Laser Digital Receives First VASP License from VARA, 6 More to be Granted in the Coming Weeks
The Virtual Asset Regulatory Authority (VARA) of Dubai has embarked on a bustling summer, preparing for a series of momentous milestones in the virtual asset industry. Fresh off the heels of granting the Operational Minimum Viable Product (MVP) license to Binance FZE, the Regulatory Authority has also granted, today, the first VASP license to Laser […]
Binance FZE Becomes the First Virtual Asset Exchange to Secure Operational MVP License from VARA
Binance FZE, a Dubai-based subsidiary of a prominent global blockchain services provider, has made a big announcement today. In fact, it has become the first exchange to receive the Operational Minimum Viable Product (MVP) license from Dubai’s Virtual Asset Regulatory Authority (VARA). This milestone follows VARA’s issuance of the preparatory MVP License to Binance in […]
Hong Kong Central Bank Partners with Saudi Arabia Amid UAE’s Booming Crypto Industry
Hong Kong Monetary Authority (HKMA) and Saudi Central Bank (SAMA) have established a significant financial collaboration through a Memorandum of Understanding (MoU). Building on their successful partnership with UAE Central Bank, HKMA aims to further enrich financial services and foster innovations. On July 26, a bilateral meeting was held between SAMA and HKMA to bolster […]
Brinc Announces 25 Global Startups for its Summer 2023 Web3 Accelerator Cohort, Featuring Four UAE-based Companies
Brinc, a leading global venture accelerator, announces the launch of its Summer 2023 Web3 cohort — with four of the 25 international startups selected based out of the UAE. The Web3 accelerator program, run virtually, represents Brinc’s third cohort in Web3-startup acceleration, confirming its commitment to the incredible potential that blockchain technology and online ecosystems […]
UAE Experiences Crypto Wave, Dominating H1 2023 FinTech Deals
During the first half of 2023, the UAE witnessed a significant surge in the crypto sector, which accounted for 42% of all FinTech deals according to a research done by Fintech Global. However, overall FinTech deal activity in the UAE declined by 54% compared to the previous year, with a total of 24 deals. Moreover, […]
Etihad Airways Launches NFTs on Polygon Network
Etihad Airways, an internationally renowned airline established by UAE President Sheikh Khalifa bin Zayed Al Nahyan, is venturing into the world of NFTs by introducing its inaugural NFT on the Polygon network. This NFT initiative serves as a unique way for the airline to engage with its customers, offering exclusive blockchain-based services. Scheduled for minting […]
Crypto Oasis Ventures Expands in Dubai: New Venture Studio at DIFC Innovation Hub and MOU Signing
Crypto Oasis Ventures, the driving force behind the rapidly growing Blockchain ecosystem known as Crypto Oasis, has entered into a Memorandum of Understanding (MoU) with Dubai International Financial Centre (DIFC), a prominent financial hub in Dubai. Under the terms of the MOU, Crypto Oasis Ventures will provide expertise and support to DIFC’s Innovation Hub for […]
A Look Into the Groundbreaking Legislations Driving Dubai’s Digital Transformation
When H.H. Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of The Executive Council, launched Dubai’s new Digital Strategy, he unveiled an ambitious plan for turning Dubai into an international leader in the digital sector. Centred on seven key pillars including the digital city, digital economy, data and statistics, […]
UAE Emerges as Middle East’s Leading BTC Mining Hub, A Growing Focus on Block Reward Mining
A recent report highlights the United Arab Emirates (UAE) as the leading BTC mining hub in the Middle East, thanks to its growing focus on block reward mining. The UAE has emerged as a significant Web3, blockchain, and digital asset hub, attracting major players like OKX, BitOasis, and SmartLedger due to its favorable regulations. Luxor […]
The Rise of Cryptocurrency in the Luxury Sector: Exploring Its Impact on Real Estate, Luxury Travel, and Beyond
Cryptocurrencies have rapidly gained prominence as a digital asset class, with predictions suggesting that they will cover 20% of all payments in the luxury sector by 2023. This shift has sparked discussions about the influence of cryptocurrencies and blockchain technology on industries such as real estate, luxury travel, and beyond. In a recent webinar hosted […]