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China’s Digital Yuan Nears $1 Trillion in Transactions, PBOC Official Reveals

[Sep 11 3:30 AM] China’s digital yuan initiative has advanced considerably, backed by over a decade of research and four years of pilot experimentation, according to Lu Lei, Deputy Governor of the People’s Bank of China (PBOC). Trials for the Chinese…

Standard Chartered Launches Bitcoin and Ethereum Custody in UAE

[Sep 11 2:30 AM] Standard Chartered has launched a digital asset custody service in the United Arab Emirates (UAE), licensed by the Dubai Financial Services Authority. The service aims to provide secure storage for digital assets, initially focusing on bitcoin and…

Standard Chartered Bank Launches Bitcoin and Crypto Custody Service in UAE

[Sep 10 9:23 PM] Standard Chartered has officially launched its digital asset custody service in the UAE, according to an announcement from the bank. The service has been licensed by the Dubai Financial Services Authority (DFSA) within the Dubai International…

Standard Chartered begins UAE crypto custody services with BTC, ETH

[Sep 10 1:45 PM] Standard Chartered was approved by the Dubai Financial Services Authority to offer crypto custody solutions in the UAE. 

UAE to Boost Global South Growth Through BRICS Membership

[Sep 5 8:30 AM] The United Arab Emirates (UAE) is committed to supporting the economic development of the Global South through its membership in the BRICS group, according to Younis Haji Al Khoori, Under-Secretary of the Ministry of Finance. The UAE aims to foster…

UAE Requests France to Provide Immediate Consular Support for Telegram CEO Pavel Durov

[Aug 27 11:30 PM] The United Arab Emirates (UAE) has requested consular services for Telegram CEO Pavel Durov following his arrest in Paris for alleged cybercrimes. France is investigating Durov for enabling illegal activities through Telegram. Russia has similarly…

Tether to Launch UAE Dirham-Pegged Stablecoin

[Aug 22 2:45 PM] Tether, the major stablecoin issuer, has announced plans to launch a new stablecoin pegged to the United Arab Emirates Dirham (AED). This initiative, in collaboration with the UAE-based Phoenix Group, aims to provide a secure and efficient means of…

Tether Plans to Develop UAE Dirham-Pegged Stablecoin Alongside Phoenix Group

[Aug 21 10:30 AM] Tether plans to seek licensing for the stablecoin under the U.A.E. Central Bank's Payment Token Services Regulation.

Tether plans to launch dirham stablecoin with UAE partners

[Aug 21 10:29 AM] Tether teams up with UAE's Phoenix Group PLC and Green Acorn Investments to launch a Dirham-backed stablecoin, enhancing international trade and remittances.

What a Dubai Court Ordering a Company to Pay Its Employee in Crypto Means

[Aug 19 10:57 AM] 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.

Dubai Court Recognizes Cryptocurrency for Salary Payments

[Aug 17 12:30 AM] 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…

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

[Aug 14 5:30 AM] 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…

Ripple and DIFC Partner to Drive Blockchain and Crypto Adoption in UAE

[Aug 8 2:30 AM] 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…

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

[Aug 2 9:00 PM] 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 residents can now trade crypto directly with their bank accounts

[Jul 31 5:00 AM] The new integration enables the direct conversion of UAE dirhams into Bitcoin and Ether using M2’s spot market.

UAE’s Zand Bank to Offer Crypto Services

[Jul 4 2:55 AM] 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…

Indian Crypto Exchange CoinDCX Acquires BitOasis to Enter Middle East

[Jul 3 4:30 AM] The acquisition will provide a boost to BitOasis' plans to expand its presence across the region.

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

[Jun 27 12:10 AM] 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

[Jun 26 9:24 PM] 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…

Nomura crypto arm Laser Digital bags Abu Dhabi license

[Jun 19 3:01 AM] The firm chose to expand into Abu Dhabi due to the innovation-friendly crypto regulations.

Dubai financial regulator updates crypto token rules for funds

[Jun 3 5:12 AM] The changes encompassed several areas, including the ability of both external and domestic funds to invest in crypto tokens.

UAE agriculture authority prohibits crypto mining on farms: Report

[May 24 7:07 AM] Those caught mining crypto on farms face fines of up to 10,000 dirhams, or about $2,722.

Chainalysis sets up regional HQ in Dubai amid local crypto boom

[May 8 7:25 AM] Chainalysis relocates regional headquarters to Dubai reflecting the UAE’s progressive stance toward blockchain technology.

Crypto Exchange Bitpanda Expands Austrian Presence With Raiffeisen Bank Partnership

[May 8 2:00 AM] Bitpanda’s crypto offering in partnership with Raiffeisen Bank has been extended beyond Vienna to 55 bank branches across Austria

Crypto options desk QCP Capital wins Abu Dhabi license: Report

[May 7 6:24 AM] The in-principle approval enables QCP Capital to offer regulated digital asset activities in the region.

Dubai does for crypto what Silicon Valley did for tech — Gov’t affairs firm CEO

[Apr 29 2:47 AM] NH Management’s Tao Xiao explained that VARA’s objective is not to hinder progress but to secure the market’s integrity.

Crypto.com Obtains Full Dubai Operational License

[Apr 9 5:33 AM] Singapore-based crypto platform Crypto.com has received full operational approval from Dubai’s Virtual Assets Regulatory Authority (VARA) for its local entity, CRO DAX Middle East FZE.

Nexo Secures Preliminary VARA Approval to Launch Crypto Lending and Brokerage Services in Dubai

[Mar 6 2:30 AM] On Tuesday, Nexo announced its Dubai entity, Nexo DWTC, had secured preliminary approval from Dubai’s Virtual Assets Regulatory Authority (VARA) to engage in virtual asset lending, borrowing, and broker-dealer activities within the…

Crypto Lender Nexo Secures First Regulatory Victory in Dubai

[Mar 5 7:00 AM] Nexo, a company offering digital asset services, has won initial approval as a licenced entity in Dubai from the region's Virtual Assets Regulatory Authority (VARA), it announced Tuesday.

Project Mbridge Reaches Milestone: First Digital Dirham Cross-Border Settlement Goes Through

[Feb 2 5:30 PM] The first cross-border digital dirham payment was completed by Sheikh Mansour Bin Zayed Al Nahyan, Chairman of the Board of the Central Bank of the UAE, using the Mbridge platform, a central bank digital currency (CBDC) liquidity and…