Tag: UAE

Alchemy Pay, a crypto payment provider, partnered with GrePay, a global acquirer and payments provider, to expand its services to global markets, including the UAE, India, Pakistan, Mexico, Brazil, Chile, and Colombia. With over 100 local payment channels, GrePay processes over 200,000 transactions per day. Using these channels, Alchemy Pay aims to connect crypto service…

Cypher Capital, a Dubai-based venture capital company, is launching a $100 million seed fund aimed at investing in crypto and digital assets. It plans to invest 40% of its funds in the emerging blockchain and crypto startups in India. The fund, financed by the company’s founder, Bijan Alizadeh, will also invest in decentralized finance platforms,…

The Financial Services Regulatory Authority of Abu Dhabi Global Market has issued a consultation paper regarding NFT rules. The paper proposed significant enhancements to the regulatory framework. As NFTs go mainstream, ADGM may soon give license operators the right to legally trade NFTs. An assessment paper captioned “proposals for enhancements to capital markets and virtual…

Art Dubai, held on March 11-13, was the most extensive fair yet, bringing together over 100 galleries from 44 nations, including more than 30 first-time participants. The fair’s 15th edition included the Art Dubai Digital pavilion with several NFT projects and digital presentations. The global art scene had to adapt after two years of the…

Сrypto businessman Ilman Shazhaev got stuck in Dubai in the wake of the COVID-19 lockdowns. However, he realized soon that Dubai is the best place to conduct international business. In a Cointelegraph interview, Shazhaev shared that he got stranded in the Middle-Eastern country during the pandemic lockdowns. However, he soon realized that it was a…

Crypto firms in the UAE are being flooded with requests to liquidate billions of dollars of virtual currency as Russians seek a safe haven for their fortunes, Reuters reported. According to sources, some clients are investing with crypto in real estate in the UAE, while others want to use local companies to turn their virtual…