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UAE Prepares to Launch Nationwide Crypto Licensing System in Line With Global Standards
19.2.2022
The United Arab Emirates (UAE) is getting ready to start issuing federal licenses to cryptocurrency service providers in the first quarter. The UAE crypto regulation will take a hybrid approach. The government hopes that a nationwide crypto licensing system will attract big companies to the region....
FBI Crypto Unit, Sequoia Doubles Down on Tokens, Universal Music NFTs + More News
17.2.2022
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.
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Read More: FBI Crypto Unit, Sequoia Doubles Down on Tokens, Universal Music NFTs + More News
UAE reportedly plans to issue federal crypto license for VASPs
17.2.2022
The crypto license legislation might be the first nationwide crypto-focused regulation. However, various free zones in the country had introduced crypto regulations as early as 2018
Arab Federation of Capital Markets Partners With UAE to Launch Blockchain Innovation Challenge
16.2.2022
United Arab Emirates (UAE)’s Ministry of Economy has joined hands with the Arab Federation of Capital Markets (AFCM) to kickstart a challenge that encourages fintechs to create a know-your-customer (KYC) verification system based on blockchain technology. Trustworthiness of Data on...
UAE Based Money Transfer Firm Announces Partnership With Ripplenet
28.1.2022
Al Fardan Exchange, a money transfer firm, has joined up with Ripplenet in a deal that will see the company use the Ripplenet blockchain when sending funds across national borders. Al Fardan’s Reasons for Joining Ripple A United Arab Emirates (UAE)-based money transfer platform, Al Fardan...
From tuk tuks to COVID tests, YouTuber tests Bitcoin use cases across multiple countries
17.1.2022
Under the handle "Paco De La India", the YouTuber said he planned to visit 40 countries, often using Bitcoin transactions to pay for everything he needed
Gift to Pope Francis Sold as NFT Raises $80,000 for Afghanistan
16.1.2022
A carpet presented by the United Arab Emirates as a gift to the head of the Catholic Church a few years ago has been sold in the form of NFT. While the original remains in the Vatican, its digital representation has been successfully used to collect funds for the people of Afghanistan. NFT...
UAE regulators pave way for crypto and blockchain adoption, says legal expert
10.1.2022
Legal expert Kokila Alagh shared insights regarding crypto and blockchain regulations in the United Arab Emirates
Crypto makes history in 2021: Five instances of governments embracing digital assets
29.12.2021
While 2021 surely saw a few regulatory setbacks, some governments delivered masterclasses in forward-looking crypto regulation
UAE to Jail Promoters of Fraudulent Cryptocurrency Schemes for Five Years, Offenders to Pay Over $270K in Fines
26.12.2021
Fraudsters promoting online cryptocurrency scams in the United Arab Emirates (UAE) now face a possible five-year jail sentence plus a fine of up to $272,000, according to a report. The new measures, which are set to take effect on January 2, 2022, are part of the government’s effort...
Dubai to Create Crypto Zone, Binance Joins Effort
23.12.2021
The Dubai World Trade Centre will become a comprehensive ecosystem for cryptocurrencies and providers of related services. The move is part of efforts to support new industries and the emirate intends to source help from crypto companies like Binance. Dubai World Trade Centre to Host and Regulate...
Binance joins fresh crypto hub by Dubai World Trade Centre
21.12.2021
Binance will assist crypto exchanges and businesses to become licensed in Dubai in cooperation with the local government
Dubai World Trade Centre to create new crypto hub and become regulator
20.12.2021
Another government-backed project in Dubai aims to set up an attractive environment for the crypto industry
State-Owned Investment Giant Mubadala Invests In Crypto, Blockchain-Based Ecosystem
13.12.2021
In a move that could potentially inject billions of dollars into the global crypto markets, Abu Dhabi’s leading state-owned holding Mubadala Investment Company is acknowledging it has started to invest its assets in cryptocurrencies and their surrounding blockchain-based ecosystem. ...
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Empire Token on the Rise: Empire NFT Marketplace Now Supports Ethereum; Plans to Expand to Solana and Major Exchange Listing
3.12.2021
PRESS RELEASE. Abu Dhabi, UAE – Empire Token’s flagship utility, the Empire NFT Marketplace, is now live on the Ethereum mainnet. The Ethereum Blockchain is a global computing platform and operating system which can be used to create decentralized services and applications....
UAE issues first NFT stamps in the Middle East
30.11.2021
The United Arab Emirates has adopted a favorable approach towards crypto. Now, its postal operator is issuing NFTs to commemorate National Day
Mintverse Closes Successful Seed Round of $1.5M
5.11.2021
PRESS RELEASE. Dubai, UAE, 5th November 2021 — Mintverse, a new and improved NFT service platform, closes their seed round raising $1.5 million from private investors. Led by A&T capital, and other large investment firms including Mirana Ventures, Longling Capital, Genesis Block...
3air Solves Africa’s Massive Internet Access Problem With Cardano-Based ISP Platform
5.11.2021
PRESS RELEASE. 3air is using an ISP platform built on Cardano to provide internet to the most unconnected regions in Africa. November 2nd, 2021, Dubai, UAE – Today, 3air, a blockchain-based startup, announced it will leverage the power of decentralization to provide internet connectivity...
Dubai finance watchdog approves listing of Bitcoin fund
27.10.2021
The DFSA is establishing itself as an innovative regulator for the region by focusing on fintech and innovative technology
Dubai regulator announces new regulations for investment tokens
26.10.2021
The UAE continues to be one of the most friendly jurisdictions worldwide for the digital asset industry