CoinMENA, Standard Chartered partner on UAE payment rails

Crypto exchange CoinMENA has entered a banking agreement with Standard Chartered to strengthen fiat payment infrastructure for customers in the United Arab Emirates.　　Under the agreement, CoinMENA will use Standard Chartered to support fiat on- and off-ramps, client money accounts and virtual account-based transaction management, according to a press release shared to Cointelegraph. The exchange said the arrangement would improve transparency and liquidity settlement with approved global counterparties.　　In the announcement, Standard Chartered UAE, Middle East and Pakistan CEO Rola Abu Manneh said the UAE had established itself as a leading regulatory environment for digital assets, creating opportunities for financial institutions and regulated firms to collaborate.　　The agreement reflects growing efforts by crypto firms in the UAE to secure access to regulated banking infrastructure as the countrys digital asset sector matures and attracts greater institutional participation. Banking partnerships have increasingly become a priority for exchanges seeking reliable fiat payment rails and settlement services.　　“We believe the industrys future depends on strong banking, regulatory, and operational foundations, not just technology,” CoinMENA co-founders Dina Saman and Talal Tabbaa said in a joint statement.　　Source: CoinMENA　　Revolut moves closer to UAE launch　　Separately, the Central Bank of the UAE (CBUAE) approved Revoluts applications for Stored Value Facilities and Retail Payment