Adoption
Exchanges in the Emirates: Crypto.com and Bybit to set up shop in Dubai
Crypto.com and Bybit have become the latest crypto firms to secure approval for full scale operations in the UAE.
Assad Jafri 3 min read
Middle East News
Regional policy, exchange hubs, tokenization, and sovereign initiatives across the Middle East.
Coverage footprint 1.1%
7D News sentiment 1 /100
Top Middle East Stories
Metaverse
Turkey goes all-in on the metaverse, but is the public ready?
At Turkey's Forum Metaverse, President Erdoğan and the Minister of Education announced the plan to implement the metaverse into the education system.
Adoption
Top Israel bank to start offering crypto trading services
Bank Leumi’s customers would be able to use Pepper Invest to trade Bitcoin and Ethereum.
More Middle East Crypto News & Analysis
Regulation
FTX Europe becomes the first crypto exchange licensed under Dubai’s regulatory framework
FTX Europe became the first approved virtual asset exchange to offer complex crypto derivatives dedicated to professional institutional investors within the highly regarded international jurisdiction.
Exchanges
Binance seeks to open shop in Dubai, strengthening its foothold in the Middle East
Crypto exchange Binance is in discussions with Dubai World Trade Centre free zone for a virtual asset service provider license to operate in Dubai. A favorable ruling would further bolster its presence in the Middle East.
Investments
Roll-up developers StarkWare to raise $100M at a $6B valuation
The Israeli company behind StarkWare, developers of Ethereum ZK-rollup technology, is finishing a funding round of at least $100 million, at a $6 billion valuation.
Regulation
Dubai establishes watchdog to regulate virtual assets under first crypto law
The Emirate announced the enactment of The Dubai Virtual Asset Regulation Law, under which it will establish a new regulatory authority to oversee the virtual asset industry, which includes crypto and NFTs.
Adoption
Crypto in Turkey: Everything you need to know
Recent falling in the value of Turkish lira made to the global crypto news as a “motivator towards crypto for Turkish residents." However, Turkey got the crypto bug way earlier. An exhilarating growth was seen since then, and this is just the beginning.
Regulation
Ethereum blasted as “trojan horse for tyranny” following MetaMask scandal
MetaMask shoots itself in the foot by blocking "certain jurisdictions," a dig deeper reveals the Ethereum ecosystem is in bed with JPMorgan.
Latest Middle East Crypto News Headlines
DeFi
MetaMask blocks Ethereum transactions in several jurisdictions citing compliance issues
Adoption
Turkey embraces Bitcoin and Tether as the lira keeps spiraling down
Legal
Iran finalizes mechanism to use cryptocurrencies in foreign trade
Regulation