Dubai

Dubai, UAE, October 7th, 2024, Chainwire On October 22-23, the Blockchain Life 2024 forum will take place in Dubai. Over 10,000 participants from 120 countries will come together for the crypto event to share industry insights on the eve of Bull Run 2025. Participants will hear from leading voices in the blockchain space, who will share market analysis on market trends and potential future developments. Confirmed figures include: CEO Tether - Paolo Ardoino Co-Founder Animoca Brands - Yat Siu CEO Ledger -…

The post Standard Chartered Launches Digital Asset Custody in Dubai appeared first on Coinpedia Fintech News Standard Chartered has launched a new digital asset custody service in the UAE, licensed by the Dubai Financial Services Authority. This service will securely store digital assets, focusing initially on Bitcoin and Ethereum. Brevan Howard Digital is the first client. The launch marks a key step in the bank’s digital asset strategy and highlights growing institutional interest in regulated digital asset solutions. Moreover, Standard…

The post Dubai Legalizes Cryptocurrency Salaries: A Game-Changer for Crypto Ecosystem appeared first on Coinpedia Fintech News The UAE judiciary is embracing the future, especially when it comes to cryptocurrencies. In a groundbreaking decision, the Dubai Court of First Instance has ruled that cryptocurrency can be a valid form of salary payment under employment contracts. This is a big deal and marks a significant shift in the United Arab Emirates’ (UAE) legal approach to digital currencies. The Case History In…

Despite Russian President Putin's claims of robust trade in Yuan with China, recent reports highlight major payment issues. Many Chinese banks, especially smaller regional ones, have stopped processing payments from Russia due to U.S. sanctions. As a result, Russian businesses face difficulties in using Yuan and have turned to cryptocurrencies as an alternative. Russia legalized cross-border crypto payments, viewing them as a temporary solution while working on a central bank digital currency system with China and other BRICS nations. Meanwhile,…

The post Dubai Court Rules Cryptocurrency As A Valid Form of Salary! appeared first on Coinpedia Fintech News Dubai Court has acknowledged the payment of salaries in the form of cryptocurrency for the first time in history. As per the order, the cryptocurrency payments that are stated in the employment contracts will be accepted legally. This ruling comes after an ex-employee filed a legal complaint on the failure of the company to pay a portion of their salary, which was…

Dubai, United Arab Emirates, July 15th, 2024, Chainwire Blockchain Life 2024, one of the world's leading events in web3, cryptocurrencies and mining sphere, today announced the first wave of its esteemed speaker lineup for the 13th edition of the event. Bringing together over the 10,000 most influential figures from all over the world on October 22-23, the Blockchain Life 2024 promises to deliver powerful insights on making money during the current Bull Run. Among the first lineup of speakers are:…

Ripple’s approval for global transfers in Dubai signals international growth. The SEC’s initial $2 billion penalty against Ripple may be reduced to under $25 million, with potential operational restrictions pending. Ripple received approval for global transfers in Dubai. The move is significant for Ripple’s international expansion efforts despite ongoing legal challenges from the U.S. Securities and Exchange Commission (SEC). The approval underscores Ripple’s potential for growth and influence in the global financial system. The outcome of this high-profile case could…

The post Crypto News: DFSA Approves Ripple For Use In Dubai While Angry Pepe Fork (APORK) Introduces Unique Staking System appeared first on Coinpedia Fintech News The Dubai Financial Services Authority’s (DFSA) approval of the Ripple (XRP) digital asset, for use within the Dubai International Financial Centre (DIFC) marks a pivotal step forward. This regulatory greenlight expands the DIFC’s digital asset landscape, empowering licensed firms to leverage XRP within their virtual asset service offerings. Alongside it, the presale-stage project Angry…

The post Binance Scores Landmark VASP License in Dubai, UAE Users to Migrate appeared first on Coinpedia Fintech News Binance’s relationship with controversy is well-documented, yet the company remains steadfast in its expansion goals. In a highly anticipated move, Binance has secured a Virtual Asset Service Provider (VASP) license from Dubai’s Virtual Assets Regulatory Authority (VARA), marking a significant shift for its users in the UAE. Transition to Binance Dubai Binance announced that by December 15, 2024, all UAE resident…