Bahrain has made history by becoming the first Gulf nation to introduce a dedicated regulatory framework for stablecoins, marking a significant advance over its regional counterparts as governments in the Middle East consider how to regulate digital finance. This new set of rules, implemented by the Central Bank of Bahrain, aims to provide clarity in...
DeFi Technologies, a financial technology firm that connects traditional capital markets with decentralized finance (DeFi), has officially launched its operations in the UAE. This move marks the company’s expansion into the Gulf Cooperation Council (GCC) and Middle East and North Africa (MENA) regions, following the registration of its subsidiary, DEFI DMCC, with offices located in...
Hut 8 (NASDAQ:HUT) has officially registered to open a new office in Dubai, which is becoming a favored location for the cryptocurrency industry due to its favorable business taxation and regulatory environment. This strategic move aims to improve the company’s capital strategy, according to a report by Bloomberg News. CEO Asher Genoot stated in an...
Aqua 1, a Web3 fund registered in the UAE, has committed $100 million to the World Liberty Fi (WLFI) token. This significant investment will allow Aqua 1 to join the governance of World Liberty Fi just before the anticipated transition to transferable WLFI tokens begins. The investment marks a substantial addition to Aqua 1’s holdings,...
Global crypto investment funds have achieved a significant milestone, continuing their winning streak for the ninth consecutive week and drawing in $1.9 billion in new inflows, as reported by CoinShares. This marks the highest year-to-date total for digital asset funds, which now stands at $13.2 billion for 2024. For investors in the UAE, this trend...
The Dubai Multi Commodities Centre (DMCC) has announced that Bitcoin.com, a prominent leader in the cryptocurrency sector, is setting up its regional headquarters in Dubai. This move marks a significant step for both DMCC and Bitcoin.com, solidifying Dubai’s position as a global hub for digital currencies. DMCC is recognized as a leading international business district...
The Financial Services Authority (FSRA), the regulatory arm of Abu Dhabi Global Market (ADGM) located in Abu Dhabi, has announced amendments to its digital asset regulatory framework. These changes are effective immediately, according to a press release from the FSRA. The amendments come after extensive industry engagement and feedback on Consultation Paper No. 11 of...
Abu Dhabi will host the second edition of the Bitcoin MENA conference in December 2025, following the success of the inaugural event held in December 2024. The conference is a collaborative effort between ADNEC Group and BTC Inc Group, aiming to bring together industry leaders and enthusiasts in the cryptocurrency sector. Credit: WAM The 2024...
Ctrl Alt, a tokenization infrastructure platform, has announced that it has obtained a virtual asset broker-dealer license and an issuer license from Dubai’s Virtual Assets Regulatory Authority (VARA). As of May 1, 2025, Ctrl Alt has successfully tokenized over $295 million in various assets, including real estate, private credit, funds, and litigation finance. According to...
Ripple’s stablecoin, RLUSD, has received official approval from the Dubai Financial Services Authority (DFSA) for use within the Dubai International Financial Centre (DIFC). This announcement was made by Ripple on Tuesday, marking a significant step for the cryptocurrency in the region. The DFSA’s approval allows RLUSD to be utilized by Ripple and other businesses that...