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UAE
Trump Leads Harris on Polymarket After Musk Endorsement; Tether Celebrates 10-Year Birthday
"CoinDesk Daily" host Christine Lee breaks down the biggest headlines in the crypto industry today, as Donald Trump is leading Democratic rival Kamala Harris by 3 percentage points in Polymarket's election contract following Elon Musk's endorsement. Plus, Tether is developing a customized stablecoin solution to adhere to regulatory requirements in Europe and the UAE has exempted all crypto transactions from having to pay value-added tax.
UAE Exempts Crypto Transactions From Value Added Tax
The update in the law applies retrospectively from Jan. 1, 2018.
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
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.
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.
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.
Crypto.com Obtains Full Dubai Operational License
As a first step, institutional investors will be able to use the Crypto.com exchange.
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.
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.
Digital Asset Investment Platform Fasset Wins Operational License in Dubai
The licence will allow Fasset to serve institutional investors, qualified investors and retail investors.