Uae Financial News

16.06 / 20:21

Kraken ByBit Bitget Nansen Report: Crypto Exchanges Kraken, Bybit, and Bitget Gain Ground After FTX Collapse

Smaller crypto exchanges such as Kraken, Bybit and Bitget are finally getting their time in the spotlight after their more dominant rival FTX collapsed last year, according to findings in a new report from blockchain analytics firm Nansen.

16.06 / 20:21

UPS Citi Binance regulation coinbase Gemini Is the US's Crypto Crackdown a Blessing in Disguise for Other Nations?

The regulatory crackdown on crypto in the US could prove to be just what is needed for the industry to thrive elsewhere, a recent Wall Street Journal article has indicated.

16.06 / 02:53

regulation Middle east OKX expansion Dubai's VARA approves OKX 'preparatory' license as part of exchange's expansion plans

The middle eastern arm of cryptocurrency exchange OKX reported Dubai’s Virtual Asset Regulatory Authority had granted the firm a minimal viable product preparatory license as part of its plans to expand into the region.

12.06 / 20:31

CBDC Adoption retail retail CBDC Thailand launches retail CBDC pilot with 2 banks and Singapore payment service

The Bank of Thailand will launch a retail central bank digital currency (CBDC) pilot project in a regulatory sandbox this month. Three payment providers will take part, according to local media. The project will involve up to 10,000 users and run through August.

10.06 / 12:25

business Technology Adoption ChatGPT OpenAI CEO highlights South Korean chips sector for AI growth, investment

Sam Altman, the CEO of ChatGPT developer OpenAI, met with South Korean President Yoon Suk Yeol on June 9 and urged South Korea to play a leading role in manufacturing the chips needed for artificial intelligence (AI) technology. Altman also expressed an interest in investing in Korean startups and collaborating with bigger chipmakers like Samsung Electronics.

08.06 / 19:53

Binance SEC Binance.us Documents Reveal Binance.US Suffered a $181 Million Loss in 2022

Binance’s US branch, Binance.US, was deeply unprofitable in 2022 and lost as much as $181 million for the year, a new filing made by the Securities and Exchange Commission (SEC) has revealed.

08.06 / 11:35

Blockchain Adoption Binance SEC Europe coinbase Killing SEC is killing innovation in United States - 1inch co-founder

The United States could run the risk of an exodus of major Web3 and cryptocurrency service providers as the Securities and Exchange Commission (SEC) takes action against Coinbase and Binance.

08.06 / 08:19

Citi Cooper Platform Strategy HSBC Financial UAE Central Bank and Hong Kong Monetary Authority Bolster Financial Ties

The Central Bank of the United Arab Emirates (CBUAE) and the Hong Kong Monetary Authority (HKMA) convened a bilateral meeting on May 29, intending to amplify cooperation in the financial services arena between the two regions.

07.06 / 11:37

Adoption Binance ByBit CZ binance Crypto Exchange Bybit Announces AED 1 Million Scholarship Fund at UAE University

As the regulatory environment in the United States become too hot to handle, cryptocurrency exchanges continue expanding their reach for better business environments. The United Arab Emirates (UAE) presents as one of these greener pastures. One of the most popular exchanges in the world, Bybit, has spotted the region’s potential and is already reaching out for competitive leverage.

07.06 / 06:17

Blockchain Citi Provident Progressive Platform Align Remark Global Crypto Community Convenes at Dubai's Blockchain Economy Summit, Uniting Industry Leaders for a Groundbreaking Event on October 4-5, 2023

Disclaimer: The text below is a press release that is not part of Cryptonews.com editorial content.

06.06 / 20:09

BRICS The Rise of Cryptocurrencies in Arab Countries: Understanding Saudi Arabia's Latest Move

With cryptocurrencies increasingly gaining a foothold across the Arab world, some industry analysts are examining how Saudi Arabia’s plan to join China’s New Development Bank, also known as the BRICS bank, could impact on diversifying the kingdom’s financial environment.

06.06 / 18:20

Provident BTC Target CEO Platform coinbase Bitcoin Bitcoin Price Prediction as BTC Breaks Above $27,000 Resistance – Here's Where BTC is Heading Now

Bitcoin has made a significant move by breaking above the crucial resistance level of $27,000.

01.06 / 18:37

Anti-money laundering businesses guidance UAE's Central Bank Introduces New Anti-Money Laundering Guidance for Crypto Businesses – Here's the Latest

The UAE’s Central Bank just introduced new anti-money laundering (AML) and counter-terrorism financing guidelines for crypto businesses and financial institutions handling digital assets, according to an announcement on Wednesday.

01.06 / 18:21

MET Action Crypto License Winklevoss-Owned Gemini Makes a Move in the UAE for Crypto License

Crypto exchange Gemini, owned by the Winklevoss twins, is headed to the United Arab Emirates.

01.06 / 15:27

Stablecoin Gemini European Parliament Investment EVM Support Option Today in Crypto: EU Has Option to Deem All Crypto as Securities by Default, Georgia to Launch Mandatory Supervision of VASPs, Bitget is the 'First Exchange' to Support an EVM-Compatible Address

Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________

01.06 / 10:35

UPS Ethereum ETH Twitter $1.1 Million Sent to NotLarvaLabs Founder's Wallet for 'Nothing' in Return – What's Going On?

Donations and crowdfunding efforts are a major area of activity within the cryptosphere. But what happens when you launch a spoof campaign and ask supporters to send you crypto, promising them nothing in return? You receive as much as $1.1 million worth of Ethereum (ETH) in only 24 hours, apparently, as indicated by the example of Pauly, the anonymous co-founder of community-built NFT marketplace NotLarvaLabs.

01.06 / 08:11

Provident BTC Digital SUN Action Remark Bitcoin Support Bitcoin Price Prediction: BTC's Dive Below $27,000; Focus Shifts to Key Support at $26,600

Bitcoin's recent price movement has dived to the $27,000 level, sparking concerns among traders and investors.

01.06 / 07:07

business Adoption Crypto License Winklevoss twins’ crypto exchange Gemini to seek UAE crypto license

The Winklevoss-owned crypto exchange Gemini has announced that it has begun the process of acquiring a crypto service license for customers in the United Arab Emirates (UAE).

31.05 / 15:23

UPS Provident Digital HSBC Hong Kong and UAE Central Banks Join Forces on Crypto Regulations

Both Hong Kong and the United Arab Emirates (UAE) have strengthened ties after their respective central banks (CBUAE) and monetary authorities (HKMA) agreed to join forces on crypto regulation earlier this week.

31.05 / 15:23

Blockchain Binance Tether Police Reserve Today in Crypto: Xapo Integrates USDT Payment Rails, Police Reportedly Detains Trust Reserve Core Team, Reserve Bank of India Deputy Governor Recommends All Banks Adopt Blockchain & AI

Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________

31.05 / 11:57

business regulation FATF AML AML rules for digital assets to come into effect in UAE

Under the new rules from the Central Bank of the UAE (CBUAE), the licensed financial institutions (LFIs) would be required to identify and verify the identities of all customers. The update will come into effect “within a month,” that is, by the end of June.

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