The Latest Crypto News in the MENA Region: Issue 3

UAE central bank signs deal for CBDC strategy

The Central Bank of the United Arab Emirates (CBUAE) has unveiled its CBDC strategy — the digital dirham — for domestic and cross-border payments. Continue reading.

Bahrain central bank amends regulatory framework for digital assets

The Central Bank of Bahrain (CBB) announced amending its crypto assets (CRA) module, expanding its current regulatory framework to cover “digital token offerings,” including the issuance of security tokens. Continue reading.

Swiss digital asset bank Sygnum gets crypto banking license in Abu Dhabi

Sygnum has received financial services permission from Abu Dhabi Global Market’s Financial Services Regulatory Authority (FSRA), allowing the Zurich-based digital asset bank to open its Middle East hub in the ADGM. Continue reading.

Crypto.com receives MVP preparatory license from Dubai’s crypto regulator

Crypto.com has secured a minimal viable product (MVP) preparatory license from Dubai’s Virtual Assets Regulatory Authority (VARA), enabling the exchange to fulfill the pre-conditions required to undertake MVP market operations within the VARA regime. Continue reading.

Emirati non-profit healthcare launches NFT collection for medical research

Al Jalila Foundation launched its first-ever NFT collection — “A Fingerprint on Humanity” — to raise awareness and generate funds for patients with life-threatening diseases in the UAE. Continue reading.

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