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 ...
Gemini has set its sights on obtaining a crypto service license in the United Arab Emirates (UAE), signaling its commitment to expanding its services in the region. 1/ We’re coming to the UAE! 🇦🇪 We’re thrilled to announce that Gemini will soon begin the process of acquiring a crypto license ...
The Central Bank of the United Arab Emirates (CBUAE) has announced new guidelines on anti-money laundering and counter-terrorism financing for financial institutions involved in transactions with virtual assets, including cryptocurrencies and non-fungible tokens (NFTs). The Guidance will assist LFIs’ understanding of risks and effective implementation of their statutory AML/CFT obligations, ...
The Central Bank of the United Arab Emirates (CBUAE) and the Hong Kong Monetary Authority (HKMA) held a meeting on May 30, 2023, to discuss collaboration in the development of financial technology and cryptocurrency regulations. The goal of this meeting was to strengthen cooperation and provide the groundwork for collaborative ...
