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5G In UAE: Etisalat & Ericsson Join Forces To Deploy 5G High-Band

Once deployed, the network should be able to provide fiber-like speeds over the air, delivering data speeds of 4.2 Gbps and latency of 8 milliseconds.

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5g in uae etisalat and ericsson join forces to deploy 5g high-band

Soon, all owners of 5G-enabled devices will be able to enjoy increased speeds and lower latency because Etisalat, UAE-based multinational telecom services operator, has joined forces with Ericsson, Swedish multinational networking and telecommunications company, to deploy 5G in UAE through millimeter wave (mmWave) small cell networks.

Once deployed, the network should be able to provide fiber-like speeds over the air, delivering data speeds of 4.2 Gbps and latency of 8 milliseconds (ms). Because 5G networks can support a greater number of connected devices than 4G networks, UAE residents can look forward to problem-free internet access even in crowded places, such as malls and stadiums.

“Etisalat has always been at the forefront of the telecom industry, and we continuously work to provide our customers with the best possible digital experience,” said Haitham AbdulRazzak, Chief Technology Officer at Etisalat.

“We look forward to supporting Etisalat in harnessing the opportunities that new technologies like 5G can present for the people of the UAE,” added Ekow Nelson, Vice President and Head of Global Customer Unit Etisalat at Ericsson MENA, in the official press release.

5G technology is positioned to become a key enabler of the UAE Vision 2021, which was launched by H.H. Sheikh Mohammed bin Rashid Al Maktoum, to transition the country to a knowledge-based economy, promoting innovation and research and development.

Also Read: How To Check Postpaid Balance In Etisalat

All businesses that depend on reliable, secure, and fast internet connectivity will be able to reap its benefits to support remote workers, implement innovative Internet of Things solutions, and deliver immersive experiences to their customers.

5G connectivity additionally paves the way for smart cities, which can be imagined as pulsing digital ecosystems where countless sensors collect data to manage resources and infrastructure more efficiently. 5G will hopefully take the United Arab Emirates to another level of connectivity and innovation.

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Binance Receives Virtual Assets License To Operate In Dubai

As its user base nears 200 million, CEO Richard Teng believes crypto adoption will soar over the next half of the decade.

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binance receives virtual assets license to operate in dubai

Global crypto exchange Binance has been granted a full operational license in Dubai, in a move that’s expected to accelerate digital asset adoption and strengthen the UAE’s regulatory landscape.

The virtual asset service provider license (VASP) was granted by the Dubai Virtual Assets Regulatory Authority (VARA) and will allow Binance to extend its current range of services to retail investors, the company announced yesterday.

The move by Dubai authorities will be critical to Binance’s strategy of growing its user base globally. The crypto exchange expects to pass the 200 million user mark “quite shortly”, according to Richard Teng, the company’s CEO.

Once that milestone is achieved, Binance will have around twice as many users as rival platform Coinbase. Meanwhile, Crypto.com, another popular exchange with 80 million users, received a Dubai VASP license last week.

“We’re seeing much greater institutional adoption and institutional money coming into this space [along with] much greater regulatory clarity and a lot more jurisdictions approving [digital asset] products that bring in new investor classes,” Binance’s Richard Tang explained, adding: “As of now, we stand at about 5% crypto adoption globally, but that will become much faster moving forward”.

Also Read: Microsoft Invests $1.5 Billion In Abu Dhabi AI Tech Firm G42

Dubai and the UAE are extremely supportive of technologies like digital assets, and have already launched initiatives to boost adoption. The UAE has ambitious plans to become a world leader in the crypto economy of the future, with Dubai in particular being noteworthy for passing a new law to regulate virtual assets to support investors and exchanges.

“Global crypto regulation is currently showing diverging signs. Some developed countries have long suffered from crypto-related frauds and illegal exchanges. On the other hand, emerging nations like the UAE and Singapore have enacted crypto laws at faced pace,” said Vijay Valecha, chief investment officer of Dubai-based Century Financial.

As the UAE gears up to become one of the fastest-growing crypto capitals worldwide, investors and talent are flocking to places like Dubai. During 2023, the Emirates as a whole realized $204 million in capital gains from cryptocurrency investments, according to blockchain data analysts Chainalysis.

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