AI Revolution: UAE Launches Government Model
UAE PM Al Maktoum announces shift to run 50% of government operations on Agentic AI within two years, overseen by Sheikh Mansour bin Zayed. #Update #AI
United Arab Emirates
Ethereum Startup Launches in Abu Dhabi
@Startale_Group joins Hub71’s 18th cohort, anchoring operations in Abu Dhabi with a $63M Series A boost for blockchain and stablecoin infrastructure. #Update #Blockchain
Ripple USD Approved Dubai Crypto Expansion
@Ripple’s RLUSD stablecoin gains regulatory approval in Dubai’s financial free zone, boosting enterprise adoption and Ripple’s influence in the UAE’s digital asset sector. #Update #Crypto $RLUSD (+6) ↗
Blockchain: Ripple Secures UAE License
@Ripple’s expansion in the UAE sees @ZandBank and Mamo integrate its blockchain payments, following recent regulatory approval on May 19. #Update #Crypto (+6) ↗
Crypto Exchange Gate Obtains Dubai License
@Gate_io’s UAE division secures a license from Dubai’s Virtual Assets Regulatory Authority to offer crypto exchange services to institutional and retail investors. #Update #Legal (+3) ↗
Dubai Warns of Fake Property Tokens
Dubai’s Virtual Assets Regulatory Authority and the Dubai Land Department warn of entities falsely claiming involvement in their real estate tokenization project pilot, signaling possible regulatory violations. #Update #Legal (+3) ↘
Blockchain Fund MANTRA Launches 108M Boost
@MANTRAChain launches the MANTRA Ecosystem Fund, a $108.8M initiative to support blockchain projects focusing on real-world asset tokenization. #Update #Crypto (+3) ↗
Digital Assets: Kazakhstan UAE Partnership Grows
Kazakhstan’s financial sector visited the United Arab Emirates to enhance cooperation on CBDC development and blockchain technology from March 26-27. #Update #Crypto (+3) →
Bitpanda Secures VARA License Expands UAE
@Bitpanda has secured a broker-dealer license from Dubai’s VARA, allowing it to serve users in the UAE. #Update #Crypto (+3) ↗
Crypto Summit: White House Meets UAE
White House crypto czar David Sacks met with UAE’s Sheikh Tahnoon Bin Zayed Al Nahyan to discuss digital currency impacts, signaling potential global policy shifts. #Breaking #Crypto (+9) ↗
Crypto.com Secures UAE Derivatives License
@cryptocom has obtained a limited license from Dubai’s Virtual Assets Regulatory Authority to offer derivatives like futures and perpetual swaps, enhancing its global expansion strategy. #Update #Legal (+4) ↗
Stablecoin Payments Revolutionize UAE POS Terminals
@ArabFinancialServices partners with Ternoa to enable stablecoin payments at POS terminals in UAE, enhancing digital payment solutions across the region. #Update #Crypto (+3) ↗
Stablecoins Recognized in Dubai: USDC EURC
@circle announced $USDC and EURC are recognized as crypto tokens by Dubai Financial Services Authority, enabling use in Dubai International Financial Centre. #Update #Crypto $USDC (+6) ↗
Memecoins: Dubai Regulator Warns Scams
Dubai’s Virtual Asset Regulatory Authority (VARA) warns investors about memecoins’ risks, citing high volatility and market manipulation concerns. #Update #Legal $MEME (-6) ↘ (Source: News.Bitcoin)
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