Latest News and Articles about UAE
Ripple Secures License for Crypto Payments in Dubai’s DIFC – A Strategic Leap Forward
Ripple Secures Crucial Crypto Payment License in UAE’s DIFC – A Milestone for Blockchain Payments Ripple, a leader in enterprise blockchain solutions, has obtained a significant license from the Dubai Financial Services Authority (DFSA), allowing it to offer regulated cryptocurrency payments within the Dubai International Financial Centre (DIFC). Ripple secures license for regulated crypto payments […]
Read MoreGoogle’s New Crypto Ad Policy in UAE: Licensing Required from February 2025
Google Tightens Crypto Ad Policy in UAE: A Regulatory Leap Forward Google has announced a new policy update for cryptocurrency advertising in the United Arab Emirates (UAE), effective February 26, 2025. This move requires crypto exchanges and software wallets to obtain licenses from specific regulatory bodies in the UAE, marking a significant step in aligning […]
Read MoreSaudi Economist Calls for Unified GCC Crypto Regulations Amid Regional Divide
Saudi Economist Urges GCC for Unified Crypto Regulations Amid Divergent Regional Policies Ihsan Buhulaiga, a prominent Saudi economist, is pushing for a unified regulatory framework for cryptocurrencies among the Gulf Cooperation Council (GCC) countries to streamline the use of digital assets as payment tools across the region. Saudi economist urges GCC for unified crypto regulations […]
Read MoreUAE Clarifies VAT Rules: 5% on Commercial Crypto Mining, Personal Exempt
UAE Tax Authority Clarifies VAT on Cryptocurrency Mining Services The UAE’s Federal Tax Authority (FTA) has introduced new VAT rules that distinguish between personal and commercial cryptocurrency mining, aiming to foster clarity and growth in the crypto sector. Crypto miners providing services to others must pay a 5% VAT. Personal miners are exempt from VAT. […]
Read MoreMalaysian PM Teams Up with Binance and UAE to Craft Crypto Regulatory Framework
Malaysian PM Discusses Crypto Regulatory Framework with Binance and UAE Malaysian Prime Minister Datuk Seri Anwar Ibrahim recently met with Binance founder Changpeng Zhao and UAE officials in Abu Dhabi to discuss the development of a crypto regulatory framework aimed at modernizing Malaysia’s financial system. Malaysian PM meets with Binance and UAE to discuss crypto […]
Read MoreSigma Capital’s $100M Fund Drives Web3 Innovation in UAE
Sigma Capital Launches $100M Fund: UAE’s Strategic Play in Web3 Innovation – Sigma Capital Fund I targets web3 technologies with a $100M investment. – Invests in DeFi, blockchain infrastructure, and the metaverse, among others. – Plans to support 100 startups, 25 liquid tokens, and 10 crypto funds. Introduction: Sigma Capital just dropped a hefty $100 […]
Read MoreMastercard’s Crypto Credential Launches in UAE, Kazakhstan: Simplifying Blockchain Transactions
Mastercard Launches Crypto Credential in UAE and Kazakhstan: Simplifying Blockchain Transactions Mastercard has rolled out its Crypto Credential solution in the UAE and Kazakhstan, aiming to streamline cryptocurrency transactions by allowing users to use aliases in place of complex blockchain addresses. This initiative marks the company’s first expansion into the EEMEA region (Eastern Europe, Middle […]
Read MoreOobit Targets UAE Expansion with Tether Backing and FSRA License Pursuit
Tether-Backed Oobit Seeks License in UAE, Eyes Middle Eastern Expansion Can a crypto payments service revolutionize the way we use digital currencies in the Middle East? Oobit, with the financial might of Tether and Solana behind it, is betting big on the UAE, applying for a Financial Services Regulatory Authority (FSRA) license under the Abu […]
Read MoreKlickl and Zand Bank Partner to Boost Digital Asset Innovation in UAE
Klickl International and Zand Bank Join Forces to Propel Digital Asset Innovation in the UAE Klickl International, a leading Web3.0 open finance platform, and Zand Bank, the UAE’s first fully licensed, AI-powered digital bank, have announced a strategic partnership aimed at driving digital asset innovation in the region. Partnership announced January 7th, 2025, in Dubai […]
Read MoreRipple Expands in MENA: Aims to Revolutionize Finance with Stablecoins
Ripple Strengthens Presence in Middle East and Africa, Eyes Stablecoin Expansion Ripple, the enterprise blockchain giant, is intensifying its efforts in the Middle East and Africa (MENA) region, leveraging the UAE’s progressive regulatory environment to drive blockchain and stablecoin innovation forward. Ripple’s commitment to MENA region UAE’s progressive regulations Focus on stablecoins, custody, tokenization Long-standing […]
Read MoreUAE Emerges as Crypto Powerhouse with $40 Billion Bitcoin Holdings
UAE: The Emerging Titan in Bitcoin Holdings The United Arab Emirates (UAE) has made a bold move on the global cryptocurrency stage with its impressive $40 billion in Bitcoin holdings. This strategic accumulation is a testament to the UAE’s commitment to establishing itself as a powerhouse in the digital currency arena through progressive regulations and […]
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