RAK DAO Launches DARe, a Legal Framework for Decentralized Autonomous Organizations
Ras Al Khaimah Digital Assets Oasis (RAK DAO), the world’s first Free Zone dedicated to digital asset companies, has introduced the DAO Association Regime (DARe), a pioneering legal framework tailored for Decentralized Autonomous Organizations (DAOs). This initiative strengthens the UAE’s leadership in Web3 innovation and solidifies RAK DAO’s position as a global hub for blockchain […]
Emirates NBD Becomes First Regional Bank to Join Partior, Pioneering Blockchain-Powered Payments
Emirates NBD, a prominent banking group in the MENAT region, has announced a strategic partnership with Partior, a blockchain-based platform for clearing and settlement, which aims to offer Emirates NBD’s clients around-the-clock availability and faster, more efficient payment flows. Through this partnership, Emirates NBD becomes the first regional bank to join the Partior network, enabling […]
Brevan Howard’s Crypto Trading Flourishes in UAE’s Regulatory Environment
During the AIM Summit in Dubai on Monday, Brevan Howard, a leading global hedge fund, revealed that a significant portion of its crypto trading operations is now carried out from the United Arab Emirates (UAE). This progress is attributed to the country’s “sensible regulations” and its openness to dialogue with the industry, as highlighted by […]
Global Leaders to Converge at Binance Blockchain Week Dubai 2024: New Speakers Announced
Binance, the global blockchain ecosystem behind the world’s largest crypto exchange by volume, has announced additional speakers for its annual flagship event, Binance Blockchain Week Dubai 2024, set to take place on October 30 and 31, 2023 at the iconic Coca-Cola Arena. Under the theme “Momentum”, this year’s event will bring together the brightest minds in […]
DIFC Courts Launches New Suite of Digital Services at GITEX Global 2024, including Digital Assets Will
The Dubai International Financial Centre (DIFC) Courts today announced the launch of a new suite of digital public services, including the Digital Assets Will. Unveiled at GITEX Global 2024, live demonstrations showcased new service platforms, accessibility, functionality, and security protocol features. A new edition to the current group of Wills Service offerings by the DIFC […]
Swiss Digital Excellence Meets the UAE Ambition: Leading Swiss Digital Consultancy Enters UAE
Today, what. AG, Switzerland’s leading digital consultancy, announced its strategic expansion into the United Arab Emirates by acquiring Pulsify Innovation Consultancy and its client portfolio, a respected local marketing & Web3 consultancy. By establishing a cross-regional bridge between Europe and the Middle East, this move highlights what. AG’s commitment to enabling bold SMEs with global growth ambitions. […]
UAE Tops 2024 List of World’s 5 Most Crypto-Friendly Countries
As cryptocurrency continues to reshape digital assets and investments, nations worldwide are racing to position themselves to capitalize on the growth of this transformative industry. Therefore, some countries have created robust regulatory frameworks and tax policies to foster innovation and attract crypto-based startups. Social Capital Markets’ latest report shines a spotlight on the top crypto-friendly […]
First AED Stablecoin Backed by Al Maryah Community Bank Receives Initial Approval from CBUAE
AED Stablecoin LLC has announced that it has received in-principal approval from the Central Bank of the UAE to launch its own currency, AE Coin, which reflects the government’s innovative vision and commitment to the UAE Digital Government Strategy 2025. Backed by Al Maryah Community Bank, this approval aligns with the “Payment Token Services Regulation” […]
OKX Secures Derivatives VASP License from VARA
In a significant achievement for OKX, the global cryptocurrency exchange has secured its full Virtual Asset Service Provider (VASP) license from Dubai’s Virtual Assets Regulatory Authority (VARA). This announcement was made by OKX Middle East General Manager Rifad Mahasneh during the company’s gala event at the Museum of the Future, titled “A New Alternative for […]
VARA Cracks Down on Seven Unlicensed Firms to Safeguard Dubai’s Virtual Asset Ecosystem
The Virtual Assets Regulatory Authority (VARA) is continuing its enforcement actions to protect Dubai’s virtual asset ecosystem by targeting unlicensed firms operating within its jurisdiction. As part of a broader enforcement initiative, VARA has issued cease-and-desist orders and fines to seven entities for operating without the required licenses and violating marketing regulations. Additional investigations are […]