UAE – Page 8 – Ƀitsell X

Today in Crypto: Wirex Signes Long-term Global Partnership with Visa, Bank of Brazil Says Citizens Can Pay Taxes with Crypto, MetaMask Warns Users About Phishing Attempts

February 13, 2023

Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________… Read More: Today in Crypto: Wirex Signes Long-term Global Partnership with Visa, Bank of Brazil Says Citizens Can Pay Taxes with Crypto, MetaMask Warns Users About Phishing Attempts Read more »Sign up for…
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Dubai Takes a Stand Against Privacy Coins with Ban on Anonymity-Enhancing Crypto

February 9, 2023

Dubai’s virtual asset authority has prohibited the use of privacy coins such as Monero (XMR) and ZCash (ZEC), as well as any activities related to the coins. According to the new set of crypto regulations, “The issuance of Anonymity-Enhanced Cryptocurrencies and all VA Activity[ies] related to them are prohibited in the Emirate.” The regulator defines…
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3AC Co-Founder Kyle Davies Fails to Respond to Liquidators’ Subpoena Despite Twitter Delivery

February 8, 2023

According to recent court filings, Kyle Davies, co-founder of the defunct cryptocurrency hedge fund Three Arrows Capital (3AC), has allegedly failed to respond to a subpoena from the firm’s current liquidators, despite it being sent via Twitter. Representatives from advisory company Teneo state that Davies continues to ignore his obligations to Three Arrows. 3AC Liquidators…
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Crypto Will ‘Play a Major Role’ in UAE Trade Going Forward, Minister Says

January 24, 2023

The United Arab Emirates (UAE) minister of state for foreign trade says that cryptocurrency “will play a major role for UAE trade going forward.” He stressed: “The most important thing is that we ensure global governance when it comes to cryptocurrencies and crypto companies.” Crypto to Play a Major Role in the UAE United Arab…
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UAE Minister Says Crypto Will Play a “Major Role for UAE Trade Going Forward”

January 21, 2023

The United Arab Emirates plans to use crypto for trade in the future and also set up a working regulatory framework, according to the country’s minister of state for foreign trade. Speaking with Bloomberg on Jan. 20 in Davos Switzerland, where the World Economic Forum’s annual meeting is taking place, Thani Al-Zeyoudi said the UAE is considering…
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Crypto to play ‘major role’ in UAE trade: foreign trade Minister

January 21, 2023

UAE’s minister of state for foreign trade Thani Al-Zeyoudi noted that as the country has attracted a lot of talent from the crypto sector, the UAE now needs to roll out the correct regulation to support further growth. Crypto will play a “major role” in the United Arab Emirates’ global trade moving forward, says the…
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Crypto makes history in 2022: Five instances of governments embracing digital assets

January 1, 2023

Even amid the market breakdown and repetitive public attacks on the industry, some of the officials found the courage to embrace the innovation. The year 2022 wasn’t the best one in terms of crypto reputation among regulators and policymakers. However, even amid the market breakdown and repetitive public attacks on the industry, some of the…
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Dubai Multi Commodities Centre to Issue Gold Backed Tokens Using the Xinfin Blockchain Protocol

November 24, 2022

The Dubai Multi Commodities Centre (DMCC) has announced a new partnership with the firm Comtech Gold in order to digitize gold trading. The DMCC said the tokenized precious metals are backed by DMCC Tradeflow-registered gold bars, and each tokenized gold bar “will be backed by a Tradeflow warrant.” DMCC to Digitize Tradeflow-Registered Gold Bars via…
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Co-Founder of Russia’s Largest Crypto Pyramid Finiko Arrested in UAE

November 18, 2022

One of the founders of Russia’s most notorious Ponzi scheme in recent times, Finiko, is in detention in the United Arab Emirates, according to a Russian media report. The close associate of the crypto pyramid’s mastermind left the Russian Federation as the scam collapsed last summer. UAE Authorities Review Russian Extradition Request for Top Finiko…
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News Summary: SBF May be Brought to US for Questioning, FTX Australia’s Financial License Suspended, FTX Bahama-based Subsidiary Files for Bankruptcy

November 16, 2022

Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________… Read More: News Summary: SBF May be Brought to US for Questioning, FTX Australia’s Financial License Suspended, FTX Bahama-based Subsidiary Files for Bankruptcy Read more »Sign up for e-EUR – the progressive stablecoin

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