UAE

China to Launch Flying Taxis by 2027, Exports to Russia, UAE Set

China has approved flight operations for two flying taxi manufacturers, GOVY and eVTOL, to develop small helicopters capable of flying between 100 and 300...

UAE Denies Issuing Golden Visas to Cryptocurrency Investors

The United Arab Emirates confirms that it does not grant golden visas to investors in digital currencies.Only specific categories, such as real estate investors,...

UAE Denies TON’s Golden Visa Offer for $100K Staked Toncoin

The Open Network (TON) announced a program offering 10-year UAE Golden Visas to applicants who stake $100,000 in Toncoin for three years and pay...

UAE Residents May Soon Pay Bills, Fines, and Salaries in Crypto

Cryptocurrency usage is growing in the UAE, with plans for residents to make a variety of payments in digital currencies. Dubai will soon enable cryptocurrency...

MultiBank signs record $3B real estate tokenization deal with UAE’s MAG

MultiBank Group has partnered with MAG and Mavryk to execute a $3 billion real estate tokenization deal, the largest of its kind globally.The initiative...

UAE to Roll Out Digital Dirham CBDC in Q4, Aims to Enhance Financial Stability

UAE's Central Bank plans to launch retail Digital Dirham CBDC in Q4 2024 as legal tender.The blockchain-based CBDC will be distributed through financial institutions...

UAE Dirham Takes Spotlight as Sonic Labs Drops US Dollar Stablecoin

Sonic Labs has abandoned plans for a USD algorithmic stablecoin, pivoting to a UAE dirham-denominated alternative.The decision follows the UAE's announcement of a digital...

Bybit Secures Preliminary Approval for UAE Crypto Operations

Bybit advances toward full operational status in UAE despite recent security challenges. The UAE's Securities and Commodities Authority has granted in-principle approval for virtual asset...

Latest news

Marex First to Use JPMorgan’s Kinexys Blockchain for Settlements

Marex became the first clearing firm to use JPMorgan's Kinexys blockchain platform for client settlements, working with Brevan Howard...

IREN Shares Jump 11% as July Bitcoin Production Tops MARA

IREN Ltd shares rose 11.4% after reporting $86 million in July revenue and strong Bitcoin mining results.The company mined...

S Token Launches on Coinbase, Sonic Unveils Summit and Updates

The S token is now available for trading on Coinbase and can be used on multiple platforms.Sonic Labs has...

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