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Standard Chartered, a licensed crypto custodian in the UAE, has partnered with OKX to introduce a collateral mirroring program. This initiative, operating under the regulatory framework of Dubai’s Virtual Asset Regulatory Authority (VARA), allows institutional clients to use crypto and tokenized money market funds as off-exchange collateral for trading. According to MSN, the pilot program...
Abu Dhabi will host the second edition of the Bitcoin Middle East and North Africa (MENA) Conference in December, as announced by ADNEC Group through its subsidiary, Capital Events. This event aims to gather industry experts and enthusiasts to discuss trends and developments in the cryptocurrency sector. The conference is set to focus on the...
The ZIGChain Summit in Dubai is set to gather prominent figures in the Web3 sector, which could significantly influence ZIGChain’s market price. This event aims to bring together builders, investors, and innovators, potentially paving the way for new partnerships and projects on the ZIG platform. As collaborations and announcements emerge from the summit, they may...
Oasis Protocol is set to participate in TOKEN2049 Dubai, which will be held on April 29. The Oasis team will join both the main conference and various side events during this significant gathering in the blockchain and cryptocurrency sector. Notable events they will attend include the Afternoon TEE Party, LFG Summit, and DefaiCon. Following these...
WEEX has officially opened its international office in Dubai’s central financial district, marking a significant step in its global strategy. The company joins other major exchanges like Bybit, OKX, and Bitget in establishing a physical presence in Dubai, which is recognized as the most dynamic crypto hub in the Middle East. The decision to expand...
The United Arab Emirates has emerged as a global leader in cryptocurrency adoption, showcasing a remarkable 41% year-on-year increase in crypto app downloads, which totaled 15 million in 2024. In a striking development, the nation recorded 3.55 million installations of crypto applications in January 2025 alone, highlighting a strong and growing interest in digital assets....
Sonic Labs has decided to cancel its plans for a US dollar-pegged algorithmic stablecoin and is now focusing on developing a stablecoin denominated in United Arab Emirates dirhams. This strategic shift was announced after co-founder Andre Cronje had previously mentioned the potential for a US dollar stablecoin with an annual percentage rate (APR) of up...
The UAE continues to lead the MENA region in cryptocurrency adoption, with a notable 42 percent increase this year. This growth has introduced a modern twist to the beloved tradition of Eidiya, which involves gifting money to younger family members during Eid al-Fitr. The practice is being reimagined in the digital age, allowing recipients to...
BitPanda, a regulated crypto assets platform based in Europe, has successfully acquired a crypto brokerage license from Dubai’s Virtual Assets Regulatory Authority (VARA). According to MSN, this new license allows BitPanda to extend its services to both retail and institutional investors in the MENA region, marking a big step in its international expansion. With this...
The Central Bank of the UAE (CBUAE) has officially launched a new Dh100 banknote, which is now in circulation as of March 24, 2025. This new currency is made from polymer and features innovative designs along with advanced security elements aimed at enhancing consumer confidence. The new Dh100 banknote will circulate alongside the existing Dh100...