UAE Authorities Sign Agreement To Support Crypto Trading

UAE Authorities Sign Agreement To Support Crypto Trading

Crypto adoption in the Middle East is higher than it has ever been. And regulatory frameworks to support crypto-related financial services are growing. The United Arab Emirates’ Securities and Commodities Authority has signed an agreement with the Dubai World Trade Centre Authority (DWTCA). This agreement aims to support the regulation and trading of cryptocurrencies in […]


Related News

UAE regulators approve crypto trading in Dubai free zone

Dubai authorities continue driving more adoption to the cryptocurrency industry by pushing more regulatory approvals. Financial regulators in the United Arab Emirates have reached an arrangement to officially allow and support cryptocurrency trading in an economicfree zone in Dubai.The Dubai World Trade Centre Authority (DWTCA) announced Wednesday that it had signed an agreement with the UAE’s Securities and Commodities Authority (SCA) to support the regulation and trading of crypto assets within the DWTCA free zone.The new initiative establishes a framework enabling the DWTCA to issue....

Huobi bans crypto derivatives trading for users in China

Chinese users will no longer be able to trade crypto derivatives on the Huobi exchange amid a broader cryptocurrency crackdown from the government. Crypto exchange platform Huobi has updated its user agreement document, banning crypto derivatives trading for customers in China.According to the updated user agreement section of the Huobi Global website, the ban on crypto derivatives trading covers users in jurisdictions such as China, Taiwan, Israel and Iraq. Other banned countries include the United Kingdom — restricted to retail customers — as well as Bolivia, Bangladesh and Ecuador, to....

BitMEX Reaches Agreement With CFTC, Why It Could Mark A New Era For Crypto

Crypto derivatives platform BitMEX and five associated companies have reached an agreement with the U.S. Commodities Futures Trading Commission (CFTC), per an official press release. The institution revealed that the U.S. District Court for the Southern District of New York approved a “consent order” against these entities. In October 2020, BitMEX and the aforementioned companies […]

Coinbase Reports Phishing Attack: Reimburses Affected Users

Late last night, Bitcoin payment processing company Coinbase released an announcement via its community platform. According to the head of support, the company had discovered a phishing attack earlier that morning, an attack involving an email that requests users to accept a new terms of service agreement and - in the process - sign into their account. Upon signing in, the account would authorize an attempt to remove BTC from the user's wallet. According to Coinbase, only a few individuals have been affected and the company has promised to reimburse them for the coins lost while it....

Forex Exchange Secure Investments Disappeared With Over $1 Billion In Customer Funds

Earlier this year, a internationally used forex exchange platform disappeared with over $1 billion in customer funds, all fiat. Secure Investments, led by vanished CEO Michael Sterling, offered years of supposedly authentic trading data for users to peruse themselves before deciding to enter into the agreement. Secure Investments claimed to be able to make 1% a day, not compounded, on customers' investments through forex trading and offered a guarantee baseline return. In all the years of Secure Investments' scam, the only official warning sign came from Panamanian authorities that noted....