Apple is gearing up to expand its retail footprint in India later this year, CEO Tim Cook confirmed during the company’s recent earnings call. The move is aimed at strengthening Apple’s position in one of its fastest-growing markets by offering more physical touchpoints for customers to experience its full product lineup. The Cupertino-based company registered … Read more
RAKBANK, one of the oldest lenders in the United Arab Emirates (UAE), is allowing retail customers access to cryptocurrencies through a partnership with Vienna-based crypto exchange Bitpanda, the companies said on Tuesday. Users can now access Bitcoin (BTC), Ethereum (ETH), Solana (SOL) and Ripple (XRP) via RAKBANK’s mobile banking app, with plan to expand to … Read more
Okto, the self-custodial crypto wallet developed by Indian crypto exchange CoinDCX, has secured a business licence in UAE’s Ras Al Khaimah (RAK) city. This marks a pivotal milestone in Okto’s plans for expansion in international markets, starting with the UAE, the company said on Tuesday. The reason why this licence is important is because RAK … Read more
As the crypto sector undergoes regulatory shifts worldwide, banks are increasingly exploring opportunities to offer services related to virtual digital assets (VDAs). In a recent development, London-based Standard Chartered has launched a digital asset custody service in the UAE. This service will provide secure custody for cryptocurrencies to its UAE-based clients, starting with Bitcoin and … Read more
Earlier this week, the UAE announced changes to its tax policy, exempting certain crypto transactions from Value Added Tax (VAT). This move eliminates the previous 5 percent VAT on crypto transfers and conversions. In an interview with Gadgets360, Binance’s Head of Regional Markets, Vishal Sacheendran, called the decision a significant step towards positioning the UAE … Read more
In a move signalling stricter oversight of the crypto sector, the UAE has recently intensified its regulatory stance. The latest development sees the country launching an investigation into the $WAP token, endorsed by rapper Cardi B, whose popular song shares the same name. According to a notice regarding the Solana-based token, the UAE is probing … Read more
Malaysia could soon join other nations that are working on policies that govern the integration of cryptocurrencies and blockchain-related technologies into their financial systems. Earlier this week, Malaysian Prime Minister Datuk Seri Anwar Ibrahim met with UAE officials and Binance representatives to discuss the formulation of a supportive policy framework for cryptocurrencies. The Malaysian PM … Read more
Two of the world’s largest chipmakers, TSMC and Samsung Electronics, have discussed building potential chip projects in the United Arab Emirates in coming years which could be worth more than $100 billion (roughly Rs. 8,35,311 crore), the Wall Street Journal reported on Sunday. Top executives at TSMC have visited the UAE recently and talked about a plant complex on par with some of the company’s largest and most … Read more
The foundation behind The Open Network (TON) has released a statement clarifying its role in a program that could lead to legal residency in the United Arab Emirates (UAE) following conflicting reports over the weekend. In a Monday blog post, the TON Foundation said it was in the “early stages of development” with a licensed partner … Read more
The foundation behind The Open Network (TON) has released a statement clarifying its role in a program that could lead to legal residency in the United Arab Emirates (UAE) following conflicting reports over the weekend. In a Monday blog post, the TON Foundation said it was in the “early stages of development” with a licensed partner … Read more