Places UAE

The project, designed to simplify cross-border payments through CBDCs, has raised concerns over potential misuse to evade US sanctions.

Despite $13 million theft, M2 reassures customers with full restoration and reinforced security measures.

Market observers said the move further cements the UAE as a prominent crypto hub.

Ripple's approval by Dubai Financial Services Authority enhances its global reach and bolsters its businesses.

The new rules, effective Oct. 1, will require companies to provide clear warnings about the risks associated with digital currencies.

With the establishment of Dubai's VARA in 2022, UAE has snagged the global spotlight, attracting crypto businesses and talents.

Tether's move comes as UAE stepped up its regulatory effort for fiat-pegged digital assets.

The Falcon Gate fund reflects UAE's ambition to become a top crypto hub.

The decision contrasts sharply with a similar case in 2023, in which the same court dismissed a claim involving EcoWatt tokens.

Ripple is also considering setting up a XRPL Foundation to boost the blockchain network growth.

The initiative seeks to bolster collaboration between government entities and the logistics industry.

UAE's first digital bank Zand partners with Swiss firm Taurus to offer crypto services.

Binance has prioritized compliance after settling its legal issues with US authorities last year.

The partnership aims broaden ADGM's blockchain and Web3 ecosystem in Abu Dhabi by exploring joint initiatives and projects.

UAE financial authority will enforce the FATF Travel Rule to curb anonymity in crypto transactions.

Bybit's proof-of-reserve attestation showcases 100-124% collateralization across 32 assets as risk management takes center stage.

Binance's Abu Dhabi retreat signals strategic realignment in the face of evolving global regulations.

Hydrocooling tech will power Phoenix Group's $380 million Bitcoin mining expansion.