News
OKX and Standard Chartered launched a pilot letting institutions use crypto and tokenized money market funds as collateral, starting under Dubai’s virtual asset regulations.
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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.
- News
Tokinvest co-founder Scott Thiel told Cointelegraph that the new development opens up Dubai’s real estate market to global investors.
3680 - News
The $108,888,888 fund will operate an “open-arms policy,” welcoming real-world asset tokenization and DeFi projects at all developmental stages.
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CLS Global is one of the “victims” of the FBI’s trap token NexFundAI, alongside Hong Kong-linked ZM Quant Investment and Russia-linked Gotbit Consulting.
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Sonic Labs scraps its algorithmic stablecoin and pivots to a dirham-based alternative, aligning with UAE’s digital currency rollout in late 2025.
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CBUAE governor Khaled Mohamed Balama said in a Khaleej Times report that the digital dirham could help combat financial crime and improve financial stability.
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Crypto adoption is increasing in the United Arab Emirates, with crypto app downloads rising 41% in 2024 from the previous year.
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Blynex co-founder Mike Baskes claimed that the liquidation was a part of their “automated risk management system.”
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Senior UAE official Tahnoon Bin Zayed Al Nahyan said he spoke with White House crypto and AI czar David Sacks about the increased use of crypto.
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The Dubai Land Department expects the market value for tokenized real estate to reach over $16 billion in 2033.
11489 - Use Case
Tokenized real estate introduces new means to ownership as blockchain technology is changing the rules of global property investment.
18150 - Breaking news
Neither Durov nor his legal team have issued a public statement regarding the move.
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Dubai International Financial Center CEO Arif Amiri said Ripple was the first licensed blockchain payment provider in the DIFC.
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One of the largest banking groups in the region, Dubai-state-run Emirates NBD, offers crypto trading services in collaboration with Aquanow and Zodia Custody.
7254 - Opinion
Navigating the UAE’s crypto ecosystem means decoding a maze of acronyms — SCA, VARA, DMCC, ADGM and more.
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