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BTCC / BTCC Square / Global Cryptocurrency /
Dubai Insurance Launches UAE’s First Regulated Crypto Wallet for Insurance Transactions

Dubai Insurance Launches UAE’s First Regulated Crypto Wallet for Insurance Transactions

Author:
Global Cryptocurrency
Published:
2026-01-29 11:33:02
11
2
BTCCSquare news:

Dubai Insurance has made history by introducing the UAE's first cryptocurrency wallet specifically designed for insurance transactions, with custody solutions provided by Zodia Custody. This institutional-grade wallet enables policyholders to pay premiums and settle claims using digital assets while maintaining full regulatory compliance with UAE financial authorities.

The wallet's architecture emphasizes enterprise-grade security protocols and transparent transaction auditing - key requirements for insurance applications where fund traceability is paramount. CEO Abdellatif Abuqurah positioned the launch as aligning with both national digital finance initiatives and the company's innovation roadmap.

This development signals growing institutional acceptance of crypto utilities beyond speculative trading, particularly in regulated Middle Eastern markets where digital asset infrastructure is maturing rapidly. The partnership with Zodia Custody (a Standard Chartered-backed institution) underscores the project's compliance-first approach.

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