Alexander Politayko

Great news today! AE Coin has officially secured the final Central Bank of the UAE license to launch today! Developed under the CBUAE’s digital payment token services framework, AE Coin is set to revolutionize the financial services landscape, promising an instant, secure, stable, innovative, low-cost and efficient payment experience that will reshape the future of the digital economy. Bridging between conventional fiat currencies and the decentralised digital economy, AE Coin enables secure, instantaneous and cost-effective transfers through blockchain technology, while maintaining the reliability of fiat-backed stability, where one AE Coin is equivalent to one UAE Dirham. Today, we enter an era where individuals and businesses are empowered to access the most modern financial tools, foster financial inclusion, and support innovation in e-commerce, remittances, and decentralised finance (DeFi). AE Coin leads this evolution and establishes itself as a cornerstone of the UAE’s forward-looking digital economy strategy. And you… Will you be joining this revolution in our digital economy? #AECoin #AECWallet

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🇦🇪UAE’s Abu Dhabi Global Market (ADGM) Regulates First Stablecoin Issuance From Paxos! 🌟Paxos International, a UAE-based affiliate of the leading blockchain & tokenization platform, has launched the Lift Dollar (USDL) – a yield-bearing stablecoin regulated by the Financial Services Regulatory Authority (FSRA) of ADGM. ❓What makes USDL unique❓ 🔹 Regulated and Safe: Backed by high-quality liquid assets like US dollar deposits and short-term US treasuries, ensuring 1:1 parity with the US dollar. 🔹 Yield-Bearing: Earn overnight yield from minimal-risk US government securities, distributed daily via Ethereum smart contracts. 🔹 Global Reach: Available in Argentina through partners Ripio, Buenbit, Manteca, and Plus Crypto. ❓Why is this a game-changer❓ USDL democratizes access to overnight yield, allowing token holders to earn daily income effortlessly. This innovation shifts interest from the issuer directly to end holders, offering a modern alternative to traditional savings. 🗣️Voices from the Industry:🗣️ Ronak Daya Paxos International: “Lift Dollar benefits token holders with daily yield and all the advantages of a regulated, trusted platform.” Sebastian Serrano, Ripio “USDL promotes inclusion and economic freedom with robust, reliable cryptocurrency options.” Federico Ogue, Buenbit: “Yield-bearing stablecoins like USDL are the future, sharing revenue directly with users.” Federico Goldberg, Manteca “USDL allows holders to seamlessly generate income, revolutionizing financial opportunities.” About Paxos: Paxos partners with global enterprises like PayPal, Mastercard and Bank of America to tokenize, custody, trade, and settle assets. They are the issuer of regulated digital assets including PayPal USD (PYUSD), Pax Dollar (USDP), and Pax Gold (PAXG). 📩 Need assistance with obtaining a license for conducting virtual asset regulated activities in Abu Dhabi? Reach out to us at [email protected]. 🌟 🌟 For all your inquiries regarding the application of license to conduct a virtual assets regulated activity, in Abu Dhabi. We’re here to help! Drop us a line ➡[email protected] #Paxos #USDL #Stablecoin #ADGM #Compliance #Fintech #AbuDhabi #Crypto #License #Regulation #VirtualAssets #Dubai #Ethereum

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UAE crypto market grows 42% YoY on back of forward-focused government regulation and increasing institutional investment This impressive 42% year-on-year growth is significantly higher than the MENA average of 12%. In the UAE, small retail (<US$1k) and large retail (US$1k-US$10k) crypto transactions each increased by over 80%. The number of Professional (US$10k-US$1M) and Institutional (US$1M-US$10M) sized transfers also increased by 46.30% and 55.07% respectively. This well-rounded growth across all value segments stands in contrast to the trend in the broader MENA region, where the majority of crypto activity was driven by institutional and professional-level activity, with 93% of value transferred consisting of transactions of US$10,000 or above. This suggests that a broader demographic in the UAE utilises cryptocurrencies, indicating a high degree of market maturity. Read more: https://lnkd.in/d8E-vaed

🇦🇪 Abu Dhabi Securities Exchange-listed Phoenix Group and digital asset firm Tether on Wednesday announced a plan to launch a stablecoin pegged to the UAE dirham. The launch of the coin is aimed at capitalising on the UAE currency’s stability and tapping the global stablecoins market valued at $150 billion and is set to reach $2.8 trillion by 2028. “The UAE is becoming a significant global economic hub, and we believe our users will find our dirham-pegged token to be a valuable and versatile addition. The dirham-pegged stablecoin is set to become an essential tool for businesses and individuals looking for a secure and efficient means of transacting in the UAE dirham, whether for cross-border payments, trading, or simply diversifying one's digital assets,” said Paolo Ardoino, CEO of Tether. The launch of the dirham-pegged cryptocurrency became even more important after a Dubai court recently approved the payment of salaries in cryptos. #economy #finance #technology #innovation #crypto #future #uae #dubai

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AED Stable coin has received in-principle approval from the Central Bank of the UAE to launch AE Coin, the first-ever AED-backed stable coin under the “Payment Token Services Regulation.” AE Coin combines the stability of fiat with the agility of blockchain, paving the way for secure, fast, and cost-effective transactions in the UAE’s growing digital economy. AE Coin will set a new standard for transparency and innovation in financial services, offering businesses and individuals a reliable digital currency for seamless payments, DeFi integration, and more—all under the regulatory oversight of the Central Bank of the UAE. #DigitalEconomy #Blockchain #Stablecoin #FinancialInclusion #Innovation https://lnkd.in/gmYwe8ck

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Dubai Financial Services Authority (DFSA) - Source: https://lnkd.in/gmRhquVj #dubai #regulation #cryptoassets #digitalassets #tokens #regime #explianer #faq Highlights: The DFSA’s Crypto Token regime provides a clear framework for businesses operating in the Dubai International Financial Centre (DIFC). It is designed to foster innovation while maintaining a robust regulatory approach to ensure financial stability and consumer protection. In this explainer, the DFSA delves into the intricate details of how Crypto Tokens are classified, recognised, and governed under its regulatory regime. The explainer covers key topics such as: What are Crypto Tokens? Gain a better understanding of the cryptographically secured digital representations that are reshaping the financial landscape. Recognised vs Unrecognised Tokens: Discover the DFSA’s Token Recognition Criteria and learn what it takes for a Token to be used in the DIFC. Prohibited Tokens: Learn which Tokens, including Privacy Tokens and Algorithmic Tokens, are explicitly prohibited in the DIFC. How to Get a Crypto Token Recognised by the DFSA: A step-by-step guide for businesses aiming to get their Crypto Tokens recognised. Frequently Asked Questions: Covering everything from licence variation requirements to the DFSA’s stance on stablecoins. It also covers what requirements relating to anti-money laundering, consumer protection, and technology governance need to be complied with. With this explainer, firms will gain a clear roadmap to navigate the growing world of crypto in the DIFC, ensuring their operations comply with international standards.

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Breaking: Binance Secures Full VASP License in Dubai, CZ Relinquishes Control Binance Holdings Ltd. has reached a significant milestone by obtaining a full Virtual Asset Service Provider (VASP) license in Dubai. This achievement reflects Binance’s commitment to navigating the complex regulatory landscape while continuing to expand its global presence. As part of the agreement, co-founder Changpeng “CZ” Zhao made the strategic decision to relinquish his voting control in the local entity, a move aimed at ensuring alignment with regulatory requirements and facilitating the smooth acquisition of the license. https://lnkd.in/e6Adx7CF #crypto #cryptonews #cryptocurrency

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Bybit’s institutional investors triple ETH exposure ahead of ETF launch #uaefintech #fintechuae #fintech #fintechnews #finance #financialtechnology #technology #tech #technews #ETF #Ethereum #ETH #investments #investors #investing #trading #cryptonews #digitalcurrency #cryptocurrency #crypto #digitalassets

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Tether has announced its plan to launch a stablecoin pegged to the UAE Dirham (AED), marking a significant step in the digital currency space. This new stablecoin aims to facilitate seamless digital transactions within the UAE and is part of Tether's broader strategy to expand its portfolio of stablecoins. The initiative aligns with the UAE's goals of enhancing financial innovation and adopting blockchain technology to boost economic growth. Which country do we expect this with next? #Fintech #Blockchain #Tether #DigitalCurrency #UAE #Innovation #Stablecoin #Finance

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UAE licensed crypto exchanges target Institutional Investors with new products and offerings #cryptoexchanges #UAE #products #services #institutionalinvestors #custody #GCC #MENA #licensed #OKX #Binance #GCEX #Deribit OKX Binance GCEX Deribit

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Bill Barhydt is the CEO of Abra, a wallet & exchange that includes trading, yield, borrowing, & funds. In this episode, Bill Barhydt discusses the future of the crypto & more! https://lnkd.in/dUAse4YU

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Bill Barhydt is the CEO of Abra, a wallet & exchange that includes trading, yield, borrowing, & funds. In this episode, Bill Barhydt discusses the future of the crypto & more! https://lnkd.in/dUAse4YU

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The Central Bank of The UAE (CBUAE) board recently approved a new system for overseeing and licensing stablecoins. This move aims to enhance digital transactions, advance the digital economy, and foster innovation in the UAE. It marks a significant step in the country’s efforts to establish itself as a leader in stablecoins. In a recent podcast interview with Cheque Point by Finance Middle East, Arushi Goel, Policy Lead for MEA at Chainalysis, discussed the Central Bank of the UAE’s latest regulations on Payment Token Services. The podcast highlighted the progress made by UAE regulators in defining and implementing stablecoin regulatory schemes. Interview by Nivetha Dayanand Follow the link for more details: https://lnkd.in/dyZvrXaX

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