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UAE
Crypto Industry Looks to the UAE; Crypto’s Environmental Concerns
South Korea approves fifth cash-to-crypto exchange. Crypto-friendly regulations see industry players setting their sights on the UAE. Earth Day report on the effects of energy-intensive blockchain technology on the environment. Pudgy Penguins mystery map sends NFT sales soaring. Those stories and other news shaping the cryptocurrency and blockchain world in this episode of “The Daily Forkast.”
Binance Gets In-Principle Approval to Operate as Crypto Broker-Dealer in Abu Dhabi
The crypto exchange is seeking to be a fully regulated virtual asset service provider throughout the Middle East and beyond.
Dubai Attracts Crypto.com, Bybit as Friendly Rules Bear Fruit
Crypto.com is establishing an office in Dubai while Bybit is moving its global HQ.
Abu Dhabi Free Zone Seeks Comments on NFT Rules
A consultation paper is looking to bring NFTs into the emirate's regulatory framework for virtual assets.
Russians Looking to the UAE to Unload Billions in Crypto Assets: Report
Other Russians are reportedly looking to use their crypto to invest in property in the UAE.
Dubai Adopts Initial Crypto Law, Establishes Independent Authority for Oversight
"The future belongs to whoever designs it," tweeted Sheikh Mohammed bin Rashid Al Maktoum.
UAE to Issue Crypto Licenses in Bid to Become Industry Hub: Report
The Middle Eastern country is gearing up to become a global crypto hub.
UAE Wealth Fund Mubadala Investing in Crypto Ecosystem: CEO
While “many people are skeptics, I do not fall in that category,” said CEO Khaldoon Al Mubarak.
UAE-Based Phoenix Technology Consultants Places Order for $650M Worth of Crypto Mining Rigs
The purchase is one of the biggest ever and puts UAE on the crypto mining map.
mBridge Reveals 15 Use Cases and 22 Heavyweight Participants
Goldman Sachs, HSBC, Société Générale, and China’s biggest state-owned banks are part of the project.
