UAE

India has made a bold move by completing an oil transaction with the UAE using the XRP Ledger. This game-changing event raises the question: could altcoins see a surge in popularity as a result? Read this article to learn more. India's recent crude oil transaction using local currencies, bypassing the US Dollar, marks a significant shift in global trade dynamics. This development is integrated with the XRP Ledger System's CryptoTradingFund (CTF), allowing customers to earn CTF tokens as cashback on…

Abu Dhabi, United Arab Emirates, July 31st, 2024, Chainwire • M2 ADGM now accepts deposits and withdrawals from UAE bank accounts to purchase Bitcoin (BTC) and Ethereum (ETH) with United Arab Emirates’ Dirhams (AED) • The new integration from M2 ADGM, regulated by the Financial Services Regulatory Authority (FSRA) located in the ADGM, marks a significant milestone for the region’s adoption of virtual assets  M2 ADGM, a virtual asset custodian and a Multilateral Trading Facility regulated by the Financial Services…

XRP Healthcare LLC successfully registers its third trademark in the UAE, boosting global brand protection. XRP Healthcare expands its operations with a new medical center in Uganda and a mobile app for instant fund transfers. Today, XRP Healthcare LLC announced that its trademark had been successfully registered in the United Arab Emirates (UAE). This is the company’s third trademark registration, following successful ones in the United Kingdom and Uganda. The registration of trademarks in these crucial regions undoubtedly provides considerable…

Real-World asset tokenization protocol Mantra partnered with United Arab Emirates (UAE) real-estate developer MAG to tokenize $500 million of its portfolio. According to a July 3 Mantra announcement, MAG’s total real estate portfolio is currently valued at over five $5 billion and the firm is starting its tokenization from Keturah Reserve — a luxury residential development in Meydan, Dubai. Talal Moafaq Al Gaddah, CEO of MAG Lifestyle Development, said: "Working with MANTRA allows us to leverage cutting-edge blockchain technology to…

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…

The post Tether Teams Up with RAK DAO to Drive Bitcoin & Stablecoin Adoption in UAE appeared first on Coinpedia Fintech News Amid controversies and scams, Tether is all set to expand its wings. Tether Partners with RAK DAO to Promote Bitcoin and Stablecoin Education in Ras Al Khaimah. In 2024, the Middle East saw a significant rise in cryptocurrency adoption, with the average daily number of traders reaching 500,000, marking a 166% increase from the previous year, as per…

IOTA will be among the official strategic partners of the AIM Congress, the Middle East’s largest investment conference, which will be held in Abu Dhabi next week. The tokenisation of real-world assets will take centre stage, with Dominik Schiener expected to present the IOTA Foundation’s Tokenization Framework as an industry leader. The Middle East has become one of the world’s leading investment destinations, with the region diversifying from its traditional oil business into venture capital, emerging tech such as AI…

Wemade is the first and biggest Korean game developer to establish official talks for joint collaborations with Dubai Chambers Talks mark next phase of Wemade's efforts to support the growth of blockchain gaming ecosystems in Dubai and the UAE Henry Chang, the CEO of leading South Korea-based gaming giant Wemade met with H.E. Mohammad Ali Rashed Lootah, President and CEO of Dubai Chambers, to discuss a broader scope for future collaboration. Wemade is the first and biggest Korean game developer…

While everyone is discussing crypto regulations in the U.S., Russia, or China, other countries are tip-toeing towards total crypto adoption. For instance, the United Arab Emirates (UAE) is preparing to issue federal licenses of virtual asset service providers (VASPs). The new legislation should come into effect by the end of Q1 2022. Above all, it should transform the country into a crypto oasis in the Middle East. A Surprisingly Friendly Approach to Crypto According to a Bloomberg report, the UAE’s…