Explained
UAE’s EmCoin combines digital and traditional assets on one platform. It may set the global standard for regulated, inclusive investing.
UAE News
The UAE, or the United Arab Emirates, is a federal state composed of seven states located in the Near East. The UAE has a strong economy and currently is thirteenth in the world by GDP due to its oil production. In terms of Bitcoin, the UAE government created a legal framework in 2016 that has become the foundation for future cryptocurrency regulation. Despite these regulations prohibiting payment services from providing transactions in Bitcoin, the new law, in accordance with the Central Bank, can be interpreted differently, depending on certain situations. However, the country is a great platform for innovation. The UAE has recently accepted the UAE Blockchain Strategy in order to become one of the most advanced countries in the blockchain technology sphere.
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The UAE Machine Economy Free Zone envisions a world where tokenholders receive a share of the revenue from machine-economy activities.
6630 - News
Dubai’s property market hit $18.2 billion in sales in May alongside growing tokenization momentum, new regulations and a record $3 billion real estate blockchain deal.
15607 - News
Ripple’s RLUSD stablecoin will support the Dubai Land Department’s blockchain initiative to tokenize real estate title deeds on the XRP Ledger.
5770 - News
UAE-based lawyer Irina Heaver told Cointelegraph that the new rules allow issuing and listing RWAs on secondary markets.
3519 - News
Bold Technologies and My Aion unveiled plans to develop a $2.5 billion AI-powered platform that will debut in Abu Dhabi, United Arab Emirates.
2943 - News
The two principal partners, Zand Bank and Mamo, will use Ripple Payments, a platform that combines stablecoins, crypto, and fiat currency to enable payments.
6397 - News
Dubai’s VARA has boosted oversight across multiple virtual asset activities, standardizing key terms and aligning risk management rules to reduce ambiguity and ease compliance for VASPs.
2880 - Announcement
Cointelegraph partners with TheBlock. to boost tokenization, compliance and real-world asset adoption in the MENA region through joint events and coverage.
10710 - Event Recap
Token 2049 kicked off with Tomorrow's Token conference, with the host exchange’s igniting presence felt across the entire event.
10018 - News
OKX MENA CEO Rifad Mahasneh told Cointelegraph that while hype can drive project growth in Web3, providing everyday value should be a priority for RWA tokenization projects.
2588 - News
Trump’s $2 billion stablecoin deal with UAE-backed MGX triggers ethics probe, jeopardizing Senate progress on stablecoin legislation.
3138 - Analysis
Stablecoins are gaining adoption as firms feel more comfortable with a legal landscape that is increasingly accommodating to crypto.
2414 - News
$3 billion of MAG’s luxury real estate will be tokenized on MultiBank’s platform, powered by Mavryk blockchain and governed by the MBG token.
19607 - News
Abu Dhabi’s MGX will use a Trump-affiliated stablecoin to settle a $2 billion investment into Binance in one of Web3’s largest funding deals.
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