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.
The United Arab Emirates has adopted a favorable approach towards crypto. Now, its postal operator is issuing NFTs to commemorate National Day.
UAE issues first NFT stamps in the Middle East
The DFSA is establishing itself as an innovative regulator for the region by focusing on fintech and innovative technology.
Dubai finance watchdog approves listing of Bitcoin fund
The UAE continues to be one of the friendliest jurisdictions worldwide for the digital asset industry.
Dubai regulator announces new regulations for investment tokens
The event saw friendly boxing matches between prominent crypto Twitter entrepreneurs, with RookieXBT taking the WBC Crypto Champion belt.
Crypto traders fight in WBS Dubai for Amir Khan’s charity boxing match
“Our aim is to build the largest and most trusted cryptocurrency platform in the region,” BitOasis CEO Ola Doudin said.
UAE crypto exchange BitOasis raises $30M to expand in MENA
A new study from Hong Kong regulators is expected to present initial thoughts and findings on CBDCs during the summer of 2022.
Hong Kong exploring CBDC as part of fintech strategy
BitOasis has partnered with the Dubai Police Force to establish safety regulations around crypto investments in the region, according to the exchange’s CEO.
BitOasis crypto exchange to help Dubai Police spread fraud awareness