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#Emcoin is now the first regulated multi-asset app in the UAE! 🇦🇪 With a Virtual Asset License from the SCA, it combines traditional and digital finance in one mobile app. 📱 Discover more ⬇️

Scallop and Backpack Wallet launch a lending campaign with rewards including $10,000 worth of SCA Sui Ecological Lending Protocol Scallop announced a joint lending event with Backpack Wallet, with a total incentive of $10,000 worth of SCA. The event will last until 17:00 on July 1. Users need to connect to the Scallop DApp through Backpack Wallet and borrow assets worth at least $50, and must maintain the lending position until the end of the event. Only new lending activities completed through Backpack Wallet during the event are eligible.

RT @ProjectZKM: @kevinliub @GOATRollup 5/ What is the Significance of Bitcoin L2's? This essay positions Bitcoin L2s as more than just sca…

Emirates Coin Investment LLC (EmCoin) has made history in the United Arab Emirates financial sector by obtaining the first Virtual Asset license from the Securities and Commodities Authority (SCA). With the SCA approval, EmCoin is permitted to introduce a full suite of regulated services, combining digital asset trading, portfolio management, and investment access to both traditional and new financial products. Yasin Arafat, EmCoin’s Chief Operating Officer, described the development as a landmark for both the company and the broader sector. According to Arafat, EmCoin now offers “everyday investors the tools to take control of their financial future with clarity, compliance, and confidence.” The platform aims to eliminate the complexity often associated with fragmented, unregulated providers by consolidating a variety of asset classes under robust regulatory oversight. This framework enables shareholders to trust the market and ensures that both the market and companies adhere to the UAE’s financial guidelines. With this decision, the SCA underscores the government’s commitment to creating a secure and transparent environment for digital assets, thereby contributing to the country’s status as a leading destination for digital financial services. EmCoin’s approval allows the SCA to start work on further projects in the region. The company is collaborating with the regulator to establish a framework for Initial Coin Offerings (ICOs) under its control. This initiative aims to unlock new funding and investment opportunities while maintaining investor protections and market transparency. The new platform will offer users direct access to crypto trading, global equities, commodities, and professionally managed portfolios. EmCoin combines strategic partnerships with strict compliance to deliver technology-driven solutions. This combination offers both experienced and new investors a secure entry point into digital assets, traditional finance, and innovative products. Related: Dubai Regulator DFSA Greenlights Ripple’s RLUSD Stablecoin for Use in Financial Centre The UAE is committed to making the country a leader in digital finance through strict regulation compliance and transparency. This strategy attracts financial technology companies and establishes the country as a trusted leader in global digital asset innovation. Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.

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