Abu Dhabi’s Mining Ban, Visa’s Stablecoin Push, and $7B Bitcoin Laundering Verdict

weekly recap 27 september to 3rd october

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Another week, another recap! Missed some news or unsure about the most important stories from the past week? Don’t worry, we’ve got you covered:

Abu Dhabi Bans Crypto Mining on Farmlands with 100K Dhs Fine. Abu Dhabi has outlawed crypto mining on farmland, warning violators will face fines up to AED 100,000 for energy misuse and land damage.

Visa Pilots Stablecoins for Faster Cross-Border Payments. Visa is testing USDC on blockchain rails to improve global money transfers, signaling stronger support for crypto in traditional finance.

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QNB Taps JPMorgan’s Blockchain Kinexys. Qatar National Bank will use JPMorgan’s new blockchain platform, Kinexys, to speed up cross-border payments for its customers.

UK Convicts Chinese National in $7 Billion Bitcoin Laundering Case. A Chinese woman was found guilty in the UK of laundering over $7 billion in Bitcoin tied to a global criminal network.

Trump Family’s WLFI and Aptos to Launch USD1 Stablecoin. The Trump-linked WLFI project is partnering with Aptos to launch “USD1,” a new stablecoin aiming to rival existing digital dollars.

From Visa and QNB pushing blockchain payments to Abu Dhabi cracking down on crypto mining and the UK sentencing a major Bitcoin launderer, this week proves crypto is more than just markets — it’s reshaping global policy, finance, and law.

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The Story Sculptor
With a BA in Journalism and over 11 years of experience in Arabic and English media, I bring a newsroom mindset to the fast-paced world of crypto content. From breaking news to in-depth features, I’ve worked across leading platforms. Today, as a content writer in the Web3 space, I aim to make complex topics like blockchain, crypto, and digital innovation accessible to a wider audience, without compromising clarity or credibility.

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