The kingdom is currently diversifying its economy away from oil and turning to new opportunities, such as gaming and Web3.
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Saudi Arabia looks to blockchain gaming and Web3 to diversify economy - News
Abu Dhabi grants virtual asset firm M2 permission to offer crypto services The M2 platform will launch later in 2023, allowing UAE-based retail and institutional clients to buy, sell and custody digital assets.
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Oman financial regulator seeks feedback on proposed virtual asset framework Although the proposed virtual asset regulatory framework in Oman covers FATF-defined assets, the issuance of privacy coins might get banned.
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Nomura’s crypto arm Laser Digital bags Dubai VARA license Laser Digital said it would also launch trading and asset management operations in the coming months, including over-the-counter service.
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Kenya partners with Abu Dhabi's Venom Foundation to build blockchain, Web3 hub The blockchain and Web3 hub will serve as a center for knowledge exchange and collaboration between technology firms and government entities in Africa.
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CertiK to launch compensation plan for $2M Merlin DEX exploit The Web3 security firm urges the rogue developer to return 80% of the stolen funds and offers 20% as a white hat bounty.
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Dubai regulator demands Binance provide info on ownership, governance: Report According to Bloomberg, the Dubai crypto regulator is also seeking similar details from other global crypto players.
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Sygnum sees increased crypto firm inquiries after US banking giants collapse The Swiss crypto bank, however, would stick to its policy of not onboarding United States clients as it focuses on its core target market.
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UAE central bank signs deal for CBDC strategy The CBDC strategy was first unveiled in February as part of the central bank’s program to position the UAE as a global financial hub.
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UAE free zone to explore Bitcoin payments for services, lawyer says The free zone for virtual asset firms in the Ras Al Khaimah emirate aims to foster regulated and non-regulated activities.
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UAE emirate to launch free zone for digital and virtual asset firms Free-trade zones in the UAE are areas where entrepreneurs have 100% ownership of their businesses and have different regulatory frameworks and tax schemes.
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Oman to establish regulatory framework for virtual assets Despite the warnings about investing in digital assets by Oman’s central bank, about 65,000 residents hold cryptocurrencies.