It’s official: Binance secures a license to operate in Dubai
It becomes the company’s second license in a Middle East jurisdiction obtained this week. Go to Source Powered by WPeMatico
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Dubai Approves First Law to Regulate Digital Assets, Establishes Regulator to Oversee Crypto Sector
Dubai has adopted its first law to regulate the crypto sector. It has also established a dedicated regulator to oversee crypto activities and related service providers. Crypto Sector Regulated in Dubai The emirate of Dubai has adopted its first law to regulate crypto assets and established a regulator to oversee crypto activities and regulate crypto … Read more
Dubai establishes virtual asset regulator and announces new crypto law
The Sheikh said the regulator will have authority in Dubai’s special development zones and free zones with the exception of the Dubai International Financial Centre. Go to Source Powered by WPeMatico
The crypto oasis: How the UAE became the Middle East’s digital asset champion
The nation has a patchwork of largely crypto-friendly, region-specific rules that can finally get standardized. Go to Source Powered by WPeMatico
UAE Prepares to Launch Nationwide Crypto Licensing System in Line With Global Standards
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 … Read more
UAE reportedly plans to issue federal crypto license for VASPs
The crypto license legislation might be the first nationwide crypto-focused regulation. However, various free zones in the country had introduced crypto regulations as early as 2018. Go to Source Powered by WPeMatico
From tuk tuks to COVID tests, YouTuber tests Bitcoin use cases across multiple countries
Under the handle “Paco De La India”, the YouTuber said he planned to visit 40 countries, often using Bitcoin transactions to pay for everything he needed. Go to Source Powered by WPeMatico
Gift to Pope Francis Sold as NFT Raises $80,000 for Afghanistan
A carpet presented by the United Arab Emirates as a gift to the head of the Catholic Church a few years ago has been sold in the form of NFT. While the original remains in the Vatican, its digital representation has been successfully used to collect funds for the people of Afghanistan. NFT of Historic … Read more
Crypto makes history in 2021: Five instances of governments embracing digital assets
While 2021 surely saw a few regulatory setbacks, some governments delivered masterclasses in forward-looking crypto regulation. Go to Source Powered by WPeMatico
Dubai to Create Crypto Zone, Binance Joins Effort
The Dubai World Trade Centre will become a comprehensive ecosystem for cryptocurrencies and providers of related services. The move is part of efforts to support new industries and the emirate intends to source help from crypto companies like Binance. Dubai World Trade Centre to Host and Regulate Crypto Space Authorities in the United Arab Emirates … Read more