According to the project participants, the AED-denominated stablecoin will create an opportunity to make financial transactions in a currency other than the U.S. dollar.

The launch date of the new Tether product is not named, but the transition to the implementation of the project will take place after receiving a license from the Central Bank of the UAE.
It should take several months.

At the end of the first half of the year, the Board of Directors of the Central Bank of the United Arab Emirates (CBUAE) approved new rules for supervising the circulation of digital stable coins and decided to ban all transactions in the territory of the emirates in stablecoins, the value of which is not linked to the exchange rate of the UAE dirham.

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We are pleased to announce that the CELESTION website is now available in Georgian ! 🇬🇪

Users from Georgia can now easily familiarize themselves with our financial and investment services and innovations in their native language.

We are committed to making our solutions accessible to all and continue to expand internationally!

Discover the future of digital asset trading with CELESTION ☑️.

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Binance announced that its website and mobile apps are now available to local users after successfully completing the registration procedures with the Financial Intelligence Unit of India (FIU-IND).

Binance noted that the exchange team managed to ensure full compliance of the crypto platform with the regulatory requirements of Indian regulatory authorities.

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South Korea's National Pension Service, which is the third-largest public pension fund in the world, has acquired 24,500 shares of MicroStrategy at a price of $33.75 million.

MicroStrategy shares have risen more than 92.5% since the start of the year thanks to its Bitcoin strategy.
The company has been buying the flagship cryptocurrency since August 2020 and currently holds 226,500 BTC , worth about $13.19 billion.

This makes MicroStrategy the public company with the largest Bitcoin holdings, which is approximately 13 times more BTC than the world's largest miner, Marathon Digital.

South Korea's pension agency is actively investing in cryptocurrency-related companies.

For example, the National Pension Service of South Korea owns 229,807 shares of the Coinbase (NASDAQ: COIN ) exchange worth more than $51 million and securities of the online gaming platform Roblox worth more than $31.5 million.

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