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

Read More

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

Read More

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

Read More

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

Read More

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

Read More

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

Read More

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

Read More

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

Read More

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

Read More

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

Read More