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At the recent Dubai Fintech Summit event, Saqr Ereiqat, the co-founder of venture-building firm Crypto Oasis, spoke about the United Arab Emirates' infrastructures and how they can be “ideal” for crypto businesses. Speaking with Cointelegraph, Ereiqat highlighted that there are several factors that businesses should look at when considering a place
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Following United States-based crypto exchange Coinbase announcing the launch of its global derivatives platform, key executives at the firm are meeting with industry leaders and policymakers in the United Arab Emirates.In a May 7 blog post, Coinbase said chief executive officer Brian Armstrong and some of the firm’s executive team
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The regime applies to all companies seeking to provide services in the country, unless already licensed in financial free zones in the United Arab Emirates. Source
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Al Ansari Financial Services experienced an upswing in the value of its shares after instituting 2023’s first Dubai IPO. The shares of UAE remittances and money exchange firm Al Ansari Financial Services surged 17% in its initial public offering (IPOIPO) outing at its Dubai Financial Market trading debut. The family-owned company raised $210
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The first pillar is the soft launch of the ongoing project mBridge, a collaboration between the Bank for International Settlements (BIS) and the central banks of Hong Kong, the Chinese mainland, the United Arab Emirates and Thailand to study cross-border payments and multi-CBDC transactions. Original Source
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As the United Arab Emirates (UAE) continues to provide a welcoming regulatory framework for blockchain-based technologies, nonfungible tokens (NFTs) continue to prosper within the region and are being used by projects in various ways. From concert tickets to research and philanthropy, Cryptox went to Dubai and Abu Dhabi to explore how
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The Reserve Bank of India (RBI) and the Central Bank of the United Arab Emirates announced on March 15 that they had signed a memorandum of understanding on collaboration and innovation in financial services.The parties will particularly concentrate on central bank digital currency interoperability and will develop a proof-of-concept and
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By issuing a CBDC, the UAE hoped to address its cross-border payment challenges and ‘drive innovation for domestic payments’. India and the United Arab Emirates have agreed to collaborate on an interoperable CBDC. This will facilitate cross-border remittances and sales transactions. The collaboration could lead to other such partnerships between countries
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India’s central bank, the Reserve Bank of India (RBI), and the Central Bank of the United Arab Emirates (UAE) have agreed to collaborate on cross-border central bank digital currency (CBDC) transactions of remittances and trade. The initiative is “expected to reduce costs, increase efficiency of cross border transactions and further
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India and the United Arab Emirates (UAE) will collaborate on central bank digital currencies (CBDCs) by jointly conducting at least one pilot. Source
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