Tag: UAE

Dubai’s Virtual Assets Regulatory Authority (VARA) announced plans to establish its metaverse headquarters in The Sandbox virtual world. Thus, VARA would become the world’s first regulator to enter the metaverse, showcasing the government’s attempts to turn Dubai into a hub for the digital economy. VARA said in a statement that its move into the metaverse…

Following the world’s media coverage of Dubai’s new crypto laws announced in March, traditional businesses and institutions, such as shops, schools, and delivery services, in the UAE are promptly embracing digital currencies. Arab News released a panoramic report on how businesses in Dubai gradually adopt payments and salaries in crypto. After the several global crypto…

Three Arrows Capital, a crypto hedge fund, moves its headquarters from Singapore to Dubai as the UAE is gradually replacing Singapore as a crypto mecca. Bybit, Binance, Kraken, and FTX are setting up offices in the UAE as crypto migrates from traditional far eastern financial centers. Lately, the UAE continues to market itself as a…

CCTF, the largest hacker competition for blockchain hackers, is returning to Dubai in May, the UAE is emerging as a regional hub for crypto activities. The finalists of the CCTF, which purports to be the world’s largest “legal” crypto hacking competition, will compete on a yacht in the Emirati city for a $15,000 prize. The…

Kraken has become the first crypto exchange to be granted a license to operate a regulated digital assets platform in Abu Dhabi, as the Middle East becomes a focus for the crypto industry. The exchange will allow its users to invest, trade, and withdraw virtual assets directly in the United Arab Emirates dirhams (AED). US…

The 22nd global edition of the World Blockchain Summit (WBS) in Dubai saw a lot of the top speakers, including Frederik Gregaard, Faryar Shirzad, Alex Mashinsky, Furqan Rassul, and many more. Held under the patronage of HH Sheikh Juma Ahmed Juma Al Maktoum, a member of the ruling family of Dubai, the summit hosted more…