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UK crypto broker, Archax sets up presence in Dubai UAE

UK crypto broker, Archax sets up presence in Dubai UAE

UK crypto broker and custodian, Archax, has set up an entity in the Dubai International Finance Centre (DIFC) in Dubai UAE. The company has set up under an Innovation License.

Recently Archax expanded its presence in the EU and US regions and has an offshore tech center in the Philippines. According to the announcement the new setup in Dubai DIFC will act as a technology hub and the first based for wider expansion in UAE.

Graham Rodford, CEO and co-founder of Archax, commented, “From our core business base and presence in London, it has always been the Archax vision to expand our presence into key regions globally. This started with the establishment of our offshore development arm in the Philippines a few years ago and continued recently with our broker acquisitions in Europe and the US – both subject to a successful regulatory change-of-control process. The UAE region is emerging as a digital asset and crypto hub too, so securing a foothold there with this entity in DIFC is a logical next step for us. We are excited by the technology talent and opportunity that exists in Dubai and now look forward to building and expanding our presence in the region”.

Previously UAE based XDC Network, an enterprise-grade Layer-1 blockchain, launched the first money fund tokens on its platform in collaboration with Archax, the FCA regulated digital asset exchange, broker and custodian.

Dubai VARA regulator warns against misrepresenting in governmental real estate tokenization project

Dubai VARA regulator warns against misrepresenting in governmental real estate tokenization project

The Dubai Virtual Assets Regulatory Authority (VARA), in coordination with the Dubai Land Department (DLD), has issued an alert regarding entities who have falsely claimed involvement or participation in the pilot phase of the DLD Real estate tokenization project.

The tokenization project in question is that launched by DLD in March whose partners include the Dubai VARA regulatory authority and the Dubai Future Foundation through its Sandbox Real Estate. The project will tokenize property deeds to enable the fractional ownership of real estate assets, and was introduced under the Real Estate Innovation Initiative.

The alert notes that some entities might have falsely claimed or purported their participation in the pilot phase of the DLD Real Estate Tokenization Project. As per the alert the project involves select participants approved by both DLD and VARA. The alert noted that no entities beyond those explicitly approved by DLD and VARA are authorized to participate in the pilot phase.

As per the alert, ” Any entity promoting their involvement in the Project without formal confirmation from either VARA or DLD is misrepresenting their status. Official communications confirming participation will be issued solely by DLD and/or VARA.”

The alert further states that entities marketing real estate tokenization services linked to assets in Dubai, have to be licensed or authorized by the relevant authorities. VARA notes that engaging with unlicensed platforms or those falsely claiming participation in the Project exposes consumers to significant financial risk. These services are not covered by the consumer protection, market integrity, or risk management measures built into the regulated pilot framework.

Entities engaging in or promoting unauthorized activities, or misrepresenting their regulatory status, are liable for enforcement action, including but not limited to public alerts, financial penalties, and market prohibitions.

Consumers and market participants are advised to exercise caution and verify the licensing status of all firms claiming to offer VA-related services by consulting the official VARA Public Register. Any promotional content referencing participation in the Project that has not been validated through VARA or DLD should be treated with caution.

Kuwait Ministry of Interior to target illegal crypto mining

Kuwait Ministry of Interior to target illegal crypto mining

The Kuwait Ministry of Interior (MoI) has issued a statement saying that crypto mining in the country is illegal and unlicensed. Officials from Kuwait’s Ministry of Electricity, Water and Renewable Energy noted that there are over 1,000 crypto mining sites in the country.

In a press statement published on X, the General Department of Security Relations and Media, at the ministry clarified that cryptocurrency mining violates several key laws, including Law No. (56) of 1996 related to the Industry Law, Law No. (31) of 1970 amending certain provisions of the Penal Code No. (16) of 1960, Law No. (37) of 2014 establishing the Communications and Information Technology Regulatory Authority (CITRA), and Law No. (33) of 2016 concerning the Kuwait Municipality.

The Ministry noted that crypto mining depletes electricity power and increases the load on the power networks which can result in power outages a threat to public safety.

This warning follows joint efforts between the Ministry of Interior, the Ministry of Electricity, Water and Renewable Energy, the Communications and Information Technology Authority, the Public Authority for Industry, and Kuwait Municipality. These efforts are part of a coordinated national initiative to address these illegal practices and reduce their adverse effects on the country’s electrical infrastructure.

The Ministry of Interior urged violators to promptly rectify their activities, emphasizing that failure to comply will result in necessary legal actions. Violators will be referred to the appropriate investigative authorities for further action in accordance with applicable laws.

Kuwait also considers crypto trading as illegal.

However Kuwait as a country is considered as one of the cheapest countries to carry out crypto mining because of its subsidized electricity cost. estimates have previously dubbed Kuwait the most affordable location to mine bitcoin (BTC) worldwide. One roundup suggested the cost of mining in Kuwait was just $1,400 per BTC in 2022 compared to more than $18,000 in Texas (bitcoin was worth more than $40,000 at the time).

Dubai’s Web 3.0 Momentum Accelerates with Unchained Summit

Dubai’s Web 3.0 Momentum Accelerates with Unchained Summit

As the city gears up to host the much-awaited Unchained Summit at the Kempinski Central Avenue on 28th and 29th April, a tide of excitement is rolling over the region’s Web 3.0, Blockchain, and Digital Assets industries.


The summit, hosted by Aeternum, promises more than an average Web 3.0 conference. It’s a high-conviction meeting of founders, investors, policy shapers, and enterprise leaders driving the frontiers of how decentralized infrastructure will transform identity, finance, and trust in the digital world.


Dubai’s Web 3.0 momentum is no longer a whisper, it’s a global signal. As the world tilts toward decentralized infrastructure, Dubai has emerged as the nexus where policy, capital, and innovation come together. With government-backed regulatory clarity, enterprise-grade adoption, and a thriving ecosystem of startups and investors, the emirate is fast becoming the capital of the decentralized ecosystem. Unchained Summit is more than a symptom of this energy; it’s the driving force. The Dubai edition brings global architects of Web 3.0 together in one place, making Dubai a living laboratory for what the internet of value, trust, and autonomy really is.


From builders to billionaires, Unchained Summit’s lineup of speakers include:
• Ronghui Gu, Co-Founder, Certik
• Ella Zhang, Head, YZi Labs
• Kostas Chalkias, Co-Founder and Chief Cryptographer, Mysten Labs
• Sreeram Kannan, Founder & CEO, EigenLayer
• May Zabaneh, VP of Product – Blockchain, Crypto & Digital Currencies, PayPal
• Greg Scanlon, VP Quantitative Blockchain, Franklin Templeton Digital Assets, Franklin Templeton
• Keone Hon, Co-Founder, Monad Foundation
• Lennix Lai, Global Chief Commercial Officer, OKX
• Nils Andersen-Röed, Global Head of FIU, Binance, and more.
“Web 3.0 is a collective movement, and Unchained Summit is where the next wave of builders and thinkers come together. We’re here to drive the conversation. Web 3.0’s growth hinges on infrastructure that can scale — it’s about throughput, cost-efficiency, and long-term sustainability. We’re proud to be at Unchained Summit, pushing the notion on sustainable blockchain designs,” said Abhijit Shukla, Founder of TAN Blockchain.


Richard Ma, CEO & Founder of Quantstamp said, “I’m honored to be speaking at Unchained Summit, a premier event bringing together visionary leaders and innovators in the Web 3.0 ecosystem. At Quantstamp, we’re dedicated to securing the future of blockchain, and I look forward to sharing insights on advancing security, trust, and resilience within this rapidly evolving industry.”


“Markets are moving on-chain—not just assets, but access, distribution, and users. We’re excited to be at Unchained Summit talking about what it takes to put real-world assets in the hands of real people,” said José F. Pereira, Executive Director, Own.
“Web 3.0 moves fast—and the ones who show up shape where it goes. Unchained Summit brings together the doers, not just the talkers. At TBV, we’re here to back the founders turning big ideas into real traction,” said Tobias Bauer, General Partner, TBV.


“Dubai is no longer just participating in Web 3.0, but it’s directing traffic,” says Sharath Kumar, Founder & CEO of Aeternum and organizer of Unchained Summit. “This is the one of the first real moments where we’re seeing decentralized technologies collide with institutional capital, national policy, and entrepreneurial energy—all in one city.”


Unchained Summit’s official sponsors include:
• Platinum Sponsors: Mesh and Own
• Afterparty Sponsor: Consciousness
• Gold Sponsors: KoinBX, MOI Technology, and TAN Blockchain
• Silver Sponsors: AEON, BTSE, Mantle Network, and f(x) Protocol
• Bronze Sponsors: BlockchainX, Gresham International, EcoTrader, and Threshold
• Official Media Partner: Coin Edition


With increasing interest in industries ranging from AI-driven gaming to tokenized assets, Unchained Summit indicates a wider industry transition: Web 3.0 is increasingly finding its way into mainstream enterprise planning. And as a result of this, after its Dubai edition, Unchained Summit is set to make its India debut on 5th and 6th December 2025, reaffirming its commitment to bridge APAC, Middle Eastern, and European Web 3.0 & Crypto ecosystems.
As the Dubai chapter draws to a close, one thing is certain: the decentralized future is no longer a distant prospect; it is happening already.
Tickets for the Dubai edition are on sale on the official site: unchainedsummit.com

UAE mobile gaming platform Rise of Fearless launches

UAE mobile gaming platform Rise of Fearless launches

Rise of Fearless, a UAE mobile gaming platform that merges African storytelling with immersive battle royale gameplay, has officially launched targeting over 680 million mobile users in an industry projected to reach a value of $3.72 billion by 2029.

Rise of Fearless is now available on the Apple App Store and on Google Play in its early release phase with plans to expand to other platforms.

Rise of Fearless offers intense, skill-based battle royale combat that is deeply rooted in Africa’s heritage and history – inspired by Ethiopia’s victory at the Battle of Adwa. The game launches as a free-to-play mobile experience to ensure accessibility to a broad audience.

As part of its future roadmap, Rise of Fearless plans to integrate Web3 technology and allow players to own in-game assets, earn rewards, and participate in a secure digital economy. The move to blockchain will empower African gamers with new financial opportunities, especially in regions with limited access to traditional banking.

The African gaming industry is growing at 12 percent annually outpacing global averages.

Rise of Fearless will utilize open-source smart contracts in its Web3 phase, giving players full ownership of in-game items, such as weapons, skins, and rewards. The blockchain-based system will create a fair, transparent, and financially rewarding gaming experience.

Kanessa Muluneh, founder of Rise of Fearless, noted, “As an Ethiopian-born entrepreneur in Dubai, I have experienced how the UAE’s ecosystem empowers changemakers and connects countries and cultures with gaming communities. We have invested significantly in developing Rise of Fearless and are now raising USD 700,000 to expand the game, enhance gameplay, and transition to Web3. This funding will allow us to build a blockchain-powered gaming ecosystem where players can truly own their digital assets and unlock new financial opportunities for gamers across Africa. With this expansion, Rise of Fearless will not only push the boundaries of African gaming but also drive knowledge transfer, job creation, and social impact in one of the fastest-growing gaming markets in the world.”

MantraChain OM Token is burning

MantraChain OM Token is burning

MANTRA Chain has announced through its CEO and Founder , John Patrick Mullin that they are currently burning 150 million allocation of team tokens. He had made this promise last week in an effort to rebuild trust and demonstrate an a focus on building trust, accessible and inclusive financial ecosystem through tokenization.

As per the announcement the Team and Core Contributor tokens were staked at mainnet genesis, in October 2024, to bootstrap network security. The process of unstaking 150 million tokens from the Team and Core Contributor bucket has now begun. It can be verified through the following transaction hash;

CE0E166DED4F267B22F16D011A7F511FFDDB4AADB31A2FE6A0E6E81690E339AA

DFB6C3DDFFDC09B9B2A16175401D8B7DB81C79C774203E17859694FA9D8C79C5

7D056D17F2A57A27E807FB9F12E739B24306FC7B8B651B27622A022EC18EFD5D

The unstaking period will be completed on 29 April 2025. Once this process is finalized, all tokens will be sent directly to the burn address: mantra1qqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqcg2my8.

These tokens will be permanently removed, reducing the total supply by the same amount, 150 million OM.

The announcements also added that MANTRA is in ongoing conversations with key ecosystem partners to implement an additional 150 million OM token burn, which will bring the total burn amount to 300 million OM.


After unbonding, MANTRA Chain will burn 150 million OM, reducing the total supply from 1.82 billion OM to 1.67 billion OM while decreasing staked tokens from 571.8 million OM to 421.8 million OM.

This strategic burn will lower the bonded ratio from 31.47% to 25.30%, resulting in an increase in staking APR. Once the burn transaction has been executed and confirmed on the blockchain, complete verification will be provided.

This comes a week after Mantra Chain, the Layer one tokenization platform, regulated in the UAE by Dubai’s Virtual Asset Regulatory Authority, has shed almost $10 billion dollars in less than 24 hours on April 13th 2025. The OM token price dropped from around $6 dollars to 0.37 in a matter of hours.

At the time both investors, Shorooq and Laser Digital denied that they had sold their OM Tokens, while Mantra Chain CEO seems to be pointing hands towards the crypto exchanges, when he shared his preliminary report.

ResolvLabs raises $10 million led by CyberFund

ResolvLabs raises $10 million led by CyberFund

ResolvLabs, a Delta-Neutral Stablecoin which offers delta-neutral yield strategy to USR stablecoin holders, inspired by structured finance products, has raised $10 million. The Co-Founder, and CEO Ivan Koslov, is based in Dubai UAE, yet ResolvLabs has no headquarters or location.

 The fundraising was led by Cyber.Fund and Maven11, with Coinbase Ventures, SCB Limited, Arrington Capital, Animoca Ventures also participating. As per the X post, ” With our target at $500k and oversubscription x10 we allocated $600k, appreciating the interest and support.”

In the coming months, the protocol plans to onboard additional yield sources, including BTC-based strategies, expand to new chains, and deepen integrations with DeFi partners and institutional asset managers.

As per the post their mission is to build a crypto yield powerhouse, empowering users and builders across DeFi to access secure, transparent yield at the protocol layer.

Animoca Ventures on an X post noted that they were proud to support ResolvLabs as they unlock secure, protocol-level yield, expanding to BTC strategies, new chains, and stronger DeFi and institutional integrations. Crypto yield demands trust, transparency, and talent. They’re delivering all three.

While delta-neutral backing provides great benefits, it also comes with risks. And stablecoin is only stable until it is not. That is why they have isolated these risks from the stablecoin and channeled them into a scalable tokenized protection layer, represented by Resolv Liquidity Pool (RLP), which is great for leveraged delta-neutral yield farming.

Resolv Labs, is the firm behind the $450 million decentralized finance (DeFi) protocol Resolv. “I view stablecoins as the perfect rails for yield distribution,” Ivan Kozlov, founder and CEO of Resolv, said in an interview with CoinDesk. “This may actually become larger than transaction stablecoins like [Tether’s] USDT in the future.”

With the new capital raise, Resolv plans to expand its yield sources to include bitcoin (BTC)-based strategies and deepening its integrations with institutional digital asset managers, Kozlov said. The protocol also aims to expand to new blockchains, widening its reach beyond early crypto adopters.

Fuze subsidiary Niobe licensed for digital asset payments in UAE

Fuze subsidiary Niobe licensed for digital asset payments in UAE

Fuze, a digital asset Blockchain enabled financial infrastructure providers, subsidiary Niobe Payment Services has been licensed to offer digital assets payments by the Central Bank of the UAE. The company now holds a Retail Payment Services and Card Schemes (RPSCS) license.

Fuze Group, through its subsidiary Niobe Payment Services LLC SPC, is now both a fully licensed operator for digital assets infrastructure and, through its payments infrastructure division, a regulated payment services provider for the region.

As per the press release, the new license will enable businesses to benefit from faster, more secure payment options, reduced transaction times and end-to-end compliance.

Mohammed Ali Yusuf (Mo Ali Yusuf), CEO and Co-Founder of Fuze said, “This license is the launchpad for the next generation of payments. It marks a key step in our mission to provide digital and AI-enabled infrastructure that will drive the future of finance and transform payments. We are privileged to be granted this license from the Central Bank and look forward to providing cutting-edge, compliant payment infrastructure and novel solutions – like virtual IBANs – for a range of businesses.”

Fuze’s technology will enhance digital payments, supporting the UAE Digital Economy Strategy, which aims to double the contribution of the digital economy to the UAE’s GDP to 19.4 per cent by 2032.

Through its strong regulatory foundation, Fuze is now launching a new payment platform that combines AI-driven technology, user-friendly design, and integrated compliance features, to simplify and support modern business needs.

With the license in place, Fuze will soon roll out a comprehensive, compliant suite of payment products with features that include digital payments and settlements through real-time infrastructure, AI-enhanced compliance and fraud detection engine, virtual IBANs to make it easier to collect payments and manage funds, and merchant tools to help UAE-based businesses to manage payments and grow

UAE and Turkey to share crypto asset transaction information in 2028 with OECD

UAE and Turkey to share crypto asset transaction information in 2028 with OECD

On 14 April 2025, the United Arab Emirates Cabinet of Ministers as well as the Turkish government approved the signing of the Multilateral Competent Authority Agreement on Automatic Exchange of Information pursuant to the Crypto-Asset Reporting Framework (CARF MCAA).

The CARF provides for the reporting of tax information on transactions in crypto-assets in a standardized manner, with a view to automatically exchanging such information. According to a OECD document on CARF commitments, the United Arab Emirates intends to exchange information under CARF by 2028.

As such both Turkey and USA have become part of the jurisdictions committed to implement the Crypto-Asset Reporting Framework
(CARF) in time to commence exchanges in 2027 or 2028 as part of the Global Forum’s CARF commitment process.

The UAE currently does not tax individuals on their crypto holdings.