Consensus 2025
01:05:34:08

Dubai


Policy

Crypto.com Moves Closer to an Operational License in Dubai

The platform is now in the second stage of a three-state licensing process.

Crypto.com has moved closer to getting a license to operate in Dubai. (Kent Tupas/Unsplash)

Policy

Dubai’s Crypto Industry Welcomes New Licensing Regime Amid Global Regulatory Uncertainty

The emirate’s ambitious framework tackles a broad range of assets and activities, designed to attract firms seeking regulatory clarity.

Dubai (Lu ShaoJi/Getty)

Policy

UAE Plans to Issue a CBDC to Promote Digital Payments

The deployment of a digital dirham is one of nine key initiatives of the UAE's new Financial Infrastructure Transformation Program.

UAE's central bank is planning to issue a central bank digital currency. (Saj Shafique/Unsplash)

Policy

Dubai Prohibits Privacy Coins Like Monero Under New Crypto Rules

The issuance of anonymity-enhancing crypto are banned under the Emirate's new regulations for digital assets.

Skyscrapers in Dubai (Kent Tupas/Unsplash)

Policy

Dubai Mandates Licensing for Crypto Companies as It Sets Out Regulatory Requirements

A new set of rulebooks from the Virtual Assets Regulatory Authority lays out requirements for crypto firms covering everything from issuance and exchange services to advertising.

Blockchain.com abrirá una oficina en Dubai. (Shutterlk/Shutterstock)

Finance

Crypto Options Exchange Deribit Plans Move to Dubai: Report

Amid its larger global expansion, the Panama-based exchange is eyeing the emirate.

Dubai leaders want to turn the UAE city into a hub for the metaverse by 2030. (Captured Blinks Photography/Getty)

Videos

Do Kwon Reportedly in Serbia; Future of FTX’s Political Donations

U.S. prosecutors are considering criminal charges against crypto exchange Binance and individual executives, including founder and CEO Changpeng Zhao, Reuters reports. Do Kwon, wanted internationally in connection with Terra's collapse, has moved to Serbia through Dubai, according to CoinDesk Korea. And Bloomberg reports that at least $73 million of political donations tied to Sam Bankman-Fried’s FTX may be at risk of being clawed back.

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Finance

Bybit to Lay Off 30% of Staff Amid Crypto Winter

The exchange is trying to "refocus" amid a "deepening bear market," its CEO said on Twitter.

Skyscrapers in Dubai (Kent Tupas/Unsplash)

Policy

Dubai Presses for Crypto Companies to Set Up Shop

Crypto firms say the city’s Virtual Assets Regulatory Authority has promised a regulatory framework before the end of the year.

Dubai (David Rodrigo/Unsplash)