Crypto mining firm Phoenix Group sells 10% of its shares to Abu Dhabi IHC
UAE based Phoenix Group has sold 10% of its company shares to Abu Dhabi conglomerate International Holding Company’s subsidiary. IHC’s wholly owned unit, International Tech...
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UAE Public Prosecution discusses money laundering crimes using virtual assets
The UAE Public Prosecution is launching a forum entitled “Financial Crimes Foresight Forum” on 11th October 2023, to discuss money laundering crimes using Virtual Assets....
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Dubai’s virtual asset regulator ceases sale of Islamic Coin token in UAE
In a recent marketplace alert issued by Dubai’s virtual asset regulatory authority, it warns investors and market participants of the unauthorized issuance, marketing, and retail...
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South African crypto exchange receives initial approval from Dubai’s virtual asset regulator
In a blog announcement published by VALR, a South African based crypto exchange, they state that their subsidiary VALR FZE has won an initial approval...
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A stablecoin to be launched in Abu Dhabi UAE
According to a recent Bloomberg article published October 2nd 2023, Abu Dhabi UAE will witness the launch of a stablecoin. Former Softbank vice president, Akshay...
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100K USD prized Web3 Hackathon in Dubai UAE with Bybit crypto exchange and DMCC
Crypto exchange Bybit, which recently launched its headquarters out of Dubai UAE, but is still seeking its regulatory license has once again forged a partnership...
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Nomura’s Laser Digital crypto broker takes the UAE by storm
Nomura’s crypto broker, and crypto investment service provider, Laser Digital which recently received a full license from Dubai’s virtual asset regulatory authority, VARA has now...
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MENA receives $389 billion worth of crypto with Saudi Arabia seeing biggest growth
Chainalysis has completed its MENA section of its 2023 Geography of Cryptocurrency Report which will be out soon. In the report the MENA region is...
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Dubai virtual asset regulator issues market notice against JPEX crypto exchange
As Hong Kong police investigate allegations of fraud against cryptocurrency trading platform JPEX after investors complained of HK$1.3bn ($166m; £134m) in losses, Dubai’s virtual asset...
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Dubai’s Virtual asset regulatory authority issues stablecoin regulations
Dubai’s Virtual asset regulatory authority ( VARA) has updated its virtual asset rulebook and added new regulations with regards to what it calls Fiat referenced...
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