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  1. M

    WIO Bank UAE adds virtual asset

    WIO Bank UAE just sent an email that they added support for virtual assets, a surprising step to me personally. The service is available through a local broker named FUZE. I counted 22 supported coins on the WIO app. I checked the buying price of BTC and it was 0.6% higher than Binance. I'm not...
  2. M

    Thoughts on Whitebit crypto exchange

    Any thoughts about the Whitebit crypto exchange? How smooth and safe is the experience? Any experience from UAE residents? Thanks for sharing your thought!
  3. M

    Binance FZE (UAE) launching early December

    Binance FZE was created to serve UAE residents. It's planning to launch in the beginning of December. Binance started asking UAE residents to upload additional personal information (EID,...) preparing for the migration to Binance FZE. Once a user migrates to the new exchange, he/she...
  4. M

    Tether to launch stablecoin pegged to UAE's dirham

    There seems to be progress in different directions for crypto in the UAE. It's unfortunate that local banks still want to stay behind https://www.reuters.com/technology/tether-provide-stablecoin-pegged-uaes-dirham-2024-08-21/
  5. M

    MAG Group introduces tokenized real estate investment in Dubai

    MAG group to tokenize $500 millions worth of real estate with the Mantra DAO crypto project. A new (hopefully easy) way to invest in real estate in Dubai. https://www.coindesk.com/business/2...real-estate-assets-for-uae-builder-mag-group/
  6. M

    Indian Crypto Exchange CoinDCX Acquires BitOasis to Enter Middle East

    https://www.coindesk.com/business/2024/07/03/indian-crypto-exchange-coindcx-acquires-bitoasis/
  7. M

    Can this help crypto retailers in the UAE?

    The article says: “The newly acquired VASP license permits Binance not only to cater to institutional and qualified investors but also to pioneer retail cryptocurrency trading.” Do you think this will help resolve the crypto banking situation for retailers in the UAE...
  8. M

    UAE Cracks Down on Unlicensed Crypto Firms

    https://coinmarketcap.com/alexandria/article/uae-cracks-down-on-unlicensed-crypto-firms Are exchanges such as binance and kraken considered unlicensed in this context because they don't have licenses to operate as exchanges in the UAE? I mean does this impact retail investors depositing and...
  9. M

    UAE - Kraken and RAKBANK to provide crypto trading in local currency

    https://gulfbusiness.com/rakbank-kr...rst-dirham-denominated-virtual-asset-trading/
  10. M

    swissquote for personal crypto cashout

    I'm thinking of cashing out some of my crypto from kraken/binance to a swissquote/UAE personal account (USD or EUR) then transfer out to a personal bank account in Dubai. Is swissquote a good choice in this case? : - There are no account fees for USD according to swissquote's website and...
  11. M

    UAE - EMAAR real estate to accept crypto payments

    https://cryptonews.net/editorial/news/uae-real-estate-company-emaar-accepts-bitcoin-and-ethereum/
  12. M

    Dubai bank account for crypto business

    I'm trying to create a company in Dubai for crypto trading (license for a crypto trading business, something that is now offered by the DMCC). I need to select a bank where the business account will reside. The DMCC explicitly mention in their documentation that "we do not guarantee the...

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