Key Takeaways Three of Abu Dhabi’s financial powerhouses are preparing to launch a new digital currency pegged to the UAE dirham. The stablecoin project is being developed by ADQ, the Emirate’s sovereign wealth fund; First Abu Dhabi Bank (FAB), the…
Key Takeaways Crypto exchange Bybit has taken a significant step toward securing a full operational license in the United Arab Emirates (UAE) after receiving in-principle approval (IPA) from the country’s Securities and Commodities Authority (SCA) on February 18, 2025. This…
Key Takeaways Leading European crypto firm, Bitpanda has secured in-principle approval from the Virtual Assets Regulatory Authority (VARA) in the United Arab Emirates (UAE). This approval allows the company to operate in the UAE under the name Bitpanda Broker MENA…
The Central Bank of the United Arab Emirates (UAE) and the Reserve Bank of India (RBI) have decided to work together on cross-border central bank digital currency (CBDC) transactions for commerce and remittances.
Key Takeaways The Ras Al Khaimah Digital Assets Oasis (RAK DAO), a specialized free economic zone in the United Arab Emirates, is set to introduce a legal framework for decentralized autonomous organizations (DAOs). The new regulatory guidelines will be unveiled…
Key Takeaways The Central Bank of the United Arab Emirates (CBUAE) has given in-principle approval for an AED stablecoin, marking a significant step toward incorporating digital currencies into the nation’s financial ecosystem. The stablecoin pegged to the UAE dirham, it…
Singapore is leading the world in the adoption of crypto, closely followed by Hong Kong and the United Arab Emirates.
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The financial authority of Abu Dhabi intends to oversee stablecoins, known as fiat-referenced tokens (FRTs), in response to requests from interested parties for their issuance.
Key Takeaways Seoul-based crypto investment firm Hashed Ventures is expanding its footprint by partnering with Abu Dhabi’s global tech ecosystem, Hub71. This strategic move aims to tap into the burgeoning opportunities in the United Arab Emirates (UAE) and support the…
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