Dubai regulator demands Binance provide info on ownership, governance: Report
According to Bloomberg, the Dubai crypto regulator is also seeking similar details from other global crypto players. Go to Source Powered by WPeMatico
UAE
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Easy Way To Obtain Crypto License in Dubai: Gofaizen and Sherle Launches A New Service
PRESS RELEASE. Tallinn, Estonia – Gofaizen & Sherle, a leading fintech and crypto consultancy firm based in Estonia, has recently launched its first crypto product for the United Arab Emirates (UAE). The product is designed to assist businesses and startup owners in obtaining crypto licenses in two key zones in UAE – the DMCC free … Read more
The UAE central bank signs deal for CBDC strategy
The CBDC strategy was first unveiled in February as part of the central bank’s program to position the UAE as a global financial hub. Go to Source Powered by WPeMatico
Crypto.com gets MVP preparatory license from Dubai regulator
After completing the preparatory stage and obtaining the operational license in Dubai, Crypto.com plans to provide a comprehensive range of institutional services in compliance with regulatory requirements. Go to Source Powered by WPeMatico
India, UAE to explore CBDC bridge to facilitate trade, remittances without USD
The bridge would be the second for the UAE, whose banks successfully participated in the mBridge project last year with Hong Kong, China and Thailand. Go to Source Powered by WPeMatico
India, UAE Collaborate to Boost Cross-Border Central Bank Digital Currency Transactions
India’s central bank, the Reserve Bank of India (RBI), and the Central Bank of the United Arab Emirates (UAE) have agreed to collaborate on cross-border central bank digital currency (CBDC) transactions of remittances and trade. The initiative is “expected to reduce costs, increase efficiency of cross border transactions and further the economic ties between India … Read more
Alameda Research to sell interest in Sequoia Capital for $45M to Abu Dhabi
The investment branch of FTX, Alameda Research, reached an agreement to sell its interest in Sequoia Capital for $45 million in cash to the Abu Dhabi sovereign wealth fund. Go to Source Powered by WPeMatico
American regulators are pushing hard against crypto: Law Decoded, Feb. 28–March 6
Crypto mining operators, custodians and Binance personally received a fine doze of the United States officials’ attention last week. Go to Source Powered by WPeMatico
UAE free zone to explore Bitcoin payments for services, lawyer says
The free zone for virtual asset firms in the Ras Al Khaimah emirate aims to foster regulated and non-regulated activities. Go to Source Powered by WPeMatico
UAE emirate to launch free zone for digital and virtual asset firms
Free-trade zones in the UAE are areas where entrepreneurs have 100% ownership of their businesses and have their own regulatory frameworks and tax schemes. Go to Source Powered by WPeMatico
