UAE


Finance

Tether Plans to Develop UAE Dirham-Pegged Stablecoin Alongside Phoenix Group

Tether plans to seek licensing for the stablecoin under the U.A.E. central bank's Payment Token Services Regulation

16:9 UAE dirham (Pixelline studios/Pixabay)

Policy

What a Dubai Court Ordering a Company to Pay Its Employee in Crypto Means

The ruling may not necessarily mean crypto is legalized for salary payment in general, two Dubai-based lawyers told CoinDesk.

Skyscrapers in Dubai (Kent Tupas/Unsplash)

Finance

Indian Crypto Exchange CoinDCX Acquires BitOasis to Enter Middle East

BitOasis recently won a license to operate as a broker-dealer in Bahrain and is also licensed in its native UAE.

CoinDCX's co-founders Neeraj Khandelwal and Sumit Gupta (CoinDCX)

Finance

Crypto Exchange Bitpanda Expands Austrian Presence With Raiffeisen Bank Partnership

Earlier this week, Bitpanda said it was opening a Dubai office, making UAE the choice of its first expansion outside of Europe.

The founders of Bitpanda (L-R) Christian Trummer, Paul Klanschek, Eric Demuth (Bitpanda)

Policy

Crypto.com Obtains Full Dubai Operational License

As a first step, institutional investors will be able to use the Crypto.com exchange.

Skyscrapers in Dubai (Kent Tupas/Unsplash)

Policy

Crypto Lender Nexo Secures First Regulatory Victory in Dubai

Receiving a full license involves three stages: an initial provisional permit, a preparatory license, and an operating license.

headshot of Nexo co-founder and managing partner Kalin Metodiev

Markets

Crypto Miner Phoenix Group's Shares Surge 35% in Abu Dhabi Stock Market Debut

In November, the UAE-based company said its initial public offering (IPO) was 33-times oversubscribed.

Abu Dhabi (Kamil Rogalinski/Unsplash)

Policy

Digital Asset Investment Platform Fasset Wins Operational License in Dubai

The licence will allow Fasset to serve institutional investors, qualified investors and retail investors.

Skyscrapers in Dubai (Kent Tupas/Unsplash)

Finance

Crypto Miner Phoenix Group Says UAE Initial Share Sale Was 33-Times Oversubscribed

Phoenix was looking to sell almost 18% of the company for a target raise of $368 million.

Abu Dhabi skyline at dusk

Finance

Head of Dubai Crypto Regulator to Quit to 'Pursue Other Interests'

VARA also plans to fine at least 12 crypto companies for failing to comply with guidelines by a Nov. 17 deadline, Bloomberg reported.

Skyscrapers in Dubai (Kent Tupas/Unsplash)