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USDC and EURC Gain First-Ever Approval Under Dubai’s Crypto Rules Circle's USDC and EURC have been officially recognized by the Dubai Financial Services Authority (DFSA) as the first stablecoins under Dubai's new crypto token framework. Dubai's dedication to regulated digital assets within the Dubai International Financial Centre (DIFC) is reaffirmed by this historic approval. An important milestone in the United Arab Emirates' (UAE) approach to digital asset oversight was reached on February 24 when Circle... crypto news

Financial group OneGram Group from Dubai has issued a cryptocurrency on the virtual exchange, which corresponds to the norms of Sharia. Additional issues are expected in the coming months, the Reuters news agency reported. The management of the company asserts that each unit of a cryptocurrency (token) will be guaranteed by physical gold in order to avoid speculation and fluctuations in the market. Virtual coins will be used on a platform called Huulk. Future listings will be provided at regional exchanges in Asia and the Middle East. ... Read more about " Cryptocurrency backed with gold was released to exchange in Dubai " on coinatory.com

The Dubai Airport Free Zone Authority (DAFZA) announced on Saturday the development of Dubai Blink, the world"s first commercial blockchain platform for free trade zones (FTZs). Dubai Blink allows companies to obtain DAFZA resident status, to interact with other businesses within it and to conduct trade without the need for physical presence in this zone or even in the UAE. The project combines blockchain, artificial intelligence, IoT and a digital licensing system. The main function of the platform is to stimulate trade within the DAFZA. ... Read more about " UAE works on a B2B-based platform for free trade zones " on coinatory.com