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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...
UAE regulations may ban crypto payments, warns lawyer
26.6.2024
UAE lawyer Irina Heaver told Cointelegraph that the policy shift could signal a “less favorable environment” for crypto in the UAE
Nomura crypto arm Laser Digital bags Abu Dhabi license
19.6.2024
The firm chose to expand into Abu Dhabi due to the innovation-friendly crypto regulations
UAE central bank approves licensing system for stablecoins
5.6.2024
KARM Legal Consultants founder Kokila Alagh said that the regulations clarify the issuance, licensing and supervision of AED-backed payment tokens
Dubai financial regulator updates crypto token rules for funds
3.6.2024
The changes encompassed several areas, including the ability of both external and domestic funds to invest in crypto tokens
China and UAE Praise Potential Role of CBDCs in Cross-Border Trade
3.6.2024
China and the United Arab Emirates (UAE) have acknowledged the crucial role of central bank digital currency (CBDC) in facilitating cross-border trade and investment. In a joint statement, the two countries expressed their commitment to deepening bilateral and multilateral cooperation with respect...
UAE Agriculture Authority Bans Cryptocurrency Mining on Farms
24.5.2024
The Abu Dhabi Agriculture and Food Safety Authority, United Arab Emirates (UAE), has issued a new advisory prohibiting the use of farms for cryptocurrency mining.
The post UAE Agriculture Authority Bans Cryptocurrency Mining on Farms appeared first on Cryptonews
UAE agriculture authority prohibits crypto mining on farms: Report
24.5.2024
Those caught mining crypto on farms face fines of up to 10,000 dirhams, or about $2,722