How the Dirham-Pegged Stablecoin Will Revolutionize Business Transactions
As the UAE continues its ambitious drive to establish itself as a global financial and technological hub, the impending launch of the dirham-pegged stablecoin by Abu Dhabi Securities Exchange-listed Phoenix Group and digital asset firm Tether represents a pivotal moment in the region’s economic evolution. Scheduled for release by January 2025, this stablecoin—anchored to the […]
Accounting Under DIFC’s Digital Assets Law No. 2 of 2024
The DIFC Digital Assets Law No. 2 of 2024 covers the regulation and recognition of digital assets within the Dubai International Financial Centre (DIFC). This legislation establishes a comprehensive legal framework for the ownership, transfer, and management of digital assets, encompassing digital representations of value that are tradable, transferable, or usable for payment or investment […]
