2023-3-6 23:43 |
Dubai-based Bybit is the latest crypto exchange to suspend U.S. dollar wire transfers, claiming partner disruptions.
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Dubai has officially approved Ripple for regulated crypto services, allowing the blockchain payments company to operate within the Dubai International Financial Centre (DIFC). In an announcement on Thursday, Ripple confirmed that the Dubai Financial Services Authority (DFSA) has granted it a license to offer regulated crypto payments and services. This milestone makes Ripple the first […]
The United Arab Emirates has exempted crypto transactions from value-added tax (VAT), according to an amendment in the law made by the Federal Tax Authority.
Dubai Court validates salary payments in cryptocurrency, shifting from prior stance. The employee’s contract in the case in question included both fiat and EcoWatt tokens as payment. The ruling sets a precedent for digital currency adoption in UAE’s financial transactions.
Bybit extended its DMCC partnership, transitioning to an advisory role from August 2024. Bybit and DMCC to co-organize a global hackathon and a flagship conference. Over 20 startups were supported by Bybit in Dubai’s dynamic crypto ecosystem last year.
Dubai Customs has introduced an advanced blockchain platform to improve transparency and efficiency in commercial operations within Dubai and other countries. This new blockchain platform will enhance Dubai’s business environment by improving efficiency in the supply chain while also contributing…