Emirates Airlines – the official airline of the United Arab Emirates (UAE) – has announced in an official statement it is willing to accept cryptocurrencies like bitcoin as methods of payment for…
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Despite Bitcoin (BTC) experiencing sharp declines, interest continues to grow. At this point, the latest news came from the United Arab Emirates (UAE). Abu Dhabi Investment Council (ADIC), a subsidiary of the United Arab Emirates (UAE) sovereign wealth fund Mubadala, significantly increased its Bitcoin-related investments in the third quarter, Bloomberg…
The Sovereign Wealth Fund of Abu Dhabi, the capital of Dubai, announced in its 13F filing that it owns the iShares Bitcoin ETF. The investment coincides with BlackRock receiving a commercial licence to operate in Abu Dhabi last November. Mubadala Investment Company, which manages investments on behalf of the Abu…
For example, the Abu Dhabi Global Market (ADGM) has provided clear guidance for classification and treatment of various digital assets, clearly distinguishing between “virtual assets” like Ethereum and Bitcoin, “digital securities” and other tokens which provide different types of utility. Like the ADGM, VARA has defined digital assets with specificity, though…