adminGalaxy 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…