News
Federal Decree Law No. 6 expands the UAE central bank’s authority over DeFi, ending the “just code” defense and imposing penalties of up to $272 million.
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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
BlackRock’s spot Bitcoin ETF share price is down almost 23% since the end of the third quarter.
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HSBC is the latest megabank to double down on tokenized deposits versus stablecoins by preparing for new launches in the US and the UAE next year.
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The United Arab Emirates' central bank digital currency pilot has made its first transaction, reportedly completed in under two minutes.
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Richard Teng said Binance "didn’t partake" in the decision for an Abu Dhabi-based company to use World Liberty Financial's USD1 for a $2 billion investment into the exchange.
12567 - Recap
More than 300 leaders from traditional finance, digital assets and regulators described a pragmatic turn toward regulated, data-rich tokenization.
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Turkey’s $200 billion crypto market leads the MENA region, but has been fueled more by speculative activity than by sustainable adoption, according to Chainalysis.
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The partnership marks Dubai’s latest step toward regulating the “machine economy,” blending onchain robotics, AI and tokenized real-world assets.
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The license came eight months after the regulator gave the company in-principle approval, and a few weeks after Bybit secured a non-operational license for Dubai.
3289 - Spotlight
Two-day summit in Abu Dhabi gathers asset managers to discuss the next steps for tokenization, AI-driven trading and RWA infrastructure across compliant markets.
20822 - Opinion
Dubai deploys oil wealth and Islamic finance to challenge Asian crypto dominance, but Hong Kong’s liquidity firepower and Beijing backing maintain supremacy.
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Dubai’s crypto regulator sanctioned 19 companies for unlicensed operations and marketing violations, imposing fines of up to $163,000.
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The regulator stated that farmland must be used only for agricultural purposes to qualify for government services, subsidies, and utilities.
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Singapore and the UAE rank as the world’s most crypto-obsessed countries amid high ownership, search activity and rapid adoption growth.
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M2 Capital invested $20 million in Ethena’s ENA token as the protocol’s TVL neared $15 billion, with growing institutional backing from global crypto investors.
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