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UAE

Several central banks successfully piloted a CBDC trial, the Bank for International Settlements said Tuesday. (Twenty47studio/Getty Images)
Policy
Cbdc
Landmark International CBDC Test Deemed Success, BIS Says
Over $22 million in foreign exchange was aided via the pilot involving China, Thailand and Hong Kong, the Bank for international Settlements said
Several central banks successfully piloted a CBDC trial, the Bank for International Settlements said Tuesday. (Twenty47studio/Getty Images)
By Jack Schickler
Sep 27, 2022 at 4:25 p.m. UTC
Sep 27, 2022
CBDCThailandChinaUAEHong KongBISCross-Border PaymentsRegulation
Dubai's Virtuzone will accept crypto for payment. (David Rodrigo/Unsplash)
Finance
Dubai
Dubai-Based Virtuzone to Accept Crypto Payments via Binance Pay
The business formation services provider is joining a number of other UAE companies using Binance Pay for crypto payments. 
Dubai's Virtuzone will accept crypto for payment. (David Rodrigo/Unsplash)
By Elizabeth Napolitano
Aug 29, 2022 at 7:01 p.m. UTC
Aug 29, 2022
DubaiUAEBinancePayments Network
UAE authorities want to trace real estate payments made in bitcoin and ethereum. (Michel Suesse/EyeEm/Getty Images)
Policy
Regulations
UAE to Clamp Down on Crypto Real Estate Money Laundering
The authorities want to trace payments made in bitcoin and ethereum as the country develops as a crypto hub.
UAE authorities want to trace real estate payments made in bitcoin and ethereum. (Michel Suesse/EyeEm/Getty Images)
By Jack Schickler
Aug 8, 2022 at 11:02 a.m. UTC
Aug 8, 2022
RegulationsDubaiUAEReal EstateMoney LaunderingFATF
Dubai leaders want to turn the UAE city into a hub for the metaverse community by 2030. (Captured Blinks Photography/Getty Images)
Policy
Uae
Dubai Unveils Metaverse Strategy, Aims to Attract Over 1,000 Firms
The strategy is expected to support the creation of more than 40,000 virtual jobs by 2030.
Dubai leaders want to turn the UAE city into a hub for the metaverse community by 2030. (Captured Blinks Photography/Getty Images)
By Sandali Handagama
Jul 19, 2022 at 10:22 a.m. UTC
Jul 19, 2022
UAEMetaverseDubaiPolicy
Dubai (David Rodrigo/Unsplash)
Finance
Okex
OKX Secures License in Dubai and Plans to Open Regional Hub
The exchange has followed in the footsteps of FTX and Kraken in securing a license in the UAE.
Dubai (David Rodrigo/Unsplash)
By Oliver Knight
Jul 14, 2022 at 8:24 a.m. UTC
Jul 14, 2022
OKExDubaiUAEVASPsLicensing
Crusoe CEO Chase Lochmiller with Mulham Basheer Al Jarf, deputy president of OIA and chairman of Oman oil company OQ (Crusoe)
Finance
Bitcoin mining
Middle East Oil Producers Move Into Bitcoin Mining With Crusoe Energy Stakes
The U.S. startup – which uses flared natural gas to power bitcoin mining rigs – counts the sovereign wealth funds of Abu Dhabi and Oman as investors.
Crusoe CEO Chase Lochmiller with Mulham Basheer Al Jarf, deputy president of OIA and chairman of Oman oil company OQ (Crusoe)
By Aoyon Ashraf
Jun 3, 2022 at 5:50 p.m. UTC
Jun 3, 2022
Bitcoin MiningGasAbu DhabiUAEMiddle EastUSFundingEnvironment
Crypto Industry Looks to the UAE; Crypto’s Environmental Concerns
Video
Nft
Crypto Industry Looks to the UAE; Crypto’s Environmental Concerns
South Korea approves fifth cash-to-crypto exchange. Crypto-friendly regulations see industry players setting their sights on the UAE. Earth Day report on the effects of energy...
Crypto Industry Looks to the UAE; Crypto’s Environmental Concerns
By CoinDesk Staff
Apr 22, 2022 at 3:44 p.m. UTC
Apr 22, 2022
NFTcdtvFM ClipSouth KoreaDailyForkUAEPudgy Penguinsearthday
Abu Dhabi (Konstantin Tcelikhin/Shutterstock)
Finance
Abu dhabi
Binance Gets In-Principle Approval to Operate as Crypto Broker-Dealer in Abu Dhabi
The crypto exchange is seeking to be a fully regulated virtual asset service provider throughout the Middle East and beyond.
Abu Dhabi (Konstantin Tcelikhin/Shutterstock)
By Kevin Reynolds
Apr 10, 2022 at 3:12 p.m. UTC
Apr 10, 2022
Abu DhabiBinanceRegulationUAE
Dubai (David Rodrigo/Unsplash)
Finance
Uae
Dubai Attracts Crypto.com, Bybit as Friendly Rules Bear Fruit
Crypto.com is establishing an office in Dubai while Bybit is moving its global HQ.
Dubai (David Rodrigo/Unsplash)
By Jamie Crawley
Mar 29, 2022 at 2:18 p.m. UTC
Mar 29, 2022
UAERegulationDubaiCrypto.comBybit
The Abu Dhabi skyline (Nick Fewings/Unsplash)
Policy
Uae
Abu Dhabi Free Zone Seeks Comments on NFT Rules
A consultation paper is looking to bring NFTs into the emirate's regulatory framework for virtual assets.
The Abu Dhabi skyline (Nick Fewings/Unsplash)
By Eliza Gkritsi
Mar 21, 2022 at 4:00 p.m. UTC
Mar 21, 2022
UAEAbu DhabiRegulationNFTs