Tagged: dubai

November 1, 2026 @ 3:01 pm By Omar Faridi  |  

Dubai Police have taken six individuals into custody following a sophisticated fraud that cost one victim approximately AED 2.6 million (roughly $708,000). The case involved an unlicensed currency exchange and the rapid movement of both cash and across decentralized wallets, yet investigators recovered the full… Read More

October 27, 2026 @ 4:14 am By Omar Faridi  |  

Robinhood Markets (NASDAQ: HOOD) has secured regulatory clearance from the Dubai Financial Services Authority (DFSA) to introduce its retail brokerage platform across the Middle East, establishing operations inside the Dubai International Financial Centre (DIFC). The approval covers both trading and custody services spanning all ten… Read More

September 14, 2026 @ 8:18 am By Michael Wong  |  

Hong Kong and Dubai financial authorities and exchanges have established a Strategic Working Group to strengthen ties between the financial markets of Hong Kong and the Dubai International Financial Centre (DIFC), according to a joint announcement. The move comes as the two financial centres seek to… Read More

July 29, 2026 @ 9:27 am By Omar Faridi  |  

Emirates has activated a new digital payment pathway that lets qualifying customers settle flight bookings with cryptocurrency via Crypto.com Pay. The feature is now live on the airline’s website and mobile application, giving travellers an additional method beyond traditional cards and transfers. The service is… Read More

July 19, 2026 @ 1:04 pm By Michael Wong  |  

Deep Finance Capital has launched in the Dubai International Financial Centre (DIFC), positioning itself as the emirate’s first AI-native asset manager. The DFSA-regulated firm will serve institutional and professional investors across real estate, private equity, commodities and special situations. Deep Finance Capital emerged from Rasameel… Read More

June 20, 2026 @ 11:35 am By Michael Wong  |  

The Dubai Gold and Commodities Exchange (DGCX) will launch its Gold Spot T+0 Contract on June 22, introducing the first same-day physically settled spot gold product on a regulated exchange in the GCC and strengthening Dubai’s gold market infrastructure. The contract has been developed to… Read More

June 3, 2026 @ 4:11 pm By JD Alois  |  

Stablecoin issuer Tether will offer a gold-backed card in partnership with Fasset, according to a block post. The company claims this is a “world’s first” gold-backed neobank card. Fasset, based in Dubai, is regulated by the Virtual Assets Regulatory Authority and holds both a VASP… Read More

May 29, 2026 @ 4:46 pm By JD Alois  |  

Coinbase (NASDAQ:COIN) and Kalshi have been approved to offer perpetual crypto futures trading. In a series of updates, the Commodity Futures Trading Commission (CFTC) announced that “certain crypto asset perpetuals” will be allowed via a no-action letter. Coinbase Financial Markets (CFM), a subsidiary of Coinbase,… Read More

May 22, 2026 @ 7:56 am By Omar Faridi  |  

Payward, the parent company of the cryptocurrency exchange and digital investment platform Kraken, has received preliminary approval for a comprehensive broker-dealer, investment, and management license from Dubai’s Virtual Assets Regulatory Authority (VARA). This milestone marks a significant step in digital assets platform Kraken’s strategy to… Read More

May 3, 2026 @ 6:16 pm By Omar Faridi  |  

Fintech firm Ripple, a key player in blockchain-enabled solutions for finance, has announced a major step forward in its regional strategy with the launch of a new headquarters for the MEA in Dubai’s International Financial Centre (DIFC). This development underscores the company’s dedication to supporting… Read More

April 30, 2026 @ 2:41 pm By Omar Faridi  |  

The US Justice Department has recent noted that law enforcement agencies from the United States, the United Arab Emirates, Thailand, and China have dismantled multiple overseas operations tied to cryptocurrency investment scams, resulting in the arrests of at least 276 people. The coordinated action, which… Read More

April 10, 2026 @ 12:56 pm By Omar Faridi  |  

Ruben Bombardi, the VARA General Counsel and Head of Regulatory Enablement, noted that the Virtual Assets Regulatory Authority (VARA) published its Guidance on the Virtual Asset Issuance Rulebook, setting out in practical terms how virtual assets are “created, disclosed, and brought to market” in Dubai…. Read More

February 21, 2026 @ 4:13 pm By Omar Faridi  |  

In a move intended to modernize UAE bssed property markets, Ctrl Alt and the Dubai Land Department (DLD) have unveiled Phase Two of the city’s landmark Real Estate Tokenization Project Pilot. The February 20, 2026 announcement introduces regulated secondary market trading for tokenized real estate,… Read More

February 14, 2026 @ 11:11 am By Omar Faridi  |  

Blockchain security firm CertiK has recently shared critical analyses on the shifting landscapes of cryptocurrency regulation, highlighting both hurdles in the United States and progressive advancements in Dubai. These updates underscore the firm’s expertise in navigating security and compliance amid global crypto developments, offering key… Read More

January 12, 2026 @ 2:02 pm By JD Alois  |  

The Dubai Financial Services Authority (DFSA) has launched a new crypto regulatory framework. According to a statement distributed by the DFSA, they have monitored market developments over the past three years, while working with policy counterparts and industry insiders to ensure the new rules are… Read More

December 2, 2025 @ 8:30 am By Michael Wong  |  

Emirates Gold and Malaysia’s Public Gold have installed a bullion vending machine in Dubai that the companies say is the first in the UAE to combine a Fintech account platform with automated dispensing of physical gold and silver. The firms unveiled the “Gold ATM” on… Read More

November 23, 2025 @ 8:16 am By JD Alois  |  

Binance Blockchain Week 2025 is going bigger – bolder – with more of the conversations and insights that matter. Last year’s event was a sell-out that saw over 5,000 community members, builders, and innovators fly into Dubai to drive the industry forward. Industry leaders and… Read More

November 13, 2025 @ 8:20 pm By Omar Faridi  |  

AURAS Technologies MENA FZCO, a Dubai-based firm that is specialized in Distributed Ledger Technology (DLT) services, has recently announced the launch of AURAS Pay, which is described as a non-custodial decentralized payments platform that allows various merchants to accept and manage digital asset transactions directly… Read More

October 26, 2025 @ 11:46 pm By Michael Wong  |  

Al Baraka Bank Egypt said it signed a final agreement to acquire full ownership of Amlak Finance Egypt SAE from Amlak Finance PJSC of the United Arab Emirates, as the lender moves to expand in real estate mortgage finance and non-bank financial services after receiving… Read More

August 24, 2025 @ 5:30 pm By Michael Wong  |  

The United Arab Emirates’ Cyber Security Council said on Sunday that more than 12,000 security breaches have been recorded across Wi-Fi networks nationwide since January, representing approximately 35% of all cyberattacks in the country this year. The council warned of escalating risks from untrusted wireless… Read More