The UAE Ready to Become the Middle East’s Crypto Oasis

While everyone is discussing crypto regulations in the U.S., Russia, or China, other countries are tip-toeing towards total crypto adoption. For instance, the United Arab Emirates (UAE) is preparing to issue federal licenses of virtual asset service providers (VASPs). The new legislation should come into effect by the end of Q1 2022. Above all, it should transform the country into a crypto oasis in the Middle East. A Surprisingly Friendly Approach to Crypto According to a Bloomberg report, the UAE’s…

Major Pakistan Bank Partners With Ripple To Facilitate Remittances From UAE

The case for crypto in developing countries is getting stronger. This is due to the newest development from the United Arab Emirates. UAE's financial services provider LuLu Exchange has partnered with Pakistan's leading Alfalah bank to facilitate remittances - with Ripple. Specifically, to aim of the partnership is to facilitate remittances from UAE to Pakistan. Cross-border payments are one of Ripple’s primary use cases. Blockchain tech could now benefit the 1.5 million Pakistanis who live in the UAE. Ripple network could…

What are the Crypto Advancements in the United Arab Emirates?

Cryptocurrencies have become a global phenomenon in a matter of a decade. As a result, the world experiences a quickly-growing interest and awareness of digital assets. Primarily, it is among the younger generations who have a deeper knowledge and understanding of technology. Therefore, the UAE has positioned itself as a nation eager to accept the latest technological advancements. We have seen significant changes in the crypto treatment in Dubai and the rest of the UAE. The article will focus on these…