UAE Amasses $700M Bitcoin Stockpile Through State Mining
Blockchain analytics firm Arkham Intelligence reports the UAE holds roughly $700 million in Bitcoin through state-linked mining, marking a sovereign production-based crypto reserve.
Blockchain analytics firm Arkham Intelligence reports the UAE holds roughly $700 million in Bitcoin through state-linked mining, marking a sovereign production-based crypto reserve.
Animoca Brands has obtained a VASP license from Dubai’s VARA to offer broker-dealer and asset management services. The move comes as the emirate strengthens its regulatory framework by tightening oversight on privacy tokens and stablecoins.
Sheikh Tahnoon’s investment in World Liberty Financial ties the USD1 stablecoin to a $2 billion Binance deal, raising scrutiny amid US AI export policy shifts.
Universal Digital has introduced USDU, the first US dollar stablecoin registered by the UAE central bank, marking a milestone in the country’s regulated digital payments framework.
RAKBank has received in-principle approval from the UAE central bank to issue a dirham-backed stablecoin, adding another regulated lender to the country’s expanding digital payments landscape.
Abu Dhabi’s financial regulator authorized licensed firms in ADGM to support USDT across nine additional blockchains, expanding the stablecoin’s regulated presence.
Circle secured a Financial Services Permission license from Abu Dhabi Global Market, strengthening its position in the Middle East as the UAE accelerates the development of a regulated digital asset ecosystem.
Binance has become the first crypto exchange to obtain a global license under Abu Dhabi Global Market’s regulatory framework, marking a significant shift in digital-asset oversight.