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 ...
In a bold move to cement the UAE’s position in the global blockchain arena, three of Abu Dhabi’s most influential institutions are collaborating to launch a dirham-pegged stablecoin pending regulatory approval. The coalition includes ADQ, the Emirate’s sovereign wealth fund; First Abu Dhabi Bank (FAB), the country’s largest bank; and ...
The Central Bank of the United Arab Emirates (CBUAE) has officially approved the use of Web3 insurance solutions, signalling a major milestone for blockchain adoption in the region. This move positions the UAE as a leader in integrating decentralised technologies within its financial sector. On Tuesday, April 16, the CBUAE ...
Sheikh Tahnoon Bin Zayed Al Nahyan, the United Arab Emirates’ national security adviser, recently met with key figures in President Donald Trump’s administration to discuss artificial intelligence, digital currencies, and investment opportunities between the two nations. In a March 20 post on X, Sheikh Tahnoon revealed that he had spoken ...
Bybit is advancing toward securing a full operational license in the United Arab Emirates (UAE) following recent regulatory approval despite facing one of the largest crypto hacks in history. On February 27, Bybit announced that it had received in-principle approval from the UAE’s Securities and Commodities Authority (SCA) to establish ...
According to data from app analytics platform AppsFlyer, 2024 cryptocurrency app adoption in the United Arab Emirates saw a significant increase, with downloads of the top 49 crypto apps rising from 6.2 million in 2023 to 15 million, a 41% growth. This trend was especially notable in the year's second ...
