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United Arab Emirates News
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Latest United Arab Emirates News
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Dubai’s Virtual Assets Regulatory Authority has given virtual asset service providers until June 19 to comply with Version 2.0 of its activity-based Rulebooks in its ongoing push to strengthen crypto market integrity and risk oversight. On May 19, VARA in…
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Dubai will become one of the world’s first governments to fully enable crypto payments for public services, following a landmark agreement signed between Dubai’s Department of Finance and Crypto.com. Announced at the Dubai FinTech Summit on May 12, the memorandum…
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With a new VARA license, HashKey Global MENA now wants to serve UAE clients with crypto trading, OTC services, and AED/USD onramps via Standard Chartered. HashKey Group has received a crypto license from Dubai’s local regulator Virtual Assets Regulatory Authority,…
Opinion
Dubai is rapidly emerging as a global web3 powerhouse with its future-proof regulations and innovation-friendly governance structure.
Opinion
By leveraging blockchain technology to unlock liquidity and streamline asset ownership, MENA can attract more international investors
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Dubai’s real estate and crypto regulators have signed a cooperation deal to explore tokenisation in property registration and management. Dubai’s land and virtual assets regulators have signed a new agreement to support real estate tokenization and improve rules around the…
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The United Arab Emirates is set to launch its Digital Dirham CBDC for retail use by late 2025, joining a growing list of countries exploring central bank digital currencies. As originally reported by the Khaleej Times, the Central Bank of…
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Bitpanda has secured a Broker-Dealer licence from the Dubai Virtual Assets Regulatory Authority, marking its first fully licensed expansion outside Europe. The approval enables Bitpanda to offer its digital asset platform to investors in the UAE, giving access to more…
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Dubai financial regulators are opening registrations for crypto firms to participate in the nation’s first Tokenization Regulatory Sandbox, starting from March 17 to April 24. According to the site’s official announcement, the sandbox is an initiative launched by the DFSA…
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Crypto miners can now leverage Bitcoin-backed loans through M2’s partnership with NiceHash. Abu Dhabi-based cryptocurrency exchange M2 has partnered with NiceHash, a cryptocurrency mining services provider, to introduce flexible lending solutions for miners. According to a press release shared with…
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Dubai’s regulator is planning to introduce new rules requiring crypto business to disclose names of large holders. Crypto investors holding large sums in Dubai could soon have their identities revealed to authorities as part of a new push to protect…
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The Dubai Financial Services Authority has approved Circle’s USDC and EURC as the first officially recognized stablecoins under Dubai’s new token regime. Circle announced on Feb. 24 that the DFSA had approved both USDC (USDC) and EURC (EURC) as crypto…
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DeFi platform MANTRA Finance has obtained a Virtual Asset Service Provider license from Dubai regulators to operate as a trading platform in the UAE. According to a press release sent to crypto.news, after receiving the VASP license, the DeFi platform…
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The Virtual Assets Regulatory Authority has issued a public alert cautioning investors against meme coin advertisements due to their high-risk nature. Dubai’s crypto regulator the Virtual Assets Regulatory Authority has issued a warning about meme coin promotions as meme coins…
News
Phoenix Group reported $107 million in Bitcoin mining revenue for 2024, more than a 230% jump from 2023. Cryptocurrency miner Phoenix Group saw its mining revenue surge 236% in 2024, reaching $107 million as it expanded operations and navigated industry…
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Tether and Reelly Tech are teaming up to integrate USDT into real estate transactions in the UAE. The partnership aims to improve efficiency in real estate deals while educating agents on the practical applications of stablecoins. Reelly Tech, which connects…
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