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After completing the preparatory stage and obtaining the operational license in Dubai, Crypto.com plans to provide a comprehensive range of institutional services in compliance with regulatory requirements. Go to Source Powered by WPeMatico
The bridge would be the second for the UAE, whose banks successfully participated in the mBridge project last year with Hong Kong, China and Thailand. Go to Source Powered by WPeMatico
India’s central bank, the Reserve Bank of India (RBI), and the Central Bank of the United Arab Emirates (UAE) have agreed to collaborate on cross-border central bank digital currency (CBDC) transactions of remittances and trade. The initiative is “expected to reduce costs, increase efficiency of cross border transactions and further the economic ties between India … Read more
The investment branch of FTX, Alameda Research, reached an agreement to sell its interest in Sequoia Capital for $45 million in cash to the Abu Dhabi sovereign wealth fund. Go to Source Powered by WPeMatico
Crypto mining operators, custodians and Binance personally received a fine doze of the United States officials’ attention last week. Go to Source Powered by WPeMatico
The free zone for virtual asset firms in the Ras Al Khaimah emirate aims to foster regulated and non-regulated activities. Go to Source Powered by WPeMatico
Free-trade zones in the UAE are areas where entrepreneurs have 100% ownership of their businesses and have their own regulatory frameworks and tax schemes. Go to Source Powered by WPeMatico
The initiative promises to provide Web3 startups with access to corporate, government, and investment partners in both global markets and the UAE. Go to Source Powered by WPeMatico
On Feb. 12, 2023, the Central Bank of the United Arab Emirates (CBUAE) announced the launch of a new initiative called the “Financial Infrastructure Transformation Program,” which has nine key objectives. One of these objectives is the research and development of a central bank digital currency (CBDC) designed to address both cross-border payments and domestic … Read more
According to recent court filings, Kyle Davies, co-founder of the defunct cryptocurrency hedge fund Three Arrows Capital (3AC), has allegedly failed to respond to a subpoena from the firm’s current liquidators, despite it being sent via Twitter. Representatives from advisory company Teneo state that Davies continues to ignore his obligations to Three Arrows. 3AC Liquidators … Read more
