Introduction
As the adoption of cryptocurrencies grows in Saudi Arabia and worldwide, so do the risks associated with cyber threats and hacking attempts. Whether you are a seasoned trader or a beginner in the crypto space, protecting your assets from hackers is crucial. Binance, one of the world’s leading cryptocurrency exchanges, provides numerous security features to help users safeguard their funds.
In this article, we will discuss six essential steps to secure your Binance account and keep your crypto investments safe. These security measures include enabling Two-Factor Authentication (2FA), verifying your identity, storing assets in secure wallets, and adopting best practices to prevent unauthorized access.
1. Enable Two-Factor Authentication (2FA)
Two-Factor Authentication (2FA) is one of the most effective ways to secure your Binance account. It adds an extra layer of protection by requiring a second verification step whenever you log in, withdraw funds, or make security-related changes.
How to Set Up 2FA on Binance?
1.       Go to your Binance account settings (https://www.binance.com/en/my/security).
2.       Choose a 2FA method – Binance supports both Google Authenticator and SMS Authentication.
3.       Follow the setup process and securely store your backup codes.
Security Tip:
·         Avoid using SMS-based 2FA whenever possible, as SIM-swapping attacks can compromise your account.
·         Use Google Authenticator or Binance Authenticator for a safer 2FA method.
2. Verify Your Account with KYC (Know Your Customer)
Verifying your identity through KYC (Know Your Customer) on Binance significantly enhances your account security. Unverified accounts are more vulnerable to cyber threats, phishing scams, and unauthorized access.
Benefits of KYC Verification:
·         Protects your account from fraud and impersonation.
·         Allows you to recover your account in case of hacking attempts.
·         Enables higher withdrawal limits and access to additional security features.
How to Verify Your Identity on Binance?
1.       Log in to your Binance account (https://www.binance.com/en/login).
2.       Go to "User Center" → "Identification" (https://www.binance.com/en/my/settings/profile).
3.       Submit your personal information (passport, national ID, or residence permit).
4.       Complete facial recognition verification.
Security Tip:
Always enable anti-phishing codes in your Binance settings to protect yourself from phishing scams that attempt to steal your login credentials (https://www.binance.com/en/my/security).
3. Store Your Crypto in a Secure Wallet
While Binance provides excellent security measures, it is always recommended to store long-term investments in non-custodial wallets instead of keeping all your funds on the exchange.
Types of Crypto Wallets:
·         Hot Wallets (Online) – Mobile wallets, browser extensions, and desktop apps like Trust Wallet (https://trustwallet.com) and MetaMask (https://metamask.io).
·         Cold Wallets (Offline) – Hardware wallets like Ledger (https://www.ledger.com) and Trezor (https://trezor.io) that provide the highest level of security.
Why Use a Cold Wallet?
·         Immune to online hacking attempts since it remains offline.
·         Prevents unauthorized access even if your exchange account is compromised.
·         Best for storing large amounts of crypto for long-term holding.
Security Tip:
Never share your wallet’s private keys or seed phrase with anyone. Store them offline in a secure location such as a password-protected USB drive or a written backup in a safe.
4. Be Aware of Phishing Scams
Phishing scams are one of the most common ways hackers steal login credentials and crypto assets. These scams typically involve fake websites, fraudulent emails, or malicious links that trick users into entering their Binance credentials.
How to Avoid Phishing Attacks?
·         Never click on suspicious links or attachments from unknown emails.
·         Always verify Binance’s official website URL before logging in: https://www.binance.com.
·         Use Binance’s Anti-Phishing Code to distinguish real emails from fake ones (https://www.binance.com/en/my/security).
Security Tip:
·         Bookmark the official Binance website to prevent visiting scam sites.
·         Double-check sender addresses before clicking on any Binance-related email links.
5. Use Strong and Unique Passwords
A weak password is one of the biggest security risks for any Binance account. Always use a strong, unique password that cannot be easily guessed.
Best Practices for Creating a Secure Password:
·         Use at least 12-16 characters with a mix of uppercase, lowercase, numbers, and special symbols.
·         Avoid using personal information (birthdays, names, or simple patterns like "123456").
·         Use a password manager to generate and store complex passwords securely (https://1password.com) or (https://www.lastpass.com).
Security Tip:
Change your Binance password regularly and enable withdrawal whitelist protection, which restricts withdrawals only to trusted addresses (https://www.binance.com/en/my/security).
6. Monitor Your Account Activity Regularly
Keeping track of your Binance account’s activity is crucial to detecting unauthorized access early.
How to Monitor Your Binance Account?
·         Check login history for any suspicious login attempts (https://www.binance.com/en/my/security).
·         Enable security notifications to receive alerts for unusual activity.
·         Review connected devices and remove any unknown logins (https://www.binance.com/en/my/security).
Security Tip:
If you notice any unauthorized activity, immediately change your password and contact Binance support for further assistance (https://www.binance.com/en/support).
Conclusion
Securing your Binance account and protecting your crypto assets should be a top priority for all investors in Saudi Arabia. By implementing strong security measures such as enabling 2FA, verifying your identity, using secure wallets, avoiding phishing scams, setting strong passwords, and monitoring your account activity, you can significantly reduce the risk of hacking and theft.
In the fast-evolving world of cryptocurrencies, staying proactive with security is the key to keeping your investments safe. Take these precautions today and trade with confidence on Binance!
==========================
As always, it is important to conduct your own research and consider your risk tolerance before making any investment decisions. Stay informed by checking the latest prices and market trends on Binance and consider taking advantage of the current market conditions to strengthen your crypto portfolio.
Written by: Dr. Moh’d al Hemairy @AlhemairyM
#bitcoin #UAE #KSA #SaudiArabia

Introduction
With the rapid growth of the cryptocurrency market in the UAE, ensuring the security of your digital assets has never been more critical. While Binance offers advanced security features to protect users, cybercriminals continuously develop new ways to breach accounts and steal funds. Whether you are a beginner or an experienced trader, taking proactive measures to secure your Binance account is essential.
In this article, we will explore six essential security tips to keep your cryptocurrency safe on Binance. These include enabling Two-Factor Authentication (2FA), verifying your identity, using secure wallets, avoiding phishing scams, setting strong passwords, and monitoring account activity. Implementing these best practices will help protect your crypto assets from hackers and unauthorized access.
1.      Enable Two-Factor Authentication (2FA) for Extra Security
One of the most effective ways to secure your Binance account is by enabling Two-Factor Authentication (2FA). This feature adds an extra layer of protection by requiring a second verification step when logging in, withdrawing funds, or making security-related changes.
How to Set Up 2FA on Binance?
1.      Log in to your Binance account (https://www.binance.com/en/login).
2.      Go to “Security Settings” (https://www.binance.com/en/my/security).
3.      Select a 2FA method – Binance supports Google Authenticator and SMS Authentication.
4.      Follow the setup instructions and store backup codes securely.
Security Tip:
·         Use Google Authenticator or Binance Authenticator instead of SMS-based 2FA to avoid SIM-swapping attacks.
·         Store backup codes offline to recover access in case of device loss.
2.      Verify Your Account with KYC (Know Your Customer)
Verifying your identity through KYC (Know Your Customer) significantly enhances account security. Unverified accounts are more vulnerable to fraud, unauthorized access, and hacking attempts.
Benefits of KYC Verification:
·         Prevents identity theft and impersonation.
·         Enables account recovery in case of hacking.
·         Increases withdrawal limits and access to additional security features.
How to Verify Your Binance Account?
1.      Log in to Binance (https://www.binance.com/en/login).
2.      Go to "User Center" → "Identification" (https://www.binance.com/en/my/settings/profile).
3.      Submit valid identification documents (passport, Emirates ID, or residence visa).
4.      Complete facial verification.
Security Tip:
Enable Binance’s anti-phishing code in your security settings to help differentiate official Binance emails from phishing attempts (https://www.binance.com/en/my/security).
3.      Store Your Crypto in a Secure Wallet
Although Binance implements strong security measures, it is always safer to store long-term crypto holdings in a non-custodial wallet rather than keeping all assets on an exchange.
Types of Crypto Wallets:
·         Hot Wallets (Online): Mobile and desktop wallets such as Trust Wallet (https://trustwallet.com) and MetaMask (https://metamask.io).
·         Cold Wallets (Offline): Hardware wallets such as Ledger (https://www.ledger.com) and Trezor (https://trezor.io), which offer the highest level of security.
Why Use a Cold Wallet?
·         Offline storage prevents hacking attempts.
·         Protects funds even if your Binance account is compromised.
·         Ideal for holding large amounts of crypto for long-term investments.
Security Tip:
Never share your wallet’s private key or seed phrase with anyone. Store them offline in a secure location, such as a password-protected USB drive or a written backup in a safe.
4.      Beware of Phishing Scams and Fake Websites
Phishing attacks are among the most common methods hackers use to steal login credentials and crypto funds. These scams often involve fake websites, fraudulent emails, and malicious links designed to trick users into entering their Binance login details.
How to Avoid Phishing Attacks?
·         Never click on suspicious links or attachments from unknown emails.
·         Always verify Binance’s official website URL before logging in: (https://www.binance.com).
·         Use Binance’s anti-phishing code to identify legitimate Binance emails (https://www.binance.com/en/my/security).
Security Tip:
Bookmark the official Binance website to prevent accessing fraudulent platforms. Always double-check the sender’s email address before clicking on Binance-related emails.
5.      Use Strong and Unique Passwords
Weak passwords are a major security risk. Always use a strong and unique password that cannot be easily guessed.
Best Practices for Creating a Secure Password:
·         Use at least 12-16 characters with a mix of uppercase, lowercase, numbers, and special characters.
·         Avoid using personal information such as birthdays or common words.
·         Use a password manager like 1Password (https://1password.com) or LastPass (https://www.lastpass.com) to generate and store strong passwords securely.
Security Tip:
Change your Binance password regularly and enable withdrawal whitelist protection to allow withdrawals only to trusted addresses (https://www.binance.com/en/my/security).
6.      Monitor Account Activity and Enable Alerts
Regularly monitoring your Binance account activity helps detect unauthorized access early and prevent potential security breaches.
How to Monitor Your Binance Account?
·         Check login history and active sessions regularly (https://www.binance.com/en/my/security).
·         Enable email and SMS notifications for security-related actions.
·         Review connected devices and remove any unauthorized logins.
Security Tip:
If you detect any unusual activity, immediately change your password and contact Binance support for further assistance (https://www.binance.com/en/support).
Conclusion
As cryptocurrency adoption grows in the UAE, securing your Binance account and digital assets should be a top priority. By implementing key security measures, such as enabling 2FA, verifying your identity, using secure wallets, avoiding phishing scams, setting strong passwords, and monitoring account activity, you can significantly reduce the risk of hacking and theft.
Being proactive about security is essential in the evolving crypto landscape. Take these steps today to protect your investments and trade with confidence on Binance.

Written by: Dr. Moh’d al Hemairy @AlhemairyM
#UAE #bitcoin #kyc

Introduction
Cryptocurrency investing has often been associated with high volatility, leading many investors to seek safer alternatives within the crypto space. Stablecoins have emerged as a reliable solution, offering the benefits of digital assets without the extreme price fluctuations seen in cryptocurrencies like Bitcoin and Ethereum.
For those looking to generate passive income, Binance provides a range of financial products that allow investors to earn interest on their stable coin holdings. In this article, we will explore what stablecoins are, why they are considered a safer investment option, and how to leverage Binance’s tools to earn steady, low-risk returns on stablecoins like USDT, USDC, and EURI.
What Are Stablecoins and Why Are They a Safer Investment?
1. Understanding Stablecoins
A stable coin is a type of cryptocurrency designed to maintain a stable value by being pegged to a reserve asset, such as:
·         Fiat currencies (e.g., USD, EUR, GBP) – Examples: USDT (Tether), USDC (USD Coin), EURI (Euro Coin)
·         Commodities (e.g., gold, silver) – Example: PAXG (Paxos Gold)
·         Algorithmic mechanisms – Example: DAI (MakerDAO’s stablecoin)
Unlike traditional cryptocurrencies, stablecoins reduce volatility, making them ideal for investors who want to hold digital assets without worrying about drastic price swings.
2. Why Are Stablecoins Considered a Safe Investment?
Stablecoins provide a lower-risk alternative to other crypto assets because:
·         They are pegged to stable assets, meaning their price does not fluctuate significantly.
·         They offer liquidity, making them easy to convert into fiat or other cryptocurrencies.
·         They are widely accepted, allowing users to trade, make payments, and earn interest on them.
·         They minimize market exposure, making them ideal for passive income generation.
By leveraging stablecoins, investors can park their funds in crypto without the fear of sudden price crashes while still earning returns through yield-generating products.
How to Earn Passive Income Using Stablecoins on Binance?
Binance offers multiple ways for investors to grow their wealth using stable coins. Here are some of the best strategies:
1. Binance Earn – Earn Interest on Stablecoins
One of the most popular ways to generate passive income on Binance is through Binance Earn, which offers interest-bearing products for crypto investors.
How It Works:
·         Investors can buy stablecoins such as USDT, USDC, and EURI from the Buy Crypto page (https://www.binance.com/en/price/usdt).
·         By depositing these stable coins into Binance Earn, users can earn compound interest over time.
·         Interest rates vary depending on the product selected.
Types of Binance Earn Products for Stablecoins:

2. Recurring Buy – Dollar Cost Averaging (DCA) Strategy
For long-term investors looking to accumulate stable coins steadily, Binance offers Recurring Buy, which automates the purchasing process using the Dollar Cost Averaging (DCA) strategy.
How It Works:
·         Investors set up an automatic purchase schedule (daily, weekly, or monthly).
·         Binance buys stablecoins at regular intervals, reducing the impact of market fluctuations.
·         Over time, this strategy lowers the overall cost of acquisition and smooths out price volatility.
Example:
If an investor purchases $100 worth of USDT every week, they can build a stable and interest-generating portfolio without making manual trades.
3. Providing Liquidity in Binance’s Liquidity Pools
For investors seeking higher returns, Binance offers liquidity farming, where users provide stable coins to liquidity pools and earn fees from transactions.
How It Works:
·         Users deposit stablecoins like USDT/USDC pairs into a liquidity pool.
·         Every time a trade is executed using these assets, liquidity providers earn a share of the trading fees.
·         Returns depend on trading volume and pool size, but liquidity farming typically offers higher yields than standard savings products.
Risk Level: Moderate – While stablecoins reduce price risk, impermanent loss can still occur in high-volatility pairs.
Best Stablecoins to Use for Passive Income
While many stable coins are available, the most trusted and widely used options include:
1.       Tether (USDT) – The most liquid stablecoin, pegged 1:1 to the US dollar (https://www.binance.com/en/price/usdt).
2.       USD Coin (USDC) – A regulated stablecoin backed by fiat reserves (https://www.binance.com/en/price/usdc).
3.       Euro Coin (EURI) – A euro-backed stablecoin for diversification (https://www.binance.com/en/price/euri).
Investors should always choose regulated and transparent stable coins to minimize counterparty risks.
Conclusion
Earning passive income with stable coins on Binance is a low-risk and profitable strategy for both beginners and experienced investors. By utilizing Binance Earn, Recurring Buy, and Liquidity Pools, users can maximize their returns while keeping their investments stable and secure.
To get started, visit Binance Buy Crypto (https://www.binance.com/en/price/usdt) and explore the various stablecoin-based earning opportunities available today.
Final Tip: Always diversify your investments and monitor market conditions to optimize your earnings while minimizing risks!
====================
As always, it is important to conduct your own research and consider your risk tolerance before making any investment decisions. Stay informed by checking the latest prices and market trends on Binance and consider taking advantage of the current market conditions to strengthen your crypto portfolio.
Written by: Dr. Moh’d al Hemairy @AlhemairyM
#bitcoin #UAE

Significant Growth in Crypto Adoption
According to Foresight News, data from analytics platform AppsFlyer reveals a remarkable surge in cryptocurrency app adoption across the United Arab Emirates (UAE) in 2024.The total downloads of the top 49 crypto apps in the UAE reached 15 million, marking a 41% increase from 6.2 million in 2023.
December 2024: A Record-Breaking Month
December 2024 recorded the highest spike, with 2.8 million downloads in a single month.This end-of-year surge highlights a growing interest in digital assets towards the close of 2024.AppsFlyer suggests that multiple market forces may have contributed to this increase, including geopolitical factors and market developments.
Potential Catalysts Behind the Surge
✔ U.S. Presidential Election Impact
The Cryptonomist speculates that the November 2024 U.S. presidential election may have influenced this growth.The victory of a pro-crypto candidate could have fueled optimism and increased global adoption of digital assets.
✔ Market Trends & Institutional Interest
Shani Rosenfelder, Head of Market Intelligence at AppsFlyer, noted a strong correlation between market dynamics and crypto adoption in the UAE.Positive sentiment in the global crypto market may have played a role in encouraging users to explore crypto applications.
UAE: A Rising Global Crypto Hub
The surge in crypto app downloads reflects the UAE's increasing embrace of digital assets.UAE is positioning itself as a global leader in cryptocurrency adoption, thanks to:Clear regulatory frameworksA favorable business environment for blockchain and crypto startupsGrowing institutional interest in digital finance
Future Outlook & Industry Impact
The continued growth in crypto adoption presents major opportunities for blockchain companies looking to expand in the UAE.This trend could accelerate investment, innovation, and regulatory advancements in the region’s cryptocurrency ecosystem.With strong market fundamentals, UAE is set to cement its status as a leading crypto-friendly nation.

#UAE #cryptouniverseofficial #BinanceAlphaAlert #BinanceAirdropAlert #TradeFiRevolution
$BTC $ETH $XRP

The national investment fund of Abu Dhabi and the State Investment Council of Wisconsin have recently drawn attention by announcing an investment of nearly 1 billion USD in Bitcoin ETFs through BlackRock's IBIT fund. This is a significant move, indicating the growing interest of institutional investors in cryptocurrencies.
Abu Dhabi Purchases 436 Million USD Bitcoin ETF
According to a report from Mubadala Investment Company - the national investment fund of the Abu Dhabi Government #UAE , they spent 436.9 million USD to purchase Bitcoin ETF shares through BlackRock's iShares Bitcoin Trust (IBIT) in the fourth quarter of 2024.

The Abu Dhabi Global Market (ADGM) has been making continuous strategic efforts to position the UAE as the crypto and blockchain capital of the world. The region’s regulatory clarity, streamlined process, and strategic position as a global financial hub have contributed to its success.
BeInCrypto spoke with Dmitry Fedotov, the Head of DLT Foundations at ADGM, to understand how its blockchain-friendly regulations have driven crypto giants to open offices in Abu Dhabi. 

ADGM Poised to Accelerate Blockchain Adoption
Over the past few years, the UAE has emerged as a global leader in blockchain and Web3 adoption, creating a favorable environment for innovation and growth. The ADGM, a financial-free zone on Al Maryah Island in Abu Dhabi, has gained particular recognition for its blockchain-friendly regulatory framework. 

The ADGM was established in 2013 by a Federal Decree. It functions as the city’s financial center and responds to an independent legal and regulatory framework. Its approach to Web3 innovation has attracted major players in the industry.
“ADGM positions itself as a global leader by taking such innovative steps, inspiring other‬ jurisdictions to adopt forward-thinking solutions that redefine governance and engagement in emerging technologies,” Fedotov told BeInCrypto. 

The UAE at large is experiencing a surge in crypto adoption as more businesses and users have adopted digital assets for transactions and investments.
According to Statista, the number of users participating in the country’s crypto market will reach 3.78m users by 2025. Consequently, revenue rates are expected to remain high this year.

UAE’s Crypto Market Revenue is Projected to Reach $254.3m in 2025. Source: Statista.
Meanwhile, the Aptos Foundation, a leading global blockchain entity, announced last month the opening of its new office in the ADGM.

The strategic move aims to drive regional partnerships, accelerate blockchain adoption, and expand the Aptos ecosystem. It also reinforces the UAE’s status as a hub for blockchain and Web3 innovation.
“Partnerships with industry leaders enhance our ecosystem’s credibility, while‬ streamlined licensing processes make ADGM stand out compared to other financial hubs. These measures create a unique balance of growth opportunities and regulatory clarity,” Fedotov said.

Beyond Aptos, Chainlink Labs, TON, and Polygon Labs established their presence in ADGM to accelerate adoption in the Middle East. 
However, for any crypto entity to pursue business endeavors in ADGM, it must first undergo a series of evaluations to determine whether it is eligible for operation.

Regulation of Virtual Asset Activities in ADGM
Over the years, the UAE has established notable regulatory clarity for the crypto industry. Before offering virtual asset services in the region, an entity must first gain an operating license from ADGM’s Financial Services Regulatory Authority (FSRA).

The FSRA defines a virtual asset as “a digital representation of value that can be digitally traded and functions as a medium of exchange, a unit of account, or a store of value, but does not have legal tender status in any jurisdiction.”
Virtual assets do not require a third party to create or interact with them. Because of this, they present a series of unique challenges for regulators worldwide.

In response, the FSRA considers seven key factors in determining whether a virtual asset meets these requirements. The factors include asset maturity, security, traceability and monitoring, exchange connectivity, type of distributed ledger, innovation and efficiency, and practical application.
More specifically, the FSRA evaluates whether there is sufficient client demand for the virtual asset. It also monitors whether controls are in place to manage its volatility and if the asset can withstand or respond to its specific risks and vulnerabilities. 

Applicants also need to demonstrate whether the virtual assets help to solve a fundamental problem. Examples include meeting an unmet market need and determining whether they possess real-world, quantifiable functionality. 
“This pioneering spirit ensures ADGM remains at the forefront of shaping the future of how regulators approach ever-evolving regulatory needs,” Fedotov said.

Tether’s USDT was one of the first companies to receive approval from Abu Dhabi’s FSRA to operate its stablecoin as an Accepted Virtual Asset on the ADGM.  The approval reflects compliance with the region’s regulatory standards, paving the way for USDT’s inclusion in licensed financial services.
However, the Virtual Assets Framework is not the only one the ADGM has implemented to ensure regulatory compliance.

ADGM’s DLT Framework
In 2023, the ADGM established a framework to develop a worldwide standard for blockchain foundations, decentralized autonomous organizations (DAOs), and other Web3 entities.
Known as the Distributed Ledger Technology (DLT) Foundations Framework, this legislation allows the issuance of tokens and enables entities to employ diverse token governance strategies. 

“ADGM offers regulatory clarity in a highly respectable jurisdiction based on the direct application of English Common Law with a supportive environment for innovation,” Fedotov said.
Before receiving approval, DLT Foundations must ensure compliance with all applicable laws, requirements, rules, and regulations set forth by the UAE, the Emirate of Abu Dhabi, and the ADGM. 

To register a DLT Foundation in ADGM, applicants must provide a written charter signed by all of the founders and additionally sign a declaration of compliance. Applicants must also pay a series of initial registration fees and provide a copy of the whitepaper and tokenomics paper. 
DLT Foundations must always have a registered office in the ADGM. They also need to demonstrate that they have substantial resources, experience, and personnel in the UAE. 

“Initiatives like the DLT Foundations framework give blockchain-based organisations the opportunity to issue utility tokens and apply smart contracts for decentralised governance models,” Fedotov added.
Last month, ADGM registered TON as a DLT Foundation under its legal framework. This enabled a smoother operation and governance support for the decentralized organization. 

TON aims to drive the adoption of its blockchain in the Middle East. ADGM’s comprehensive regulatory framework provides a supportive environment for the blockchain to do so via its DLT Foundation.
Balancing Innovation with Consumer Protection

To maintain its DLT Foundation status, the TON blockchain needs to continuously comply with a series of regulations, particularly developed to safeguard consumer security.
“ADGM’s DLT/blockchain framework aligns closely with global standards, focusing on key areas like combating financial crime, ensuring user protection, and promoting market integrity,” Fedotov told BeInCrypto. 

The framework discloses that before granting a registration license, entities must provide evidence that they comply with laws related to anti-money laundering, anti-bribery, sanctions, export controls, consumer and data protection, and cybercrime prevention.
DLT Foundations must also conduct specific security audits on its data protection and security systems at least once per calendar year. Copies of the audits’ results must be sent to the registrar within two weeks of completion. 

Like the DLT Foundations Framework, the Virtual Asset Framework requires the same degree of exhaustiveness to ensure user protection.
According to the legislation, “given the increased use of Virtual Assets as a medium for financial transactions, and their connectivity to the mainstream financial system through Virtual Asset and derivative exchanges and intermediaries, there is the increased potential of contagion risks impacting the stability of the financial sector.”

Consequently, the FSRA outlines in the virtual asset framework that applicants must mitigate risks related to anti-money laundering (AML), consumer protection, technology governance, ‘exchange-type’ activities, and custody.
Applicants also need to comply with FSRA’s AML rulebook and place controls regarding virtual asset wallets, private keys, risk management, and systems recovery.

Collaboration with the Financial Action Task Force
The ADGM and the different jurisdictions that comprise the UAE have also collaborated with the Financial Action Task Force (FATF) in developing its regulatory framework. This intergovernmental organization serves as a global anti-money laundering watchdog.

“‬Through partnerships with leading blockchain security companies, ADGM integrates‬ international best practices.‬ Collaborations with global regulatory bodies, and adoption of recommendations issued‬‭ by the Financial Action Task Force (FATF)‬‭, help establish benchmarks for the industry,” Fedotov said.
In February, the FATF announced that the UAE had been removed from its list of jurisdictions subject to enhanced due diligence or increased monitoring. 

This action recognizes the UAE’s significant progress in addressing the FATF’s concerns regarding anti-money laundering and counter-terrorism financing measures.
“ADGM achieves this balance through a principle-based approach that establishes robust security and governance standards while granting companies the flexibility to‬ innovate,” Fedotov added. 

While ADGM welcomes responsible innovation within the digital asset sector, it is not intended to serve as a haven for entities that do not have a genuine commitment to regulatory compliance.
For instance, in October 2023, ADGM’s FSRA fined licensed money service provider Pyypl $486,000 for inadequate compliance with AML requirements.

Also, beyond an inclusive yet responsible framework, the ADGM has developed other pioneering initiatives that prioritize a forward-thinking approach to innovation. 
Initiatives in Cutting-Edge Fields
Part of ADGM’s appeal to Web3 developers is its proactive approach to innovation.

“ADGM’s initiatives reflect its boldness and willingness to lead by being the first to explore uncharted territories,” Fedotov said.
Over the years, ADGM has launched several pilots that reflect this motivation.
“’Mediation in the Metaverse’ is a prime example, showcasing a groundbreaking approach to resolving disputes in virtual environments‬‭ and highlighting ADGM’s ability to adapt to the rapidly evolving digital landscape,” he added.

In November 2022, the ADGM Arbitration Centre launched the Mediation in the Metaverse initiative. This pilot project leverages Web3 technology to create a virtual environment replicating the physical ADGM Arbitration Centre. 
The immersive experience is accessible via desktop or mobile devices and aims to enhance participant engagement and improve the mediation process.

Since then, ADGM has broadened its endeavors. 
“We are closely researching advancements in areas such‬‭ as‬‭ quantum computing, AI, autonomous transportation,‬‭ robotics, and space‬‭ technology‬‭ to ensure our regulations support innovation‬‭ in these cutting-edge fields,” Fedotov told BeInCrypto.
These efforts have already begun to materialize, attracting greater participation in ADGM’s crypto market and in the UAE at large.

The User Penetration Rate in the UAE is Projected to be 39.13% in 2025. Source: Statista.
According to Statista, the country’s penetration rate will reach 39.13 in 2025. This calculation is based on key market indicators, such as GDP, consumer spending, population, internet penetration, smartphone penetration, credit card penetration, and online banking penetration.
Last month, the Hashgraph Group of the Hedera ecosystem announced that it had secured a fund management license from ADGM.

With its newly attained license, the Swiss-based technology and investment firm announced the launch of a $100 million global venture fund. The funding will go toward promising startups and enterprises leveraging artificial intelligence, blockchain/DLT, robotics, and quantum computing.
This forward-thinking approach is not only limited to the ADGM, however. Other cities in the UAE are also taking a similar road. 

ADGM Mirrors Broader UAE Approach to Web3 Innovation
Overall, the UAE’s crypto and blockchain developments have been nothing short of surprising. The country is always looking to set a new benchmark for other global markets.

Last week, Dubai announced plans to construct a 17-story Crypto Tower by 2027, reflecting the city’s commitment to supporting the growth of the blockchain and Web3 sectors. This initiative will provide 150,000 square feet of leasable space for blockchain and digital asset firms. 
According to local reports, the Crypto Tower itself will integrate blockchain technology, enabling features such as on-chain voting, shared resource management, and smart contract-based operations to automate bureaucratic processes. 

The tower will provide nine floors of office space for crypto companies and allocate three floors to incubators, venture capital firms, and investment groups. There will also be one floor dedicated exclusively to AI initiatives.
“‬This forward-thinking approach ensures ADGM remains a secure, adaptable, and‬‭ innovation-friendly hub,” said Fedotov.
With its supportive policies and a growing community of blockchain pioneers, ADGM’s vision of becoming a global leader in blockchain innovation seems well within reach.

#UAE #UAECrypto #ADGM #CryptoMarket #cryptouniverseofficial

$XRP
As 2025 begins, the cryptocurrency market remains dynamic, with growing opportunities for savvy investors. One standout contender is $XRP Let’s explore why early investment in XRP could be a smart move this year.

1. Global Adoption Gaining Momentum
XRP is increasingly being adopted for cross-border payments. Countries like Japan and the UAE are integrating XRP into financial systems to streamline international remittances, leveraging Ripple’s technology for speed and cost efficiency.
• Japan: By 2025, nearly 80% of Japanese banks are projected to use XRP.
• UAE: Ripple’s partnership with Dubai’s DIFC Innovation Hub highlights growing blockchain innovation in the Middle East.

2. Regulatory Clarity on the Horizon
In 2023, Ripple made significant strides in legal battles related to XRP’s classification as a security. As more jurisdictions recognize XRP as a digital asset, the regulatory landscape will likely favor its mainstream use, boosting investor confidence.

3. Increasing Utility Beyond Payments
Ripple is expanding XRP’s utility beyond remittances. New partnerships and innovations, such as integrating XRP into DeFi and smart contract platforms, could significantly increase demand.

4. Price Predictions for 2025
Many analysts are optimistic about XRP’s future, projecting a price range between $5 and $7 by year-end. Factors driving this growth include broader adoption, regulatory wins, and its robust technology.

Key Considerations for Investors
• Market Volatility: Crypto markets are inherently volatile. Diversify and manage risks carefully.
• Regulatory Risks: Keep an eye on evolving regulations that may impact prices.

Conclusion
$XRP ’s growing adoption, regulatory progress, and expanding use cases make it a compelling choice for early 2025 investment. While no investment is without risk, XRP offers a combination of innovation and utility that positions it for potential long-term success.
#XRP #CryptoInvestment #XRPAdoption #UAE #Japan

The #UAE has taken a significant step in the development of the cryptocurrency industry⁚ AED #stablecoin has received a provisional license from the #centralbank of the UAE (CBUAE) to issue its own AE Coin stablecoin. This marks the beginning of a new era for cryptocurrencies in the country and makes the UAE one of the first states to actively regulate and support the issuance of #Stablecoins .

The CBUAE's decision to issue a provisional license to AED Stablecoin was made at its June 3, 2024 Board of Directors meeting. Under the new regulation, CBUAE will oversee the issuance and use of stablecoins pegged to the UAE dirham (AED).

What does this mean for the UAE?

-- Financial Infrastructure Development⁚ The issuance of the AED Stablecoin license is part of CBUAE's Financial Infrastructure Transformation (FIT) program, which aims to create a more modern and innovative financial system in the UAE.
-- Strengthening the UAE's position as a regional and global hub for cryptocurrencies⁚ The UAE aims to become a leading hub for the cryptocurrency industry, and the issuance of the AED Stablecoin license is an important step in this direction.
-- Creating a safe and regulated environment for cryptocurrencies⁚ CBUAE aims to create a safe and regulated environment for cryptocurrencies to protect investors and prevent fraud.

What does this mean for AECoin?

-- Access to new markets⁚ Obtaining a provisional license gives AECoin access to new markets and allows it to expand its operations in the UAE and beyond.
-- Increased credibility⁚ The license from CBUAE increases the credibility of AECoin, which can attract more investors and users.
-- Opportunity to become a local trading pair for cryptocurrencies⁚ If fully approved, AE Coin could become a local trading pair for cryptocurrencies on exchanges and decentralized platforms in the UAE.

What's next.

AED Stablecoin must now go through a full licensing process, which includes CBUAE compliance verification. Once fully licensed, AE Coin will be able to officially start operating in the UAE.

The development of the cryptocurrency industry in the UAE is well underway. The issuance of the license to AED Stablecoin is a prime example of how the country is striving to become a leader in cryptocurrencies and blockchain. This event could be a catalyst for further growth of the cryptocurrency industry in the UAE and the region as a whole.
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