Crypto Chronicles:Normal Day

1-UAE will introduce Digital Dirham CBDC this year

At the end of the third quarter of 2025, the Central Bank of the United Arab Emirates (UAE) will release the digital version of the country's national currency, the AED, for use in the retail sector. This information was first published by the Khaleej Times. Alongside traditional currency, the Digital Dirham CBDC will be accepted across all payment channels. Additionally, it will be available for usage via regulated financial institutions including as banks, exchange houses, and fintech companies. There will be a high level of security, tokenization, and integration of smart contracts, which will make it possible to conduct rapid settlements and transactions involving several parties.

Furthermore, the CBUAE has built an integrated Digital Dirham platform and wallet, which enables transactions to take place at retail, wholesale, and international levels around the world.

In June of 2024, the United Arab Emirates (UAE) began the process of transitioning to a digital currency by introducing a stablecoin regulatory framework. This framework established licensing rules for stablecoins that were backed by dirhams. Because of this, a number of significant efforts were initiated, including a push from Tether.

The announcement comes after the Digital Dirham underwent a redesign which resulted in the initial letter of the currency becoming the worldwide symbol.

The Digital Dirham CBDC, on the other hand, represents a significant evolutionary step that extends beyond stablecoins used in the private sector. Tokens that are privately issued do not provide the same degree of security, regulatory control, or monetary power as that which is provided by a digital currency that is backed by a sovereign nation.

In the realm of CBDC, the United Arab Emirates (UAE) has collaborated with other nations, such as Saudi Arabia, on the "Aber" project. This project is a joint CBDC effort between the two countries, with the goal of investigating the possibility of utilizing digital currencies for international payments.

Alongside a rising number of nations who are also undertaking pilot projects of their own CBDCs, the United Arab Emirates (UAE) is now in the testing and development phase of its Digital Dirham. These countries include Russia, China, Sweden, Korea, Brazil, and the United Kingdom, to mention just a few. A trial of the Digital Euro is also being carried out by the European Central Bank over a period of many years.

2-Dubai has granted Bitpanda a license to operate as a broker-dealer

With this clearance, Bitpanda is now authorized to provide its digital asset platform to investors in the United Arab Emirates. This platform will provide investors with access to more than 500 virtual assets, as well as crypto indices and savings systems.

With the Virtual Assets legal Authority (VARA) offering legal certainty and investor safety, Dubai has positioned itself as a major center for digital assets.

The goal of Bitpanda is to achieve this level of ambition, therefore establishing a new standard for the safe and compliant investment of virtual assets in the area.

Having established a permanent office at the DMCC Crypto Centre, the firm has also formed a regional team in order to customize its products and services to the market in the United Arab Emirates. Within the next several months, we will start the onboarding process for investors.

It was in January that Bitpanda was granted a MiCA license by Germany's financial authority. This authorization gave Bitpanda the ability to function within a single framework throughout all 27 member states of the European Union. In order to overcome the existing fragmentation that existed within the cryptocurrency business in Europe, the license created a unified regulatory system.

Deputy Chief Executive Officer Lukas Enzersdorfer-Konrad underscored Bitpanda's dedication to security and accessibility by noting, "With our VARA license, we are ensuring that investors and financial institutions in the United Arab Emirates have access to a digital asset platform that is fully compliant."

During his presentation, General Counsel Fabian Reinisch emphasized the evolving structure of the VARA. He also said that the speedy approval highlights Bitpanda's decade of expertise in the regulatory field and its commitment to adhering to the highest compliance standards.

A MiCAR license from BaFin, a registration with the UK Financial Conduct Authority, a PSD2 E-money license, and a MiFID II license are among the regulatory licenses that Bitpanda has throughout Europe on many occasions. By putting regulatory compliance at the forefront of its operations, it has become one of the most reliable platforms in the sector.

3-The integration of Chainlink SVR by Aave allows for the recovery of oracle-related MEV

On the Ethereum mainnet, the Smart Value Recapture protocol has been implemented by Aave, which is a leading implementation of decentralized finance. This is the result of a vote that was conducted on the blockchain by the community. The MEV recapture solution was first launched by Chainlink in the month of December 2024.

Through the implementation of this interconnection, Aave and Chainlink want to retrieve oracle extractable value that has been sent to blockchains in the past.

Consequently, SVR is creating a new standard for Aave and other participants in the DeFi ecosystem, which is a method to increase income for the network. Additionally, it is a significant step for a platform to establish a sustainable economic route by using oracles as a source of information.

Additionally, Flashbots, a research and development platform that is focusing on remedies to the detrimental impacts of extractable value on Ethereum, contributed to the deployment. This deployment is a collaborative effort between Chainlink and Aave-focused developer organizations BGD Labs and Aave Chan Initiative.

References

https://crypto.news/bitpanda-secures-a-broker-dealer-license-in-dubai/

https://crypto.news/aave-integrates-chainlink-svr-to-recapture-oracle-related-mev/

https://crypto.news/uae-set-to-launch-digital-dirham-cbdc-this-year/