According to the official website of the United Arab Emirates Securities and Commodities Authority (SCA), the SCA has released the draft regulation of securities and commodity tokens and invited the public to provide feedback by February 14, 2025. According to the draft, security tokens include equity tokens, bond tokens, Islamic bond tokens, and commodity tokens include gold tokens, oil tokens, etc. These tokens are all built on the blockchain/DLT platform and can be traded on the virtual asset...
On January 22, according to a report by Reuters, UAE-based cryptocurrency financial services firm CLS Global agreed on Tuesday to plead guilty to U.S. charges against it, alleging that the company had provided services to assist in the manipulation of the market in connection with a cryptocurrency exchange created at the request of the FBI and designed to expose crypto goods.
Phoenix Group, the first local cryptocurrency company in the UAE to list on the Abu Dhabi Stock Exchange (ADX), recently announced the appointment of a new CEO and plans to achieve a dual listing on Nasdaq in 2025 to further expand its international market and enhance its global influence. Phoenix Group was founded in 2017 and is headquartered in Abu Dhabi, UAE. It successfully listed on the Abu Dhabi Stock Exchange in October 2023, becoming the first private cryptocurrency and blockchain entity...
The Ministry of Interior of the United Arab Emirates (UAE) and the Financial Services Regulatory Authority (FSRA) of Abu Dhabi International Financial Centre (ADGM) have signed a Memorandum of Understanding to enhance coordination in combating virtual asset-related crimes. The agreement requires both parties to share information and strengthen risk mitigation frameworks. The agreement is also reportedly designed to support the UAE's strategy to protect its financial system from evolving threats ...
Klickl International, a UAE-based Web3 banking services provider, announced the completion of a $25 million Series A funding round at a valuation of $125 million. The round was co-led by the Web3Port Foundation and Aptos Labs, with participation from Summer Ventures, Heritage Horizon Capital, and V2 Capital. Klickl plans to launch two major projects in the fourth quarter of 2024: Klickl Labs, a partnership with Summer Ventures focused on cross-border remittance and digital payments infrastructur...
ADNOC, the Abu Dhabi National Oil Company of the United Arab Emirates, has set the price of Murban crude oil at $72.81 per barrel in January.
According to sources, the UAE will increase its oil production starting in April 2025.
According to market news, Gulf oil producers such as Saudi Arabia, the United Arab Emirates or Qatar may be buying bitcoin at the sovereign level. The relevant sovereign funds may disclose the relevant news during the Bitcoin Summit in Abu Dhabi on December 9-10. At present, the total asset management size of Saudi PIF, UAE ADIA and Qatar QIA has exceeded 2 trillion US dollars. With the total market value of bitcoin has surpassed the world's largest oil company...
Neovision, an Abu Dhabi-based company in the United Arab Emirates, has partnered with Realize to launch a new RWA investment vehicle for buying and tokenizing Treasury ETFs. The market for tokenized Treasury bonds is growing rapidly, with a total market capitalization of $2.40 billion, and BlackRock and others have launched similar products. (Sina Finance)
Hong Kong-based stablecoin issuer IDA has announced a strategic partnership with Zand Bank, the first fully licensed and fully digital bank in the United Arab Emirates, to enable cost-effective and efficient cross-border transactions in the Belt and Road Initiative and BRICS Plus regions, providing enterprises with 24/7 digital payment services.
Ras Al Khaimah (RAK) in the United Arab Emirates has announced the launch of the DAO regulatory framework, the DAO Association System (DARe), which will be implemented within the RAK Digital Assets Oasis Free Trade Zone. The framework offers two models: one for emerging projects with fewer than 100 members, and the other for mature DAOs with capital size exceeding $1 million.
The Central Bank of the United Arab Emirates (CBUAE) has approved AED Stablecoin in principle under its Payment Token Services Regulatory Framework. AED Stablecoin's initial licensing approval makes it the frontrunner for the UAE's first regulated dirham-pegged stablecoin issuer. If fully approved, AED Stablecoin's AE Coin could serve as a native trading pair for cryptocurrencies on exchanges and decentralized platforms, while allowing merchants to accept it to pay for goods and services.
根据 Chainalysis 最近的一份报告,阿联酋(UAE)是一个例外,其所有规模均呈增长趋势,表明该国的“采用格局均衡而全面”。 Chainalysis 强调,阿联酋在 2023 年 7 月至 2024 年 6 月期间接收了超过 300 亿美元的加密货币,在全球排名前 40 位。它补充说,这一增长是由多种因素推动的,包括监管创新、机构兴趣和不断扩大的市场活...