- The UAE central bank asserts financial stability following regional missile attacks, highlighting strong banking sector metrics.
- Crypto exchanges like Bybit and Bitget have activated emergency protocols and cross-regional support for staff safety.
- The UAE hosts over 1,800 crypto firms, making its operational continuity a focal point during geopolitical tensions.
- Banking sector assets exceed $1.48 trillion, with capital and liquidity ratios well above international standards.
The United Arab Emirates’ central bank moved this week to reassure markets that its financial system remains fully operational despite escalating regional conflict involving the US, Israel, and Iran. This statement follows Iranian drone and missile attacks that Dubai-emirates-tourism-attack-b256f514b290c987b3004cc87744f038″ rel=”noopener nofollow” target=”_blank”>targeted the UAE and caused damage near Dubai’s key infrastructure.
Central Bank Governor Khaled Mohamed Balama emphasized the sector’s resilience and stability. Consequently, he cited a capital adequacy ratio of about 17% and a liquidity coverage ratio exceeding 146.6%.
Total assets in the UAE banking and financial sector now surpass $1.48 trillion. The regulator continues coordinating with institutions to monitor developments and ensure readiness.
Meanwhile, the UAE’s role as a growing digital asset hub draws added attention. More than 1,800 crypto companies employing over 8,600 people operate across the UAE.
Some crypto firms have taken precautionary steps. For instance, Bybit began reviewing employee safety and activating cross-regional support systems, according to a report.
Bitget CEO Gracy Chen informed staff via an internal letter that the exchange activated emergency protocols. “We have activated emergency protocols and will accompany and support every colleague during this special period,” Chen wrote.
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