News with the tag "United Arab Emirates"

The Dubai Financial Services Authority has launched the tokenization regulatory sandbox to support firms developing tokenized investment products within the Dubai International Financial Centre. Crypto Tokens Excluded The Dubai Financial Services Authority (DFSA) has announced the launch of its Toke...

The Virtual Assets Regulatory Authority (VARA) has issued an alert regarding MKAN Coin DMCC, which advertised virtual asset activities in the United Arab Emirates (UAE) without the necessary regulatory approval. VARA has instructed the company to cease all unlicensed operations and imposed a fine. T...

Arab Financial Services, a Middle East and Africa digital payments provider, has partnered with Ternoa to introduce cryptocurrency payments in the United Arab Emirates. Stablecoin Payments at POS Terminals Arab Financial Services (AFS), a digital payment solutions provider focused on the Middle East...

Stablecoin issuer Circle announced that its flagship asset USDC and its smaller euro-based stablecoin EURC have both been approved as “recognized crypto tokens” by the Dubai Financial Services Authority (DFSA). The recognition will allow the 6,000 companies in the Dubai International Financial Centr...

DeFi platform MANTRA Finance has obtained a Virtual Asset Service Provider license from Dubai regulators to operate as a trading platform in the UAE. According to a press release sent to crypto.news, after receiving the VASP license, the DeFi platform operated by MANTRA ( OM ) group plans to further...

Dubai’s Virtual Asset Regulatory Authority (VARA) has issued a warning to investors and consumers about the risks of memecoins, which are highly speculative and volatile assets often subject to market manipulation. Memecoin Issuers Face VARA Scrutiny Dubai’s VARA has warned investors and consumers t...

The Virtual Assets Regulatory Authority has issued a public alert cautioning investors against meme coin advertisements due to their high-risk nature. Dubai’s crypto regulator the Virtual Assets Regulatory Authority has issued a warning about meme coin promotions as meme coins show no signs of losin...

Phoenix Group reported $107 million in Bitcoin mining revenue for 2024, more than a 230% jump from 2023. Cryptocurrency miner Phoenix Group saw its mining revenue surge 236% in 2024, reaching $107 million as it expanded operations and navigated industry challenges, the firm said. In a Feb. 12 press ...

Stablecoin issuer Tether has introduced USDT payments for real estate transactions in the United Arab Emirates (UAE). As part of a recent partnership with UAE-based real estate platform Reelly Tech, the move will let over 30,000 real-estate agents close property deals using USDT, making the payment ...

Tether and Reelly Tech are teaming up to integrate USDT into real estate transactions in the UAE. The partnership aims to improve efficiency in real estate deals while educating agents on the practical applications of stablecoins . Reelly Tech, which connects over 30,000 real estate agents across th...