Dubai
Dubai Grants First Broker-Dealer MVP Operational License to BitOasis
BitOasis is the first Middle Eastern crypto exchange licensed by Dubai's VARA for broker-dealer MVP. The firm is the only broker-dealer to complete VARA's MVP…
Binance Faces Crypto Regulation in Dubai in Addition to the US
Dubai’s VARA has requested Binance to submit the details regarding its business requirements. The city’s move is to approach crypto innovation with stringent regulations. The…
Crypto Millionaires Drive Up Rental Costs in Dubai’s Property Market
Dubai's property market surged due to crypto high-net-worth individuals. The average annual rent for a single-family villa jumped 26% to $80,436. Last summer in Dubai,…
UAE Bank Launches Financial Infrastructure Transformation Program
The Central Bank of the UAE launches Digital Financial Initiatives via Financial Infrastructure Transformation Programme (FIT). The FIT program includes nine key digital finance initiatives…
Dubai Mandates Licensing for Crypto Firms in New Regulatory Rule
Dubai regulatory body issues rules for crypto firms covering exchange services and advertising. The penalty for non-compliance is a fine between $5,400 and $54,451.32. The…
Only Nigeria in Africa Ranks Among the Top 15 World Crypto Hubs
Recap ranked London with the greatest crypto-readiness to attract firms and startups. The indicators include crypto-related jobs, BTC ATM count, and crypto ownership. Only one…
Dubai Second Most Crypto-Ready City In The World: Ranked By Recap
A study by Recap placed Dubai as the second most crypto-ready city globally. The report had London in the first position due to its thriving…
Crypto Has a Major Role in UAE’s Global Trade; Says Al-Zeyoudi
Thani Al-Zeyoudi, the MoS for Foreign Trade, declared that crypto would have a major role in the UAE’s global trade. He added that UAE aspires…
DMCC Hails 2022 as the Best-ever Year; Registers 3049 Members
DMCC declared 2022 as the best-ever year as it registered newer businesses. In 2021, the company registered 2,485 members, while in 2022, it registered 3,049…
Crown Prince of Dubai Approves Metaverse Strategy’s New Phase
Sheikh Hamdan bin Mohammed approved the new phase of the Dubai Metaverse Strategy.This move could turn Dubai into a top metaverse economy, enhancing the digital…
