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United Arab Emirates

UAE reduces tax burden; IMF seeks high taxes for BTC miners
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9 October, 2024

UAE reduces tax burden; IMF seeks high taxes for BTC miners

The new exemptions in the UAE will take effect in November but will be applied retrospectively from January 2018 as...
UAE leads as Middle East embraces digital assets
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8 October, 2024

UAE leads as Middle East embraces digital assets

Chainalysis found that the UAE recorded 42% YoY growth, receiving $30 billion in digital assets in the year ending June...
Nigeria turns to blockchain to tackle land fraud
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23 September, 2024

Nigeria turns to blockchain to tackle land fraud

Elsewhere, the UAE has issued a license to Finstreet, a new digital exchange that offers blockchain-powered solutions, including tokenization and...
Dubai court recognizes employees’ right to receive salary in digital assets
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22 August, 2024

Dubai court recognizes employees’ right to receive salary in digital assets

The Dubai Court held that employees are entitled to receive compensation in both fiat and digital currencies subject to the...
Zumo joins the Abu Dhabi Sustainable Finance Declaration
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21 August, 2024

Zumo joins the Abu Dhabi Sustainable Finance Declaration

Zumo has signed the Abu Dhabi Sustainable Finance Declaration, reinforcing the platform's commitment to a greener financial services industry as...
UAE establishes new charter to ensure safe AI usage, equality
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6 August, 2024

UAE establishes new charter to ensure safe AI usage, equality

Ensuring its position as an undisputed leader in AI, the UAE lays out guardrails for developers with commercial AI offerings,...
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