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Dubai to Subsidize Commercial Licenses for Web3 and AI Companies
19.8.2023
Dubai will offer subsidized licenses for Web3 and artificial intelligence (AI) companies that want to enter the country. The Dubai International Financial Centre (DIFC) and its campus will subsidize 90% of the costs of these licenses to attract companies in this sector as part of its push to become...
Abu Dhabi grants virtual asset firm M2 permission to offer crypto services
16.8.2023
M2 platform will launch later in 2023, allowing UAE-based retail and institutional clients to buy, sell and custody virtual assets
Mbridge Project Has Observers Worried About Advances of the Digital Yuan
15.8.2023
The Mbridge project, a central bank digital currency (CBDC) international payment system, is starting to worry observers. Such a system, when completed, could ostensibly allow the digital yuan to reach more countries in trade settlements, chipping away at the world dominance of the U.S. dollar...
Dubai lures AI, Web3 enterprises with 90% subsidized commercial licenses
15.8.2023
In addition to attracting talent, Dubai has also given out operational licenses to crypto exchanges over the past several months
BRICS Expansion to Make West Recognize New World Order, De-Dollarization: UAE Professor
12.8.2023
The accession of new members will allow BRICS to push the West to accept changes in international relations, an expert from UAE has been quoted as stating. That’s valid in particular for cross-border trade and de-dollarization, said Mohamed El Yattioui, professor at the American University in...
UAE signs deal to develop carbon credit system on Venom Foundation blockchain
7.8.2023
The UAE recently announced that it intends to reduce carbon emissions by 40% by 2030, a marked increase over its previous pledge
Today in Crypto: Nifty's Shuts Down, eToro's Australian Entity Sued by Markets Regulator, Tel Aviv Stock Exchange Signs 'Ground-breaking' Deal with Fireblocks, Aventus Partners with Vodafone
3.8.2023
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________...
Read More: Today in Crypto: Nifty's Shuts Down, eToro's Australian Entity Sued by Markets Regulator, Tel Aviv Stock Exchange Signs...
FTX files motion to exclude its Dubai unit from bankruptcy proceedings
3.8.2023
FTX filed for bankruptcy in November last year, entering into Chapter 11 proceedings with 102 units around the world
UAE introduces digital identity across service systems
3.8.2023
UAE, the United Arab Emirates, has made a decision to advance its efforts in transforming the region digitally. The most recent development comes in the form of the UAE Pass, a digital identity that grants access to its citizens to over 6,000 services. These include public and private services...
FTX Wants Dubai Unit Removed From U.S. Bankruptcy Proceedings
3.8.2023
Liquidating FTX Dubai under UAE law would help timely distribution of any outstanding liabilities, the bankrupt estate argued in court filings
Today in Crypto: FTX Proposes Possible Restart of FTX.com for 'Dotcom Customers', US IRS Says Income From Staking Crypto Must be Reported, Justin Sun Announces Tron-Curve Partnership and Buys $3M Worth of CRV for $2M
1.8.2023
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________...
Read More: Today in Crypto: FTX Proposes Possible Restart of FTX.com for 'Dotcom Customers', US IRS Says Income From Staking Crypto...
Crypto Exchange Binance Secures Operating License in Dubai- Here's the Latest
31.7.2023
On Monday, Binance, the world's largest cryptocurrency exchange, secured the Operational MVP License to operate in Dubai after fulfilling the necessary pre-conditions since obtaining a preparatory license in September 2022.
Last year, Binance FZE, the Dubai-based subsidiary of Binance, achieved...
Crypto Mining Hardware Retailer Phoenix Technology Considers Public Listing in UAE
31.7.2023
Leading cryptocurrency mining hardware provider, Phoenix Technology, based in the United Arab Emirates (UAE), is reportedly in preliminary discussions to conduct an initial public offering (IPO) in the country.
As per anonymous sources cited in a Bloomberg report, the discussions are ongoing,...
Binance to offer crypto broker-dealer services in Dubai with new license
31.7.2023
Binance is now officially allowed to offer crypto services to institutional and qualified retail investors in Dubai
Today in Crypto: Binance Says US CFTC 'Relies on Overreaching and Internally Inconsistent Theories', US Senate Includes Crypto Mixers in its Approved National Defense Bill, The British Museum Partners with The Sandbox
28.7.2023
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________...
Read More: Today in Crypto: Binance Says US CFTC 'Relies on Overreaching and Internally Inconsistent Theories', US Senate Includes...
Crypto mining hardware retailer Phoenix Technology mulls IPO in UAE: Report
28.7.2023
A mainstream media report highlighted that the mining hardware firm Phoenix Technology is planning to go public in Abu Dhabi, UAE
Crypto Mining Retailer Phoenix Looks at IPO in UAE: Bloomberg
28.7.2023
The UAE-based firm is developing one of the region’s largest mining facilities
Rain Crypto Exchange Secures License for Virtual Asset Brokerage and Custody in UAE
26.7.2023
Rain, a Middle East-based crypto exchange partly backed by Coinbase, has secured a license to operate in the United Arab Emirates (UAE), the firm announced on Tuesday.
The granting of the license means that Rain now can call itself a regulated crypto exchange in the UAE, making it easier for local...
Abu Dhabi regulator grants trading firm Rain permission to offer crypto services
25.7.2023
The announcement followed crypto exchange Binance receiving similar permission from the Abu Dhabi regulator in November 2022
Today in Crypto: Binance Plans to Ask the Court to Dismiss a CFTC Lawsuit, Solana-based Exchange.art Set to Integrate with Ethereum, UK's Data Watchdog to Examine Worldcoin
25.7.2023
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________...
Read More: Today in Crypto: Binance Plans to Ask the Court to Dismiss a CFTC Lawsuit, Solana-based Exchange.art Set to Integrate with...