adminUAE’s dirham stablecoin race widens as RAKBank nets in-principle approval
In recent developments, rAKBank’s in-principle nod from the Central Bank of the UAE to launch a dirham-backed stablecoin adds a homegrown bank to the UAE’s stablecoin race. Looking closer, market…
‘UAE Is All-in on Crypto’: Coinbase and Ripple Align as Market Gravity Sh…
In recent developments, the UAE is cementing its status as a global crypto capital as Coinbase and Ripple align publicly on its regulatory clarity, innovation-first mindset and growing influence over…
UAE telco giant e& taps dirham stablecoin for bill payments pilot
In recent developments, the MoU marks a cautious step toward real-world stablecoin payments in the UAE, with e& assessing how AE Coin may integrate into its digital channels. Looking closer,…
Galaxy expands to UAE as part of Middle East push
In recent developments, the digital assets company is one of many to seek regulatory approval from UAE authorities or attempt to expand their services into a region drawing them in.…
UAE’s new financial law pulls DeFi and Web3 into regulatory scope
In recent developments, federal Decree Law No. 6 expands the UAE central bank’s authority over DeFi, ending the “just code” defense and imposing penalties of up to $272 million. Looking…
UAE and China Complete Landmark Transaction Using Digital Dirhams
In recent developments, the government of the UAE completed the first transaction using digital dirhams, its CBDC, to make a cross-border payment to China. The development, which leveraged the Mbridge…