Bahrain – Crypto.com, a global cryptocurrency platform serving over 100 million users, has announced a strategic partnership with Beyon Money, Bahrain’s leading digital financial services provider, aimed at enhancing digital payment solutions and exploring advanced applications in artificial intelligence (AI) and open banking. This collaboration, marked by a recently signed Memorandum of Understanding (MoU), seeks […]
Dubai, UAE, 22 October 2024 – MultiBank.io, the cryptocurrency exchange arm of MultiBank Group, the world’s largest financial derivatives institution headquartered in Dubai, today announced the appointment of Ryan Kim as CEO of MultiBank.io. Kim will oversee the global expansion of the exchange, focusing on scaling its derivatives-driven operations. A former Wall Street FX options trader […]
Abu Dhabi, October 2024 — AED Stablecoin LLC has received in-principle approval from the Central Bank of the UAE to issue the country’s first AED-backed stablecoin, AE Coin, under the newly established “Payment Token Services Regulation” (Circular No. 2/2024, dated 7 June 2024). This milestone positions AED Stablecoin as the first entity in the UAE […]
Dubai-based Web3 gaming developer aims to blend entertainment with personalized financial education. Dubai-based Web3 gaming developer PiP World has successfully raised $10 million in capital from UAE-based fintech firm Exinity, according to a company statement. The funds will support PiP World’s mission to build an educational-focused ecosystem, which currently includes a Roblox stock simulator and […]
Dubai, UAE – 10 October 2024: MultiBank Group, the world’s largest traditional financial derivatives institution, has announced the official launch of its operations in the UAE through its subsidiary, MEX Digital FZE. The company has secured a Virtual Asset Service Provider (VASP) license from Dubai’s Virtual Assets Regulatory Authority (VARA) and will operate under the […]
United Arab Emirates, October 9, 2024 – Elliptic, a global leader in blockchain analytics and digital asset risk management, has announced the opening of its new regional headquarters in the United Arab Emirates (UAE). This strategic move marks a significant milestone in Elliptic’s global expansion efforts and underscores the UAE’s growing prominence in digital asset […]
The United Arab Emirates (UAE) has taken significant steps to position itself as a crypto-friendly jurisdiction by exempting cryptocurrency transfers and conversions from value-added tax (VAT). This move comes as part of a broader effort to streamline the country’s regulations around digital assets and boost its attractiveness as a hub for virtual asset transactions. New […]