- CoinMENA has partnered with Standard Chartered to strengthen fiat payment rails and improve banking infrastructure for crypto users in the UAE.
- The partnership will enable CoinMENA to offer seamless fiat on- and off-ramps, client money accounts, and virtual account-based transaction management.
- CoinMENA said the agreement is expected to enhance liquidity settlement and increase transparency with approved international counterparties.
- Standard Chartered highlighted the UAE’s progressive digital asset regulations as a key driver for collaboration between banks and regulated crypto firms.
CoinMENA has signed a banking arrangement with Standard Chartered to boost fiat payment infrastructure for consumers in the UAE.
CoinMENA, a Bahrain-headquartered Sharia-compliant cryptocurrency exchange regulated across the Middle East, will use Standard Chartered, a leading British multinational banking and financial services institution as part of the partnership to offer fiat on- and off-ramps, client money accounts, and virtual account-based transaction management.
According to the exchange, the agreement would enhance liquidity, resolution and transparency with authorized international counterparties.
Rola Abu Manneh, CEO of Standard Chartered UAE, Middle East, and Pakistan, stated in the announcement that the UAE had established itself as a leading regulatory framework for digital assets, enabling chances for financial institutions and regulated enterprises to collaborate.
As the UAE’s digital asset market develops and draws more institutional involvement, cryptocurrency companies are working harder to gain access to regulated banking infrastructure.
This is reflected in the agreement. Exchanges looking for dependable fiat payment rails and settlement services are increasingly prioritizing banking partnerships.
CoinMENA Founders Highlight The Importance Of Regulation & Banking Partnerships
In a joint statement, CoinMENA co-founders Dina Sam’an and Talal Tabbaa stated, “We believe the industry’s future depends on strong banking, regulatory, and operational foundations, not just technology.”
🤝 Major milestone for MENA digital assets!
CoinMENA (@CoinMENA) has signed a banking agreement with Standard Chartered (@StanChart) to enhance fiat on/off-ramps with faster funding, efficient payouts, and real-time payment rails. 🌐#CoinMENA #StandardChartered #MENA #FinTech pic.twitter.com/rGRP8gEZT9
— CoinMENA | كوين مينا (@CoinMENA) June 17, 2026
According to Bloomberg, Revolut’s bids for licenses for Stored Value Facilities and Retail Payment Services were accepted by the Central Bank of the United Arab Emirates (CBUAE).
Revolut intends to develop its operations, technology, and local competencies before offering its services in the nation. Through the company’s app, UAE clients should be able to access multi-currency accounts, physical and virtual cards, and both domestic and international transfers.
Revolut Targets MENA Expansion With UAE Regulatory Approval
The London-based fintech company is also thinking about growing throughout the Middle East and North Africa, including Morocco and Turkey.
Revolut informed Cointelegraph that the licenses do not permit the use of digital assets and only apply to retail payment services and stored-value facilities under CBUAE regulation.
According to a Revolut representative, “any future crypto-related products or services offered in the UAE will be subject to the appropriate regulatory approvals from the relevant authority.”
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