Category: Abu Dhabi Global Market

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Paxos Secures In Principle Approvals for Stablecoin Issuance and Crypto Services in Abu Dhabi

November 30, 2023

Paxos, a provider of blockchain and tokenization infrastructure, has recently received preliminary approvals from the Financial Services Regulatory Authority (FSRA) of Abu Dhabi. The company stated that these endorsements are crucial steps for Paxos, enabling it to issue stablecoins pegged to the U.S. dollar and introduce crypto brokerage and custodial services in the Abu Dhabi…
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Dubai Property Developer Completes Real Estate Deals Worth $50M via Crypto

June 4, 2022

According to an executive with the Dubai-based DAMAC Properties, the real estate development “company has already succeeded in concluding real estate deals worth $50 million via cryptocurrencies since the beginning of this year.” The executive, however, says his company is facing challenges convincing the older generation decision-makers to buy into the metaverse, non-fungible tokens, and…
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