Dubai Regulator Suspends Crypto Exchange BitOasis' Conditional License
[Jul 11, 2023 4:06 AM] BitOasis said it's working closely with the Virtual Assets Regulatory Authority to fulfil the conditions.
5 / 6 Relevant items tagged with #UAE
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UAE Share In Global Mining Activity Grows, Accounts For 3.7% Of Mined Bitcoin
[Jul 6, 2023 2:30 PM] According to the latest report by Hashrate Index, a website for Bitcoin mining data and metrics, the UAE is now becoming a growing destination for Bitcoin miners, especially in the Middle East. Bitcoin Miners Look For Greener Pastures Bitcoin…
UAE emerges as a pro-Bitcoin mining destination in the Middle East
[Jul 6, 2023 3:10 AM] The United Arab Emirates’ combined Bitcoin mining capacity is estimated to be around 400 megawatts or 4% of Bitcon’s global hash rate.
Julius Baer Eyes Expansion to Dubai for Crypto Services: Bloomberg
[Jun 29, 2023 9:13 AM] The expansion would be the private bank's first for its crypto offering beyond its native Switzerland, where it has provided digital asset services since the start of 2020.
Bybit’s MVP license in Dubai ‘very restricted,’ CEO says
[Jun 27, 2023 7:15 AM] Once fully licensed in Dubai, Bybit plans to run a full-scope exchange, offering crypto lending, payments, investment and other services.
Gemini Exchange To Acquire License To Operate In United Arab Emirates
[Jun 1, 2023 1:26 PM] Gemini, a global cryptocurrency exchange, has announced its plans to acquire a cryptocurrency license in the United Arab Emirates (UAE) in a move to expand its services. Describing the UAE's position as a forward-thinking financial hub, Gemini aims…
Winklevoss twins’ crypto exchange Gemini to seek UAE crypto license
[May 31, 2023 11:09 PM] The United-States-based cryptocurrency exchange is now seeking a license in the United Arab Emirates as it seeks to escape “hostility and [a] lack of clarity” on regulations in the U.S.
AML rules for digital assets to come into effect in UAE
[May 31, 2023 5:53 AM] The licensed financial institutions would be required to identify and verify the identities of all customers.
Large Immersion Cooled Crypto Mining Farms to Extract Bitcoin in Middle East Desert
[May 11, 2023 10:30 PM] A project to build two large-scale facilities for cryptocurrency mining is underway in the United Arab Emirates (UAE). The high-tech data centers will rely on a full immersion solution to cool the power-hungry miners as the desert climate renders…
Kenya partners with Abu Dhabi's Venom Foundation to build blockchain, Web3 hub
[May 10, 2023 3:48 PM] The blockchain and Web3 hub will serve as a center for knowledge exchange and collaboration between technology firms and government entities in Africa.
Coinbase execs visit UAE to test potential of 'strategic hub' for international operations
[May 8, 2023 9:47 AM] “I think the U.S. right now is a little bit behind in terms of regulatory clarity and some of the rhetoric from the top," said Brian Armstrong at the Dubai Fintech Summit.
UAE Securities Regulator to Start Accepting License Applications From Crypto Firms
[Apr 18, 2023 5:05 AM] The regime applies to all companies seeking to provide services in the country, unless already licensed in financial free zones in the United Arab Emirates.
Dubai regulator demands Binance provide info on ownership, governance: Report
[Apr 5, 2023 9:18 AM] According to Bloomberg, the Dubai crypto regulator is also seeking similar details from other global crypto players.
Easy Way To Obtain Crypto License in Dubai: Gofaizen and Sherle Launches A New Service
[Mar 31, 2023 11:00 AM] PRESS RELEASE. Tallinn, Estonia – Gofaizen & Sherle, a leading fintech and crypto consultancy firm based in Estonia, has recently launched its first crypto product for the United Arab Emirates (UAE). The product is designed to assist…
Easy Way To Obtain Crypto License in Dubai: Gofaizen and Sherle Launches A New Service
[Mar 30, 2023 11:00 AM] PRESS RELEASE. Tallinn, Estonia – Gofaizen & Sherle, a leading fintech and crypto consultancy firm based in Estonia, has recently launched its first crypto product for the United Arab Emirates (UAE). The product is designed to assist…
UAE Unveils CBDC Strategy, First Phase to Be Completed by Mid-2024
[Mar 24, 2023 1:12 AM] The United Arab Emirates expects to complete the first phase of its central bank digital currency strategy over the next 12 to 15 months.
UAE central bank signs deal for CBDC strategy
[Mar 23, 2023 7:20 AM] The CBDC strategy was first unveiled in February as part of the central bank’s program to position the UAE as a global financial hub.
Crypto.com gets MVP preparatory license from Dubai regulator
[Mar 20, 2023 5:29 AM] After completing the preparatory stage and obtaining an operational license in Dubai, Crypto.com plans to provide a comprehensive range of institutional services in compliance with regulatory requirements.
India, UAE to explore CBDC bridge to facilitate trade, remittances without USD
[Mar 16, 2023 9:45 AM] The bridge would be the second for the UAE, whose banks successfully participated in the mBridge project last year with Hong Kong, China and Thailand.
India, UAE Collaborate to Boost Cross-Border Central Bank Digital Currency Transactions
[Mar 15, 2023 8:30 PM] India’s central bank, the Reserve Bank of India (RBI), and the Central Bank of the United Arab Emirates (UAE) have agreed to collaborate on cross-border central bank digital currency (CBDC) transactions of remittances and trade. The initiative is…
Alameda Research to sell interest in Sequoia Capital for $45M to Abu Dhabi
[Mar 9, 2023 5:48 AM] The investment branch of FTX, Alameda Research, reached an agreement to sell its interest in Sequoia Capital for $45 million in cash to the Abu Dhabi sovereign wealth fund.
American regulators are pushing hard against crypto: Law Decoded, Feb. 28–March 6
[Mar 6, 2023 11:45 AM] Crypto mining operators, custodians and Binance personally received a fine doze of the United States officials' attention last week.
UAE free zone to explore Bitcoin payments for services, lawyer says
[Mar 3, 2023 3:44 AM] The free zone for virtual asset firms in the Ras Al Khaimah emirate aims to foster regulated and non-regulated activities.
Emirate to launch free zone for digital and virtual asset firms
[Feb 28, 2023 2:58 AM] Free-trade zones in the UAE are areas where entrepreneurs have 100% ownership of their businesses and have different regulatory frameworks and tax schemes.
Abu Dhabi to back the growth of Web3 startups with $2B
[Feb 15, 2023 3:30 PM] The initiative promises to provide Web3 startups with access to corporate, government, and investment partners in both global markets and the UAE.
UAE Launches ‘Financial Infrastructure Transformation’ Program; CBDC Among 9 Key Objectives
3AC Co-Founder Kyle Davies Fails to Respond to Liquidators’ Subpoena Despite Twitter Delivery
[Feb 8, 2023 12:30 PM] According to recent court filings, Kyle Davies, co-founder of the defunct cryptocurrency hedge fund Three Arrows Capital (3AC), has allegedly failed to respond to a subpoena from the firm’s current liquidators, despite it being sent via…
Crypto Will ‘Play a Major Role’ in UAE Trade Going Forward, Minister Says
Crypto to play 'major role' in UAE trade: foreign trade Minister
[Jan 20, 2023 8:31 PM] UAE’s minister of state for foreign trade Thani Al-Zeyoudi noted that as the country has attracted a lot of talent from the crypto sector, the UAE now needs to roll out the correct regulation to support further growth.
Crypto makes history in 2022: Five instances of governments embracing digital assets
[Jan 1, 2022 3:14 PM] Even amid the market breakdown and repetitive public attacks on the industry, some of the officials found the courage to embrace the innovation.