The post UAE’s Ultra-Rich Are Driving a Fierce Crypto Revolution com. The traditional wealth management and private banking world, much of which is hard-bitten and twice shy when it comes to cryptocurrency investing, is under mounting pressure again to deliver digital assets to wealthy clients, particularly in crypto hotspots like Dubai, Switzerland and Singapore. Swiss software firm Avaloq, which serves many private banks and wealth managers, examined high net worth (HNW) investing attitudes in the UAE (based on surveys of 3, 851 investors and 456 wealth professionals conducted in February/March 2025), and found that while demand for digital assets in that region is unusually high (39% of wealthy clients hold crypto), only 20% of those crypto investors used a traditional wealth manager. The UAE, known for its oil-rich, ultra-high net-worth family offices and a low tax center for expat workers, is also quickly becoming one of the world’s hottest crypto hubs, with Dubai offering a clear regulatory framework in the form of the Virtual Assets Regulatory Authority (VARA), which has been in place since 2022. These days, the kids of ultra-high net-worth families are educating their elders about crypto for example, the Trumps. Against this backdrop, Avaloq’s UAE snapshot found that 63% of investors have switched managers or are considering doing so. The reason is partly because their questions about crypto are going unanswered, according to the survey. “As crypto has evolved as an asset class, there has been a growing need among private banking relationship managers to cater to clients who are basically not being served,” said Akash Anand, head of Middle East and Africa at Avaloq, in an interview with CoinDesk. “Hence there has been a rush among traditional wealth managers to get equipped to offer crypto.” The roadblocks So why weren’t these traditional financial institutions serving what their clients want? The simple answer is that crypto, by its.
Tag: cryptocurrency
The post Indian Court XRP Ruling May Complicate WazirX Hack Claims Process appeared com. COINOTAG recommends • Exchange signup 💹 Trade with pro tools Fast execution, robust charts, clean risk controls. 👉 Open account → COINOTAG recommends • Exchange signup 🚀 Smooth orders, clear control Advanced order types and market depth in one view. 👉 Create account → COINOTAG recommends • Exchange signup 📈 Clarity in volatile markets Plan entries & exits, manage positions with discipline. 👉 Sign up → COINOTAG recommends • Exchange signup ⚡ Speed, depth, reliability Execute confidently when timing matters. 👉 Open account → COINOTAG recommends • Exchange signup 🧭 A focused workflow for traders Alerts, watchlists, and a repeatable process. 👉 Get started → COINOTAG recommends • Exchange signup ✅ Data‑driven decisions Focus on process-not noise. 👉 Sign up → The Madras High Court in India has ordered WazirX’s operator, Zanmai Labs, to provide a bank guarantee of approximately $11,800 for a user’s frozen 3, 532 XRP tokens following a 2024 cyberattack that stole $235 million in assets. This ruling recognizes cryptocurrency as property held in trust, potentially complicating WazirX’s Singapore-based restructuring for Indian users. Madras High Court mandates bank guarantee for WazirX user’s XRP holdings post-hack. Ruling affirms cryptocurrency as possessable property under Indian law, enabling trust-based claims. WazirX’s $235 million loss from 2024 hack leaves insufficient tokens for user liabilities, per court documents. Discover how the Indian court’s WazirX ruling impacts crypto users after the $235M hack. Explore restructuring plans and legal implications for exchanges. Stay informed on crypto regulations today. What is the significance of the Madras High Court ruling on WazirX cryptocurrency claims? The Madras High Court ruling on WazirX marks a pivotal moment in recognizing cryptocurrencies as legal property in India. Delivered on Saturday by Justice N. Anand Venkatesh, the decision requires WazirX’s operator, Zanmai Labs, to issue a bank guarantee worth about $11,800 to.
Madras High Court confirms crypto can be owned and held in trust. WazirX has been barred from redistributing investors’ unaffected XRP holdings. Ruling strengthens investor rights and Web3 governance in India. In a landmark ruling that could reshape cryptocurrency in India, the Madras High Court has declared that cryptocurrencies qualify as property under Indian law. [.] The post Cryptocurrency is as ‘property’ under Indian law, rules Madras High Court appeared first.
TLDR Sei (SEI) broke above a major descending trendline and is holding the $0. 20 support level after weeks of decline. The token gained 4. 4% in 24 hours and is trading at $0. 2055 with a market cap of $1. 27 billion. Technical indicators show the RSI recovering from oversold levels and the MACD histogram turning positive. Analysts [.] The post Sei Price: Token Breaks Descending Trendline as Momentum Builds appeared first on CoinCentral.
Have you wondered which top cryptos to buy for November 2025 could redefine the next bull market? With Bitcoin’s proven [.] The post Top Cryptos To Buy For November 2025: BullZilla Joins Bitcoin and Binance Coin In Leading The Next Market Wave appeared first on Coindoo.
Many employees and freelancers worldwide already get paid in Bitcoin or other cryptocurrencies. Solely crypto-based dependence, while innovative, involves volatility [.] The post Best Practices for Diversifying Crypto Salary Earnings appeared first on Coindoo.
In Brazil, the Hashdex Nasdaq XRP (XRPH11) has accumulated around $52 million in assets, despite launching first.
While many are watching the Cardano (ADA) price growth and analyzing every Astar (ASTR) trading signal, the market seems to [.] The post Traders Eye BlockDAG’s Coinbase and Kraken Listing Rumors for a 1000x Upswing as Astar and Cardano Slow Down appeared first on Coindoo.
Trump pardons Binance founder Changpeng Zhao after Biden’s ‘war on crypto’
U. S. President Donald Trump’s declaration of 100% tariffs on Chinese imports sent shockwaves through global markets, and crypto was no [.] The post Crypto Market Proves Its Strength After Major Selloff, Analysts Say appeared first on Coindoo.