The American blockchain company Ripple (XRP) announced the opening of a new regional hub in the United Arab Emirates to strengthen its presence in the Middle East.

As cryptocurrency fraud continues to rise, some of the world’s leading institutions have joined forces. In this context, the United States, the United Arab Emirates, and China jointly carried out an operation to dismantle cryptocurrency fraud activities across nine centers.

Other

On April 28, 2026, the United Arab Emirates officially left OPEC and the broader OPEC+ alliance, and within hours of the announcement Bitcoin fell below $76,000.

Dubai’s Virtual Assets Regulatory Authority (VARA) announced that the cryptocurrency exchange KuCoin and its affiliated entities are operating in the emirate without a license. The regulator demanded that the trading platform immediately cease its virtual asset operations.

The Central Bank of the United Arab Emirates approved the launch of the country’s first dollar-backed stablecoin, USDU, under the Payment Token Services Regulation framework. The token has already been put into circulation and can be used for settlements involving digital assets in a regulated environment.