Fintech News UAE’s Post

Elliptic, a global leader in #blockchain analytics and digital asset risk management, has announced the opening of its new regional headquarters in the United Arab Emirates (UAE 🇦🇪). This strategic move marks a significant milestone in Elliptic’s global expansion efforts and underscores the UAE’s growing prominence in digital asset regulation. Elliptic has also appointed Zahi Yaari as its new Chief Revenue Officer (CRO). Based in the #London office, Yaari will play a key role in scaling the company's revenue growth worldwide, particularly in the private sector. His appointment comes as Elliptic continues to expand its global #leadership team to meet increasing market demands. Read more: https://lnkd.in/dbQaJ3Mw Elliptic, Zahi Yaari, Simone Maini, Deepa Raja Carbon, Jonathan Rivers, Mark Aruliah, Chisom Okonmah, Tom Robinson, Jenny Ayre #FintechNewsEurope #Elliptic #CryptoCompliance #Blockchainanalytics #digitalassets #Web3 #Crypto #CryptoCurrency #Tokenization #DeFi #Fintech #UAE #GlobalExpansion #Tech #Innovation #EuropeFintechNews #MiddleEast #MENA #London

ivorypay, a leading blockchain-based payment and remittance startup in Africa, has announced a strategic partnership with Tether.to, the company behind the world’s most widely used stablecoin, USDT. 🤝 This collaboration is set to revolutionize African crypto! 💼 Ivorypay will now have direct access to USDT, enabling cheaper, more stable, and efficient transactions across the continent. 🌐 The CEO of Ivorypay, Oluwatobi A., expressed great enthusiasm: "This partnership perfectly aligns with our vision of simplifying and securing crypto transactions in Africa. With Tether's support, we're set to revolutionize digital payments, fostering greater trust and adoption across the region." 🌟 Stay tuned for more updates as Ivorypay and Tether continue to innovate and empower businesses and individuals with reliable, affordable digital transaction solutions! 💰 #Ivorypay #Tether #AfricanCrypto #DigitalPayments #Blockchain #Stablecoin #Remittance #Fintech #Innovation #Partnership #FinancialInclusion #Cryptocurrency #Africa #Empowerment #TechNews #DigitalTransformation #Finance

🌍 Huobi Group's Bold Expansion! 📈✈️ Big news in the crypto world! 🚀 Huobi Group, a global leader in cryptocurrency exchanges, is expanding its footprint into Africa, the Middle East, and South Asia. This strategic move taps into a burgeoning market hungry for innovation and cryptocurrency solutions. Here's what's unfolding: - **New Entity**: Huobi MENA will spearhead operations in these dynamic regions. - **Strategic Hubs**: Key offices have been established in Dubai and Nairobi. - **Educational Initiatives**: They're not just about trading; they're fostering local crypto education to empower and equip. - **Local Partnerships**: Collaborations with regional businesses will smooth their entry and integration. Why this matters: These regions represent a colossal market with a young, tech-savvy population that's rapidly embracing digital transformations. 🌐💡 Huobi's expansion could significantly boost crypto adoption and economic dynamism there. 🤔 What implications do you see this having on the global crypto landscape? Could this be a tipping point for cryptocurrency in developing markets? #Cryptocurrency #Blockchain #Innovation #Huobi #GlobalExpansion #DigitalEconomy #Africa #MiddleEast #SouthAsia 🌎 Trade Bitcoin Worldwide 💎 🔗 https://lnkd.in/d2yVa9Af ❤️ Click Here! 👆

Yellow Card App, the largest and first licensed #Stablecoin on/off ramp on the #African continent, today announced the closing of its Series C #financing. The US $33 million equity financing was led by Blockchain Capital, with participation from Polychain Capital, Third Prime Ventures, Castle Island Ventures, Block, Inc., Galaxy Ventures, Blockchain Coinvestors, Hutt Capital, and Winklevoss Capital. This financing marks a significant milestone for the company and the African #FinTech industry as a whole, as it validates the vision and progress for #stablecoins on the continent and practical applications for the technology worldwide. Read more: https://lnkd.in/d4gKDRaC Yellow Card App, Blockchain Capital, Chris Maurice, Justin Poiroux, Aleks Larsen, Gillian Darko, Jason Marshall, Peter Mwangi, Julie Neogy, Akalia Rachael, Robert Ford Nkusi, Tikhala Mbedza, Pumulo Karen Sifuniso #FintechNewsSaudiArabia #YellowCard #YellowCardApp #BlockchainCapital #Funding #Investment #SeriesC #Blockchain #CryptoCurrency #Crypto #Web3 #tokenization #Stablecoin #Fintech #FintechNews #SaudiArabia #SaudiArabiaFintechNews #Africa #SouthAfrica #MENA #MiddleEast

Today Tether, the world’s leading #stablecoin issuer, has announced its plans to launch a new #stablecoin pegged to the UAE Dirham/Aed ! 🚀 This initiative, in collaboration with Phoenix Group PLC and supported by Green Acorn Investments Ltd, will be the first to seek licensing under the Central Bank of The UAE's new Payment Token Services Regulation. The Dirham pegged token will provide users with a secure, efficient, and cost-effective way to transact in Aed, benefiting from #blockchain's transparency. Just yesterday I posted about Ripple's new stablecoin, and how CoinDesk states that #stablecoins are currently a $160 billion market, and could grow to $2.8 trillion by 2028. Exciting to see how the #UAE is playing a part in this market growth! #uaenews #blockchain #fintech #techtrends2024 #payments #crypto #usdt #tether #dubai #abudhabi #web3 #cryptonews #cbdcs #fintechinnovation #gcc #mena #techtrends #womenintech #technology #innovation Fintech Tuesdays

Tether to Launch Dirham-Pegged Stablecoin with UAE Partners 🇦🇪 Tether, the leading provider in the stablecoin market, is set to introduce a Dirham-backed stablecoin (AED₮) in collaboration with UAE-based Phoenix Group PLC and Green Acorn Investments. This move marks a significant step in enhancing international trade and remittance flows by offering a stable and cost-effective digital currency alternative. Backed by liquid UAE-based reserves, the new AED₮ stablecoin will maintain the high standards of transparency and reserve backing that Tether is known for. It aims to streamline cross-border transactions while offering protection against currency fluctuations. 💬 Paolo Ardoino, CEO of Tether, stated, “The UAE is emerging as a significant global economic hub, and we believe our Dirham-pegged token will provide users with a reliable and versatile financial solution.” As cryptocurrency adoption in the UAE surges, this partnership highlights the growing demand for digital financial solutions. Additionally, Tether’s recent expansion to the Aptos blockchain reflects its commitment to providing scalable, low-cost transactions, ensuring accessibility for users across various sectors. This launch signals exciting growth in the UAE’s digital asset landscape, paving the way for further innovations in the region. #Blockchain #Stablecoin #Crypto #UAE #Finance #DigitalCurrency #Tether #PhoenixGroup #Dirham

MultiBank Group, the world’s largest traditional financial derivatives institution, has announced the official launch of its operations in the #UAE through its subsidiary, MEX Digital FZE. The company has secured a Virtual Asset Service Provider (VASP) license from Dubai’s Virtual Assets Regulatory Authority [VARA] and will operate under the MultiBank.io brand. Read more: https://lnkd.in/dpsH4KcY MultiBank Group, MultiBank.io, Georges Mouawad, Antonio Bileci #FintechNewsEurope #MultiBankGroup #MultiBank #MEXDigitaltal #VARALicense #CryptoAssets #Blockchain #Crypto #CryptoCurrency #Web3 #CryptoExchange #DigitalAssets #DeFi #Tokenization #CryptoTrading #UAE #MiddleEast #MENA #EuropeFintechNews #Dubai #GlobalExpansion #CryptoRegulation #FinancialPowerhouse #Trading #Europe

MultiBank Group, the world’s largest traditional financial derivatives institution, has announced the official launch of its operations in the #UAE through its subsidiary, MEX Digital FZE. The company has secured a Virtual Asset Service Provider (VASP) license from Dubai’s Virtual Assets Regulatory Authority [VARA] and will operate under the MultiBank.io brand. Read more: https://lnkd.in/dpsH4KcY MultiBank Group, MultiBank.io #FintechNewsEgypt #MultiBankGroup #MultiBank #MEXDigitaltal #VARALicense #CryptoAssets #Blockchain #Crypto #CryptoCurrency #Web3 #CryptoExchange #DigitalAssets #DeFi #Tokenization #CryptoTrading #UAE #MiddleEast #MENA #EgyptFintechNews #Dubai #GlobalExpansion #CryptoRegulation #FinancialPowerhouse #Trading #Egypt

**Rwanda Moves Towards Cryptocurrency Regulation** Cryptocurrency enthusiasts, keep your eyes on Rwanda! With the rapid growth and integration of digital currencies worldwide, Rwanda is taking strategic steps to regulate the use of cryptocurrencies within its borders. According to John Rwangombwa, Governor of the National Bank of Rwanda (NBR), regulations are expected to be established in the first quarter of 2025, contingent on collaboration with the Capital Market Authority (CMA). This move highlights the global shift towards recognizing the inevitability and potential benefits of cryptocurrencies in modern financial systems. Governor Rwangombwa emphasizes that digital currencies are here to stay, and it’s crucial for the nation to adapt accordingly. These upcoming regulations aim to provide a stable and secure environment for cryptocurrency transactions, fostering innovation while protecting users. As countries around the globe begin or continue their journey into crypto regulation, what steps can be taken to ensure a balance between innovation and security within this evolving landscape? #Rwanda #Cryptocurrency #Regulations #DigitalCurrency #Innovation #Finance

🌐 Chainlink Joins Forces with Coinbase’s Project Diamond for Tokenized Assets 🚀 The world of tokenized assets just got a major boost! Chainlink has officially integrated with Coinbase’s Project Diamond, a cutting-edge digital asset platform for global institutions. This partnership aims to revolutionize asset tokenization with enhanced data reliability and cross-chain interoperability. 💡 Key Highlights: Data-Driven Innovation: Chainlink will enable seamless data transmission and lifecycle management for tokenized assets on Project Diamond, leveraging its Cross-Chain Interoperability Protocol (CCIP) for connectivity between public/private blockchains and financial systems. Institutional Adoption: As part of Coinbase’s tech stack, this integration paves the way for widespread institutional adoption, with Peregrine, a regulated entity under Abu Dhabi Global Market (ADGM), leading the charge. Global Expansion: Chainlink Labs is setting up in Abu Dhabi’s ADGM to expand its footprint in the MENA region, aligning with the area’s growing reputation as a global hub for on-chain finance. 🌍 A $10 Trillion Future: Chainlink predicts the tokenized asset market could hit $10 trillion by 2030, reflecting the massive potential of blockchain-driven finance. 💬 What This Means for You: Could this be the tipping point for tokenized assets and institutional blockchain adoption? Let us know your thoughts on the future of tokenization and cross-chain solutions! #BlockchainInnovation #TokenizedAssets #Chainlink #Coinbase #DigitalFinance #MENA #Interoperability #DeFi #InstitutionalAdoption #CryptoAdoption #Blockchain #EconomicGrowth #FinanceNews n #BitcoinMilestone #Cryptocurrency #FinanceNews #Bitcoin #Cryptocurrency #CryptoInvesting #CryptoNews #DigitalAssets #BlockchainTechnology #CryptoMarket #CryptoCPA #CryptoTaxation #CryptoCompliance