Crypto.com says a new UAE Stored Value Facilities license will let residents pay Dubai government fees in crypto, as the company doubles down on regulated expansion in the Middle East and beyond. Update (May 11, 2026, at 13:17 UTC): This article has been updated to include responses from Mohammed Al Hakim, president and general manager for the UAE at Crypto.com. Crypto.com has received a Stored Value Facilities license from the Central Bank of the United Arab Emirates, allowing residents to pay Dubai government fees using cryptocurrencies via its platform, the company said Monday. The company says the license allows users to fund payments in digital assets while settlements are made in UAE dirhams or in dirham-backed stablecoins approved by the central bank under the SVF framework. Read more
Bitcoin’s rejection at the 200-day EMA mirrors past 25% and 36% BTC sell-offs, fueling fears of another drop toward $60,000. Bitcoin (BTC) has climbed roughly 40% from its February lows, bringing the price back to a critical resistance zone that could determine whether the bear market continues or finally ends. Key takeaways: As of Monday, BTC/USD was down 2.25% near $80,500, erasing its overnight gains as buyers once again failed to clear the 200-day exponential moving average (200-day EMA, blue line). Read more