United Arab Emirates

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UAE Establishes Unified Regulatory Framework for Virtual Assets Through SCA and VARA Agreement

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In a significant development for the local crypto sector, the United Arab Emirates has established a unified regulatory framework through an agreement between the Securities and Commodities Authority (SCA) and Dubai’s Virtual Assets Regulatory Authority (VARA). According to local media, this partnership aims to streamline licensing and oversight for Virtual Asset Service Providers (VASPs) across … Read more

‘Suboptimal Capital Leakage’ in GCC Due to Lack of Crypto ETPs, Warns Defi Tech President

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In the Gulf Cooperation Council region, there is a significant gap in the availability of regulated digital asset exchange-traded products. According to Andrew Forson, this leads to capital being exported to other jurisdictions—a situation that not only results in financial losses but also hampers the development of local infrastructure and liquidity. GCC Lags Behind Europe … Read more

Phoenix Group Formalizes $150M Crypto Treasury in Q2 2025 Results

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Abu Dhabi-headquartered bitcoin miner Phoenix Group, listed on the ADX, reported strong financial and operational results for Q2 2025, highlighting the formalization of a digital asset treasury valued at over $150 million, making it the first ADX-listed company to do so. The treasury primarily consists of 514 BTC and over 630,000 SOL. The company generated … Read more

Rakbank Partners Bitpanda to Launch Crypto Brokerage Service for Retail Customers in the UAE

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Rakbank has launched a crypto brokerage service through its mobile app, becoming the first conventional bank in the United Arab Emirates (UAE) to offer crypto trading for retail customers. This new service allows Rakbank customers to buy, sell, and swap cryptocurrencies via Bitpanda’s trading platform, with all transactions conducted in AED to eliminate foreign currency … Read more

Ripple Expands Blockchain Footprint in UAE With Real Estate and Custody Deal

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Ripple is revolutionizing global real estate as Dubai adopts its XRP Ledger for tokenized property deeds, unlocking secure, scalable blockchain custody in a landmark government move. Dubai Land Department Modernizes Deeds With Ripple’s Blockchain Infrastructure Ripple announced on July 16 a major step into the UAE’s tokenized asset market, reinforcing its global custody network through … Read more

Ripple Custody to Support Dubai Land Department’s Tokenized Real Estate Initiative

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Ripple has announced a strategic partnership with Ctrl Alt to provide institutional-grade digital asset custody for the Dubai Land Department’s (DLD) Real Estate Tokenization Project. This collaboration will enable secure storage for tokenized real estate title deeds issued on the XRP Ledger (XRPL), marking a significant advancement in the region’s digital asset infrastructure. As the … Read more

Crypto Takes Flight: Emirates and Dubai Duty Free Announce Crypto Payment Plans

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Dubai is advancing its payment systems by integrating cryptocurrency options through partnerships between Emirates Airline and Dubai Duty Free with the digital asset platform Crypto.com. This initiative follows the signing of strategic Memorandums of Understanding (MoUs) aimed at enhancing digital finance innovation in the region. Dubai Duty Free, which reported over $1.12 billion in sales … Read more

TON Foundation Clarifies Details of Golden Visa Staking Program

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The TON Foundation stated that this program resulted from an independent collaboration with a licensed partner, explaining that the UAE government had no direct involvement. “Application alone does not guarantee visa issuance,” the foundation emphasized, following the denials of involvement from government institutions regarding this initiative. TON Foundation Explains Status of Its 10-Year UAE Golden … Read more

UAE Authorities Debunk Golden Visa Program for Digital Asset Investors

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Various government institutions in the United Arab Emirates have denied the existence of a golden visa program for cryptocurrency investors. The Virtual Assets Regulatory Authority emphasized that TON is not regulated in the country. UAE Government Denies Existence of Golden Visa Program for Digital Asset Investments The government of the United Arab Emirates (UAE) has … Read more