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Nalezeno "uae": 492

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

UAE’s RAKBANK teams up with Bitpanda on digital asset platform for residents

19.8.2024
The new digital asset management platform still requires the approval of the Central Bank of the United Arab Emirates.

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

BRICS Countries Deem US Dollar Less Important in Global Trade, Says Indian Expert

14.8.2024
The vice chairman of the BRICS Chamber of Commerce and Industry, Sameep Shastri, has highlighted the economic bloc’s shift away from reliance on the U.S. dollar, opting instead to trade using their national currencies like the Russian ruble, Indian rupee, and Chinese yuan. He underscored...

UAE and UK Accounting Bodies Partner to Shape Digital Finance Future

13.8.2024
The Institute of Chartered Accountants in England and Wales (ICAEW) has partnered with the United Arab Emirates (UAE) Banks Federation to help businesses understand and adapt to the digital asset landscape. The partnership aims to support the UAE’s position as a global leader in digital...

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...

Crypto Biz: Stablecoins wave, crypto trading via UAE banks, and more

2.8.2024
This week’s Crypto Biz explores Tether’s profit record, bank-linked crypto trading in the United Arab Emirates, Polymarket’s growth amid US elections, and Coinbase custodian arm

UAE Bank Launches VASP-Focused Accounts for Managing User Funds

1.8.2024
Commercial Bank of Dubai (CBD), a United Arab Emirates-based bank, has launched dedicated accounts for virtual asset service providers to manage client funds. CEO Bernd van Linder said the move aligns with CBD’s core banking services and supports the bank’s plans to foster the digital economy. VASP...

UAE residents can now trade crypto directly with their bank accounts

31.7.2024
The new integration enables the direct conversion of UAE dirhams into Bitcoin and Ether using M2’s spot market

UAE Blockchain and AI Startup Sentient Labs Secures $85 Million in Seed Funding

17.7.2024
Sentient Labs, a UAE-headquartered startup, has successfully raised $85 million in seed funding. The funding round was spearheaded by billionaire Peter Thiel’s Founders Fund and Pantera Capital, with additional participation from Framework Ventures. Sentient Labs stands out by merging decentralized...

Taurus enhances Zand Bank’s crypto, tokenization services in UAE

4.7.2024
The Swiss crypto platform is expanding its stable of large financial institutions

UAE’s Zand Bank to Offer Crypto Services

4.7.2024
Zand Bank, the UAE’s first digital bank, has entered into a strategic partnership with Taurus SA, a global leader in digital asset technology for banks. This partnership will cover all aspects of Zand’s digital asset infrastructure, including custody, tokenization, and blockchain...

Indian Crypto Exchange CoinDCX Acquires BitOasis

3.7.2024
The acquisition will provide a boost to BitOasis' plans to expand its presence across the region

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

South Korean crypto firm Hashed Ventures expands to Abu Dhabi: Report

27.6.2024
Hashed Ventures said it’s in talks with other South Korean crypto firms to help bring them to Abu Dhabi

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...