Crypto Market Maker QCP Capital Secures In-Principle Approval to Operate in Abu Dhabi
The company’s CEO Melvin Deng said QCP targeted Abu Dhabi due to its progressive approach to crypto.
ADGM Teams Up with Solana to Boost DLT Projects in Abu Dhabi
Hamad Al Mazrouei, CEO of the ADGM registration authority, described the collaboration as a “key milestone” in strengthening ADGM’s position in the blockchain sector.
Paxos Obtains Regulatory Approval in UAE to Offer Fiat-backed Stablecoins to Web3 Users
Paxos received the in-principle approvals (IPAs) of the Financial Services Regulatory Authority (FSRA) in the Abu Dhabi Global Market (ADGM) to offer USD-backed stablecoins among other crypto services.
IOTA Foundation Secures Fresh Registration in Abu Dhabi, IOTA Price Shoots 40%
As part of this development, the IOTA Ecosystem DLT Foundation shall receive an initial endowment of over $100 million in IOTA tokens over the span of four years.
Abu Dhabi Starts $2 Billion Scheme to Support Local Web3 Startups
By
Tolu Ajiboye
UAE megacity Abu Dhabi is beginning a well-funded initiative that would allow Web3 startups access vast resources for growth.
Abu Dhabi-based Venom Foundation and Iceberg Capital Unveils $1B Venom Ventures Fund for Web3
Venom Ventures Fund (VVF) has announced a $20 million funding investment in Nümi Metaverse, a universal platform for creators, innovators, and followers, as its first Web3 backing.
Kraken Receives License to Operate in UAE
Regulatory clarity is one factor that prompted Kraken to expand into the UAE.
Binance Gets In-Principle Approval in Abu-Dhabi
Since facing regulatory challenges in China, the US, and the UK, Binance has taken active steps to comply with local regulatory bodies while it continues its mission to expand its activities in the world.
Matrix Exchange Receives In-Principle Approval from Abu Dhabi Global Market
Matrix Exchange announced on July 12 that it has received an In-Principle Approval from by the Financial Services Regulatory Authority of the Abu Dhabi Global Market to operate as a crypto asset exchange and custodian in ADGM.