[yesterday 9:01 PM] The United Arab Emirates’ Interior Ministry has signed a memorandum of understanding with the Financial Services Regulatory Authority to combat virtual assets-related crime. Strengthening Risk Mitigation Frameworks The United Arab Emirates…
[Dec 20 2:00 PM] 2024 cemented the UAE’s status as a global crypto hub as its landscape changed substantially with new stablecoin regulations, tax exemptions and stricter marketing rules.
[Dec 17 12:25 PM] Web3 professionals pointed toward talent and capital, Shariah-compliant crypto services and dirham-pegged stablecoins when asked about crypto trends in the Middle East.
[Dec 9 7:00 PM] The former Binance CEO said that the Chinese government’s lack of transparency overall made it difficult to predict any crypto policies.
[Dec 9 8:50 AM] BitOasis received a full VASP license, marking the final step in its VARA licensing process and allowing it to offer a full range of crypto trading services.
[Oct 30 6:30 AM] The United Arab Emirates (UAE) and Saudi Arabia are bolstering strategic ties with Russia, with the UAE seeking a partnership and Saudi Arabia enhancing diplomatic collaboration for regional stability. UAE and Saudi Arabia Strengthen Strategic Ties…
[Oct 21 11:19 AM] The Sui blockchain has launched a hub in Dubai which will act as an incubator for blockchain developers and entrepreneurs, one of its founding developers told CoinDesk in an interview.
[Oct 17 7:00 AM] Growing demand for US dollar-backed stablecoins and regulatory uncertainty in the US are the key reasons for stablecoins thriving in other jurisdictions.
[Oct 17 1:30 AM] Brazil pushes for a shift away from the U.S. dollar within the BRICS alliance, advocating for more use of national currencies in trade among member countries. As the group expands, discussions on alternative payment platforms are gaining momentum…
[Oct 16 5:51 AM] Dubai’s Virtual Assets Regulatory Authority believes it has struck the correct balance in terms of time taken to award licenses to crypto-related applicants, its senior official Sean McHugh told CoinDesk in an interview on Tuesday, disputing any…
[Oct 15 9:38 AM] RAK DAO chief commercial officer Luc Froehlich told Cointelegraph that regulations require clarity, and a regulation-by-enforcement approach drives talent away.
[Oct 15 9:30 AM] AED Stablecoin LLC has received approval from the Central Bank of the United Arab Emirates (UAE) to launch its stablecoin, AE Coin. This makes AED Stablecoin the first entity in the UAE to issue stablecoins, aligning with the government’s…
[Oct 11 6:30 AM] Russian Finance Minister Anton Siluanov has emphasized the rising influence of BRICS nations during a recent event, noting their projected economic growth of 4.4% in 2024-2025, compared to 1.7% for G7 countries. Siluanov highlighted BRICS’…
[Oct 10 3:10 PM] OKX, one of the four biggest cryptocurrency exchanges, has gone live in the UAE, Middle East General Manager Rifad Mahasneh said in an interview.
[Oct 10 11:39 AM] Dubai's Virtual Assets Regulatory Authority (VARA) issued cease-and-desist orders and accompanying fines to seven entities for operating without the required licenses and breaching marketing regulations.
[Oct 7 7:45 AM] The United Arab Emirates has exempted crypto transactions from value-added tax (VAT), according to an amendment in the law made by the Federal Tax Authority.
[Oct 7 1:30 AM] The United Arab Emirates has introduced VAT amendments that impact crypto transactions, redefining tax obligations for companies in the digital asset space. Under the new rules, businesses dealing with cryptocurrencies and other digital assets must…
[Sep 27 7:30 AM] According to a Chainalysis report, the Middle East & North Africa (MENA) region has emerged as a significant player in the global crypto market, ranking seventh globally with $338.7 billion in on-chain value received between July 2023 and June…
[Sep 26 5:03 PM] According to the World Bank, less than 50% of adults in the Middle East and North Africa region had access to adequate banking services.
[Sep 26 1:30 AM] BRICS nations are considering adopting the petroyuan for oil trade as part of their ongoing dedollarization efforts, according to economic expert Herbert Poenisch. He noted the BRICS group may discuss alternatives to the petrodollar at their Kazan…
[Sep 24 12:30 AM] Russian Foreign Minister Sergey Lavrov announced that a report on alternative payment systems for BRICS nations will be presented at an upcoming summit in Kazan. The proposal, led by Brazilian President Lula da Silva, seeks to reduce reliance on…
[Sep 18 11:20 AM] Microsoft and G42, a United Arab Emirates-based AI firm, have established two new AI centers in Abu Dhabi. These centers aim to promote responsible AI in the Middle East and the Global South. They will identify best practices, support AI projects…
[Sep 13 9:00 PM] This week’s Crypto Biz explores the launch of new crypto ETFs, CleanSpark’s acquisition of new mining sites, another round of conflict between Bitfarms and Riot, and more.
[Sep 13 11:20 AM] The Federal Bureau of Investigation (FBI) has warned of a rising business email compromise (BEC) threat, responsible for $55 billion in global losses over a decade. The scam has affected all 50 U.S. states and 186 countries, with funds frequently…
[Sep 13 3:30 AM] Russian President Vladimir Putin revealed that 34 countries have shown interest in joining BRICS activities, highlighting the global appeal of the group. He detailed Russia’s role in facilitating the integration of new members, sharing…
[Sep 12 1:19 PM] OneDegree executive Robin Scott told Cointelegraph that the insurance covers Web3 asset managers against the risk of losing customer funds.
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