CoinMENA B.S.C. (c), which is licensed by the Dubai Virtual Assets Regulatory Authority (VARA) to offer digital asset trading services across the Middle East, has announced a strategic agreement with Standard Chartered. This move aims to strengthen the cash payment ecosystem for CoinMENA's expanding customer base. This partnership will support client fund management and cash payment services, reflecting the growing collaboration between regulated digital asset platforms and traditional financial institutions in the UAE, especially with the rapid growth of the digital asset sector. Under this agreement, CoinMENA will use Standard Chartered's banking solutions to make deposits and withdrawals easier for its customers. This includes dedicated client money accounts, advanced financial settlement channels, and virtual account transaction management. All of these features will help speed up funding, improve settlement efficiency, and boost transparency. The agreement also supports CoinMENA's plans for expansion and growth by developing liquidity settlement mechanisms with approved global financial institutions and improving how its regulated platform connects with traditional financial systems.
Related editorial
MIS Teams Up with Saudi Fransi Capital to Power Up Saudi Arabia's Data Centers
MIS (Al Moammar Information Systems) and Saudi Fransi Capital are joining forces to explore building three major new data centers in Riyadh, Dammam, and Jeddah. MIS will handle the development, design, and management of these facilities, which aim to add a significant 48 megawatts of capacity to Saudi Arabia's digital infrastructure, supporting the nation's digital transformation goals.
REVYN Launches UAE's First Resale Platform with No Seller Fees
Get ready for REVYN, a new platform now live in the UAE on iOS and Android! It lets users easily buy and sell pre-owned items directly. What's really cool is that sellers pay absolutely no commission, making it the first model of its kind in the UAE market and a big win for sustainable living.
Paymob and UnionPay Team Up to Expand Digital Payments Across Egypt, Boosting Global Connections
Exciting news for Egypt's digital payment landscape! Paymob and UnionPay have joined forces to significantly expand UnionPay card acceptance at over 160,000 locations across the country. This fantastic partnership is set to make cross-border payments smoother, giving a big boost to tourism and digital commerce in Egypt.
FRA Dispels Rumors: Non-Banking Financial Companies' Branches Remain Open
The Financial Regulatory Authority (FRA) has debunked recent social media rumors claiming the closure of non-banking financial company branches. The FRA clarified that the decision being circulated is an old one, dating back to October 2025, and specifically does not apply to the non-banking financial companies mentioned in the rumors. The authority assures the public that the sector is operating as usual.