الإمارات
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#الإمارات Vision towards digital currencies $BTC $ETH $XRP
1. Digital Dirham: The Central Bank of the UAE launched the Digital Dirham project as part of its strategies for digital transformation in the financial system. The goal is to promote safe and efficient digital payment methods and link them to the international payment infrastructure, putting the UAE at the forefront of financial innovation globally【18】【19】.
2. Regulatory framework for stablecoins: The Abu Dhabi Financial Services Regulatory Authority issued a framework for stable digital currencies backed by fiat currencies (such as stablecoins), allowing financial institutions to launch these currencies in an organized and secure manner. This system enhances confidence among investors and encourages responsible innovation【20】.
3. Encouraging investment and innovation: The UAE seeks to become a global hub for digital currencies, attracting companies operating in this field through an encouraging and transparent regulatory environment. It also supports projects related to blockchain technology and digital currencies to improve commercial and service operations.
Future plans
Continue to develop an advanced financial infrastructure that supports financial innovation.
Expand the use of digital currencies to facilitate cross-border payments.
Strengthen international partnerships with central banks and financial institutions to implement modern technologies.
1. Digital Dirham: The Central Bank of the UAE launched the Digital Dirham project as part of its strategies for digital transformation in the financial system. The goal is to promote safe and efficient digital payment methods and link them to the international payment infrastructure, putting the UAE at the forefront of financial innovation globally【18】【19】.
2. Regulatory framework for stablecoins: The Abu Dhabi Financial Services Regulatory Authority issued a framework for stable digital currencies backed by fiat currencies (such as stablecoins), allowing financial institutions to launch these currencies in an organized and secure manner. This system enhances confidence among investors and encourages responsible innovation【20】.
3. Encouraging investment and innovation: The UAE seeks to become a global hub for digital currencies, attracting companies operating in this field through an encouraging and transparent regulatory environment. It also supports projects related to blockchain technology and digital currencies to improve commercial and service operations.
Future plans
Continue to develop an advanced financial infrastructure that supports financial innovation.
Expand the use of digital currencies to facilitate cross-border payments.
Strengthen international partnerships with central banks and financial institutions to implement modern technologies.
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Ethereum exchange-traded funds (ETFs) have recorded fresh net outflows, with SoSo Value reporting that the funds saw outflows of around $3.2 million on October 3.
Leading the losses was Grayscale, which saw outflows of $14.69 million, followed by Fidelity, which saw outflows of $587,090.
Despite the outflows, BlackRock’s Ethereum ETF (ETHA) managed to recoup some of its losses, posting net inflows of $12.08 million. The other six ETH funds remained flat on the day.
As for trading volume, Ethereum ETFs’ daily trading volumes fell to $115.66 million on October 3, down from $197.82 million the day before. Since inception, the funds have seen net outflows of $561.05 million.
#مصر #الإيثريوم #السعودية #فلسطين #الإمارات
Leading the losses was Grayscale, which saw outflows of $14.69 million, followed by Fidelity, which saw outflows of $587,090.
Despite the outflows, BlackRock’s Ethereum ETF (ETHA) managed to recoup some of its losses, posting net inflows of $12.08 million. The other six ETH funds remained flat on the day.
As for trading volume, Ethereum ETFs’ daily trading volumes fell to $115.66 million on October 3, down from $197.82 million the day before. Since inception, the funds have seen net outflows of $561.05 million.
#مصر #الإيثريوم #السعودية #فلسطين #الإمارات
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How to Protect Your Cryptocurrencies from Hackers and Stay Safe on Binance in UAE and Saudi Arabia
How to protect your crypto from hackers and stay safe on Binance in UAE and Saudi Arabia!?
Cryptocurrency trading has seen a huge surge in the UAE and Saudi Arabia, with platforms like Binance becoming popular among investors.
However, the increase in cryptocurrency adoption comes with increased security risks.
Cryptocurrency trading has seen a huge surge in the UAE and Saudi Arabia, with platforms like Binance becoming popular among investors.
However, the increase in cryptocurrency adoption comes with increased security risks.