UAE

April 11, 2024

Dubai virtual asset regulator wants to lift burden on small crypto firms

Matthew White, CEO of Dubai’s Virtual Asset Regulatory Authority (VARA), expressed the authority’s commitment to easing regulatory burdens for smaller crypto businesses during a panel discussion […]
March 16, 2024

Dubai’s DIFC passes comprehensive digital asset law, new security law

The Dubai International Financial Centre (DIFC), a special economic zone housing over 5,000 residents, has introduced a series of legislative updates, including a new digital assets […]
March 15, 2024

OpenAI semiconductor chip plans entice UAE investors

OpenAI’s ambition to develop its own semiconductor chips for advanced AI models may receive backing from Abu Dhabi’s state-backed group MGX, according to a report from […]
March 06, 2024

Nexo puts recent woes behind it with Middle East license approval

Nexo, the cryptocurrency lending platform, is moving forward with its global expansion plans after receiving initial approval from Dubai’s Virtual Assets Regulatory Authority (VARA). This approval […]
February 08, 2024

Deus X, Bridgetower debuts $250M digital asset venture in Middle East

Private equity firms Deus X Capital and Bridgetower Capital are poised to introduce a groundbreaking $250 million crypto infrastructure platform, aimed at offering crypto staking, investment, […]
January 30, 2024

UAE makes first digital dirham transfer via mBridge CBDC platform

The Central Bank of the United Arab Emirates (UAE) successfully executed its inaugural cross-border transaction using the digital dirham. This transfer, amounting to 50 million AED […]
January 24, 2024

UAE president issues law establishing an artificial intelligence council

Sheikh Mohamed bin Zayed Al Nahyan, the President of the United Arab Emirates and ruler of Abu Dhabi, has issued a law to establish the Artificial […]
December 21, 2023

UAE regulator revises sanctions, AML policy to enact FATF’s Travel Rule

UAE’s Financial Services Regulatory Authority has updated its AML and sanctions rules with new elements related to digital assets.   The Financial Services Regulatory Authority (FSRA) […]
December 07, 2023

UAE researchers launch blockchain carbon trading platform at COP28

The institute said it adopted a lightweight, efficient blockchain not intended to be computationally wasteful, where trading can be facilitated at little to no cost.   […]

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