UAE

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...

UAE Real Estate Giant Embraces Crypto Payments for Property Sales

UAE-based Web3 platform Klickl partners with Imkan Properties to enable cryptocurrency payments for real estate purchases. The collaboration will support Bitcoin, Ethereum, and stablecoin transactions...

UAE Crypto Integration: Daily Transactions Could Become Reality Within Two Years

UAE could integrate cryptocurrency for everyday transactions within two years. Discussions underway with Emirates Petroleum for crypto payments at fuel stations. Partnership with Mastercard and Dubai...

UAE’s Crypto.com Explores Fuel Payment Partnership with Emirates Petroleum

UAE shows rapid advancement in cryptocurrency adoption, with plans to implement crypto payments for everyday transactions including fuel purchases. The UAE's regulatory framework, particularly VARA,...

UAE Crypto Firm in Talks to Enable Digital Currency Payments at Gas Stations

UAE is rapidly advancing in crypto adoption, with plans to implement cryptocurrency payments for everyday transactions including fuel purchases. The UAE's regulatory framework, including VARA,...

Latest news

Senate GOP Updated Clarity Act Targets Fake DeFi, Vote Set

Senate Republicans released an updated Clarity Act on Thursday targeting non-decentralized crypto trading protocols.The bill would require protocols controlled...

TSMC revenue hits record $16.3B, AI demand fuels 53% jump

TSMC reported a record August revenue of NT$514.8 billion ($16.3 billion), marking a 53.3% year-over-year increase and its fourth...

AI Leaves Banks Minutes to Fix Flaws: BIS

A BIS paper warns that AI is shortening the time banks have to repair software vulnerabilities.The authors say routine...