Rain's Abu Dhabi-based entity can now offer institutional clients and some retail clients in the UAE the ability to buy, sell and store virtual assets.
Regulatory agencies in UAE emirates Dubai and Abu Dhabi have provided clear rules to follow. And going by BitOasis' recent suspension, the rules will be enforced.
The expansion would be the private bank's first for its crypto offering beyond its native Switzerland, where it has provided digital asset services since the start of 2020.
Blockchain firm Ripple announced that it has obtained in-principle approval for a Major Payments Institution License from the Monetary Authority of Singapore (MAS), the nation...
Ripple is announcing plans to expand into Dubai. Navin Gupta, Ripple's Managing Director of South Asia and MENA, discusses how crypto regulation in the UAE impacted its decisi...
Coinbase (COIN) CEO Brian Armstrong indicated that the crypto exchange would consider moving away from the U.S. if the regulatory environment for the industry does not become...
The mandatory licensing regime applies to all companies seeking to provide services in the country, unless they are already licensed in financial free zones in the United Arab...