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Fluent Finance Partners With UAE to Develop Deposit Token Tech
14.10.2023
Fluent Finance, a US-based startup that aims to bridge banking and Web3, has announced that it will partner with the Ministry of Economy of the United Arab Emirates (UAE) to develop deposit token-based tech. The company, which takes advantage of the Nextgen FDI growth program, will open operations...
First Abu Dhabi Bank completes cross-border payments testing on JPMorgan Onyx
11.10.2023
The FAB pilot follows Bank ABC’s in Bahrain. JPMorgan also just launched its Tokenization Collateral Network on Onyx
Dubai Regulator Halts Sale and Distribution of Islamic Coin – What's Going On?
6.10.2023
The Dubai Virtual Assets Regulatory Authority (VARA) has taken action against Bored Gen DMCC (BG), a company involved in the distribution and marketing of Islamic coin (ISLM).
According to a VARA alert published on Wednesday, BG lacks the necessary authority to conduct the type of crypto-related...
Web3 gaming takes center stage in the UAE at Future Blockchain Summit
3.10.2023
The gaming landscape has undergone a profound transformation in recent years, ushering in a new era marked by unprecedented innovation and decentralization. At the forefront of this revolution is the rise of Web3 gaming, a groundbreaking paradigm that has rapidly gained traction worldwide. Nowhere...
Dirham stablecoin DRAM hits Uniswap, developed by relaunched Distributed Technologies Research
3.10.2023
Distributed Technologies Research has launched DRAM, a Dirham-backed stablecoin that aims to tap into the performance of the United Arab Emirates fiat currency
SBI works with UAE’s TradeFinex to set up joint crypto venture in Japan
29.9.2023
SBI Holdings will work with UAE firm TradeFinex on a Japanese joint venture aimed at boosting adoption of its enterprise blockchain platform running on the XDC Network
Nomura’s Laser Digital receives in-principal approval for operations in Abu Dhabi
26.9.2023
The Japanese bank joins a rapidly growing number of digital asset firms operating in Abu Dhabi and the rest of the United Arab Emirates
mBridge CBDC project preparing for new members, launch of minimum viable product
25.9.2023
The project now includes central and commercial banks of China, Hong Kong, Thailand and the UAE. Future new members were not identified
Join Blockchain Life 2023 in Dubai – The crypto event of the year
21.9.2023
The legendary event, known as Crypto Whales Meeting Point, brings together over 7,000 visitors from 120 countries on October 24-25. Global crypto investors, funds, government officials, miners, developers, and promising startups come together in Dubai to shape the future of cryptocurrencies...
Saudi Arabia looks to blockchain gaming and Web3 to diversify economy
8.9.2023
The kingdom is currently diversifying its economy away from oil and turning to new opportunities, such as gaming and Web3
Today in Crypto: SOMA Finance to Offer 'Legally Issued and Compliantly Structured Digital Security', Microsoft Unveils 'Heavy-Metal Quartet' of AI Compilers
6.9.2023
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: SOMA Finance to Offer 'Legally Issued and Compliantly Structured Digital Security', Microsoft Unveils...
Singapore Tops List of Crypto-Friendly Investment Migration Destinations
6.9.2023
Singapore has emerged as the most preferred destination for crypto millionaires seeking secure and tax-friendly havens to protect their digital assets, according to the recently released Crypto Adoption Index by Henley & Partners.
With a perfect score of 10 out of 10 in the tax-friendliness...
Bitcoin may hit $100K by capturing ‘even 2%–5% of gold’s market cap’ — Hut8 VP Sue Ennis
28.8.2023
New developments in the Bitcoin mining space have Hut8 vice president Sue Ennis convinced that well positioned miners will thrive after the next BTC halving
Oil Giants Joining BRICS a Strategic Success for China and Russia, Expert Says
28.8.2023
A German expert says that the BRICS economic bloc adding several oil giants as new members “is a strategic success for China and Russia.” The BRICS leaders announced at their annual summit last week that they have invited Saudi Arabia, the UAE, Iran, Argentina, Egypt, and Ethiopia to join as...
BRICS Invites 6 Countries to Join, Including Saudi Arabia, UAE, Iran
25.8.2023
The BRICS economic bloc has invited six countries to become new members: Argentina, Egypt, Ethiopia, Iran, Saudi Arabia, and the United Arab Emirates. The BRICS leaders wrapped up their 15th annual summit on Thursday. “We have reached agreement on the guiding principles, standards, criteria,...
Nomura, CoinShares, Ledger joint venture Komainu wins Dubai crypto license
22.8.2023
Komainu attained the final step in VARA’s licensing process nearly 10 months after securing its MVP license in November 2022
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