Founder of crypto pyramid scheme Finiko deported from UAE

Belarus has blocked access to major cryptocurrency exchanges including ByBit, Bitget, and OKX, coinciding with Russia's announcement of potential regulatory relaxations in its cryptocurrency sector while cracking down on the gray market. This move reflects Belarus's tightening stance on cryptocurrency amidst regional regulatory shifts.

UAE telecommunications company e& has initiated a pilot program utilizing AE Coin, a dirham-pegged stablecoin, for bill payments, marking a significant step towards integrating stablecoin payments into everyday transactions in the UAE. This move reflects the company's exploration of innovative digital payment solutions.

Galaxy Digital has opened a new office in Abu Dhabi under the Abu Dhabi Global Market (ADGM), marking a significant step in its expansion strategy within the UAE's rapidly evolving digital asset landscape. This move is part of a broader initiative to enhance its presence in the Middle East as local regulators fast-track approvals for cryptocurrency exchanges and stablecoin issuers.

Galaxy, a digital assets company, is expanding its operations to the UAE as part of its strategic push into the Middle East, seeking regulatory approval from local authorities to enhance its service offerings in a rapidly evolving market.

Michael Saylor, founder of Strategy, delivered a keynote at the Bitcoin MENA 2025 conference in Abu Dhabi, asserting that Bitcoin will drive a digital credit revolution in the Middle East. He emphasized Bitcoin's potential to transform financial systems and proposed a Bitcoin-backed banking model for nation-states to enhance yield opportunities.

Galaxy Digital has opened a new office in Abu Dhabi, marking a significant step in its expansion strategy within the UAE, aimed at bolstering its presence in the rapidly evolving digital asset landscape. This move is part of a broader initiative to enhance service offerings and foster innovation in the region.

Tether and Circle have received significant regulatory approvals in Abu Dhabi, with Tether's stablecoin recognized as an Accepted Reference Token (ARFT) and Circle obtaining a Financial Services Provider (FSP) license. These developments mark a pivotal moment for the cryptocurrency sector in the UAE, reflecting the region's commitment to fostering a regulated digital asset environment.

Circle's stock has encountered a technical sell signal as indicated by the TD Sequential indicator, following a recent local bottom identified by analyst Ali Martinez. This development comes amidst a challenging cryptocurrency market environment, where major digital assets are experiencing declines.