News with the tag "AED"

Blockchain company and stablecoin issuer Ripple has minted an additional 28.2 million Ripple USD (RLUSD) tokens in the past 24 hours. According to the Ripple Stablecoin Tracker X account, the company minted $25 million worth of RLUSD on Ethereum in the late hours of Monday, its largest token mint si...

Jeremy Allaire, co-founder of financial technology company Circle, calls for the registration of dollar stablecoin issuers in the US. Recently, stablecoins have become a hot topic in the crypto market, receiving more attention than ever as regulatory scrutiny is ramped up. One of the first issues ex...

The Arab Financial Services (AFS), a MENA-based digital payment solutions provider and fintech enabler, has partnered with Ternoa Blockchain to onboard billions of retail customers into crypto. AFS’ partnership with Ternoa Blockchain, described as a secure and cost-efficient PayFi network, is expect...

A recent research by AppsFlyer measuring installation and user trends for 49 of the most popular crypto apps found that the UAE saw a 41% year-on-year increase in crypto trading and management application installations. In 2024, the UAE saw 15 million crypto app downloads, with the most happening in...

Google announced that it has updated the cryptocurrencies and related products policy in the UAE to clarify the scope and requirements for the advertisement of complex speculative financial products. As per Google’s policy update, starting February 26, 2025, advertisers offering cryptocurrency excha...

The UAE Ministry of Interior and the Dubai Virtual Assets Regulatory Authority (VARA) have teamed up to to combat virtual asset financial crimes using specialized task forces, electronic platforms, and training programs. As per the press release , this agreement highlights the UAE’s commitment to sa...

CLS Global, a crypto financial services firm convicted in a market manipulation scheme involving NextFundAI (NEXF), has pleaded guilty to charges filed by authorities. The UAE-based firm agreed to plead guilty to two counts of fraudulent manipulation of trading volumes and wire fraud in a plea deal ...

The UAE government has announced that it will evolve into an AI-powered government as part of the Abu Dhabi Government Digital Strategy 2025-2027. It plans to invest $3.5 billion (AED13 billion) during that period. The Department of Government Enablement- Abu Dhabi (DGE) will spearhead the campaign ...

Further Ventures, an Abu Dhabi private equity fund, backed by sovereign wealth fund ADQ, has invested in French DFNS, a digital assets wallet and custody solution developer which has just raised $16 million in a series A round. The startup notes that it is competing with the likes of Fireblocks and ...

HashKey Group (“HashKey”), a Hong Kong based digital asset group, announced that its subsidiary HashKey MENA, had received in principle approval from Dubai’s Virtual Assets Regulatory Authority (VARA) to offer crypto broker services to retail and institutional investors. HashKey Group is a digital a...