Dubai Financial News

04.05 / 19:45

Law regulation Dubai open From within: Dubai's virtual asset regulator plans to open HQ in metaverse

The Dubai Virtual Asset Regulatory Authority, or VARA, has purchased land in the virtual reality world The Sandbox (SAND) as part of its plans to set up a metaverse headquarters.

28.04 / 05:37

business Adoption Real Estate Dubai Colorful billionaire’s Dubai real estate firm now accepts BTC and ETH

Multi-billion dollar Dubai-based real estate developer DAMAC Properties has started accepting Bitcoin (BTC) and Ether (ETH) payments for its luxury abodes.

19.04 / 09:57

cryptocurrency Web3 Dubai Indian regulatory The new brain drain: Indian Web3 startups flock to Dubai amid regulatory uncertainty, stiff taxes

If there was one recurring theme that cut across multiple Web3 meetups held in Bengaluru, New Delhi and Mumbai in the last month, it was Dubai. A city that has almost become an emotion and a panacea for entrepreneurs building on the Web3 platform—the so-called next version of the Internet, which will be decentralised and run on blockchain—even as they grapple with an uncertain regulatory landscape and hefty taxes in India. Every second founder we met at these meetups has either moved to Dubai or is in transition.

29.03 / 18:05

Blockchain Adoption Environment Dubai week Blockchain and climate action gets highlighted at MENA Climate Week

MENA Climate Week kicked off on Tuesday with a focus on discussing the use of blockchain technology for bringing transformative climate action to the region. Kristina Cornèr, Cointelegraph’s editor-in-chief, shared her insights in a panel discussion at the event about how the climate action sector can benefit from the crypto and blockchain community.

24.03 / 13:49

Blockchain cryptocurrency Digital Dubai Dubai's Cypher Capital Sets Up $100 Million Digital Asset Fund

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

17.03 / 14:19

Law Middle east Dubai It’s official: Binance secures a license to operate in Dubai

Cryptocurrency exchange Binance announced on Wednesday that it had been granted a license to operate in Dubai, United Arab Emirates. The company’s presence in the Middle East has been building up lately, with a crypto service provider license in another Gulf market, Bahrain, coming in earlier this week.

17.03 / 10:25

cryptocurrency Provident Binance Dubai licence Dubai Grants Crypto Exchange Binance Virtual Asset Licence For Regional Business

Dubai last week adopted its first law governing virtual assets.

15.03 / 12:49

business Binance Dubai Bitcoin ftx crypto exchange open FTX crypto exchange wins license in Dubai to open local headquarters

Major global cryptocurrency exchange FTX is expanding operations in the United Arab Emirates by receiving a virtual asset license in Dubai.

14.03 / 19:15

Investments Dubai Bitcoin Ruble Bitcoin could crush Russian ruble by rising another 140%, classic technical setup suggests

Bitcoin (BTC) has declined by around 30% after topping out at 5.8 million rubles a token on March 9. Nonetheless, the said drop could be an excuse for traders to dump another big stash of the Russian national currency if a classic bullish continuation pattern plays out.

09.03 / 20:08

Law regulation Dubai crypto law Dubai establishes virtual asset regulator and announces new crypto law

Sheikh Mohammed bin Rashid Al Maktoum, the ruler of Dubai in the United Arab Emirates who holds several positions including prime minister, has announced a new law on virtual assets as well as the establishment of a crypto regulator.

09.03 / 16:49

business Blockchain Adoption Dubai Lockdown to metaverse: Pandemic leads crypto entrepreneur to new business headquarters

Life gave crypto businessman Ilman Shazhaev lemons when he got stuck in Dubai in the wake of the COVID-19 lockdowns. However, like the old adage, he “made lemonades” by recognizing the opportunities in the country.

24.02 / 16:55

Government Law Dubai The crypto oasis: How the UAE became the Middle East’s digital asset champion

The United Arab Emirates is reportedly getting ready to start issuing federal licenses for virtual asset service providers (VASPs) by the end of the first quarter of 2022. The move is expected to become part of a complex regulatory framework that the Middle Eastern nation is looking to establish on its way to becoming one of the world’s most crypto-friendly jurisdictions. What could this trajectory look like for the UAE?

17.02 / 15:15

Binance regulation Dubai Crypto License UAE reportedly plans to issue federal crypto license for VASPs

The United Arab Emirates is reportedly planning to issue a federal crypto license for virtual asset service providers (VASPs) by the end of the first quarter.

10.01 / 13:56

regulation Dubai Blockchain Adoption UAE regulators pave way for crypto and blockchain adoption, says legal expert

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.

21.12 / 13:18

business Binance Dubai Centre Binance joins fresh crypto hub by Dubai World Trade Centre

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).

20.12 / 15:15

Adoption Binance Dubai Bitcoin Centre Dubai World Trade Centre to create new crypto hub and become regulator

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.

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