- MoU explores safe, regulated crypto access for Botim users across the United Arab Emirates.
- Binance deepens UAE presence after securing three major Abu Dhabi licences for 2026.
- UAE’s long-term blockchain strategy continues attracting global crypto companies and fintech players.
Botim Money and Binance have signed a memorandum of understanding to explore ways of offering customers in the United Arab Emirates access to digital assets, through channels that match local licensing and compliance rules, the companies said on Monday.
The agreement, signed during Binance Blockchain Week in Dubai, outlines early-stage discussions on combining Binance’s digital-asset infrastructure with Botim’s financial technology services. Both firms said the goal is to study how crypto products could be offered through regulated and secure channels.
UAE Focuses on Regulated Digital Finance Access
For the unversed, Botim Money is the financial services arm of Botim, one of the UAE’s most used communications and payments apps. The MoU includes plans to assess how simplified crypto access could fit within the UAE’s regulatory framework and support communities that have limited exposure to traditional banking.
Related: Abu Dhabi RWA Tokenization Grows with Mubadala Pilot And Galaxy Digital’s ADGM Launch
The MoU does not guarantee the launch of any products, and both firms said further evaluation with regulators will determine next steps.
Binance Deepens Its UAE Regulatory Rollout
Binance is expanding its regulated presence in the UAE after securing three key licences in Abu Dhabi that will allow it to run trading, custody and settlement services under the ADGM framework from January 2026.
Related: Binance Becomes First Global Exchange With Complete FSRA Approval In Abu Dhabi
The exchange is also forming new partnerships in the country, including working with Dubai Customs through Binance Pay for crypto duty payments.
Dubai’s Early Move Into Blockchain
The UAE has spent nearly a decade building itself into a major hub for digital-asset activity, supported by early regulation and a wide push for blockchain adoption. Dubai began shaping its strategy in 2016, when it launched the Global Blockchain Council. Two years later, the emirate set an ambitious target to move half of all government operations onto blockchain by 2021.
A Regional Magnet for Crypto Firms
Further steps followed. In 2019, authorities published the Dubai Blockchain Strategy. In 2022, the emirate introduced its virtual-asset law and created the Virtual Assets Regulatory Authority. By 2023, the Dubai International Financial Centre began issuing licences for AI and Web3 companies.
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