Tether to Launch UAE Dirham-Pegged Stablecoin
Tether, the major stablecoin issuer, has announced plans to launch a new stablecoin pegged to the United Arab Emirates Dirham (AED). This initiative, in collaboration with the UAE-based Phoenix Group,…
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Nexo Secures Preliminary VARA Approval to Launch Crypto Lending and Brokerage Services in Dubai
On Tuesday, Nexo announced its Dubai entity, Nexo DWTC, had secured preliminary approval from Dubai’s Virtual Assets Regulatory Authority (VARA) to engage in virtual asset lending, borrowing, and broker-dealer activities…
Gemini Exchange To Acquire License To Operate In United Arab Emirates
Gemini, a global cryptocurrency exchange, has announced its plans to acquire a cryptocurrency license in the United Arab Emirates (UAE) in a move to expand its services. Describing the UAE’s…
Sheikh Hamad Salem Becomes a MaskEX Shareholder as Both Parties Collaborate to Develop a Smart City in the UAE
PRESS RELEASE. Sheikh Hamad Rakadh Salem Hamad Alameri, a well-known Sovereign Wealth Fund (SWF) member of the Royal Family in Abu Dhabi, United Arab Emirates, has officially become a MaskEX…
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Another Member of Russian Crypto Pyramid Finiko Arrested in UAE
Law enforcement authorities in the United Arab Emirates have detained a top Finiko representative, sought for his role in the crypto Ponzi scheme which defrauded thousands of investors around the…
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Co-Founder of Russia’s Largest Crypto Pyramid Finiko Arrested in UAE
One of the founders of Russia’s most notorious Ponzi scheme in recent times, Finiko, is in detention in the United Arab Emirates, according to a Russian media report. The close…
Royal Family of Dubai Company Seed Group Partners With CoinCorner To Facilitate Bitcoin Transactions In The UAE
Seed Group will help CoinCorner expand their operations into the UAE and access top decision-makers in the government as well as private sectors. CoinCorner, a global leader in Bitcoin and…
Luxury Resort Palazzo Versace Dubai Now Accepts Bitcoin
In partnership with Binance, the luxury resort now accepts bitcoin for goods and services on-site and plans to launch online payments in the near future. Palazzo Versace Dubai is now…