HSBC to bring tokenized deposits to US and UAE as stablecoin race heats up

Animoca Brands has secured in-principle approval from the Financial Services Regulatory Authority (FSRA) in Abu Dhabi to establish a fund management business, marking a significant advancement in its regulatory strategy within the UAE's cryptocurrency sector. This approval allows the company to pursue a fund management license, enhancing its operational capabilities in the region.

Animoca Brands has received in-principle approval from the Financial Services Regulatory Authority in Abu Dhabi to establish a fund management business, marking a significant step in enhancing its regulated operations within the UAE's digital asset sector.

The UAE and China have successfully completed a significant transaction using digital dirhams, marking a pivotal moment in the adoption of digital currencies in international trade. This transaction highlights the growing collaboration between the two nations in the cryptocurrency sector, with Sheikh Mansour emphasizing the importance of innovation in financial transactions.

A wave of significant U.S. inflation and jobs reports is expected this week, prompting traders to brace for potential volatility in stocks and cryptocurrencies as Federal Reserve policy expectations come into focus amid declining liquidity.