Binance Partners with TOKEN2049 to Elevate Blockchain Innovation in UAE
Binance, the world’s largest cryptocurrency exchange by trading volume and users, has announced a strategic partnership with TOKEN2049, a leading global events platform for digital asset professionals and enthusiasts. TOKEN2049 is renowned for hosting premier events centered around cryptocurrency, blockchain, and decentralized technologies in both Dubai and Singapore, where industry founders and executives share their […]
MultiBank Receives a VASP License from Vara
MultiBank Group, a leading financial traditional derivatives institution based in Dubai, has officially launched its UAE operations through its subsidiary MEX Digital FZE. The subsidiary has secured a Virtual Assets Regulatory Authority (VARA) license under the MultiBank.io brand. MultiBank.io is the regulated cryptocurrency exchange under MultiBank Group, offering a user-friendly platform for instant, secure trading […]
National Bank of Bahrain (NBB) Launches GCC’s First Bitcoin-Linked Structured Investment
The National Bank of Bahrain (NBB) has unveiled the GCC’s first Bitcoin-linked Structured Investment, in partnership with ARP Digital. The announcement was made during a special ceremony at Fintech Forward 2024, marking a significant milestone for Bahrain’s financial sector and the wider region. This innovative investment product is tailored exclusively for accredited investors, allowing them […]
RAK DAO Celebrates One-Year Milestone with 2024 Conference on Blockchain and Web3 Innovation
RAK Digital Assets Oasis (RAK DAO), the world’s first and only Free Zone with Common Law features dedicated to digital assets firms, is marking its one-year anniversary by hosting the RAK DAO 2024 Conference on October 25, 2024, at the Al Hamra International Exhibition and Convention Center in Ras Al Khaimah. This landmark event will […]
DMCC and CV VC Partner to Enhance Regional Web3 Ecosystems
The Dubai Multi Commodities Centre (DMCC) has formed a new strategic collaboration with CV VC, one of Switzerland’s top early-stage blockchain venture capital firms. This agreement was signed at the annual CV Summit 2024, Switzerland’s premier blockchain and Web3 event, which brought together thousands of industry leaders and entrepreneurs in Zug this week. The partnership […]
Bitcoin Drops Amid Escalating Middle East Tensions: Investors Seek Safe Havens
Cryptocurrencies experienced a significant drop during the U.S. session on Tuesday as escalating tensions in the Middle East prompted investors to move away from riskier assets. Bitcoin (BTC), the largest digital asset by market cap, initially rose to around $64,000 during European trading before quickly falling to $62,500 after Axios reported indications from the White […]
DFSA Releases a Detailed Explainer on the Regulation of Crypto Tokens
The Dubai Financial Services Authority (DFSA) has released a detailed explainer on the Regulation of Crypto Tokens, originally established in 2022. The DFSA set out to regulate crypto businesses with the intention of fostering innovation in a measured, responsible, and transparent manner, all while meeting regulatory objectives. The DFSA’s Crypto Token regime provides a clear […]
UAE Emerges as AI Hub Amid U.S.-China Tech Race
As the competition between U.S. and Chinese tech giants heats up in the field of artificial intelligence (AI), Arab nations, particularly the UAE and Saudi Arabia, are positioning themselves to attract these companies and benefit from their advanced expertise in this critical sector. The technology landscape is evolving rapidly, with global companies racing to develop […]
Ripple Secures In-Principle Approval as First Blockchain-Powered Payment Provider Licensed by DFSA
Leading provider of digital asset infrastructure,Ripple, has received in-principle approval from the Dubai Financial Services Authority (DFSA) to expand its operations in the Dubai International Financial Centre (DIFC). This remarkable milestone strengthens Ripple’s position as a regulated entity and enables the launch of its cross-border payment service, Ripple Payments Direct (RPD), in the United Arab […]
Matthew White on VARA’s Approach to Crypto Regulation
In a recent interview with Henri Arslanian and May Ben Khadra on CNBC Arabia TV, Matthew White, CEO of Dubai’s Virtual Assets Regulatory Authority (VARA), provided insights into VARA’s approach to crypto regulation and its unique role as the world’s first independent regulator dedicated to virtual assets. VARA’s framework has quickly gained global attention for […]