TechFlow news, December 8 — According to Cryptopolitan, UAE-based Islamic bank ruya has partnered with digital asset infrastructure provider Fuze to become the first Islamic bank allowing customers to buy and sell Bitcoin via its mobile app. Ruya ensures all Bitcoin investments fully comply with Sharia law, offering customers secure and compliant digital asset services. According to Chainalysis' 2024 Geography of Crypto Report, cryptocurrency inflows into the UAE exceeded $30 billion between July 2023 and June 2024, a 42% year-on-year increase. Previously, UAE's Mashreq Capital launched BITMAC, a multi-asset investment fund including Bitcoin ETFs, while RAK Bank and Liv Bank have also begun offering cryptocurrency trading services.
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