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United Arab Emirates News
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Tether expands in UAE, partners with RAK DAO
Latest United Arab Emirates News
News
BlackRock has received a license to operate in Abu Dhabi, further expanding its business into the Middle Eastern region after gaining approval from Saudi Arabia just last month. According to a Bloomberg report published on Nov. 18, the investment management…
News
Abu Dhabi-based cryptocurrency exchange M2 claims it has resolved a $13.7 million incident after allegedly falling victim to a hacker attack. Cryptocurrency exchange M2, co-founded by Bijan Alizadeh Fard and Stefan Kimmel, has suffered a “cybersecurity incident involving $13.7 million,”…
News
A recent research report by Coincub and Blockpit highlights how varying tax policies, from zero taxes in the UAE to high rates in the U.S., shape crypto investment strategies. The crypto taxation landscape varies widely across the globe, as revealed…
News
Deputy Governor of China’s Central Bank says the countries partnering together to build mBridge would need to establish trust and mutual understanding of one another’s regulatory framework. According to a report by SCMP on Oct. 23, the deputy governor of…
News
The UAE, particularly through its Dubai and Abu Dhabi financial hubs, continues to introduce initiatives and regulatory frameworks to attract crypto companies and investors. Consider the latest update: The UAE announced value-added tax (VAT) exemptions for crypto transfers and conversions.…
News
Ripple has received in-principle approval from the Dubai Financial Services Authority to enhance its cross-border payment solutions in the Middle East. Ripple is expanding its international presence by securing in-principle approval from the Dubai Financial Services Authority to broaden its…
XRP
XRP
News
United Arab Emirates’s Virtual Assets Regulatory Authority new rule will require crypto firms to add a disclaimer, warning potential customers about the risks that come with investing in digital assets. According to a Bloomberg report, companies that want to market…
News
Crypto exchange ByBit has secured a provisional license from Dubai’s crypto regulator. According to Sept. 16 announcement, ByBit has received provisional approval for a Virtual Asset Service Provider license, from Dubai’s Virtual Assets Regulatory Authority, marking the completion of the…
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…
News
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…
BTC
Bitcoin
News
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…
USDT
Tether
EURT
Euro Tether
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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…
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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…
News
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.
News
The USDT stablecoin issuing company, Tether, has partnered with RAK Digital Assets Oasis.
News
Crypto options trading platform QCP Capital has received initial permission to operate in Abu Dhabi
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