Cryptocurrency

Ripple to introduce cross-border payment services in UAE following DFSA approval

Ripple will be the first blockchain-enabled payment services provider to be licensed by the DFSA

Strong regulation, balanced ecosystem boost crypto adoption in UAE: Report

Between July 2023 and June 2024, the UAE received over $30 billion in crypto, ranking the country among the top 40 globally

Crypto exchange Bybit introduces Islamic account to enhance trading access for Muslim communities globally

The account provides Shariah-compliant trading products for Muslim traders in the digital asset market 

Crypto exchange Bybit secures provisional approval from Dubai’s regulator VARA

Bybit launched its sponsorship of the Blockchain for Good Alliance (BGA) at Blockchain Life in April in Dubai 

UAE’s DMCC launches AI Centre to propel global AI solutions

The AI Centre will be part of a newly integrated hub that also includes the DMCC Crypto Centre and DMCC Gaming Centre

Crypto fraud losses surge to over $5.6 billion in 2023, 45 percent increase from 2022: Report

Scammers have increasingly taken advantage of the swift and irreversible characteristics of digital asset transactions, says FBI

$2.3 trillion crypto market reaches new heights, 95 percent more millionaires: Report

The count of Bitcoin millionaires has surged by 111 percent to reach 85,400

ADX-listed Phoenix Group, Tether partner to create UAE Dirham-pegged stablecoin

The value of the global market for stablecoins is currently at $150 billion and is set to grow exponentially to $2.8 trillion by 2028

DMCC, Bybit extend partnership to boost Dubai’s position as global crypto hub

Bybit supported and advised over 20 startups, helping them establish a foothold in Dubai's dynamic crypto landscape in 2023

UAE Banks Federation, ICAEW collaborate to guide businesses in digital currency adoption

The UAE is one of only 36 countries worldwide currently piloting the implementation of CBDCs

DIFC Innovation Hub, Ripple partner to accelerate adoption of blockchain technology in UAE

Partnership to provide the means to drive blockchain and crypto adoption amongst early-stage companies and scale-ups