UAE's M2 crypto exchange hacked for $13.7M, assures full fund recovery
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M2, a UAE-based crypto exchange, experienced a significant security breach that resulted in the loss of $13.7 million in digital assets. In…
AED Stablecoin Gets Green Light From UAE Central Bank
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AED Stablecoin LLC has received approval from the Central Bank of the United Arab Emirates (UAE) to launch its stablecoin, AE Coin….
BRICS Nations Set for 4.4% Growth in 2024-2025, Outpacing G7 Economies
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Russian Finance Minister Anton Siluanov has emphasized the rising influence of BRICS nations during a recent event, noting their projected economic growth…
UAE Introduces Retroactive VAT Exemptions for Crypto Transactions
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The United Arab Emirates has introduced VAT amendments that impact crypto transactions, redefining tax obligations for companies in the digital asset space….
MENA’s Crypto Market Soars With Türkiye, UAE, Saudi Arabia, and Qatar Leading the Charge
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According to a Chainalysis report, the Middle East & North Africa (MENA) region has emerged as a significant player in the global…
BRICS to Discuss Alternative Payment Platforms at Upcoming Summit
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Russian Foreign Minister Sergey Lavrov announced that a report on alternative payment systems for BRICS nations will be presented at an upcoming…
FBI Warns of Growing $55 Billion Business Email Scam
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The Federal Bureau of Investigation (FBI) has warned of a rising business email compromise (BEC) threat, responsible for $55 billion in global…
BRICS Gains Global Appeal as 34 Countries Show Interest, Putin Reveals
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Russian President Vladimir Putin revealed that 34 countries have shown interest in joining BRICS activities, highlighting the global appeal of the group….
China’s Digital Yuan Nears $1 Trillion in Transactions, PBOC Official Reveals
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China’s digital yuan initiative has advanced considerably, backed by over a decade of research and four years of pilot experimentation, according to…
Standard Chartered Launches Bitcoin and Ethereum Custody in UAE
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Standard Chartered has launched a digital asset custody service in the United Arab Emirates (UAE), licensed by the Dubai Financial Services Authority….