City Dubai Financial News

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

crypto community, in reaction to central bank governor Shaktikanta Das' statement that private cryptocurrencies are a big threat to India's financial and macroeconomic stability, has said crypto assets could help unlock the country's innovation, job-creation and economic potential. Also, the exchanges said they praised the stance of the central bank and the government that customer protection is a priority. «The good thing is that the government and regulators have been very consultative in their approach to the industry, and there is broad understanding that customer protection is of utmost importance. It is encouraging to see India thinking progressively about crypto at par with global counterparts like the US, Dubai, and Singapore,» said Ashish Singhal, founder and CEO, CoinSwitch.

Tennis superstar Novak Djokovic flew out of Australia on Sunday after a court upheld the government's decision to cancel his visa, capping days of drama over the country's COVID-19 entry rules and his unvaccinated status.

Here is our weekly collection of digital asset listing and delisting, trading pair-related announcements by crypto exchanges that we found last week and today. 

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NFT, the abbreviation of non-fungible token, was Collins Dictionary’s term of the year in 2021. Having entered the mainstream, its usage increased 11,000%. As the concept has gained traction globally, so too did the associated scams.

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While many countries are inclined to simply ban the use of Bitcoin (BTC) and virtual assets, regulators in the United Arab Emirates are taking a different approach. 

CZ, as he's known to cryptophiles, is quickly becoming a fixture in the United Arab Emirates.

Houlihan Lokey has hired a senior dealmaker covering oil and gas companies in the Middle East as the mid-market bank continues to expand outside of the US.

Binance believes that Dubai's new agenda would help the world economy grow.

More than 100 out of 170 “digital payment token services” in Singapore have reportedly failed to obtain licenses from the local financial regulator, the Monetary Authority of Singapore, or MAS. 

Dubai's ruler Mohammed bin Rashid al-Maktoum was ordered on Tuesday to pay more than €640 million to his ex-wife and their children, in what is believed to be the largest divorce settlement awarded by a British court.

Binance said on Tuesday it signed a cooperation deal with Dubai World Trade Centre Authority

The world’s largest cryptocurrency trading platform, Binance, is among the first crypto exchanges to join a new crypto hub established by the Dubai World Trade Centre Authority (DWTCA).

The United Arab Emirates (UAE) continues to emerge as one of the world’s biggest cryptocurrency-friendly jurisdictions as the government of Dubai has a new initiative to support local crypto development and regulation.

Dubai World Trade Centre will set up a specialised crypto zone

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Developers of anonymous decentralized finance (DeFi) protocol DarkFi, Amir Taaki and Rachel-Rose O'Leary, say that the development of zero-knowledge cryptography might be the key to survive a looming regulatory crypto winter which might split the DeFi industry into tightly-regulated and unusable Regulated DeFi (RegFi) and frictionless and private Dark DeFi (DarkFi) after 2022. 

Although only a small portion of the Indian population has purchased non-fungible tokens (NFTs) so far, the market is ripe for growth as there is a lot of interest in creating and monetizing content there, Vishakha Singh, Co-founder and Vice President (VP) of WazirX NFT Marketplace, told Cryptonews.com at the Blockchain Economy Expo 2021 conference in Dubai last week.

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