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UAE agriculture authority prohibits crypto mining on farms: Report
24.5.2024
Those caught mining crypto on farms face fines of up to 10,000 dirhams, or about $2,722
Custody Provider Liminal Receives Approval in Abu Dhabi as it Expands to Middle East
13.5.2024
Liminal, a leading Singapore-based custody services provider, has achieved a significant milestone in its global expansion journey with regulatory approval in Abu Dhabi.
The post Custody Provider Liminal Receives Approval in Abu Dhabi as it Expands to Middle East appeared first on Cryptonews
Blockdaemon gets greenlight for UAE expansion in Abu Dhabi
13.5.2024
Blockdaemon gets the go-ahead for further expansion in the UAE with a new office in Abu Dhabi to boost web3 growth and push for institutional-grade adoption
Custody Provider Liminal Wins Approval in Abu Dhabi as It Extends Expansion in Asia
13.5.2024
Singapore-based Liminal won approval to operate as a regulated custodian, another sign of its expanding footprint in the APAC and MENA regions
QCP Capital Secures Approval to Expand into Abu Dhabi, Strengthening Presence in the Middle East
7.5.2024
QCP Capital, a prominent options trading desk for digital assets, has received initial approval to operate in Abu Dhabi, marking its expansion into the Middle East.
The post QCP Capital Secures Approval to Expand into Abu Dhabi, Strengthening Presence in the Middle East appeared first on Cryptonews
Crypto options desk QCP Capital wins Abu Dhabi license: Report
7.5.2024
The in-principle approval enables QCP Capital to offer regulated digital asset activities in the region
QCP Receives In-Principal Approval From Abu Dhabi Regulator
7.5.2024
QCP said in April it was setting up shop in Abu Dhabi in collaboration with Further Ventures
QCP Capital and Further Ventures Announce Partnership for Middle East Crypto Expansion
17.4.2024
Both companies plan to develop new institutional digital offerings, while QCP is set to open an Abu Dhabi shop
StanChart-Backed Zodia Markets’ Co-Founder Applauds Abu Dhabi’s Crypto Regulators, Calls Out UK’s Lag
12.4.2024
Zodia Markets' co-founder, Nick Philpott, praised Abu Dhabi’s crypto regulations, emphasizing the “remarkable” degree of interaction with regulatory authorities in the region.
The post StanChart-Backed Zodia Markets’ Co-Founder Applauds Abu Dhabi’s Crypto Regulators, Calls Out UK’s Lag appeared...
Nexo Secures Preliminary VARA Approval to Launch Crypto Lending and Brokerage Services in Dubai
6.3.2024
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 within the UAE’s most populous city. Nexo Gains Initial VARA...
Crypto Miner Phoenix Group Reports 50% Jump in Net Income
15.2.2024
UAE-based blockchain mining firm Phoenix Group said it has seen a 50% growth in net income and a “substantial increase” in year-on-year sales following its initial public offering (IPO) on the Abu Dhabi Stock Exchange. In an announcement, Phoenix Group said sales experienced a surge of...
Bridgetower Capital and Deus X Capital Launch $250 Million Digital Asset Platform in UAE
8.2.2024
Bridgetower Middle East, established by Bridgetower Capital and Deus X Capital, launched a digital asset platform in Abu Dhabi to cater to institutional investors in the UAE and Middle East. Arabian Business reported the establishment of Bridgetower ME, a joint venture between Bridgetower Capital...
Solana Foundation Teams Up with Abu Dhabi Free Zone for Web3 Push
8.2.2024
Abu Dhabi Global Market (ADGM) and Solana Foundation announced Wednesday an agreement to explore blockchain ecosystem development. The collaboration aims to improve Distributed Ledger Technology solutions and drive forward blockchain innovation, a press release said. “We are excited to partner with...
UAE and China Complete First $13.6M Cross-Border CBDC Transaction
2.2.2024
The United Arab Emirates and China have executed their first cross-border central bank digital currency (CBDC) transaction valued at $13.6 million using digital dirham and digital yuan. According to People.cn, the 50-million-dirham ($13.6 million) transaction occurred via the m-CBDC Bridge platform...
UAE President Sheikh Mohamed bin Zayed Forms AI Council to Shape Future Technologies
23.1.2024
Source: Pexels In another pro-tech initiative, the United Arab Emirates (UAE) President Sheikh Mohamed bin Zayed Al Nahyan has announced the creation of an Artificial Intelligence and Advanced Technology Council (AIATC). In his capacity as Ruler of Abu Dhabi, the UAE President has issued a...
UAE-Based Phoenix Group Bolsters Mining Capabilities With $187M Bitmain Deal Amidst Global ASIC Race
10.1.2024
Phoenix Group, a bitcoin mining and blockchain infrastructure company, recently disclosed its acquisition of $187 million in application-specific integrated circuit (ASIC) bitcoin mining rigs. The purchase was made from Bitmain, one of the leading ASIC manufacturers in the industry. Phoenix Group...
Coinbase Reveals ‘Project Diamond’ Initiative, Targets Institutions Issuing Native Digital Assets
15.12.2023
Coinbase, the largest U.S.-based crypto exchange, has revealed Project Diamond, an initiative that seeks to provide the tools for institutions to issue native digital assets. The project, which integrates several technologies, including Coinbase’s layer 2 product Base, the USDC stablecoin...
Coinbase to Bring TradFi Assets On-Chain With New Platform Built on Base Under Abu Dhabi Regulator's Oversight
12.12.2023
Coinbase's Project Diamond lets institutions create and trade digital native versions of financial instruments such as debt using Base in a regulated manner
Crypto Exchange Binance Drops Abu Dhabi License Application as Global Needs Shift
9.12.2023
Crypto exchange Binance has withdrawn its application for a license in Abu Dhabi. “When assessing our global licensing needs, we decided this application was not necessary,” a Binance spokesperson stated, adding that the company plans to continue to work with regulators “to...
First Mover Americas: Binance Withdraws an Abu Dhabi License Application
8.12.2023
The latest price moves in bitcoin [BTC] and crypto markets in context for Dec. 8, 2023. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets