uae crypto – DIGIT INFO

DWF Labs shifts base to Abu Dhabi to strengthen Middle East presence

DIGIT — Mon, 02 Dec 2024 18:24:36 +0000

DWF Labs is already a resident of Dubai’s Dubai Multi Commodities Centre. It wouldn’t be the first crypto firm to have a presence in both emirates, however.

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UAE’s RAKBANK teams up with Bitpanda on digital asset platform for residents

DIGIT — Mon, 19 Aug 2024 09:47:34 +0000

The new digital asset management platform still requires the approval of the Central Bank of the United Arab Emirates.

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Binance eyes United Arab Emirates as ‘focal point’ for future operations

DIGIT — Mon, 26 Jun 2023 06:38:00 +0000

Binance Dubai general manager Alex Chehade says there are plenty of good reasons why the UAE will become the world’s next major crypto hub.

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Crypto Will ‘Play a Major Role’ in UAE Trade Going Forward, Minister Says

DIGIT — Tue, 24 Jan 2023 01:00:39 +0000

The United Arab Emirates (UAE) minister of state for foreign trade says that cryptocurrency “will play a major role for UAE trade going forward.” He stressed: “The most important thing is that we ensure global governance when it comes to cryptocurrencies and crypto companies.” Crypto to Play a Major Role in the UAE United Arab […]

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UAE Prepares to Launch Nationwide Crypto Licensing System in Line With Global Standards

DIGIT — Sat, 19 Feb 2022 06:30:26 +0000

The United Arab Emirates (UAE) is getting ready to start issuing federal licenses to cryptocurrency service providers in the first quarter. The UAE crypto regulation will take a hybrid approach. The government hopes that a nationwide crypto licensing system will attract big companies to the region. UAE Prepares to Regulate Crypto Sector Nationwide The United […]

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UAE to Jail Promoters of Fraudulent Cryptocurrency Schemes for Five Years, Offenders to Pay Over $270K in Fines

DIGIT — Sun, 26 Dec 2021 20:30:15 +0000

Fraudsters promoting online cryptocurrency scams in the United Arab Emirates (UAE) now face a possible five-year jail sentence plus a fine of up to $272,000, according to a report. The new measures, which are set to take effect on January 2, 2022, are part of the government’s effort to protect people from online scams. New […]

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UAE Central Bank Unveils Plan to Launch Digital Currency

DIGIT — Tue, 13 Jul 2021 23:00:46 +0000

The Central Bank of the United Arab Emirates has unveiled its plan to launch a digital currency as part of its 2023-2026 strategy to become one of the world’s top 10 central banks. A growing number of central banks worldwide are working to launch central bank digital currencies (CBDCs). The Central Bank of the United […]

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