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Stablecoins are playing an increasingly important role in the UAE’s evolving digital economy. Recently, Tether announced the development of a new stablecoin pegged to the UAE Dirham, designed to facilitate smoother international trade and remittances. This dirham-pegged stablecoin will be fully backed by UAE-based liquid reserves, offering users greater stability in cross-border payments and a hedge against currency fluctuations. The introduction of this stablecoin reflects the UAE’s strong stance as a global economic hub for digital assets, underpinned by a favorable regulatory environment. Additionally, the Abu Dhabi Global Market is taking steps to regulate fiat-referenced tokens (FRTs), which include stablecoins like the dirham-pegged asset. The ADGM aims to balance innovation with consumer protection by creating a framework that ensures safe issuance and usage of such tokens . These developments highlight the UAE’s leadership in adopting blockchain technology and digital assets, positioning the region for a strong future in financial innovation. #crypto #payments #MENA #digitalAssets

Major Update in Dubai's Crypto Landscape! 🚨 Starting next month, cryptocurrency transactions in the UAE will be exempt from Value-Added Tax (VAT). This move follows the recent amendments by the UAE’s Federal Tax Authority, making it easier for investors and businesses to operate in the rapidly growing crypto market. Key Highlights: ✅ No VAT on crypto transfers or services like investment fund management. ✅ Major step towards positioning the UAE as a global crypto hub. ✅ Strengthened collaboration between the Securities and Commodities Authority (SCA) and Dubai’s Virtual Assets Regulatory Authority (VARA). This is a game-changer for Dubai’s crypto industry! #CryptoDubai #BlockchainRevolution #DubaiUpdates #VATExemption #CryptoNews #UAE #VirtualAssets #CryptoRegulation #InvestInDubai #DigitalAssets #theroyalpin

UAE Exempts Crypto Transactions From Value-Added Tax When discussing countries making conscious efforts to integrate crypto into their national systems in the Middle East, the UAE tops the list. The country has launched a series of crypto reforms that have placed it above its peers and set it apart from the crowd. New reports coming from the UAE now suggest it has exempted cryptocurrency transactions from value-added tax (VAT), effective November 15. The policy is set to align the country's virtual assets sector with traditional financial services, many of which already enjoy VAT exemptions. This is a smart move, as officially recognising cryptocurrencies in this manner positions the UAE as a forward-thinking hub for digital finance, reinforcing its commitment to fostering innovation in the financial technology space. While many countries are restricting crypto transactions and tightening regulations, the UAE is going in the opposite direction. With this move, the UAE is likely to attract more businesses and investors, reinforcing its status as a leading financial centre in the region and fostering further growth in the blockchain and digital asset sectors. #UAE #Bitcoin #BTC #Crypto #Blockchain #Middleeast

🌟 Exciting News from the UAE: Taxes on All Crypto Transactions Eliminated! 🇦🇪💰 🌍 Global Implications The UAE's bold decision could ripple across the globe, inspiring other countries to reevaluate their tax policies regarding cryptocurrencies. As nations strive to keep pace with the rapidly evolving digital economy, we may see more regions adopting similar tax reliefs to attract crypto businesses and investors. 🔗 The Future of Crypto in the UAE With the UAE positioning itself as a prime destination for crypto activities, we can anticipate a wave of new initiatives and partnerships. This could lead to innovative projects, enhanced regulatory frameworks, and collaborative efforts that leverage blockchain technology for diverse applications, from finance to supply chain management. 📈 What’s Next? Investors and entrepreneurs should keep a close eye on developments in the UAE, as this could be a pivotal moment for the global cryptocurrency market. ✨ Join the Conversation! We’d love to hear your insights. Do you think other countries will follow suit? What opportunities do you see arising from this tax elimination in the UAE? #CryptoNews #GlobalFinance #UAEInnovation #DigitalEconomy #BlockchainRevolution #CryptoInvesting #spiegeltechnologies

The Crypto Hub Daily Update 🗒 1. ✅VARA granted operational approval to Crypto.com's Dubai-based entity, CRO DAX Middle East FZE, on April 9 after meeting pre-operational conditions outlined in their virtual asset service provider licence obtained in November 2023. 2. According to Cointelegraph, Crypto.com's next step is to introduce their exchange for institutional investors.🏬 3. Founded in Hong Kong in 2016, Crypto.com operates from Singapore and has expanded globally🌐, including partnerships with BTG Pactual, a major Latin American investment bank, to promote crypto banking in the region last month. 4. On April 2nd, Crypto.com announced that it will launch 🚀 its cryptocurrency trading app for South Korean retail investors on April 29th. 5. Despite its global expansion, Crypto.com faced setbacks ❌ due to registration violations in the Netherlands, resulting in fines.🔖 #vara #dubai #cryptocom #globalexpansion #cryptoexchange #dailyupdate #tch #thecryptohub

𝗙𝘂𝘁𝘂𝗿𝗲 𝗼𝗳 𝗖𝗿𝘆𝗽𝘁𝗼 𝗶𝗻 𝗨𝗔𝗘 🇦🇪 📊 The revenue in the UAE’s crypto sector is expected to grow 📈 by 7.89 percent year-on-year (YoY) to $395.80 million by 2028, up 🔝 from $292.10 million in 2024, according to fintech company. The UAE’s 🇦🇪long-standing goal to diversify away from oil ⛽️has been reinforced by various mandates across several industries to ensure Sheikh Mohammed’s vision 🎖of future-proofing the nation is realized. Crypto has increasingly become a part of this journey, with the UAE 🇦🇪 recognizing the enormous potential it holds not only regionally but also globally🌎 Additionally, by initiating strategies to integrate crypto as a mainstay within its borders, the country is ushering in a new era to become a leading🎯 crypto hub worldwide. Share your views with us 💬 & follow us ⏩ for more industry updates. 🖱 www.cryptominers.ae 📩 info@cryptominers.ae 💡https://lnkd.in/dtAZxRK7 ⚙https://lnkd.in/dRS9j4Rk 💢https://lnkd.in/dB7rECmT 📸https://lnkd.in/dv--mT6g ✖️x.com/cryptominersgcc ➿https://lnkd.in/d9VrDptT #uae #vision #sheikh #dubai #bitcoin #hodl #cryptominers #cryptouae #news #dubai #btc

Dubai: Frontrunner in Blockchain Finance - How is it Revolutionizing the Industry? 🇦🇪 ⛓️ Dubai has emerged as a global leader in embracing blockchain technology, particularly within the financial sector. This innovative approach is transforming traditional finance by offering a more secure, efficient, and transparent landscape. But what exactly are the use cases of blockchain in Dubai's finance industry? Let's delve into a few: Trade Finance: Streamlining the cumbersome process of letters of credit and trade finance transactions. Imagine faster approvals, reduced paperwork, and lower costs for businesses! (Example: HSBC UAE Trade Finance with Blockchain:  https://lnkd.in/gA7D6jqs) Securities & Issuance: Enabling secure issuance and management of stocks, bonds, and other financial instruments. This translates to increased investor confidence and a more dynamic market. Regulatory Compliance: Blockchain's tamper-proof nature offers a perfect solution for regulatory compliance. Imagine automated reporting and streamlined audits for financial institutions. Here's where I want to hear from YOU! Have you witnessed the impact of blockchain in Dubai's financial sector? What specific use cases are you most excited about? Are there any challenges you see with widespread adoption? Let's discuss in the comments! #Dubai #Blockchain #Finance #Innovation #FinTech P.S. For those interested in learning more, check out the Dubai Blockchain Strategy: https://lnkd.in/guvbPuUR

The Stablecoin Revolution Has Arrived: UAE Approves the First Regulated Stablecoin Pegged to the Dirham (AED)! 🚀 Parabellum is closely following recent developments in the United Arab Emirates, where the Central Bank has approved the first regulated stablecoin backed by the Dirham (AED). This is a monumental step that promises to transform the global financial landscape and the UAE’s digital economy. Here are the key highlights of this innovation: 🔒 Stability and Security: The AE Coin, fully backed by transparent reserves, provides security for businesses and users through regular audits. ⚡ Instant and Low-Cost Transactions: With this stablecoin, transactions become faster and cheaper, fueling the growth of the Emirates’ digital economy. 🌍 Leadership in Innovation: While other countries impose stricter regulations, the UAE is fostering a favorable environment for crypto adoption. This move places the Emirates at the forefront of global financial innovation. 🔮 The Future is Now: In addition to AE Coin, giants like Tether are seeking approval to launch their own Dirham-pegged stablecoins, promising increased competition and technological advancement. At Parabellum, we believe the future of digital finance lies in innovative solutions like this. We are ready to provide top-tier liquidity and consulting solutions for companies looking to capitalize on this global transformation. Join us and be part of the new era of digital finance! 💡 Sources: https://lnkd.in/dRJ5j8Mm #Parabellum #Stablecoin #Blockchain #Crypto #UAE #FinancialInnovation #GlobalLiquidity #Fintech #DigitalEconomy