Standard Chartered’s DIFC-licensed custody, its Zodia acquisition, and a shift toward settlement and sovereign-fund onboarding show UAE crypto has entered its institutional phase.
Major cryptocurrency industry figures recently convened in Abu Dhabi, aiming to secure investments from wealthy Emirati investors to revitalize the market after a two-month slowdown. The influx of “crypto titans” was fueled by rumors of significant investors, notably representatives from a $330 billion sovereign wealth fund, being present at a local crypto conference. Despite the … Read more
ADNOC Distribution, one of the region’s largest networks of fuel and convenience outlets, is launching a major retail pilot to allow customers to pay for fuel and in-store purchases using the AE Coin, the UAE’s government-approved, dirham-backed stablecoin. Key Points Partnership: The retailer is partnering with Al Maryah Community Bank, which provides the payment infrastructure … Read more
Bybit announced a major strategic roadmap at its Institutional Gala in Dubai, highlighting key advancements in regulatory compliance and institutional service infrastructure. Key Highlights: Full Regulatory Approval in UAE: Co-founder and CEO Ben Zhou confirmed that Bybit has received full authorization under the UAE’s Virtual Asset Platform Operator (VAPO) framework. This approval allows Bybit to … Read more