UAE
Ripple Expands to UAE: DIFC Partnership & $1B XRP Fund
Ripple expands to the UAE through a strategic partnership with DIFC. A whopping $1 billion XRP fund committed to accelerate blockchain development. UAE's crypto-friendly environment…
China, UAE Vow to Crack Down on Crypto-Enabled Crime in Joint Statement
China and UAE pledged to fortify the battle against crypto-related cybercrime. In a joint statement, they highlighted telecom fraud and online gambling as areas of…
UAE Witnesses a Massive Surge in Crypto Activity: Bitget Report
Daily active crypto users in the Middle East rose to 500K in Feb 2024. The UAE leads the Middle East in terms of crypto adoption.…
Klumi Ventures Licensed To Invest in Web3 Startups Across the UAE
Klumi Ventures has received a financial license to invest in tokens and equity in early-stage Web3 startups. The renowned VC is the first Web3 venture…
Bitcoin Becomes the Most Preferred Cryptocurrency in the UAE
The United Arab Emirates secured the second rank in crypto investment gains in 2023 among the GCC nations. With a gain of $204 million, the…
UAE’s FSRA Strengthens Crypto Regulations in Latest AML Update
The Financial Services Regulatory Authority (FSRA) in the UAE updates Anti-Money Laundering (AML) and Sanctions Rules. The AML Rulebook aims to strengthen measures against money…
CZ Notices Crypto Enthusiasts Gravitating Towards UAE or Bahrain
Binance CEO notes growing interest in UAE and Bahrain among crypto enthusiasts. The crypto community debates the favorable regulations in the Middle East compared to…
UAE Unveils ‘Responsible Metaverse’ Governance Framework, CZ Reacts
UAE introduces "Responsible Metaverse Self-Governance Framework" in collaboration with Dubai's Department of Economics. Binance CEO Changpeng Zhao supports the UAE's regulatory outlook, signifying the crypto…
UAE Crowns as the Prime Destination of Bitcoin Mining
The United Arab Emirates has been emerging as a BTC mining hub. The BTC mining expert Jaran Mellerud stated that UAE’s partnerships with mining firms…
UAE Unveils Crypto Anti-Money Laundering Guidance Taking Effect June
UAE Central Bank tightens regulations with new guidelines for virtual assets. The rules are for anti-money laundering and counter-terrorism financing concerns. It applies to banks,…
