UAE
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AE Coin, the UAE’s Stablecoin, Leads the Revolution. 🇦🇪🪙
The UAE has cemented its place as a global leader in digital finance with the launch of AE Coin, its first Dirham-backed stablecoin. This groundbreaking currency blends traditional financial stability with blockchain innovation, maintaining a 1:1 peg to the UAE Dirham. AE Coin offers fast, cost-effective, and secure transactions, addressing inefficiencies in conventional systems and expanding access to digital finance.
With stablecoins now accounting for over half of global cryptocurrency transactions, AE Coin positions the UAE at the forefront of this $9.8 billion market. Beyond payments, it promises to transform sectors like online commerce and decentralized finance, creating opportunities for both individual and institutional investors.
Unlike many nations, the UAE pairs innovation with clear regulation, fostering a transparent and secure digital ecosystem. This forward-thinking strategy not only mitigates risk but also builds global investor confidence, solidifying the UAE as a hub for fintech innovation.
As AE Coin bridges traditional and digital finance, it sets a precedent for other nations, illustrating how thoughtful regulation and cutting-edge technology can redefine the global financial landscape. The UAE isn't just adapting to the future of finance—it's shaping it.
#AE #AEcoin #UAE #Stablecoins #stablecoin
The UAE has cemented its place as a global leader in digital finance with the launch of AE Coin, its first Dirham-backed stablecoin. This groundbreaking currency blends traditional financial stability with blockchain innovation, maintaining a 1:1 peg to the UAE Dirham. AE Coin offers fast, cost-effective, and secure transactions, addressing inefficiencies in conventional systems and expanding access to digital finance.
With stablecoins now accounting for over half of global cryptocurrency transactions, AE Coin positions the UAE at the forefront of this $9.8 billion market. Beyond payments, it promises to transform sectors like online commerce and decentralized finance, creating opportunities for both individual and institutional investors.
Unlike many nations, the UAE pairs innovation with clear regulation, fostering a transparent and secure digital ecosystem. This forward-thinking strategy not only mitigates risk but also builds global investor confidence, solidifying the UAE as a hub for fintech innovation.
As AE Coin bridges traditional and digital finance, it sets a precedent for other nations, illustrating how thoughtful regulation and cutting-edge technology can redefine the global financial landscape. The UAE isn't just adapting to the future of finance—it's shaping it.
#AE #AEcoin #UAE #Stablecoins #stablecoin
Abu Dhabi Starts $2B Initiative to Back #Web3 Startups.
The Hub71+ #Digital Assets ecosystem will also support #blockchain focused
businesses.
The programme will also assist companies relocating to #UAE (Abu Dhabi) and promote #startups growth in the Middle East and globally.
The Hub71+ #Digital Assets ecosystem will also support #blockchain focused
businesses.
The programme will also assist companies relocating to #UAE (Abu Dhabi) and promote #startups growth in the Middle East and globally.
Crypto to play 'major role' in UAE trade: foreign trade Minister
UAE’s minister Thani Al-Zeyoudi noted that as the country has attracted a lot of talent from the crypto sector, the UAE now needs to roll out the correct regulation to support further growth.
#crypto2023 #UAE
UAE’s minister Thani Al-Zeyoudi noted that as the country has attracted a lot of talent from the crypto sector, the UAE now needs to roll out the correct regulation to support further growth.
#crypto2023 #UAE
This project is noteworthy because investors from the #UAE back it and has received $400 million in investments.
Very soon, I think the project will be listed on Binance, the team is actively working in this direction, as the listing on this exchange is the greatest indicator of the project's credibility and reliability
This is not a call to buy, but rather a call to think. Therefore, please read the information carefully before investing.
#binancesquare #dyor
🎯📍⬇⬇⬇📍🎯
$BAKE $LEVER $RAY
Very soon, I think the project will be listed on Binance, the team is actively working in this direction, as the listing on this exchange is the greatest indicator of the project's credibility and reliability
This is not a call to buy, but rather a call to think. Therefore, please read the information carefully before investing.
#binancesquare #dyor
🎯📍⬇⬇⬇📍🎯
$BAKE $LEVER $RAY
🇦🇪The UAE is preparing to launch its own regulated crypto exchange.
National Bank of Ras Al Khaimah (RAKBANK) has teamed up with Bitpanda Technology Solutions to implement this project.
The bank expects that the new exchange will allow clients to more efficiently and securely use digital assets in managing their finances.
#UAE #MarketDownturn #Write2Earn! #BTC☀ #BinanceTurns7
$BTC
$ETH
$BNB
National Bank of Ras Al Khaimah (RAKBANK) has teamed up with Bitpanda Technology Solutions to implement this project.
The bank expects that the new exchange will allow clients to more efficiently and securely use digital assets in managing their finances.
#UAE #MarketDownturn #Write2Earn! #BTC☀ #BinanceTurns7
$BTC
$ETH
$BNB
Dubai is setting a new precedent!
The Dubai court has officially recognized cryptocurrency as a legitimate form of salary payment under employment contracts. This marks a major milestone in the UAE's path toward a fully digital economy. The future of finance is unfolding, and Dubai is at the forefront.
#Crypto #Web3 #Blockchain #UAE #DigitalEconomy
The Dubai court has officially recognized cryptocurrency as a legitimate form of salary payment under employment contracts. This marks a major milestone in the UAE's path toward a fully digital economy. The future of finance is unfolding, and Dubai is at the forefront.
#Crypto #Web3 #Blockchain #UAE #DigitalEconomy
Tether is about to make new things up in the Middle East with a new stablecoin✅
Here's what you need to know:
Tether, the giant in stablecoins, is expanding its offerings with a token pegged to the UAE dirham. Let's dive into the details:
🔸 The New Stablecoin:
- Pegged to UAE Dirham: Tether's latest venture is a stablecoin tied to the UAE's currency.
- Collaboration: This project is in partnership with Phoenix Group and Green Acorn Investments.
🔸Regulatory Compliance:
- UAE Central Bank's Regulation: The token aims to be the first to seek licensing under the UAE's new Payment Token Services Regulation.
🔸Benefits for Users:
- Cost-Effective: Offers a cheaper way to access the dirham.
- Hedge Against Fluctuations: Provides stability against currency volatility.
🔸Tether's CEO Paolo Ardoino Shares:
- Expansion: "We're excited to expand our stablecoin offerings with this new dirham-pegged token."
- Economic Hub: "The UAE is a growing economic powerhouse, and this token will be key for transactions there."
🔸Tether's Growing Family:
- Joining the Ranks: Alongside USDT and EURT, this new token adds to Tether's diverse range of fiat-pegged stablecoins.
This move by Tether not only strengthens its position in the global market but also opens new avenues for businesses and individuals in the UAE for secure, efficient transactions.
#TetherNews
#UAE
#digitalcurrency
#StablecoinInnovation #financialinclusion
Tether, the giant in stablecoins, is expanding its offerings with a token pegged to the UAE dirham. Let's dive into the details:
🔸 The New Stablecoin:
- Pegged to UAE Dirham: Tether's latest venture is a stablecoin tied to the UAE's currency.
- Collaboration: This project is in partnership with Phoenix Group and Green Acorn Investments.
🔸Regulatory Compliance:
- UAE Central Bank's Regulation: The token aims to be the first to seek licensing under the UAE's new Payment Token Services Regulation.
🔸Benefits for Users:
- Cost-Effective: Offers a cheaper way to access the dirham.
- Hedge Against Fluctuations: Provides stability against currency volatility.
🔸Tether's CEO Paolo Ardoino Shares:
- Expansion: "We're excited to expand our stablecoin offerings with this new dirham-pegged token."
- Economic Hub: "The UAE is a growing economic powerhouse, and this token will be key for transactions there."
🔸Tether's Growing Family:
- Joining the Ranks: Alongside USDT and EURT, this new token adds to Tether's diverse range of fiat-pegged stablecoins.
This move by Tether not only strengthens its position in the global market but also opens new avenues for businesses and individuals in the UAE for secure, efficient transactions.
#TetherNews
#UAE
#digitalcurrency
#StablecoinInnovation #financialinclusion
Tether, together with its partners, plans to launch a stablecoin pegged to the United Arab Emirates dirham.
#UAE #Tether #stablecoin #Stablecoins #DIRHAM
#UAE #Tether #stablecoin #Stablecoins #DIRHAM
🚨 Attention Crypto Enthusiasts in the UAE! 🚨
The Abu Dhabi Agriculture and Food Safety Authority (Adafsa) has just dropped a major update! 🗞️👩🌾👨🌾
If you’re mining digital coins on your farm, you might want to pause and read this: 🛑💻⛏️
Hefty fines alert! Mining crypto on agricultural land could cost you a solid Dh10,000! 💰📉 That’s a big dent in the wallet, right?
So, what’s the move? Stay sharp, stay compliant! 🧠✅ Make sure you’re up to speed with the UAE’s crypto regulations to avoid any costly surprises. 📚🔍
Keep your mining legit and your pockets full! 🛠️💼
#StayUpdated #CryptoRegulations #UAE #BreakingCryptoNews #CryptoMining
The Abu Dhabi Agriculture and Food Safety Authority (Adafsa) has just dropped a major update! 🗞️👩🌾👨🌾
If you’re mining digital coins on your farm, you might want to pause and read this: 🛑💻⛏️
Hefty fines alert! Mining crypto on agricultural land could cost you a solid Dh10,000! 💰📉 That’s a big dent in the wallet, right?
So, what’s the move? Stay sharp, stay compliant! 🧠✅ Make sure you’re up to speed with the UAE’s crypto regulations to avoid any costly surprises. 📚🔍
Keep your mining legit and your pockets full! 🛠️💼
#StayUpdated #CryptoRegulations #UAE #BreakingCryptoNews #CryptoMining
🚨 Country-wise Crypto & Ownership 🤔
👀 Know Country-Wise data of Crypto ownership 🌐
🇦🇪 UAE: 25%
🇸🇬 Singapore: 24%
🇹🇷 Turkey: 19%
🇦🇷 Argentina: 18%
🇹🇭 Thailand: 17%
🇧🇷 Brazil: 17%
🇻🇳 Vietnam: 17%
🇺🇸 USA: 15%
🇸🇦 KSA: 15%
🇲🇾 Malaysia: 14%
#CryptoOwnership #UAE #Singapore #CryptoDawar #Bitcoin_Coneference_2024
👀 Know Country-Wise data of Crypto ownership 🌐
🇦🇪 UAE: 25%
🇸🇬 Singapore: 24%
🇹🇷 Turkey: 19%
🇦🇷 Argentina: 18%
🇹🇭 Thailand: 17%
🇧🇷 Brazil: 17%
🇻🇳 Vietnam: 17%
🇺🇸 USA: 15%
🇸🇦 KSA: 15%
🇲🇾 Malaysia: 14%
#CryptoOwnership #UAE #Singapore #CryptoDawar #Bitcoin_Coneference_2024
#UAE 🇦🇪 Completes First Cross-Border Digital Dirham CDBC Payment Worth $13.6M to China
👍This historic transaction of AED50 million ($13.6 million) was sent by Sheikh Mansour bin Zayed Al Nahyan, chairman of the board of the Central Bank of the UAE, to China.
💎The cross-border payment was facilitated through the "mBridge" platform, a collaborative effort of the BIS Innovation Hub, four founding central banks including the Hong Kong Monetary Authority, Central Bank of the United Arab Emirates, Digital Currency Institute of the People's Bank of China and Bank of Thailand, and over 25 observing members.
The program aims to transform wholesale cross-border payments using a multiple-central bank digital currency (multi-CBDC) common platform underpinned by distributed ledger technology (DLT).
🆙The project seeks to address inefficiencies such as high costs, low speed and transparency, and operational complexities, while safeguarding currency sovereignty and monetary and financial stability for each participating jurisdiction.
This comes as the First Abu Dhabi Bank successfully completed a pilot with JPMorgan’s Onyx blockchain for cross-border payments. China has also made large strides in the development of its e-CNY CDBC, such as completing the first cross-border oil transaction, and first cross-border settlement for precious metals. However, in the United States, presidential candidates like Donald Trump, Ron DeSantis and Robert F. Kennedy Jr. have all strongly opposed CBDCs, even vowing to ban them if elected. Ron DeSantis dropped out of the presidential race earlier in January.
Disclaimer:This articles as per CMC news and published by Mr Mansoor on his Twitter handle just for information not any financial advise
#Write2Earn
👍This historic transaction of AED50 million ($13.6 million) was sent by Sheikh Mansour bin Zayed Al Nahyan, chairman of the board of the Central Bank of the UAE, to China.
💎The cross-border payment was facilitated through the "mBridge" platform, a collaborative effort of the BIS Innovation Hub, four founding central banks including the Hong Kong Monetary Authority, Central Bank of the United Arab Emirates, Digital Currency Institute of the People's Bank of China and Bank of Thailand, and over 25 observing members.
The program aims to transform wholesale cross-border payments using a multiple-central bank digital currency (multi-CBDC) common platform underpinned by distributed ledger technology (DLT).
🆙The project seeks to address inefficiencies such as high costs, low speed and transparency, and operational complexities, while safeguarding currency sovereignty and monetary and financial stability for each participating jurisdiction.
This comes as the First Abu Dhabi Bank successfully completed a pilot with JPMorgan’s Onyx blockchain for cross-border payments. China has also made large strides in the development of its e-CNY CDBC, such as completing the first cross-border oil transaction, and first cross-border settlement for precious metals. However, in the United States, presidential candidates like Donald Trump, Ron DeSantis and Robert F. Kennedy Jr. have all strongly opposed CBDCs, even vowing to ban them if elected. Ron DeSantis dropped out of the presidential race earlier in January.
Disclaimer:This articles as per CMC news and published by Mr Mansoor on his Twitter handle just for information not any financial advise
#Write2Earn
📣🔴 Urgent News Alert for all Crypto Miners in the UAE! 🧐💻⛏️
The Abu Dhabi Agriculture and Food Safety Authority (Adafsa) has issued an advisory this week! Crypto miners, be warned! 💼📜⚠️
Mining cryptocurrency on farms may hit your pocket hard, with a whopping fine of Dh10,000! 🚫💸💰
Stay informed, stay safe! Ensure you're following the rules and regulations surrounding cryptocurrency practices in the UAE. 🇦🇪📝🔐 #CryptoNews #CryptoMining #UAE #BreakingCryptoNews
The Abu Dhabi Agriculture and Food Safety Authority (Adafsa) has issued an advisory this week! Crypto miners, be warned! 💼📜⚠️
Mining cryptocurrency on farms may hit your pocket hard, with a whopping fine of Dh10,000! 🚫💸💰
Stay informed, stay safe! Ensure you're following the rules and regulations surrounding cryptocurrency practices in the UAE. 🇦🇪📝🔐 #CryptoNews #CryptoMining #UAE #BreakingCryptoNews
Exciting news for the #XRP-LEDGER and $RNT! 🚀🏡💼
The first rentable asset is coming to the #XRP-LEDGER! 🚀📈
$RNT is shaking the multi trillion dollar RENT market 💥 RencomNetwork
#xrp #xrparmy #IluPredictor #RippleXRP #UAE $XRP
The first rentable asset is coming to the #XRP-LEDGER! 🚀📈
$RNT is shaking the multi trillion dollar RENT market 💥 RencomNetwork
#xrp #xrparmy #IluPredictor #RippleXRP #UAE $XRP