UAE


Policy

UAE Exempts Crypto Transactions From Value Added Tax

The update in the law applies retrospectively from Jan. 1, 2018.

16:9 UAE dirham (Pixelline studios/Pixabay)

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

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