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UAE Crypto Trade Revolution: Bank Account Integration with M2 The new integration enables seamless UAE Crypto Trade by allowing the direct conversion of UAE dirhams into Bitcoin and Ether through M2’s spot market. Crypto exchange M2 has announced that it will Author: Milton Shikuku https://lnkd.in/ej98TMYY #Cryptocurrency #News #crypto #CryptoinUAE #M2 #UAE #UAECrypto #UAEcryptotrade

The Central Bank of The UAE 🇦🇪 has granted in-principle approval for the launch of the first-ever regulated Dirham (AED) stablecoin, known as AE Coin, issued by AED Stablecoin LLC 💱 .This huge development aligns with the UAE's Digital Government Strategy 2025 and aims to enhance the country's digital economy. ℹ️ AE Coin is designed to be fully backed by the UAE Dirham, ensuring stability and minimizing volatility typically associated with cryptocurrencies. As a regulated stablecoin, it will operate under the Central Bank’s Payment 💵 Token Services Regulation, providing users with a secure and credible digital currency option. Furthermore, AE Coin will support decentralized finance (DeFi) platforms, allowing users to engage in lending, borrowing, and earning interest without intermediaries ✅ . ⚡ The introduction of AE Coin is anticipated to facilitate fast and low-cost transactions for both individuals and businesses, enhancing cash flow management and reducing transaction fees 🏧 . Future plans include partnerships with e-commerce platforms and the development of a mobile wallet app to simplify everyday transactions. As the first regulated stablecoin in the UAE, AE Coin positions itself as a competitive player in the local cryptocurrency market, potentially rivaling established entities like Tether. Ramez Rafeek, General Manager of AED Stablecoin, expressed enthusiasm about this approval, highlighting that AE Coin will revolutionize the digital currency landscape by offering financial freedom and enhanced security 🔒 . This initiative marks a pivotal step in the UAE's ongoing efforts to integrate blockchain ⛓️ technology into its financial ecosystem, paving the way for innovative payment solutions and broader cryptocurrency adoption in the region. Thanks Nida Khan for the tip off :). Credit picture: Live Bitcoin News #AED #CentralBank #UAE #Cryptocurrency #stablecoin #DeFi Leonel Marques Eric Babaud Maria Bezmelnitsina Michael Duval Brice Vandevoorde Thibault Pasquier Wesley Deglise Julien Choveton-Caillat Claudia Sasso Jesús Peña García 💥Roberto P. Moustapha Adjadj Aude Forestier Harry Lars Ghillemyn Daniel R. Umberto Benti Sorin Cristescu George Best OffChain Luxembourg a.s.b.l.

The UAE's first AED stablecoin is almost here with approval from CBUAE! 🇦🇪Discover what this means for the future of digital currency in the region. https://lnkd.in/gB6m4359 #UAE #Stablecoin #Cryptocurrency #DigitalCurrency #CBUAE

Exciting news for the UAE's crypto community! Now, you can seamlessly deposit and withdraw cryptocurrencies directly in dirhams. This marks a significant step forward in integrating crypto with traditional banking, making digital assets more accessible to everyone in the UAE. As the region continues to lead in fintech innovation, this move opens up new opportunities for individuals and businesses alike. #Crypto #UAE #Fintech #DigitalBanking #Blockchain #Innovation

Crypto company OKX officially launches in the UAE #uaefintech #fintechuae #fintech #fintechnews #finance #financialtechnology #technology #tech #technews #UAE #cryptonews #digitalcurrency #cryptocurrency #crypto #cryptocurrencyexchange #cryptotrading

The rise of financial inclusion in Sub-Saharan Africa is significantly driven by mobile money and cryptocurrency, reshaping access to financial services. With mobile subscriber numbers soaring, technologies like blockchain offer solutions that bypass traditional banking barriers, making financial interactions simpler and more inclusive. Cryptocurrencies facilitate low-cost, rapid cross-border transactions, crucial for the region's small businesses and migrant workers, while mobile platforms provide an accessible banking alternative. Despite challenges like regulatory uncertainty, adopting crypto is compelling governments towards supportive frameworks, promoting a financial landscape tailored to Africa's diverse needs, and fostering economic inclusion and growth. Currency Binance https://lnkd.in/dp6inxpc

Asian Banks Leading the Way in Crypto Adoption Asia is rapidly becoming a hub for crypto adoption, with several banks across the region embracing blockchain technology and digital assets. From cross-border payments to tokenized securities, here’s how some of Asia’s largest financial institutions are driving innovation in the crypto space: DBS Bank (Singapore) 🇸🇬 A pioneer in crypto adoption, DBS launched its own DBS Digital Exchange that allows clients to trade crypto assets like Bitcoin, Ethereum, and XRP. It’s also exploring tokenized assets and a blockchain-based platform for faster, more secure transactions. Siam Commercial Bank (Thailand) 🇹🇭 SCB is one of Thailand’s largest banks, heavily involved in blockchain initiatives. It has partnered with Ripple to facilitate real-time cross-border payments and also invested in the local crypto exchange Bitkub to advance digital financial services. Shinhan Bank (South Korea) 🇰🇷 South Korea’s Shinhan Bank has invested in blockchain technology for remittances and digital asset custody. They’re also involved in the development of a central bank digital currency (CBDC) for the Bank of Korea. Mizuho Bank (Japan) 🇯🇵 A leader in Japan’s crypto ecosystem, Mizuho Bank offers a blockchain-based digital currency called J-Coin and is involved in various crypto-related initiatives, including digital payments and settlement systems. UnionBank (Philippines) 🇵🇭 UnionBank is ahead of the curve, launching its own crypto custody service and running a pilot for stablecoin-based remittances. It’s also been a strong advocate for blockchain’s potential in improving financial services across the country. Asia’s financial institutions are at the forefront of integrating crypto and blockchain into their operations, leading a global shift toward more efficient, transparent, and inclusive financial systems. As the region’s crypto ecosystem matures, expect more innovation from these forward-thinking banks. #CryptoAdoption #AsianBanks #Blockchain #FinTech #DigitalTransformation #CryptoInnovation

Exciting news for the UAE's fintech landscape! 🚀 The Central Bank of the UAE (CBUAE) has granted in-principle approval to AED Stablecoin LLC to launch AE Coin, the first-ever regulated stablecoin in the UAE. This groundbreaking development aligns perfectly with the UAE's Digital Government Strategy 2025 and marks a significant milestone in our journey towards a more innovative and efficient digital economy. Key highlights of AE Coin: • Fully backed by the UAE Dirham, ensuring stability and security • Regulated under the "Payment Token Services Regulation" (Circular No. 2/2024) • Combines the reliability of fiat currency with the agility of blockchain technology • Enables seamless, low-cost transactions and DeFi integration As a project leader in the banking sector, I'm thrilled to see this progress in our financial ecosystem. AE Coin has the potential to revolutionize payments, enhance financial inclusion, and drive innovation across various industries. What are your thoughts on this development? How do you see stablecoins impacting the future of finance in the UAE and beyond? #FinTech #Blockchain #DigitalTransformation #UAEInnovation #Stablecoin

Regulation roundup Thai SEC to ban unlicensed crypto exchanges. Thai authorities have decided to block unlicensed cryptocurrency exchanges to combat money laundering and online crimes. The Securities and Exchange Commission will provide a list of these exchanges to the Ministry of Digital Economy and Society. Read more here: https://loom.ly/L-MupVE #crypto #cryptopolicy #regulations #tailand #cryptoexchange