The United Arab Emirates’ Ministry of Finance said the government will roll out the framework in 2027 and begin sharing information in 2028. The United Arab Emirates took a step toward aligning its digital asset policies with international tax standards by signing the Multilateral Competent Authority Agreement on the Automatic Exchange of Information under the Crypto-Asset Reporting Framework (CARF). The UAE’s Ministry of Finance (MOF) announced the agreement on Saturday, formalizing the UAE’s commitment to implementing the Organisation for Economic Cooperation and Development’s (OECD) global regime for digital asset reporting. CARF creates a mechanism for the automatic exchange of tax-related information on crypto asset activities between participating jurisdictions. This strengthens international cooperation on transparency and tax compliance. Read more
Safetech Innovations (BVB: SAFE), a Romanian cybersecurity company with offices in Bucharest, London, Abhu Dhabi and Ryad, on September 22 announced its participation, as subcontractor, in an international consortium that will be involved in the framework contract FREIA, awarded by the European Commission, through the Directorate General for Digital Services (DG DIGIT).
The whale started withdrawing their HYPE tokens after nine months of holding, with an unrealized profit of about $90 million. Update Sept. 22, 1:31 p.m. UTC: This article has been updated to include quotes from Nicolai Sondergaard, research analyst at crypto intelligence platform Nansen. Large cryptocurrency investors, or whales, are cashing out of Hyperliquid’s native token as concerns grow over an upcoming vesting schedule that could unleash about $11 billion worth of supply. Whale wallet “0x316f” withdrew $122 million worth of Hyperliquid (HYPE) tokens on Monday, which had been acquired for about $12 per token. Read more