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Retail FX

UAE's FX and CFDs Trader Population Reaches Record 49,000 in 2023

  • Local retail leverage trading market outpaces Spain, Singapore, and France.
  • New traders are drawn to the industry due to the ability to trade in smaller amounts.
Thursday, 06/07/2023 | 06:53 GMT by Damian Chmiel
CryptoCurrency

Bybit Secures Authorization in Dubai amid Regulatory Reshuffle

  • This week, the exchange was licensed by CySEC and VARA.
  • However, the UAE's license is 'very restricted'.
Wednesday, 28/06/2023 | 09:58 GMT by Damian Chmiel
CryptoCurrency

Binance Mulls Over Middle East Focus amid Regulatory Pressure in the West

  • According to Binance Dubai, the region offers a clear framework for crypto firms.
  • In the meantime, the company is downsizing its European operations.
Monday, 26/06/2023 | 10:58 GMT by Damian Chmiel
Retail FX

ATFX Solidifies Middle East Presence with New UAE License

  • The license was granted to a local subsidiary of ATFX.
  • The broker has plans for further expansion in the coming months.
Thursday, 22/06/2023 | 10:19 GMT by Arnab Shome
CryptoCurrency

OKX Receives License for Operations in Dubai, Plans Expansion

  • OKX acquires MVP Preparatory license from Dubai's VARA.
  • The company intends to enhance its regional presence by increasing its Dubai staff to 30.
Thursday, 15/06/2023 | 11:19 GMT by Damian Chmiel
CryptoCurrency

Crypto.com Gains Singapore License; Gemini Eyes the UAE

  • Crypto.com obtained the license after an in-principal approval in June 2022.
  • Gemini did not specify when it will launch its UAE operations.
Thursday, 01/06/2023 | 08:10 GMT by Arnab Shome
CryptoCurrency

UAE Central Bank Issues AML Guidance for Virtual Assets

  • The guidance will apply to all licensed financial institutions.
  • It considers recommendations by the FATF.
Wednesday, 31/05/2023 | 10:33 GMT by Arnab Shome
CryptoCurrency

Cryptocurrency Service Providers Licensing Begins in UAE

  • SCA opens licensing for virtual asset service providers.
  • UAE-based VASPs must comply with SCA rulings and submit license applications.
Wednesday, 19/04/2023 | 10:38 GMT by Damian Chmiel
CryptoCurrency

Bybit Reports 50% Increase in Users, Establishes Global Headquarters in Dubai

  • The new HQ is situated in One Central at the Dubai World Trade Center.
  • Dubai attracts more crypto companies in a bid to become an industry hub.
Tuesday, 18/04/2023 | 07:59 GMT by Damian Chmiel
Institutional FX

CMC Markets Expands Dubai Operations, Eyes Growth in Middle East

  • CMC Markets plans to introduce cash equities product suite to its institutional clients.
  • The company first established its presence in Dubai in 2019.
Monday, 03/04/2023 | 16:03 GMT by Solomon Oladipupo
CryptoCurrency

UAE Inches Closer to Digital Dirham Launch with New CBDC Strategy

  • The central bank aims to complete the first phase of the CBDC strategy by mid-2024.
  • It will include the launch of multiple proofs of concept.
Friday, 24/03/2023 | 08:50 GMT by Arnab Shome
CryptoCurrency

UAE's Emirate to Launch 'Oasis' for Crypto Companies

  • Ras Al Khaimah joins Abu Dhabi and Dubai, announcing its crypto market trading zone.
  • The Oasis will start accepting the first applications in Q2 2023.
Tuesday, 28/02/2023 | 10:12 GMT by Damian Chmiel
CryptoCurrency

UAE’s Central Bank to Issue CBDC under New FIT Programme

  • UAE disclosed its 2023-2026 CBDC roadmap in 2021.
  • The FIT programme boasts of eight other initiatives.
Monday, 13/02/2023 | 13:50 GMT by Solomon Oladipupo
Executives

Century Financial Promotes Mahmoud Elaref to VP Private Wealth

  • Elaref brings about 16 years of financial industry experience to the role.
  • He was previously a Relationship Manager at Hantec Markets.
Monday, 19/12/2022 | 15:45 GMT by Solomon Oladipupo
Thought Leaders

MultiBank Group Announces Two Additional Licenses in UAE and Singapore

  • The new licenses help consolidate MultiBank's position as one of the most trusted brokers.
Wednesday, 19/10/2022 | 14:56 GMT by FM
Regulation

Oracle to Pay $23M to Settle Bribery Charges against Asian Subsidiaries

  • The US SEC fingered Oracle's subsidiaries in Turkey, UAE and India in its investigation.
  • The regulator penalized Oracle $2 million in 2012 for the same offence.
Tuesday, 27/09/2022 | 18:24 GMT by Solomon Oladipupo
Retail FX

eToro Recieves In-Principal Approval from Abu Dhabi

  • A full licence will enable eToro to operate as a securities, derivatives and crypto broker in the UAE capital.
Tuesday, 20/09/2022 | 15:07 GMT by Finance Magnates Staff
CryptoCurrency

UAE’s Free Zone Regulator Outlines Its Five ‘Guiding Principles’

  • The regulator outlined the principles in an undated post on its website.
  • The principles seek local, regional and international relevance.
Tuesday, 13/09/2022 | 17:13 GMT by Solomon Oladipupo
FinTech

UAE’s Free Zone Regulator FSRA Fines Wise $360k for Gaps in AML System

  • No actual instance of money laundering was found.
  • FSRA said Wise has taken 'substantial steps' to cover identified gaps.
Tuesday, 30/08/2022 | 14:37 GMT by Solomon Oladipupo
Executive Moves

Asif Razzaq Joins Dubai’s MidChains as Head of Trading

  • Razzaq is a former forex executive at Noor Bank.
  • The executive's career spans over almost two decades.
Wednesday, 10/08/2022 | 13:47 GMT by Solomon Oladipupo
Op-ed
Op-ed
CryptoCurrency
Op-ed
Op-ed

Why Crypto Miners Flock to Dubai Despite the Hot Weather

  • Dubai has quickly established itself as a digital hub
  • Conditions can be challenging with daily temperatures rising to 42°C in the summer.
Wednesday, 10/08/2022 | 10:40 GMT by Ilman Shazhaev
FinTech

UAE: DFSA Switches ITL Application from Cohort to Open Window Format

  • DFSA started accepting applications on Friday.
  • Since its launch in 2017, ITL has accepted 67 companies.
Friday, 15/07/2022 | 17:31 GMT by Solomon Oladipupo
News

Rapyd Enhances International Presence, Opens Dubai Office

  • The fintech company called the recent development a ‘major milestone’.
  • Rapyd has been registered at Dubai International Financial Center.
Thursday, 09/06/2022 | 11:59 GMT by Bilal Jafar
Retail FX

United Arab Emirates: Why are Retail Brokers Flocking to the UAE?

  • The local market is attracting brokers from around the world.
  • An in-depth look at the UAE Forex and CFD scene
Tuesday, 10/05/2022 | 13:52 GMT by Damian Chmiel
News

ADCB Becomes a Part of UAE Trade Connect Fintech Consortium

  • UAE Trade Connect recently announced ADCB's joining.
  • The adoption of fintech and blockchain has increased in UAE.
Saturday, 23/04/2022 | 10:16 GMT by Bilal Jafar
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