City Dubai Financial News

According to local news outlet Arabian Business, Citizens School, located in Dubai, will accept tuition payments denominated in Bitcoin (BTC) or Ethereum (ETH). Payments using digital assets are facilitated via an unnamed processing platform and are automatically converted into United Arab Emirates Dirhams (AED). Dr Adil Alzarooni, founder of Citizens school, commented: 

5ire, a 5th generation blockchain network, has bagged the AIBC Asia's 'Social impact Project of the Year' award held in Dubai, the United Arab Emirates on March 20th, 2022. 5ire is founded by two entrepreneurs of Indian origin, Pratik Gauri and Prateek Dwivedi, along with crypto financier Vilma Mattila from the United Kingdom. Appreciating the winners, AIBC underlined the importance of Social Impact, saying, «The stronger our ties develop, the more powerful blockchain becomes.»

Cardano founder Charles Hoskinson traveled to Dubai for Binance Blockchain Week 2022, but he certainly didn’t leave the Cardano community on read. Hoskinson loves connecting via AMAs and this occasion was no different as he used his spare time to discuss, among other things, what to expect from Cardano soon.

Crypto exchange Bybit on Monday said it will open its global headquarters in Dubai and crypto platform Crypto.com said it would establish a regional hub there, the latest moves in the UAE's drive to become a centre for the virtual asset sector.

Cardano founder Charles Hoskinson gave a keynote speech on the first day of this year’s Binance Blockchain Week, held at the Dubai World Trade Centre in the United Arab Emirates.  

Abu Dhabi is set to launch regulatory framework for Trading in NFTs

Binance is putting in a fresh $5 million investment in metaverse gaming startup Ultiverse after leading a $4.5 million seed investment a week earlier for the firm.

The head of a ferry operator at the centre of a bitter labour dispute stunned UK lawmakers on Thursday when he acknowledged that the company chose to ignore the law and labour contracts when it fired 786 workers without consulting with them in advance.

Cypher is also planning to open a "crypto, blockchain and digital asset hub" in Dubai.

In 2017, Decentralised Finance, or DeFi, was not yet a buzzword in India, and cryptocurrencies were being viewed suspiciously as the country's regulators were mulling if they should be banned or okayed, even as Bitcoin rallied.

Last week got off to an antsy start as the clause that many interpreted as a direct route to ban proof-of-work-(PoW)-based cryptocurrencies made a sudden comeback to the draft of the European Union’s key directive on digital assets. Many in the crypto policy space got immediate flashbacks to other instances of harmful last-minute additions to must-pass legislation days and hours before the vote. It all ended well, though, as the Committee on Economic and Monetary Affairs voted against the draft that contained the hostile language. Over in the United States, monetary policy kept growing more political, as evidenced by Sarah Bloom Raskin, President Joe Biden’s pick for the Federal Reserve’s vice chair for supervision, being forced to withdraw her nomination due to a Senate gridlock. Ukrainian President Volodymyr Zelenskyy took time off urgent matters of national defense to sign a bill granting digital assets legal status into law. Other big narratives of the week included crypto platforms’ expansion into the Gulf region, a slew of crypto-related statements and actions by members of the U.S. Congress and some favorable policy developments in Australia.

Global law firm Linklaters is relocating some of its Russia-based lawyers to London and Dubai, according to a person familiar with the matter.

Global law firm Linklaters is relocating some of its Russia-based lawyers to London and Dubai, according to a person familiar with the matter.

Disclaimer: The text below is a press release that was not written by Cryptonews.com. 

Binance, the world’s largest cryptocurrency exchange by trading volume, announced Wednesday that it has obtained a license from Dubai’s Virtual Asset Regulatory Authority (VARA) to carry out some business operations in the region.

Ukrainian President Volodymyr Zelenskyy says "my heart breaks from what Russia is doing to our people" after Russian forces destroyed a theatre in the besieged southern city of Mariupol.

The United Nations' highest court on Wednesday ordered Russia to stop hostilities in Ukraine.

When Bitcoin (BTC) traders pass away, their BTC may forever be lost within the blockchain if they haven't given anyone else access to their wallets. However, an exchange project wants to give crypto traders another option. 

crypto industry is looking at the latest Parliament session, which commenced on Monday, with high hopes. The industry is hoping to get clarity on multiple fronts after the Budget announcements. Market participants said that the ambit of virtual digital assets (VDAs) is very broad in the Finance Bill, 2022. The market participants would look forward to receiving clarity on important aspects, including definition, taxations, and calculation. Even the Supreme Court of India had recently asked the Centre to make its stand clear on whether cryptocurrency trade or virtual digital currencies is legal in India or not.

The world’s third-biggest cryptocurrency exchange FTX announced today that it acquired the virtual asset license in Dubai.

cryptocurrency exchange Binance has been given a crypto-asset service provider licence by Bahrain's central bank, its first such licence in the Gulf Cooperation Council (GCC), the company and the bank said on Tuesday. «The licence from Bahrain is a milestone in our journey to being fully licensed and regulated around the world,» said Binance Chief Executive Officer CEO Changpeng Zhao in a joint statement with Bahraini authorities. The regulatory requirements will «protect users with strong anti-money laundering and counter-terrorism financing policies,» he added.