Abu Dhabi pioneers DLT regulation for DAOs and Web3 innovations
Abu Dhabi aims to become a crypto hub alongside Dubai, in a move that’s part of a larger goal to foster initiatives in the broader blockchain and digital asset realm. Go to Source
Dubai
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XRP, TON win approval in Dubai International Financial Centre free trade zone
The new tokens join the ranks of BTC, ETH and LTC for use by the 4,000-plus companies located in the zone, which is considering new legal measures as well. Go to Source
Dubai VARA grants ‘initial approval’ to crypto firm WadzPay
The license allows WadzPay to begin preparing to provide virtual asset services and activities under the VASP License for Transfer and Settlement and Broker/Dealer activities. Go to Source
Web3 wallet Backpack to launch VASP-licensed crypto exchange in Dubai
The Backpack exchange has bagged operational licenses across several jurisdictions worldwide over the past five months, according to the company announcement. Go to Source
OpenAI partners with G42 in Dubai eyeing Middle East expansion
The two companies said they plan to use OpenAI’s models in industries in which G42 has connections and experience, such as energy, finance, healthcare and public services. Go to Source
Middle East regulatory clarity drives crypto industry growth — Binance FZE head
UAE, Dubai and Bahrain continue to attract major cryptocurrency exchanges and businesses due to their progressive regulatory approaches. Go to Source
Solana becomes ecosystem partner of Dubai free zone
The Solana Foundation became an ecosystem partner for the Dubai Multi Commodities Centre, one of the free economic zones within the UAE. Go to Source
Nomura’s Laser Digital receives in-principal approval for operations in Abu Dhabi
The Japanese bank joins a rapidly growing number of digital asset firms operating in Abu Dhabi and the rest of the United Arab Emirates. Go to Source
How to buy Bitcoin in Dubai
Experience zero tax on crypto trades — find out how to buy Bitcoin in Dubai. Go to Source
Nomura, CoinShares, Ledger joint venture Komainu wins Dubai crypto license
Komainu attained the final step in VARA’s licensing process nearly 10 months after securing its MVP license in November 2022. Go to Source
