
The turmoil in the US has led the crypto industry globally to search for regulatory “square holes” that best identify crypto assets from a regulatory lens
The UAE is set to trigger a major milestone in the global cryptocurrency market, with its evolved policy framework for the sector providing the launch ground for issuing a Dirham-backed stablecoin, a move widely seen as the first attempt globally to make a dent in the $125 billion market, currently dominated by US dollar-backed stablecoins.
The first Dirham-backed stablecoin, DRAM, launched early this week by Distributed Technologies Research Ltd (DTR), a 10-month-old decentralised finance (DeFi) startup founded by former SoftBank top executive Akshay Naheta, plans to leverage the more
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