Dubai Real Estate Developer to Accept Crypto Payments Amid UAE Push for Crypto Hub Status
Several of the world's biggest crypto exchanges have flocked to the emirates in the last few months. Source
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UAE
Kraken Receives UAE License to Operate as a Regulated Crypto Exchange
The exchange joins several counterparts moving to or gaining licenses in the United Arab Emirates. Source
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Crypto and Blockchain Firms Constitute 16% of UAE Free Zone’s Record Q1 Company Registrations – Emerging Markets Bitcoin News
Crypto and blockchain firms constituted 16% of the 655 new company registrations that were recorded in Q1 of 2022, the Dubai Multi Commodities Centre (DMCC) has said. The surge in crypto-related registrations also coincided with a quarterly period in which the DMCC is reported to have recorded its “highest Q1
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Regulatory Arm of UAE Financial Centre Releases Defi Discussion Paper – Regulation Bitcoin News
The regulatory arm of UAE’s financial centre, Abu Dhabi Global Market (ADGM), has released a discussion paper that is seeking stakeholders’ comments regarding the regulation of decentralized finance (defi). The paper also makes clear the regulator’s stance regarding the anonymity of defi transactions. Paper Not Guidance for Financial Institutions The FSRA,
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UAE Venture Capital Firm Launches $100 Million Seed Fund for Blockchain and Crypto Projects – Emerging Markets Bitcoin News
Cypher Capital, a United Arab Emirates (UAE)-based venture capital (VC) firm, has announced the launch of a $100 million seed fund that will primarily avail funding to decentralized finance (defi), gamefi, and metaverse projects. Mentoring of Entrepreneurs A United Arab Emirates (UAE)-based venture capital firm, Cypher Capital, recently announced it has
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Russians Looking to the UAE to Unload Billions in Crypto Assets: Report
Worried about Western nations seizing their assets, Russians are eyeing the UAE as a safe-haven, according to Reuters. Source
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Regulator Says UAE ‘Closer to Issuing the Regulatory and Supervisory Framework’ for VASPs – Regulation Bitcoin News
The United Arab Emirates (UAE) is getting closer to issuing a regulatory and supervisory framework that will govern the country’s virtual asset industry, the Securities and Commodities Authority (SCA) has said. FATF Recommendations A UAE securities regulator, the SCA has said it is getting closer to “issuing the regulatory and supervisory
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Goodbye, Russia – A Number Of Goldman Sachs Employees Are Leaving Russia To UAE
Goldman Sachs is relocating some of its Moscow-based staff to the United Arab Emirates as a result of Russia’s onslaught on Ukraine, numerous news agencies reported Sunday. The Wall Street behemoth is sending some of its employees to Dubai, a key financial hub in the Middle East, as foreign corporations reevaluate
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UAE Property Developer DAMAC to Launch Metaverse Project in March Says Managing Director – Metaverse Bitcoin News
One of the United Arab Emirates (UAE)’s leading real estate property developers, DAMAC Properties, is planning to launch a project in the metaverse soon, the company’s managing director (MD) has said. DAMAC Looking Into NFTs and Metaverse According to Ali Sajwani, the managing director of the real estate property developer DAMAC Properties,
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UAE Prepares to Launch Nationwide Crypto Licensing System in Line With Global Standards – Regulation Bitcoin News
The United Arab Emirates (UAE) is getting ready to start issuing federal licenses to cryptocurrency service providers in the first quarter. The UAE crypto regulation will take a hybrid approach. The government hopes that a nationwide crypto licensing system will attract big companies to the region. UAE Prepares to Regulate Crypto
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