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Onedegree, Dubai Insurance Launch Digital Asset Custodial Insurance for UAE Clients
14.9.2024
Onedegree, an Asian digital assets insurer, and its UAE partner, Dubai Insurance, have started offering digital asset custodial risk insurance to clients in the UAE. This new product, approved by the Central Bank of UAE, expands both companies’ product portfolio and offers a comprehensive...
UAE’s central bank approves custodial risk insurance product for digital assets
12.9.2024
OneDegree executive Robin Scott told Cointelegraph that the insurance covers Web3 asset managers against the risk of losing customer funds.
UAE regulators to allow Dubai-licensed VASPs to service entire country
11.9.2024
The agreement between UAE regulators covers the mutual supervision of crypto providers, penalty imposition, information exchange and employee training.
Standard Chartered Launches Bitcoin and Ethereum Custody in UAE
11.9.2024
Standard Chartered has launched a digital asset custody service in the United Arab Emirates (UAE), licensed by the Dubai Financial Services Authority. The service aims to provide secure storage for digital assets, initially focusing on bitcoin and ethereum. Brevan Howard Digital is the first...
Getting paid in crypto: Dubai court ruling shows increasing acceptance
5.9.2024
Crypto salaries are becoming more common, especially in countries with prevalent economic incentives like inflation.
Crypto.com, Standard Chartered partner for global fiat services
29.8.2024
Crypto.com partners with Standard Chartered Bank to provide fiat currency services in over 90 countries, starting in the UAE
Blockchain Life 2024 in Dubai Unveils First Speakers
22.8.2024
Blockchain Life 2024, one of the world’s leading events in Web3, cryptocurrencies, and mining, today announced the first…
Dubai court recognizes crypto as valid salary payment: Law Decoded
19.8.2024
Dubai's latest ruling marks a significant shift in the legal acceptance of cryptocurrencies, aligning the UAE with global trends in digital finance
What a Dubai Court Ordering a Company to Pay Its Employee in Crypto Means
19.8.2024
A court in Dubai ordered a company to pay an employee using a cryptocurrency token, as agreed in the employment contract. The ruling raises several questions even as it lends some legitimization to crypto in the region
Dubai Court Recognizes Cryptocurrency for Salary Payments
17.8.2024
In a landmark decision, the Dubai Court of First Instance has recognized the payment of salaries in cryptocurrency under employment contracts, marking a significant shift in the United Arab Emirates (UAE)’s legal approach to digital currencies. The 2024 ruling, case number 1739 of 2024...
Dubai court recognizes crypto as a valid salary payment
16.8.2024
UAE lawyer Irina Heaver said the ruling shows the growing acceptance of crypto in employment contracts, recognizing the evolving nature of Web3 financial transactions
Ripple and DIFC Partner to Drive Blockchain and Crypto Adoption in UAE
8.8.2024
Ripple has unveiled its plan to partner with the Dubai International Financial Centre (DIFC) Innovation Hub to promote blockchain and crypto adoption in the UAE. The collaboration seeks to encourage innovation among early-stage companies and large institutions. Ripple has dedicated one billion...
UBXS Token Launches Home Tokenization in Dubai, Confirming BlackRock’s Insights in the RWA Sector and Trump’s Positive Outlook on Crypto
2.8.2024
PRESS RELEASE. Innovative crypto project UBXS Token is proud to announce a new home tokenization project in Dubai. This initiative aims to make real estate investments more accessible through the opportunities offered by blockchain technology. UBXS Token’s move aligns with predictions...
Dubai Border Protection Agency Launches Blockchain Platform to Boost Efficiency
9.7.2024
Dubai’s border protection agency announced the launch of a secure and efficient blockchain network, which is expected to improve efficiency and transparency within the United Arab Emirates city. The blockchain platform will also strengthen Dubai’s position as a hub for entrepreneurship and global...
Dubai Customs launches blockchain platform amid smart city effort
9.7.2024
Dubai Customs hopes the blockchain solution will facilitate tamper-proof data sharing, save time and effort and reduce voluminous paperwork for local supply chains
NFT Expo Dubai: A Global Confluence of Innovation in Digital World
4.7.2024
The much-anticipated NFT Expo Dubai 2024 will take place in Dubai on September 11 and 12, 2024, at the Festival Arena, Festival City. This premier event is expected to host over 12,000 visitors, more than 40 speakers from leading industries, over 100 pioneering companies, and representatives from ...
Indian Crypto Exchange Coindcx Going Global With Bitoasis Acquisition
3.7.2024
Indian crypto exchange Coindcx is expanding globally by acquiring the Middle Eastern digital asset platform Bitoasis. This strategic move enhances Coindcx’s presence in the Middle East and North Africa (MENA) region while allowing Bitoasis to retain its branding and leadership, signaling...
Mantra to Tokenize $500M Real Estate Assets for UAE Builder MAG Group
3.7.2024
The firm will tokenize the real estate assets in several tranches
Binance’s Local Exchange Receives Dubai License, Initiates UAE User Migration
27.6.2024
Binance is transitioning UAE resident accounts to its new regulated local entity, Binance FZE, following a Virtual Asset Service Provider license from Dubai’s regulator. This change will allow UAE users to access various virtual asset services locally, including AED bank deposits...
MEBIS Dubai to showcase latest banking technologies and trends at upcoming event
24.6.2024
The Middle East Banking Innovation Summit 2024 (MEBIS), an exclusive gathering of industry leaders, innovators, and experts, is set to host its 15th edition from September 18-19, 2024, at the prestigious JW Marriott Marina Hotel. This highly anticipated event will delve into various topics...