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The United Arab Emirates division of the cryptocurrency exchange Gate has secured a license from Dubai’s Virtual Assets Regulatory Authority, allowing it to offer exchange services to institutional and retail investors. Gate’s Commitment to Operating Within Legal Frameworks Gate Technology FZE, the United Arab Emirates (UAE) division of the cryptocurrency exchange Gate Group, has been … Read more
Stablecoin issuer Circle has secured In-Principle Approval from the Financial Services Regulatory Authority of Abu Dhabi Global Market, allowing it to operate as a money services provider. Circle Eyes Greater Role in UAE Circle Internet Group, the leading global financial technology company and issuer of the USDC stablecoin, has received In-Principle Approval (IPA) from the … Read more
The government of the UAE has launched what it calls the first AI-based legislative system, allowing synthetic agents to develop laws and monitor their effects through big data analysis. UAE Enables AI Interaction in Lawmaking With New Smart Legislative System Artificial Intelligence (AI) has begun to penetrate all aspects of human life, and governance is … Read more
Dubai’s Virtual Assets Regulatory Authority and the Dubai Land Department have issued a public warning about entities falsely claiming involvement in their real estate tokenization project pilot. Possible Violation of Dubai’s Virtual Assets Regulation The Virtual Assets Regulatory Authority (VARA) has issued a public alert cautioning consumers and market participants about entities misrepresenting their involvement … Read more
The United Arab Emirates Central Bank has approved Web3 insurance solutions developed by Relm Insurance and Liva Insurance. Closing the Insurance Gap The United Arab Emirates (UAE) Central Bank has approved Web3 insurance solutions developed by Relm Insurance and Liva Insurance. The approved products, SIGMAWEB3 and a tailored version for Virtual Assets Regulatory Authority (VARA)-regulated … Read more
Institutional traders can now leverage cryptocurrencies and tokenized money market funds as off-exchange collateral, thanks to a new program launched by Standard Chartered and OKX. Boosting Institutional Investor Confidence Standard Chartered and OKX have unveiled a “pioneering” collateral mirroring program, enabling institutional clients to utilize cryptocurrencies and tokenized money market funds as off-exchange collateral for … Read more
MANTRA Chain has launched the a $108.8 million investment fund to support high-potential blockchain projects focused on real-world asset tokenization. Blockchain Revolutionizes Finance MANTRA Chain has announced the launch of the MANTRA Ecosystem Fund (MEF), a $108.8 million investment initiative designed to accelerate the growth and adoption of projects within the MANTRA ecosystem. According to … Read more
Kazakhstan’s financial sector recently strengthened ties with the United Arab Emirates (UAE) through a delegation visit from March 26-27. Kazakhstan, UAE to Cooperate on CBDC Development A delegation from Kazakhstan’s financial sector recently visited the United Arab Emirates (UAE) to strengthen collaboration in digital assets and blockchain technology. Held from March 26 to 27, the … Read more
Vienna-based crypto platform Bitpanda has obtained a broker-dealer license from Dubai’s VARA, allowing it to serve users in the UAE. Bitpanda Expands Into the Middle East Bitpanda, the Vienna-based crypto asset platform, has secured a broker-dealer license from the Dubai Virtual Assets Regulatory Authority (VARA). The license enables Bitpanda to open its platform to users … Read more
The Central Bank of the UAE (CBUAE) has unveiled the official symbol for the Digital Dirham, set to launch in retail markets by late 2025. Digital Dirham to Enable Tokenization The Central Bank of the UAE (CBUAE) has announced significant progress in its Digital Dirham initiative, unveiling the official symbol for the nation’s digital currency. … Read more