Dubai, the emerging global hotspot for Web3 activities and businesses, has taken another crucial step to make things more lucrative for interested folks. A layer of regulations dedicated to overseeing the Web3 sector, has been laid upon the Dubai International Financial Centre (DIFC). This special economic freezone located in Dubai, was put in place in … Read more
Dubai-based ByBit crypto exchange has announced the integration of the eRupee CBDC with its peer-to-peer (P2P) transaction service. In an official statement, the exchange said it has received multiple requests from Indian merchants urging support for eRupee transactions. Since the eRupee is India’s RBI-issued digital currency, the merchants dealing in INR believe that processing digital … Read more
Cardano Foundation has reportedly teamed up with Dubai-based SEE Institute to create and integrate eco-friendly blockchain solutions into existing systems around supply-chain management, governance, and education among others. In a first-of-a-kind initiative, the partnership also brings to the table a professional diploma in sustainable blockchain solutions. Blockchain forms the underlying technology for cryptocurrencies and the … Read more
Malaysia, which has been actively cracking down on illegal crypto operations, has issued a notice to the Bybit crypto exchange. The Securities Commission Malaysia (SC) has instructed Bybit to suspend its services in the country. According to an official SC statement, the Dubai-based exchange has been operating its digital asset exchange (DAX) unlawfully in Malaysia. … Read more
The Financial Intelligence Unit of India (FIU-IND) has reasons to believe that the ByBit crypto exchange was in violations of the Prevention of Money Laundering Act. In a fresh development, the FIU has levied a penalty of Rs. 9.27 crore on ByBit for continuing to operate in India without bringing its operations in compliance with … Read more