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FinTech

UAE's Fintech Market Rises 92% amidst Global Funding Slowdown

  • Fintech investments globally drop to $51.2 billion in 2023.
  • The Middle East and Asia buck this trend, maintaining positive dynamics.
Wednesday, 10/01/2024 | 10:23 GMT by Damian Chmiel
CryptoCurrency

Changer.ae Enters the Market with Regulated Crypto Custody Platform

  • The firm operates under the regulatory framework established by the FSRA of ADGM.
  • It aims to enable users to convert virtual assets into fiat currencies and hold them in escrow.
Tuesday, 19/12/2023 | 10:20 GMT by Tareq Sikder
Retail FX

Tawasal, Noor Capital Partner for Middle East Online Trading Services

  • The SuperApp unifies local stock markets in one service, eliminating the need to use multiple apps.
  • Noor Capital expanded this year, acquiring one of the UK's prime brokers.
Monday, 18/12/2023 | 09:15 GMT by Damian Chmiel
Retail FX

XTB Expands in UAE: Fractional Share Trading Now Available

  • XTB introduces fractional shares in the UAE following the success of this offering in other parts of the world.
  • The broker first presented trading in fractional shares in April.
Tuesday, 12/12/2023 | 08:15 GMT by Damian Chmiel
Retail FX

Denmark Pursues Extradited British Trader in £1.46B Tax Scandal

  • Danish authorities accuse Shah of negatively impacting its financial landscape.
  • Shah allegedly orchestrated a fraudulent scheme through share trading.
Wednesday, 06/12/2023 | 16:56 GMT by Jared Kirui
CryptoCurrency

Abu Dhabi Embraces M2's Arrival: Crypto Trading and Custodial Services Unveiled

  • UAE clients can register on the platform within two weeks.
  • It has launched an Earn product, providing yields of up to 10.5% on Bitcoin and Ethereum.
Tuesday, 28/11/2023 | 10:39 GMT by Tareq Sikder
Regulation

Strategy, Decentralization, and Tech Diplomacy: UAE's Forward-Thinking Crypto Regulation

  • How United Arab Emirates' crypto strategy aligns national actions with global interests.
Thursday, 16/11/2023 | 15:49 GMT by Pedro Ferreira
CryptoCurrency

UAE Shows Red Flags to Illicit Virtual Asset Service Providers

  • The new guidance mandates that LFIs, DNFBPs, and licensed VASPs must report suspicious transactions.
  • The UAE landed on the FATF's grey list in March 2022.
Wednesday, 08/11/2023 | 12:18 GMT by Tareq Sikder
CryptoCurrency

UAE's Crypto Landscape Thrives as 59% Embrace Long-Term View: KuCoin Survey

  • Dubai's crypto sector is booming, with diverse motivations driving adoption.
  • Challenges include market volatility, trust, and the need for education.
Tuesday, 31/10/2023 | 13:27 GMT by Jared Kirui
Retail FX

UAE’s Daman Securities Taps Advanced Markets to Launch New FX/CFDs Broker

  • The broker tapped the services of Advanced Markets, a prime of prime broker.
  • It will offer major and exotic currency pairs, commodities, indices, metals, and more.
Tuesday, 26/09/2023 | 07:49 GMT by Arnab Shome
Retail FX

News Nuggets | 6 September: Zodia Expands into Abu Dhabi; Belgium FSA Issues New Warnings

  • Also, Strise secured $10.8 million in funding; Finalto Asia announced its new Head of Sales.
  • Read today's FX/CFDs, crypto and fintech sectors' dynamic news.
Wednesday, 06/09/2023 | 11:03 GMT by Finance Magnates Staff
Retail FX

Why the Middle East Could Be Crypto's Next Goldmine

  • Binance and others shift focus to UAE amid regulatory challenges in the US.
  • The region is positioning itself as a global cryptocurrency hub.
Monday, 28/08/2023 | 11:45 GMT by Damian Chmiel
FinTech

From Digital Coins to Digital Minds: UAE Wants to Become Global AI Hub

  • UAE's AI, Digital Economy, and Remote Work Applications Office partners with Mastercard
  • The collaboration aims to combat financial crime and foster digital security.
Monday, 28/08/2023 | 08:01 GMT by Damian Chmiel
Retail FX

FxPro Relocates to Dubai in MENA Market Dash

  • Recently, Moneta Markets and Plus500 got licensed in Dubai.
  • Zenfinix, TrioMarkets and Scope Markets have also strengthened their MENA teams.
Thursday, 24/08/2023 | 18:26 GMT by Solomon Oladipupo
CryptoCurrency

Dubai’s VARA Unleashes Crypto Staking through Custody Services

  • VARA has updated its rulebook, allowing staking from custody services in Dubai.
  • The step boosts the Emirate's attractiveness as a new global crypto hub.
Thursday, 24/08/2023 | 08:20 GMT by Damian Chmiel
CryptoCurrency

Laser Digital Joins ATFX and CMC Markets in Dubai Crypto Push, Gains VASP License

  • Nomura's Laser Digital is another company that joins Dubai's crypto landscape.
  • The firm is set to launch its Trading and AM businesses in the next few months.
Tuesday, 01/08/2023 | 08:56 GMT by Damian Chmiel
CryptoCurrency

Binance Secures Operational License in Dubai despite Global Woes

  • Binance FZE has gained an operational license from Dubai's VARA.
  • The new license allows the company to offer exchange and broker-dealer services.
Monday, 31/07/2023 | 07:11 GMT by Damian Chmiel
CryptoCurrency

After 5 Years of Effort Rain Joins Growing Crypto Market in the Middle East

  • The company has been applying for a license in Abu Dhabi since 2018.
  • After half a decade, it finally joined the companies licensed in the Middle East.
Wednesday, 26/07/2023 | 08:30 GMT by Damian Chmiel
CryptoCurrency

Bitget Joins ByBit and OKX in Newest Dubai Crypto Push, Opens Local Office

  • Bitget extends its global reach to the Middle East, targeting UAE and Bahrain.
  • The company plans to hire 60 employees for the Middle East expansion.
Thursday, 20/07/2023 | 10:00 GMT by Damian Chmiel
Retail FX

UAE's FX and CFDs Trader Population Reaches Record 49,000 in 2023

  • Local retail leverage trading market outpaces Spain, Singapore, and France.
  • New traders are drawn to the industry due to the ability to trade in smaller amounts.
Thursday, 06/07/2023 | 06:53 GMT by Damian Chmiel
CryptoCurrency

Bybit Secures Authorization in Dubai amid Regulatory Reshuffle

  • This week, the exchange was licensed by CySEC and VARA.
  • However, the UAE's license is 'very restricted'.
Wednesday, 28/06/2023 | 09:58 GMT by Damian Chmiel
CryptoCurrency

Binance Mulls Over Middle East Focus amid Regulatory Pressure in the West

  • According to Binance Dubai, the region offers a clear framework for crypto firms.
  • In the meantime, the company is downsizing its European operations.
Monday, 26/06/2023 | 10:58 GMT by Damian Chmiel
Retail FX

ATFX Solidifies Middle East Presence with New UAE License

  • The license was granted to a local subsidiary of ATFX.
  • The broker has plans for further expansion in the coming months.
Thursday, 22/06/2023 | 10:19 GMT by Arnab Shome
CryptoCurrency

OKX Receives License for Operations in Dubai, Plans Expansion

  • OKX acquires MVP Preparatory license from Dubai's VARA.
  • The company intends to enhance its regional presence by increasing its Dubai staff to 30.
Thursday, 15/06/2023 | 11:19 GMT by Damian Chmiel
CryptoCurrency

Crypto.com Gains Singapore License; Gemini Eyes the UAE

  • Crypto.com obtained the license after an in-principal approval in June 2022.
  • Gemini did not specify when it will launch its UAE operations.
Thursday, 01/06/2023 | 08:10 GMT by Arnab Shome
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