United Arab Emirates News

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.

The digital asset infrastructure provider plans to establish a presence in the United Arab Emirates (UAE) and the region’s housing sector as tokenization gains global steam.

Hong Kong-based institutional cryptocurrency asset custodian Hex Trust has been approved to provide virtual asset custodial services to institutional clients and investors in Dubai. The firm, which opened its office in Dubai in June 2022, has been awarded a full…

The Virtual Assets Regulatory Authority (VARA) in Dubai has asked local cryptocurrency companies to register or obtain a license no later than Nov. 17. According to the statement, if companies do not apply for a license, companies may be prohibited…

The Dubai Financial Services Authority (DFSA), the financial regulator of the Dubai International Financial Centre, has approved TON and XRP

The Solana Foundation has become an ecosystem partner with the Dubai Multi Commodities Centre (DMCC), the UAE’s largest free trade zone, to explore web3 opportunities in Dubai. The partnership will allow Solana (SOL) to provide both technical and business development…

The Hong Kong Monetary Authority (HKMA) works on two CBDC-related projects, MBridge and e-HKD. The central banks of Hong Kong, China, Thailand, and the United Arab Emirates, along with HMKA, are working on developing mBridge, a cross-border central bank digital…

Komainu, a joint venture of Ledger, CoinShares, and Nomura, gains a full operating license from Dubai’s VARA, bolstering Dubai’s ambition to become a crypto hotspot. Crypto custody service Komainu, backed by Nomura, Ledger, and Coinshares, has received final approval from…

Bybit has partnered with the American University of Sharjah (AUS) to award scholarships of around $272,000 (AED 1 million)  to high-achieving students

OPNX has been fined $2.7 million by the Dubai Virtual Assets Regulatory Authority (VARA)