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
The bank is exploring technological solutions and platforms for its own digital currency.
Qatar Central Bank in ‘foundation stage‘ of launching digital currency
David Attlee
2022-06-22T10:38:55+01:00
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Huobi cryptocurrency exchange is expanding its global footprint by winning its first-ever licenses in Dubai and New Zealand.
Huobi crypto exchange wins licenses in Dubai and New Zealand as Thai affiliate closes
Helen Partz
2022-06-21T10:09:43+01:00
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UAE has made blockchain technology a key focus for its future strategies and currently building a decentralized ecosystem to make it a global blockchain hub.
UAE launches the world’s most expensive modern postage stamp
Prashant Jha
2022-06-17T14:48:47+01:00
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Crypto.com will have further requirements before its full license is granted in the “near-term” and FTX said the move would allow it to work “directly with Japa...
Crypto.com gets nod in Dubai and FTX launches in Japan
Jesse Coghlan
2022-06-03T06:19:17+01:00
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Emirates is embracing new technologies such as the metaverse and NFTs to expand its reach, according to chief operating officer Adel Ahmed Al-Redha.
Bitcoin to the sky: Emirates to accept BTC payments and launch NFT collectibles
Ezra Reguerra
2022-05-13T12:19:08+01:00
10123
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The move came less than two months after Sheikh Mohammed bin Rashid Al Maktoum established VARA and announced a new legal framework for crypto in Dubai.
From within: Dubai's virtual asset regulator plans to open HQ in metaverse
Turner Wright
2022-05-04T17:30:00+01:00
1742
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With the new operational license in Abu Dhabi, Kraken aims to provide access to global liquidity to local investors via dirham trading pairs.
Kraken awarded crypto trading license in the United Arab Emirates
Arijit Sarkar
2022-04-25T09:17:45+01:00
3681
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The emirate’s special economic zone might grant licensed exchanges the right to trade nonfungible tokens.
Abu Dhabi rolls out draft recommendations for NFT trading
David Attlee
2022-03-22T13:26:04+00:00
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