Circle has received in-principle approval from the Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market (ADGM) to operate as a money services provider. This follows Circle’s […]
Abu Dhabi Embarks on Stablecoin Project to Drive Secure & Scalable Digital Economy
Abu Dhabi’s initiative aims to establish a secure and scalable digital economy through the launch of a stablecoin backed by the UAE dirham. This project will see IHC, […]
Abu Dhabi Launches Dirham-Backed Stablecoin Project for Enhanced Payments
The United Arab Emirates’ Abu Dhabi International Holding Company (ADQ) and First Abu Dhabi Bank (FAB) have announced plans to launch a dirham-backed stablecoin, fully regulated by the […]
Hayvn Group Hit with $12.45M Fine for AML Violations: Crypto’s Abu Dhabi Scene Reaches New Milestone
In a landmark move that has reshaped the cryptocurrency scene in Abu Dhabi, Hayvn Group and its affiliates have been fined $12.45 million for serious Anti-Money Laundering (AML) […]
Abu Dhabi Fines Crypto Firm $12M for Unlicensed Activities
The Financial Services Regulatory Authority of Abu Dhabi Global Market (ADGM) has levied a hefty penalty of over $12 million on crypto firm Hayvn and its former CEO, […]