAE

The international banking group has been granted a licence by the Dubai Financial Services Authority, allowing it to custody its clients' digital assets.

View Details

Standard Chartered begins UAE crypto custody services with BTC, ETH

Standard Chartered was approved by the Dubai Financial Services Authority to offer crypto custody solutions in the UAE. 

View Details

Singapore, Hong Kong and UAE lead in crypto adoption: Report

Singapore scored high in the adoption index because of several criteria, including regulations, innovation and technology.

View Details

CoinDCXs Okto wallet secures operational license in UAE free zone

Self-custodial wallet Okto received its license under RAK DAO, an economic free zone dedicated to virtual assets. 

View Details

Tether Announces Launch Plan of UAE Dirham-Pegged Stablecoin

View Details

Tether (USDT) to Launch UAE Dirham-Pegged Stablecoin in Collaboration with Phoenix Group

Tether announces plans to introduce a stablecoin pegged to the UAE Dirham (AED), in partnership with Phoenix Group and Green Acorn Investments. (Read More)

View Details

Tether plans to launch Dirham-pegged stablecoin

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.

View Details

Tether plans to launch dirham stablecoin with UAE partners

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.

View Details

Gate Ventures partners with Abu Dhabi Blockchain Center for $100 million Web3 fund

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.

View Details

Crypto Biz: Stablecoins wave, crypto trading via UAE banks, and more

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.

View Details

Dubai court recognizes crypto as valid salary payment: Law Decoded

Dubai's latest ruling marks a significant shift in the legal acceptance of cryptocurrencies, aligning the UAE with global trends in digital finance.

View Details

Gate.io to launch $100M innovation fund with the Blockchain Center in Abu Dhabi

The fund aims to advance decentralized infrastructure and blockchain adoption and support talent from the US, Asia, Europe and the MENA region.

View Details

XRP Investors Alerted: 2 Massive False Reports on India-UAE Trade

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 […]

View Details

M2 crypto exchange to allow UAE residents to trade crypto using bank accounts

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.

View Details

UAE central bank approves licensing system for stablecoins

KARM Legal Consultants founder Kokila Alagh said that the regulations clarify the issuance, licensing and supervision of dirham-backed payment tokens.

View Details

Dubai financial regulator updates crypto token rules for funds

The changes encompassed several areas, including the ability of both external and domestic funds to invest in crypto tokens.

View Details

Binance to Transition UAE Resident Accounts to Binance FZE

Binance announces the transition of UAE resident accounts to Binance FZE, following a VASP license from Dubais VARA. (Read More)

View Details