MENA News
Discover the latest blockchain and crypto news from the MENA region, including updates from Dubai, Abu Dhabi, Bahrain, Qatar, and Oman, covering trends, regulations, and developments shaping the industry
Today, what. AG, Switzerland’s leading digital consultancy, announced its strategic expansion into the United Arab Emirates by acquiring Pulsify Innovation Consultancy and its client portfolio, a respected local marketing & Web3 consultancy. By establishing a cross-regional bridge between Europe and the Middle East, this move highlights what. AG’s commitment to enabling bold SMEs with global growth ambitions. The acquisition combines Pulsify’s regional market knowledge with what. AG’s digital transformation expertise, built upon…
Read More »As cryptocurrency continues to reshape digital assets and investments, nations worldwide are racing to position themselves to capitalize on the growth of this transformative industry. Therefore, some countries have created robust regulatory frameworks and tax policies to foster innovation and attract crypto-based startups. Social Capital Markets’ latest report shines a spotlight on the top crypto-friendly countries of 2024, with a mix of long-standing leaders and emerging players. Here’s a look…
Read More »AED Stablecoin LLC has announced that it has received in-principal approval from the Central Bank of the UAE to launch its own currency, AE Coin, which reflects the government’s innovative vision and commitment to the UAE Digital Government Strategy 2025. This approval aligns with the “Payment Token Services Regulation” outlined in Circular No. 2/2024, dated June 7, 2024, paving the way for AED Stablecoin to become the first entity in…
Read More »In a significant achievement for OKX, the global cryptocurrency exchange has secured its full Virtual Asset Service Provider (VASP) license from Dubai’s Virtual Assets Regulatory Authority (VARA). This announcement was made by OKX Middle East General Manager Rifad Mahasneh during the company’s gala event at the Museum of the Future, titled “A New Alternative for Dubai.” The event also featured an appearance from Pep Guardiola, Manchester City’s head coach, who…
Read More »The Virtual Assets Regulatory Authority (VARA) is continuing its enforcement actions to protect Dubai’s virtual asset ecosystem by targeting unlicensed firms operating within its jurisdiction. As part of a broader enforcement initiative, VARA has issued cease-and-desist orders and fines to seven entities for operating without the required licenses and violating marketing regulations. Additional investigations are currently underway in collaboration with local authorities. This public warning serves as VARA’s notification to…
Read More »MultiBank Group, a leading financial traditional derivatives institution based in Dubai, has officially launched its UAE operations through its subsidiary MEX Digital FZE. The subsidiary has secured a Virtual Assets Regulatory Authority (VARA) license under the MultiBank.io brand. MultiBank.io is the regulated cryptocurrency exchange under MultiBank Group, offering a user-friendly platform for instant, secure trading including Bitcoin, Ethereum and more. The VASP license authorizes MultiBank.io to operate as both a…
Read More »Binance, the world’s largest cryptocurrency exchange by trading volume and users, has announced a strategic partnership with TOKEN2049, a leading global events platform for digital asset professionals and enthusiasts. TOKEN2049 is renowned for hosting premier events centered around cryptocurrency, blockchain, and decentralized technologies in both Dubai and Singapore, where industry founders and executives share their insights on the evolving landscape. Scheduled for April 30 to May 1, 2025, TOKEN2049 is…
Read More »The National Bank of Bahrain (NBB) has unveiled the GCC’s first Bitcoin-linked Structured Investment, in partnership with ARP Digital. The announcement was made during a special ceremony at Fintech Forward 2024, marking a significant milestone for Bahrain’s financial sector and the wider region. This innovative investment product is tailored exclusively for accredited investors, allowing them to gain exposure to Bitcoin’s (BTC) long-term growth while ensuring capital preservation. It offers investors…
Read More »The Dubai Multi Commodities Centre (DMCC) has formed a new strategic collaboration with CV VC, one of Switzerland’s top early-stage blockchain venture capital firms. This agreement was signed at the annual CV Summit 2024, Switzerland’s premier blockchain and Web3 event, which brought together thousands of industry leaders and entrepreneurs in Zug this week. The partnership between the DMCC Crypto Centre and CV VC, a founding member of the Swiss Crypto…
Read More »RAK Digital Assets Oasis (RAK DAO), the world’s first and only Free Zone with Common Law features dedicated to digital assets firms, is marking its one-year anniversary by hosting the RAK DAO 2024 Conference on October 25, 2024, at the Al Hamra International Exhibition and Convention Center in Ras Al Khaimah. This landmark event will bring together global industry leaders to delve into blockchain, Web3, and other innovations driving the…
Read More »
