The United Arab Emirates (UAE) has taken a significant step towards solidifying its position as a global leader in virtual assets. A new cooperation agreement between the Securities and Commodities Authority (SCA) and Dubai’s Virtual Assets Regulatory Authority (VARA). The agreement was signed in September 2024 at the SCA’s Dubai
The United Arab Emirates has requested the French government to provide Telegram founder Pavel Durov with all consular services urgently following his arrest in Paris. The Ministry of Foreign Affairs stated, “Caring for citizens, preserving their interests, following up on their affairs, and providing them with all the aspects of
Investors in the cryptocurrency market have taken notice of the latest declaration from top stablecoin issuer Tether. The USDT issuer recently announced plans to create and release a stablecoin linked to the UAE dirham in an X post. Taking advantage of the increasing use of blockchain technology in the Middle
The National Bank of Ras Al Khaimah (RAKBANK) has announced a strategic partnership with Bitpanda Technology Solutions. The partnership led to the launch of a new digital asset management platform for residents of the United Arab Emirates (UAE). The initiative, pending approval from the Central Bank of the UAE (CBUAE),
US-based cryptocurrency firm Ripple announced a partnership with the Dubai International Financial Centre (DIFC) Innovation Hub. The partnership aims to promote blockchain and digital asset innovation in the UAE. The firm has made several advancements toward global expansion in the past few months. According to Ripple’s press release, the DIFC
The excitement is building up as we near Agora Group’s 13th GBC, co-hosted by TdeFi, at Sofitel, the Palm – Dubai, UAE. The 13th GBC is a celebration of the combined influence of our staff, clients, partners, and investors who continue to demonstrate their solid faith in the future of
First steps toward a central bank digital currency (CBDC) strategy are being developed by the Central Bank of the United Arab Emirates (CBUAE). Both retail and wholesale applications of CBDC are being considered. On March 23, the CBUAE and R3 and G42 Cloud, a division of the UAE-based AI holding
As part of its ongoing global expansion, crypto firm Paxos recently obtained two preliminary approvals in Abu Dhabi. On Wednesday, Paxos said that the Financial Services Regulatory Authority in the Abu Dhabi Global Market (ADGM) had given the firm two in-principle permissions to issue stablecoins and provide crypto brokerage and
The United Arab Emirates (UAE) has granted eToro a Financial Services Permission (FSP) license, allowing the global trading and investing platform to begin operations. The Abu Dhabi Financial Markets Authority (ADGM), located in the capital of the UAE, is a worldwide financial hub. They granted eToro Financial Services Permission (FSP),
One of the Emirates of UAE, Ras Al Khaimah, is taking deliberate effort to broaden its financial landscape. The RAK Digital Assets Oasis (RAK DAO) is a new free zone in the emirate that aims to support and promote the digital and virtual asset industry. The goal of this project
