UAE Said to Hold $700 Million Worth of Mined Bitcoin
The United Arab Emirates (UAE) has quietly positioned itself among the world’s largest sovereign holders of Bitcoin, with reports indicating that the country controls roughly $700 million worth of the cryptocurrency. Unlike other governments that built their reserves through seizures of illicit assets, the UAE’s Bitcoin stockpile has been acquired through state-backed mining operations. The […]
RAKBANK Introduces First Bank-Backed Crypto Service in UAE
RAKBANK has become the first conventional bank in the United Arab Emirates to allow retail customers to trade cryptocurrencies directly through its banking app. This groundbreaking move enables users to buy, sell, and hold digital assets such as Bitcoin, Ethereum, Solana, and XRP, all fully settled in UAE dirhams (AED). Through a strategic partnership with […]
UAE Golden Visa Is ‘Being Developed Independently’ — TON Foundation
The TON Foundation has clarified that its proposed UAE Golden Visa offering, which would allow users to gain long-term residency in exchange for staking Toncoin, is currently being developed independently and is not officially affiliated with the United Arab Emirates government. Earlier this week, the foundation stirred excitement across the crypto space by announcing what […]
UAE, Saudi Arabia Strengthen Relations with Russia Amid Global Changes
UAE President Sheikh Mohamed bin Zayed Al Nahyan expressed intentions to deepen UAE-Russia relations toward a strategic partnership during talks with Russian Security Council Secretary Sergey Shoigu in Dubai. Tass reported Tuesday that UAE President Sheikh Mohamed bin Zayed Al Nahyan underscored his intention to elevate relations with Russia to a strategic partnership during a […]
UAE Strengthens Pro-Crypto Stance with New DAO Legal Framework
The UAE strengthens its Web3 and crypto hub status with the launch of RAK DAO’s DARe, promoting a supportive environment for DAOs. With the recent launch of RAK DAO’s DAO Association Regime (DARe), the UAE has become an even more important place for Web3 and crypto innovation around the world. This project shows that the […]