🚀 Good news for cryptocurrency enthusiasts! Swiss cryptocurrency infrastructure platform Taurus will provide services to United Arab Emirates (UAE) bank Zand. This alliance will improve Zand's custody and tokenization options, as well as its blockchain connectivity.

Zand, a digital-native bank based in Dubai, will be able to issue tokenized financial and real-world assets on permissionless and permissionless blockchains thanks to Taurus infrastructure.

The digital bank finds itself in an evolving regulatory landscape. Stricter anti-money laundering measures and a crackdown on unlicensed virtual asset service providers have led to the UAE being removed from the Financial Action Task Force's gray list.

Since returning to the good graces of the international terrorist financing watchdog, the UAE has seen a wave of cryptocurrency companies moving there and receiving licenses this year.

Taurus, backed by investments from Swiss Arab Bank, Deutsche Bank, Credit Suisse and others, has also expanded its geographic reach to Turkey and Canada.

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