Derived from CoinPaper, Dubai-based Islamic bank Ruya has launched regulated Bitcoin trading within its mobile banking app, becoming the first Islamic bank globally to offer Shariah-compliant access to the asset. The service, approved by Ruya’s Shariah governance board, allows customers to buy and sell Bitcoin under the same regulatory oversight as traditional investment products. The bank partnered with Fuze, a UAE-licensed virtual-asset infrastructure provider, to build the feature, ensuring compliance with anti-money-laundering and customer-verification rules. Ruya emphasized that the move aligns with growing demand for compliant digital-asset channels in the UAE, where over $30 billion entered the crypto market in the past year.
Ruya Becomes First Islamic Bank to Launch Regulated Bitcoin Trading
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