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M2 enables UAE residents to trade BTC and ETH directly with bank accounts. Integration supports dirham deposits, withdrawals, and market-responsive trading. UAE has strict regulations to ensure consumer protection and market transparency. In a significant development for the digital asset market in the United Arab Emirates (UAE), M2, a prominent crypto exchange, has announced that UAE residents can now buy and sell Bitcoin (BTC) and Ethereum (ETH) directly using their bank accounts. This new integration facilitates the direct conversion of UAE dirhams into BTC and ETH through M2’s spot market, marking a milestone in the accessibility of virtual assets in the region. M2 users can seamlessly convert dirhams into BTC and ETH and vice versa In an announcement shared with Cointelegraph, the M2 exchange highlighted that the new feature will enable users to convert dirhams into Bitcoin and Ether seamlessly through the trading pairs listed on M2’s spot ...

UAE & Hong Kong Coact For Crypto Regulations On May 30, the Central Bank of the United Arab Emirates (CB UAE ) and the Hong Kong Monetary Authority (HKMA) held a bilateral meeting in Abu Dhabi which focused on various collaborative initiatives, with a particular emphasis on financial infrastructure, financial market connectivity and cryptocurrency regulations. advertisement Read More: Japan’s BitFlyer Exchange Restricts Crypto Deposits & Transfers During the bilateral meeting, the CBUAE and the HKMA engaged in discussions on key areas of cooperation. The central banks agreed to focus on major areas of finance and even initiated discussions on joint fintech development initiatives and knowledge-sharing efforts within their jurisdictions. To operationalize the agreed-upon initiatives, a joint working group, led by the CBUAE and HKMA and with the support of relevant stakeholders from the banking sectors of both jurisdictions, will be formed. This col...