Dubai
Dubai Regulator Seeks Feedback on Security Tokens Regulations
The Dubai Financial Services Authority (DFSA) is requesting feedback on its proposed regulation of security tokens. The DFSA has published its “Framework for Regulating Security Tokens” which includes derivatives as well and will be open to public consultation for a period
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UAE Fintech Ecosystem Should Brace Itself for Greater Risks That Lies Ahead
A survey conducted by Várri Consultancy, a Dubai-based consultancy focused on strategy and risk assessment, found that as the UAE fintech industry continues to grow, there are greater risks and uncertainties that lies ahead compared to a year ago. The
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Crypto Businesses Now Able to Set Up at DMCC in Dubai Following SCA Agreement
The Free Zone and Government of Dubai Authority on commodities trade and enterprise – has entered into a memorandum of understanding (MoU) with the Securities and Commodities Authority (SCA) to establish a regulatory framework for businesses offering, issuing, listing, and trading
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UAE Central Bank Issues Two New Payment Systems Regulations
The Central Bank of the UAE (CBUAE) has issued two new regulations namely the Large-Value Payment Systems (LVPS) Regulation and the Retail Payment Systems (RPS) Regulation. Both regulations apply to payment systems operating in the UAE and payment systems that
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Emirates NBD Integrates With UAE PASS for Digital Onboarding
Emirates NBD announced that it has integrated its website with UAE PASS, enabling individual customers to seamlessly open a bank account using their UAE PASS credentials. The UAE PASS app is the first national digital identity and signature solution that
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Baraka Unveils Commission-Free Investment Platform for the UAE
baraka, a UAE-based fintech startup, introduced its proprietary commission-free mobile trading platform following a pre-seed capital raise of USD 1 million. The secure and user-friendly app is aims to officially launch in the second quarter of 2021, subject to regulatory
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Sarwa To Launch Zero-Commission Trade Service in the UAE
Sarwa, a Dubai-based investment advisory platform, is launching a zero-commission trade service in the United Arab Emirates (UAE). The new feature will allow clients to buy and sell stocks as well as funds through the Sarwa app within a few
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Neobank YAP Debuts as the First Independent Digital Banking Platform in the UAE
Dubai-based neobank YAP has launched as the first independent digital banking platform in the UAE according to Reuters. YAP said that more than 20,000 customers have pre-registered and the accounts will gradually go live in coming weeks. YAP has not
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11 Startups Graduate Startupbootcamp Fintech Dubai’s 3rd Cohort
Startupbootcamp Fintech Dubai’s industry focused accelerator programme has concluded with 11 startups graduating from its third cohort. Startupbootcamp Fintech Dubai was launched in 2018 in partnership with Dubai International Financial Centre’s Fintech Hive (DIFC), Visa, Mashreq bank and HSBC. To
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How to Buy Cryptocurrencies in the UAE
The cryptocurrency market has had a wild year. Market capitalization jumped 750% between January 2020 and February 2021 to reach an all-time high of US$1.7 trillion. In this timeframe, the price of bitcoin surged more than 600% to surpass 57,000
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