Standard Chartered Launches Crypto Custody in UAE
Standard Chartered has expanded its crypto custody services to the UAE after receiving approval from the Dubai Financial Services Authority. Standard Chartered has announced the expansion of its crypto custody service to the United Arab Emirates (UAE) following the acquisition of regulatory sanction in the country. The multinational bank was granted a license by the […]
France Issues Arrest Warrant for Telegram CEO’s Brother
France is also seeking to apprehend his brother, Nikolai Durov, the co-founder of Telegram, although his whereabouts remain unknown. Today, a new focus has emerged in response to the recent detention of Pavel Durov, the CEO of Telegram, in France. Nikolai Durov is the sibling of Pavel Durov and the co-founder of the Telegram application. […]
Tether Announces Development of UAE Dirham-Pegged Stablecoin
The creator of stablecoins, Tether, has announced plans to introduce a stablecoin linked to the dirham of the United Arab Emirates. The world’s largest stablecoin issuer, Tether Inc., said on August 21 that the new stablecoin would be introduced in association with Phoenix Group PLC, an IT behemoth with headquarters in the United Arab Emirates, […]
RAKBANK Partners with Bitpanda to Unveil New Platform
In an effort to expand into the Middle East for the first time, cryptocurrency exchange Bitpanda has teamed up with a state-backed bank in Dubai. One of the oldest banks in the United Arab Emirates, RAKBANK, has teamed up with Bitpanda, a cryptocurrency exchange based in Vienna, to increase the range of cryptocurrency products it […]
Hashed Ventures Reportedly Expands to Abu Dhabi Market
According to report, South Korean crypto firm Hashed Ventures has entered the Abu Dhabi market by partnering with Hub 71, the city’s tech ecosystem organization. On June 27, Bloomberg reported that Simon Seo-Joon Kim, CEO of Hashed, has announced that his company will establish an office in the city and has initiated discussions with other […]