Licenced financial organisations must check customer IDs. LFIs must verify client identification under new CBUAE guidelines. By June, the upgrade will take effect. The CBUAE
The bank is investigating technology platforms and solutions for its own digital money. Qatar, a country with a population of approximately 2.8 million, will experiment
Dubai School Will Accept Tuition Fees Payment in Bitcoin and Ethereum. Following the widespread adoption of cryptocurrencies in many areas of the world, a new
Cypher Capital, a venture capital (VC) firm based in the United Arab Emirates (UAE), has announced the launch of a $100 million seed fund focused
Dubai police declared during the World Police Summit that they will use blockchain technology to combat crime, notably cryptocurrency-related criminality. In recent years, cryptocurrency has
Stella Stays, a hospitality business based in the United Arab Emirates (UAE), has announced that customers can now pay for services using cryptocurrencies. Clients can
With the new licence, Sam Bankman-FTX Fried’s crypto exchange will be able to provide crypto derivatives to institutional investors in Dubai. FTX, a major worldwide
The Dubai International Financial Centre (DIFC), the regulatory arm of the United Arab Emirates (UAEspecial )’s economic zone, has released a consultation document describing its
As a result of Russia’s aggression against Ukraine, Goldman Sachs is moving some of its Moscow-based employees to the United Arab Emirates, according to multiple
DAMAC Properties, one of the United Arab Emirates’ (UAE) largest real estate property developers, is aiming to launch a metaverse project soon, according to the
SEBA Bank, a Swiss crypto bank, recently received approval to operate in the Abu Dhabi Global Market (ADGM), the UAE’s financial center. SEBA can now
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