United Arab Emirates News

Okto wallet, the self-custodial wallet developed by Indian crypto exchange CoinDCX, has secured a business license from RAK Digital Assets Oasis, a free-trade zone in the United Arab Emirates. According to a press release shared with crypto.news, the new license…

The number of crypto millionaires nearly doubled in 2024, reaching 172,300 as spot Bitcoin ETFs and other crypto assets surged. The global population of crypto millionaires has surged 95% over the past year, driven by the rise of spot Bitcoin…

Stablecoin issuer Tether has disclosed plans to launch a stablecoin pegged to the United Arab Emirates dirham. In an Aug. 21 announcement, the world’s largest stablecoin issuer Tether Inc. said the new stablecoin would be launched in collaboration with Phoenix…

Crypto exchange Bitpanda has partnered with a state-backed Dubai bank as part of its first expansion into the Middle East. RAKBANK, one of the United Arab Emirates‘ oldest banks, has partnered with the Vienna-headquartered cryptocurrency exchange Bitpanda to expand its…

The Dubai Court of First Instance has set a new precedent by recognizing cryptocurrency as a valid form of salary payment under employment contracts. According to a report appearing on Lexology, the Dubai court made the landmark decision in a…

China is teaming up with the UAE on an enhanced initiative to combat crypto cybercrime. The announcement comes as HK data showed a spike in crypto fraud between '22 and '23.

The USDT stablecoin issuing company, Tether, has partnered with RAK Digital Assets Oasis.

Crypto options trading platform QCP Capital has received initial permission to operate in Abu Dhabi

Bitget Research provided a report on the adoption of cryptocurrencies in the Middle East region

Phoenix Group, a leading Bitcoin mining firm based in the UAE, has recently invested significantly in expanding its operations.

Dubai presents a mixed bag: The city’s allure is undeniable, but the reality of setting up and sustaining a crypto business there warrants a cautious approach

The FSRA has made revisions for regulatory clarity that align with the UAE's framework.

Cryptocurrency miner Phoenix Group has delayed its listing on the Abu Dhabi Securities Exchange. Bitcoin (BTC) mining firm Phoenix Group has moved the date for going public on the Abu Dhabi Securities Exchange (ADX). According to a press release published…

The DOJ urged Judge Richard A. Jones to reconsider Zhao's ability to travel, highlighting the risk of non-extradition from the UAE, a concern that intensifies his flight risk.

Dubai will host the third edition of Crypto Fight Night (CFN), a competition that combines cryptocurrencies and boxing presented by the WBC Cryptocurrency World Championship. The event features cryptocurrency professionals stepping into the ring in what organizers are calling one…

Dubai's VARA CEO Henson Orser resigns amid impending fines on non-compliant crypto firms.