UAE residents can now trade crypto directly with their bank accounts
The new integration enables the direct conversion of UAE dirhams into Bitcoin and Ether using M2’s spot market. Go to Source
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UAE’s Zand Bank to Offer Crypto Services
Zand Bank, the UAE’s first digital bank, has entered into a strategic partnership with Taurus SA, a global leader in digital asset technology for banks. This partnership will cover all aspects of Zand’s digital asset infrastructure, including custody, tokenization, and blockchain connectivity. Zand will leverage Taurus’ integrated custody and tokenization solutions to expand its digital … Read more
South Korean crypto firm Hashed Ventures expands to Abu Dhabi: Report
Hashed Ventures said it’s in talks with other South Korean crypto firms to help bring them to Abu Dhabi. Go to Source
Binance’s Local Exchange Receives Dubai License, Initiates UAE User Migration
Binance is transitioning UAE resident accounts to its new regulated local entity, Binance FZE, following a Virtual Asset Service Provider license from Dubai’s regulator. This change will allow UAE users to access various virtual asset services locally, including AED bank deposits and withdrawals. Binance’s Local Exchange in UAE Now Licensed Crypto exchange Binance announced on … Read more
Nomura crypto arm Laser Digital bags Abu Dhabi license
The firm chose to expand into Abu Dhabi due to the innovation-friendly crypto regulations. Go to Source
Chainalysis sets up regional HQ in Dubai amid local crypto boom
Chainalysis relocates its regional headquarters to Dubai, reflecting the UAE’s progressive stance toward blockchain technology. Go to Source
Crypto options desk QCP Capital wins Abu Dhabi license: Report
The in-principle approval enables QCP Capital to offer regulated digital asset activities in the region. Go to Source
Dubai does for crypto what Silicon Valley did for tech: Gov’t affairs firm CEO
NH Management’s Tao Xiao explained that VARA’s objective is not to hinder progress but to secure the market’s integrity. Go to Source
Nexo Secures Preliminary VARA Approval to Launch Crypto Lending and Brokerage Services in Dubai
On Tuesday, Nexo announced its Dubai entity, Nexo DWTC, had secured preliminary approval from Dubai’s Virtual Assets Regulatory Authority (VARA) to engage in virtual asset lending, borrowing, and broker-dealer activities within the UAE’s most populous city. Nexo Gains Initial VARA Approval for Dubai Crypto Operations The crypto lender Nexo received a provisional “Initial Approval [IA]” … Read more
Binance, crypto firms optimistic about UAE amid potential US regulatory shift
Ghaf Capital managing partner Feras Al Sadek argued that the UAE’s “regulation by education” sets it apart from other jurisdictions. Go to Source
