Thu, September 19

Bitgert (BRISE) Takes Giant Leap in Blockchain Development

In a series of developments, BRISE has unveiled an array of initiatives that are primed to initiate newer trends in the blockchain industry. From entering the electric vehicle (EV) market in the United Arab Emirates (UAE) to the launch of Oracle Web3 Testnet, BRISE has established innovative standards. ⚡️ BIG

September 14, 2023 2 mins read

Crypto Mining Firm Phoenix Technology Contemplates IPO in UAE

Cryptocurrency mining gear supplier and mining facility operator Phoenix Technology is contemplating an IPO as per a Bloomberg report. The article claims that preliminary discussions have been in place for an IPO for Phoenix in Abu Dhabi. The UAE-based firm signed a $650 million contract for mining rigs in 2021,

July 28, 2023 1 min read

UAE Grants License to Crypto Exchange Rain for Virtual Asset Services

Rain, a Middle Eastern cryptocurrency exchange, announced that its Abu Dhabi branch has been granted a license to provide brokerage and custody services for virtual assets in the UAE. Coinbase-backed Rain, located in Bahrain, has announced that its subsidiary in the Abu Dhabi Global Market financial freezone would soon provide

July 25, 2023 2 mins read

UAE Central Bank Issues New AML Guidelines for Crypto Sector

The UAE Central Bank has updated its regulations for financial institutions. To follow in order to prevent money laundering and the funding of terrorism in connection with digital currencies and NFTs. New anti-money laundering and counter-terrorism funding criteria for financial institutions are being adopted. This is being done by central

June 1, 2023 1 min read

Central Bank of UAE Expands Collaboration to Strengthen Financial Ties

The United Arab Emirates has set its sights on developing itself as a crypto hub. Recently, the UAE has taken lots of initiatives to establish this goal. Following that, the Central Bank of the United Arab Emirates (CBUAE) has plans to enhance its collaboration with the Hong Kong Monetary Authority

May 30, 2023 1 min read

Ripple’s (XRP) Price is Sailing in the Green?

Ripple (XRP) is gaining a fresh push in the trading price after a two weeks decline. In the last 24 hours, the coin has witnessed a 1.38% surge. This may not seem huge, but the start is bringing positive momentum among XRP holders. As the week began, major cryptos like

May 10, 2023 2 mins read

UAE Gains Credit From Coinbase CEO

United Arab Emirates (UAE) country has again impressed a well-known crypto market person. Coinbase’s CEO, Brian Armstrong, made a positive remark about the nation’s crypto growth potential. Something Big is coming 🚀🚀🚀#Coinbase in Dubai ❤️😀 https://t.co/qtaFWMzgpU — Rohit M (@rohitcryptogeek) May 8, 2023 In his tweet, Brian mentions the UAE

May 8, 2023 1 min read

UAE Introduces New Bill for 100% Tax Exemptions in Free Zone

The United Arab Emirates (UAE) is proposing a new bill to create a decentralized economy for its free zones with 100% tax exemptions. This move aimed at attracting foreign investment and boosting economic growth in the region. 🇦🇪 UAE proposes bill to create a decentralized economy for its free zone

April 23, 2023 1 min read