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Dubai Court Recognizes Cryptocurrency for Salary Payments

In a landmark decision, the Dubai Court of First Instance has recognized the payment of salaries in cryptocurrency under employment contracts, marking a significant shift in the United Arab Emirates…

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BRICS Countries Deem US Dollar Less Important in Global Trade, Says Indian Expert

The vice chairman of the BRICS Chamber of Commerce and Industry, Sameep Shastri, has highlighted the economic bloc’s shift away from reliance on the U.S. dollar, opting instead to trade…

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Ripple and DIFC Partner to Drive Blockchain and Crypto Adoption in UAE

Ripple has unveiled its plan to partner with the Dubai International Financial Centre (DIFC) Innovation Hub to promote blockchain and crypto adoption in the UAE. The collaboration seeks to encourage…

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Binance’s Local Exchange Receives Dubai License, Initiates UAE User Migration

Binance is transitioning UAE resident accounts to its new regulated local entity, Binance FZE, following a Virtual Asset Service Provider license from Dubai’s regulator. This change will allow UAE users…

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Nexo Secures Preliminary VARA Approval to Launch Crypto Lending and Brokerage Services in Dubai

On Tuesday, Nexo announced its Dubai entity, Nexo DWTC, had secured preliminary approval from Dubai’s Virtual Assets Regulatory Authority (VARA) to engage in virtual asset lending, borrowing, and broker-dealer activities…

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