Standard Chartered has launched a digital asset custody service in the United Arab Emirates (UAE), licensed by the Dubai Financial Services Authority. The service aims to provide secure storage for digital assets, initially focusing on bitcoin and ethereum. Brevan Howard Digital is the first client, and the bank plans further expansion into additional digital assets.…
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Source: Pixabay The Dubai Financial Services Authority (DFSA) has expanded its recognition of digital assets, adding Ripple (XRP) and Toncoin (TON) to its list of officially recognized tokens. This development underscores the DFSA’s commitment to creating a conducive regulatory environment for digital assets. The authority introduced cryptocurrency regulations in October 2021, reinforcing them in November…
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The Dubai World Trade Centre (DWTC) will become a crypto zone and regulator for virtual assets and crypto, comprising digital assets, goods, operators, and exchanges, as part of the Dubai government’s efforts to build new economic sectors. Dubai Likes Crypto The United Arab Emirates (UAE) is becoming one of the world’s most cryptocurrency-friendly jurisdiction, with…
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