Finance News

UAE Launches ‘Financial Infrastructure Transformation’ Program; CBDC Among 9 Key Objectives

Coins Legend February 14, 2023 0

On Feb. 12, 2023, the Central Bank of the United Arab Emirates (CBUAE) announced the launch of a new initiative called the “Financial Infrastructure Transformation Program,” which has nine key objectives. One of these objectives is the research and development of a central bank digital currency

Regulation

Dubai Regulator Grants Crypto Trading App OKX License to Extend Services in the UAE

Coins Legend July 19, 2022 0

The Seychelles-based crypto trading app, OKX, recently became the latest virtual assets service provider to be granted a provisional licence to provide its services in the United Arab Emirates (UAE). The provisional licence allows OKX to extend certain exchange products and services to pre-qualified investors and financial service providers. OKX Allowed to Extend Certain

Regulation

Digital Asset Exchange Coinmena Secures Provisional License Allowing It to Operate in the UAE

Coins Legend June 20, 2022 0

Coinmena, the Bahrain-headquartered and sharia-compliant digital asset exchange, announced recently that it had secured a provisional virtual assets license from Dubai’s Virtual Assets Regulatory Authority (VARA). The license allows Coinmena to not only expand its activities but to “further strengthen [its] banking relationships within the UAE.” Expanding Coinmena’s

News

UAE Charitable Foundation Receives Approval to Accept Crypto Donations

Coins Legend June 5, 2022 0

Al Jalila Foundation, the United Arab Emirates charitable organization, recently announced that it has been given permission to accept cryptocurrency donations. Accepting cryptocurrencies makes it possible for the foundation to receive funding via what is described as one of the fastest-growing donation methods. Accepting Crypto Expands Foundation’s Donation Channels A