UAE

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10 May 23

Dubai’s regulator, VARA, clears MaskEX to launch in UAE

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Dubai’s Virtual Asset Regulatory Authority (VARA) has granted initial approval to MaskEX, for the platform’s launch in the United Arab Emirates (UAE). A milestone for MaskEX The approval is a milestone for MaskEX, a cryptocurrency exchange, allowing the ramp to prepare […]

19 Apr 23

UAE to issue licenses for businesses with virtual assets services

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied The United Arab Emirates (UAE) government financial regulatory body has stated that it would begin accepting license applications from businesses that want to offer virtual asset services inside the UAE. The UAE is a member of the Gulf Cooperation Council (GCC). […]

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24 Mar 23

UAE central bank rolls out CBDC strategy

The Central Bank of the United Arab Emirates (CBUAE) has released its CBDC strategy. R3 and G42 Cloud have been chosen as the infrastructure and technology providers, with the first phase of the CBDC implementation expected to be completed within the next 15 months. The UAE commences CBDC implementation The UAE has officially entered the […]

21 Jan 23

Crypto will become a vital part of UAE trades, says minister

Thani Al-Zeyoudi, the United Arab Emirate minister of state for foreign trade, while speaking to Bloomberg at the world economic forum summit, hinted at the country’s plans to make crypto a critical part of its economic development. However, he noted that the UAE would subsequently come up with proper regulations to guide the use of crypto. The […]