The DIFC, Mashreq Bank and Norbloc will jointly launch a blockchain-based KYC data-sharing consortium in the first quarter of 2020.
Dubai is the largest city of the United Arab Emirates and the most important trading, economic and tourist center of the UAE and the Near East. The city functions as a modern center of advanced technologies, so in terms of Bitcoin, Dubai has become a very popular place for startups and trading. The city has also become the first in the Near East that has opened an investment and trading platform with an official license that allows storing cryptocurrency in “cold” storage that, according to its developers, is protected from any natural disaster. In Dubai, cryptocurrency has been met with progressive legislation and high demand because the city works as a link between less developed countries, whose citizens buy cryptocoins in Dubai because of hyperinflation in their countries.
- Bakkt Announces Sept. 23 Launch of Futures and Custody Platform in US
- Chainzilla and Pundi X to Enable Retail Bitcoin Payments in Panama
- Mike Tyson: ‘I Am Not Involved With Fight to Fame or Their Countdown Website’
- Reconciling Blockchain Technology With California Consumer Privacy Act
- Bitcoin Fights to Hold at $10,150 as US Stock Market Sees Minor Uptrend