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UAE Emerges as Digital Asset Leader with Crypto Regulations

12/12/2025

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Summary

Story summary

The United Arab Emirates is positioning itself as a leader in the digital asset sector, driven by regulatory clarity and institutional cryptocurrency adoption.
At Abu Dhabi Finance Week, Binance co-CEO Richard Teng said Abu Dhabi was the first to regulate cryptocurrencies in 2018.
Teng noted Binance obtained its first global license in Abu Dhabi and Zand Bank won approval for the first dirham-backed stablecoin.

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Story summary

The United Arab Emirates is positioning itself as a leader in the digital asset sector, driven by regulatory clarity and institutional cryptocurrency adoption.
At Abu Dhabi Finance Week, Binance co-CEO Richard Teng said Abu Dhabi was the first to regulate cryptocurrencies in 2018.
Teng noted Binance obtained its first global license in Abu Dhabi and Zand Bank won approval for the first dirham-backed stablecoin.