Tag: UAE

Revolut has taken another step toward launching cryptocurrency services in the United Arab Emirates after receiving in-principle approval from Dubai's Virtual Assets Regulatory Authority (VARA). The approval allows the fintech company to move forward with plans to offer regulated virtual asset services in Dubai, although it must still obtain final ...

Quick Breakdown  EmCoin and Crypto.com’s collaboration enhances crypto trading and liquidity access for UAE users. Partnership explores tokenization of EmCoin’s real-world assets using blockchain technology. Initiative reinforces regulated, secure, and transparent digital asset adoption in the UAE.   Emirates Coin Investment LLC (EmCoin), the UAE’s first SCA-licensed virtual asset platform, ...

As the global crypto industry matures and shifts toward regulation, nations are jockeying for position as the world’s leading crypto hub. But what is a crypto hub exactly? It’s not just a regulatory safe haven; it’s a dynamic intersection of innovation, investor confidence, institutional participation, and public-private collaboration. Among the ...

Quick Breakdown: With clear regulations (VARA, ADGM), tax incentives, and pro-innovation policies, Dubai and Abu Dhabi are positioning crypto as the nation’s second-biggest sector after oil. Scaling crypto could drive record FDI, fuel fintech startups, expand tokenized finance, create high-skilled jobs, and spill over into traditional finance and tourism. The ...

RAKBANK has launched a crypto brokerage service for retail customers through its mobile banking app, becoming the first conventional bank in the UAE to offer cryptocurrency trading. The service is powered by a partnership with Bitpanda, a regulated digital asset infrastructure provider. The new feature allows RAKBANK customers to buy, ...

Authorities in the United Arab Emirates have issued a joint statement refuting recent online claims suggesting that digital currency investors are eligible for the country’s coveted golden visa program. The clarification was made by three key government entities: the Federal Authority for Identity, Citizenship, Customs and Port Security (ICP), the ...

Ripple has expanded its operations in the UAE by onboarding Zand Bank and fintech firm Mamo to its blockchain-based cross-border payments platform. As confirmed in a May 19 press release, these partnerships reinforce Ripple’s broader strategy to deepen its presence across the Middle East. Ripple Payments momentum is building in ...

NeosLegal, the UAE's first crypto-native law firm, has launched the Founder’s Guide to UAE Crypto Laws, a groundbreaking legal resource designed for Web3 entrepreneurs. Officially unveiled at the VC Startup Connect event in Dubai, the guide seeks to demystify the legal complexities of the UAE’s rapidly developing crypto ecosystem. This ...

HashKey Group has officially expanded into the Middle East with the launch of HashKey Global MENA, following the approval of its Virtual Asset Service Provider (VASP) license from Dubai’s Virtual Assets Regulatory Authority (VARA). The license, granted to its operating entity HashKey MENA FZE, authorizes the company to provide Virtual ...

The United Arab Emirates (UAE) has officially approved Circle, the issuer of the popular USD Coin (USDC) stablecoin, as a licensed money services provider. This regulatory greenlight comes from the Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market (ADGM), the UAE’s leading international financial center. Circle’s new license ...