Search results for UAE Central Bank
Crypto
Bitcoin.com adds self-custody support for USDU, expands distribution
Bitcoin.com has added USDU, a dollar-linked stablecoin registered with the UAE central bank, to its self-custody wallet. The integration allows Bitcoin.com web and mobile wallet users to send and receive USDU. The token is issued by Abu Dhabi-based Universal Digital, which said USDU is the first registered, and currently the only, foreign-currency payment token under UAE rules. Bitcoin.com plans to add swap and trading features later via third-party providers.
Crypto
Emirates adds crypto payments for air tickets in UAE
Emirates has introduced a feature allowing customers to pay for air tickets with cryptocurrency. Eligible users with a Crypto.com account can select Crypto.com Pay at checkout on emirates.com or the Emirates app to book flights. The option is currently available only to UAE residents whose payments are priced in UAE dirhams. Emirates and Crypto.com had previously announced plans to cooperate, and the integration is operated via Crypto.com’s Dubai-licensed entity.
Crypto
Revolut receives in-principle approval for crypto services from UAE authorities
Revolut has received in-principle approval to provide cryptocurrency-related services in the United Arab Emirates. Cointelegraph reported that Dubai’s Virtual Assets Regulatory Authority approved Revolut in principle to offer broker-dealer, investment management and exchange services. Revolut said the approval builds on earlier authorisation for payment activities from the UAE central bank and provides a basis to expand its local crypto business. It plans to enable UAE users to buy, sell and hold digital assets through its app and the Revolut X exchange.
