United Arab Emirates Archives

Like Hong Kong, UAE wants to become digital currency capital of the world too

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17 June, 2023

Like Hong Kong, UAE wants to become digital currency capital of the world too

The ambitious plan will see the United Arab Emirates moving 50% of all government transactions to the blockchain, a clear...

Binance gets more time to protest US exchange asset freeze

Business

Steven Stradbrooke

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14 June, 2023

Binance gets more time to protest US exchange asset freeze

U.S. District Judge Amy Berman Jackson has given the parties until 5 p.m. on June 15 to report back on...

Hong Kong, UAE to develop digital asset regulations, boost financial cooperation

Business

Wahid Pessarlay

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6 June, 2023

Hong Kong, UAE to develop digital asset regulations, boost financial cooperation

The central banks of the UAE and Hong Kong forge closer ties in regulating digital assets as part of their...

3AC founders draw ire of Dubai regulator over new project

Business

Wahid Pessarlay

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4 May, 2023

3AC founders draw ire of Dubai regulator over new project

VARA notes that OPNX crossed its radar in February when the project began collecting personal data from customers, and in...

BitOasis secures landmark MVP license in Dubai

Business

Wahid Pessarlay

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4 May, 2023

BitOasis secures landmark MVP license in Dubai

With the MVP license, BitOasis now has the right to provide broker-dealer services in Dubai to qualified retail and institutional...

UAE financial regulator wants VASPs register for licenses

Business

Wahid Pessarlay

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21 April, 2023

UAE financial regulator wants VASPs register for licenses

The Securities and Commodities Authority (SCA) disclosed that all VASPs in the UAE must submit applications for licensing with the...

Binance under regulatory fire in Australia and Dubai, CZ resigns Irish directorships

Business

Steven Stradbrooke

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10 April, 2023

Binance under regulatory fire in Australia and Dubai, CZ resigns Irish directorships

Binance is feeling the regulatory walls closing in as authorities question the reputational damage of appearing to approve of the...

UAE’s digital dirham rollout includes mBridge soft launch for cross-border transactions

Business

Wahid Pessarlay

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29 March, 2023

UAE’s digital dirham rollout includes mBridge soft launch for cross-border transactions

The Central Bank of the United Arab Emirates (CBUAE) is forging ahead with the development of its central bank digital...

India, UAE central banks collaborate on CBDCs with cross-border features

Business

Wahid Pessarlay

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19 March, 2023

India, UAE central banks collaborate on CBDCs with cross-border features

Building on their individual plans to improve the payments system, the central banks of India and the United Arab Emirates...

UAE academic taps BSV blockchain to display and protect its cultural heritage

Business

Steve Kaaru

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14 March, 2023

UAE academic taps BSV blockchain to display and protect its cultural heritage

Mohammed Al-Hemairy is leading the development of a Bitcoin SV-powered platform that seeks to protect UAE art and display it...

UAE adds new free-trade zone for digital asset firms

Business

Wahid Pessarlay

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5 March, 2023

UAE adds new free-trade zone for digital asset firms

The Emirati government's free-trade zone will serve as a hub to innovate firms focusing on blockchain and Web3 as the...

Abu Dhabi makes a foray into Web3 with $2 billion-backed initiative

Business

Wahid Pessarlay

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19 February, 2023

Abu Dhabi makes a foray into Web3 with $2 billion-backed initiative

Abu Dhabi sets its eyes on becoming a Web3 hub in the MENA region under its new project geared toward...

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