2023-3-6 23:43 |
Dubai-based Bybit is the latest crypto exchange to suspend U.S. dollar wire transfers, claiming partner disruptions.
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The United Arab Emirates has exempted crypto transactions from value-added tax (VAT), according to an amendment in the law made by the Federal Tax Authority.
Dubai Court validates salary payments in cryptocurrency, shifting from prior stance. The employee’s contract in the case in question included both fiat and EcoWatt tokens as payment. The ruling sets a precedent for digital currency adoption in UAE’s financial transactions.
Bybit extended its DMCC partnership, transitioning to an advisory role from August 2024. Bybit and DMCC to co-organize a global hackathon and a flagship conference. Over 20 startups were supported by Bybit in Dubai’s dynamic crypto ecosystem last year.
Dubai Customs has introduced an advanced blockchain platform to improve transparency and efficiency in commercial operations within Dubai and other countries. This new blockchain platform will enhance Dubai’s business environment by improving efficiency in the supply chain while also contributing…
Leading crypto exchange, Binance has announced a new airdrop and web3 quest platform dubbed Megadrop. Announced on April 18, Megadrop is primarily a token launch platform that will host airdrops and Web3 quests by integrating the Binance Simple Earn program…
Dubai is grappling with extreme weather conditions that has disrupted the city’s infrastructure at a time when crypto elites have descended on the city for several industry conferences. Crypto conferences such as Blockchain Life and Token2049 encountered an unexpected twist…
MANTRA launches a new incubator in Dubai World Trade Center to advance Real World Asset tokenization, backed by an $11M funding round. The post MANTRA debuts incubator with $100,000 grant at Dubai World Trade Center appeared first on Crypto Briefing.