UAE To Develop Legal Framework for DAOs
The framework will also enable DAOs to enter legally binding contracts and create guidelines for resolving internal and external disputes. The Ras Al Khaimah Digital Assets Oasis (RAK DAO), a free economic zone in the UAE focused on digital assets, is preparing to launch a legal framework specifically for decentralized autonomous organizations (DAOs). According to […]
UAE Stablecoin Issuer Gets Approval from Central Bank
AED Stablecoin leads the race to produce the UAE’s first regulated dirham-pegged token as Tether awaits. The Central Bank of the United Arab Emirates (CBUAE) has granted preliminary approval to AED Stablecoin under its Payment Token Service Regulation framework, according to a press release from the company. This in-principle license positions AED Stablecoin as a […]
Wirex Pay Introduces Non-Custodial Crypto Payments
Wirex Pay launched its modular payment chain, which improves security with non-custodial wallets and a private key mechanism. Web3 money app Wirex has launched early access to Wirex Pay, a modular blockchain specifically created for payments. This move comes as trust in centralized platforms wanes and more users shift toward self-custody wallets. On October 9, […]
Report: Crypto Adoption To Reach 8% by 2025
According to MatrixPort, institutional interest and economic uncertainties are driving the fast global adoption of cryptocurrencies. Global cryptocurrency adoption is nearing a major milestone, with 7.51% of the world’s population now using digital currencies, according to a report from MatrixPort. The report anticipates that this figure will surpass 8% by 2025, indicating a potential transition […]
John Deaton Vows to Fight Federal CBDC, Calls It ‘A Hill to Die On’
John Deaton’s Senate campaign has focused on US Federal Reserve CBDCs, regulatory transparency, and government accountability. John Deaton, a key figure in the cryptocurrency world, has clarified his stance as he runs for the U.S. Senate seat in Massachusetts. In an interview with Generation Infinity , Deaton voiced his opposition to a central bank digital […]