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...
Sophos, a global leader in innovative security solutions, has announced plans to open a new data center in the UAE by the end of the year. This initiative aims to strengthen cybersecurity performance, ensure data sovereignty, and enhance regulatory compliance for regional organizations. The expansion aligns with Sophos’ broader investment strategy in the region and...
Abu Dhabi Global Market (ADGM), the primary International Financial Centre (IFC) in the capital of the UAE, has officially signed a Memorandum of Understanding (MoU) with Chainlink, a leader in on-chain finance. This partnership is a significant advancement in developing compliant frameworks for tokenization. The collaboration aims to support innovative projects under ADGM’s Registration Authority...
XTB, a global fintech company, has announced the opening of its new office in One Central (Offices 5) at the Dubai World Trade Centre. This expansion is a significant move for XTB as it aims to enhance its services for investors in the Middle East. The opening coincides with recent regulatory milestones, including the new...
The Abu Dhabi Registration and Licensing Authority (ADRA) has announced significant progress in consumer and commercial protection for the year 2024. According to a report from the Abu Dhabi Media Office, the resolution rate for consumer complaints against economic establishments reached 90 percent, an increase from 83.4 percent in 2023. This improvement highlights ADRA’s commitment...
The Virtual Assets Regulatory Authority (VARA) in Dubai gave Mantra Finance a permission to be a Virtual Asset Service Provider (VASP). This important development allows Mantra Finance to expand its operations in the UAE and the wider MENA region, positioning itself as a key player in the digital asset market. Now that Mantra Finance has...