CLS Global has agreed to plead guilty to charges of fraudulent market manipulation and wire fraud following an undercover operation led by the U.S.’s Federal Bureau of Investigation (FBI). According to a plea deal announced on January 21, the United Arab Emirates-based crypto trading firm admitted to aiding in the ...
Mastercard has launched its Crypto Credential solution in the EEMEA region, beginning with the UAE and Kazakhstan. This initiative aims to enhance the accessibility and security of cryptocurrency transfers, marking Mastercard's entry into this market. The Crypto Credential service allows users to send and receive digital assets using simple aliases ...
Dubai will become the new operational hub for Deribit, a leading crypto options trading platform, as it prepares to launch spot and derivatives trading in the United Arab Emirates (UAE) on January 1, 2025. In a recent press release, the platform announced that it will migrate its operations and approximately ...
Ripple has received in-principle approval from the Dubai Financial Services Authority (DFSA) to expand its services within the Dubai International Financial Centre (DIFC). According its press release, Ripple plans to build on the approval by extending its enterprise-grade digital asset infrastructure and introducing cross-border payment services, including Ripple Payments Direct ...
The biggest stablecoin issuer Tether has announced plans to launch a new stablecoin tied to the United Arab Emirates’s dirham (AED). In a press release, on August 21, Tether announced that this new stablecoin will be launched in partnership with UAE-based Phoenix Group and Green Acorn Investments. The collaboration is ...
M2, a leading cryptocurrency exchange in the United Arab Emirates, has introduced a new service that enables the country's residents to directly purchase and sell Bitcoin and Ether using their bank accounts. According to a local report, users can now trade Bitcoin (BTC) and Ether (ETH) against the dirham through ...
Chainalysis has recently announced the establishment of its regional headquarters in Dubai for the Middle East, Southern Europe, Central Asia, and Africa. This move, according to its latest press release, demonstrates its commitment to recruiting skilled professionals in traditional finance, Web3.0 technologies, and regulatory compliance to operate from their regional ...
Phoenix Technology, a leading crypto mining hardware manufacturer, is reportedly in early discussions regarding a potential initial public offering (IPO) in the United Arab Emirates (UAE). The company's plans for an IPO in the UAE are still in the preliminary stages, and no concrete details have been confirmed yet. This ...
Binance has shifted its focus to the United Arab Emirates (UAE) as its primary target for future operations. Alex Chehade, the general manager of Binance Dubai, revealed this in an interview with Cointelegraph on Monday, June 26, 2023. According to Chehade, the exchange recognizes UAE's current administration's plans to establish ...
Binance recently announced that it had obtained the highly respected ISO 27001 and ISO 27701 certifications. These certifications, which focus on information security governance and privacy information management, were granted to Binance in three jurisdictions: France, Bahrain, and the United Arab Emirates (UAE). The external auditor responsible for assessing Binance's ...
