UAE-based Emirates Coin Investment LLC (EmCoin) has achieved a significant milestone by becoming the first investment platform in the region to be regulated by the Securities and Commodities Authority (SCA). This development allows EmCoin to offer investment opportunities in both digital assets and traditional financial assets, including global equities, commodities, and Initial Coin Offerings (ICOs)...
Ripple has announced that its stablecoin, RLUSD, has received approval as a recognized crypto token by the Dubai Financial Services Authority (DFSA) for use within the Dubai International Financial Centre (DIFC). This approval solidifies RLUSD’s reputation as a trusted, enterprise-grade stablecoin, emphasizing regulatory compliance, utility, and transparency. RLUSD stands out as one of the few...
Fresh digital asset regulations in the UAE are set to encourage further tokenisation and the introduction of more complex cryptocurrency-related products, according to analysts. Tokenisation involves creating and trading digital tokens that are backed by real-world assets like real estate, gold, or art on a blockchain, facilitating direct and verifiable peer-to-peer transactions. Dubai’s crypto regulator,...
BitGo, a prominent digital asset infrastructure provider, has introduced its Crypto-as-a-Service (CaaS) platform in Dubai. This new offering allows financial institutions, FinTech companies, and enterprises to easily integrate cryptocurrency functionality into their existing products. The platform streamlines the process for businesses to provide crypto trading, transfers, and staking services while ensuring high standards of security...
du, the leading telecom and digital services provider, has announced its role as the headline sponsor of Crypto Expo 2025, which is set to be the premier event for cryptocurrency and blockchain in the region. Scheduled for 21–22 May at the Dubai World Trade Centre, the Expo aims to serve as a key platform for...
Ripple has significantly enhanced its presence in the United Arab Emirates by partnering with two new entities: Zand Bank and fintech firm Mamo, both of which will utilize Ripple’s blockchain-based cross-border payments platform. This strategic move aims to facilitate faster and more cost-effective international transfers using advanced blockchain technology. According to a press release from...
Bitcoin continues to dominate global markets, and a significant indication of this trend comes from Abu Dhabi. The sovereign wealth fund Mubadala has officially announced an investment of $408.5 million in the iShares Bitcoin Trust (IBIT) managed by BlackRock. This move strengthens Bitcoin’s position as a strategic financial asset for institutional investors, revolutionizing the traditional...
Dubai, UAE: The 7th edition of Crypto Expo Dubai is scheduled for May 21–22, 2025, at Zabeel Hall 6 in the Dubai World Trade Centre. This event is a significant gathering for the international blockchain and cryptocurrency ecosystem, promising two days filled with innovation, networking opportunities, and insights into the future of decentralized finance in...
Dubai’s Department of Finance has entered into an agreement with Crypto.com, a global cryptocurrency trading platform, to facilitate the payment of government service fees using cryptocurrency. This agreement was formalized through a Memorandum of Understanding signed at the Dubai FinTech Summit, where senior officials were present. Once the new system is implemented, both individuals and...
Bybit, recognized as the world’s second-largest cryptocurrency exchange by trading volume, has entered into a multi-year strategic partnership with Ghaf Labs, a Web3 advisory and consultancy firm based in the Middle East and North Africa (MENA). The two organizations have signed a Memorandum of Understanding (MOU) aimed at promoting cryptocurrency adoption, developing the ecosystem, and...