The company must now navigate through the subsequent phases — obtaining a preparatory license followed by the final operating license — to fully offer its crypto services to regional clients.
Middle East News
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The Saudi government’s Cultural Universe metaverse initiative takes a user through the long history of Saudi Arabia dating back to 1727.
20776The Sui Foundation’s Greg Siourounis shared that seven out of 10 students in an idea presentation event had blockchain as a part of their solutions.
5060Abu Dhabi Global Market has been expanding rapidly. Solana isn’t doing badly lately, either.
12868LandVault CEO Samuel Huber explained that the “era of hype” back in 2021 was just a prototype of what the metaverse truly is.
2090The new entity is aimed at opening the doors for the Middle East’s institutional investors to crypto, staking and AI.
2377The newly established council will develop and implement artificial intelligence policies applied to research, infrastructure and investments.
5698Ghaf Capital managing partner Feras Al Sadek argued that the UAE’s “regulation by education” sets it apart from other jurisdictions.
2343The permit allows CoinMENA to provide retail and institutional customers in the United Arab Emirates with the ability to deposit and withdraw in UAE dirhams.
1366Former Binance CEO Changpeng Zhao, who pleaded guilty to one felony count in the U.S. in November, may not be able to return to the UAE before being sentenced.
2446The United Arab Emirates increasingly attracts Web3 companies to its jurisdictions, becoming the center of global crypto innovation.
4008The approval followed a similar move by regulators in Singapore, where Paxos said its local entity would launch a U.S. dollar-backed stablecoin.
2565The Iota Ecosystem DLT Foundation is the first to receive approval from regulators in Abu Dhabi after its financial authority passed a new, related law earlier in the month.
8460The industry is reeling as governments, legislators, and even investors ask if its networks are being exploited by terrorists. A sense of proportion may be needed.
1061Saudi Arabia’s forthcoming regional development project, NEOM, has partnered with Animoca Brands to push Web3 in the region and a potential $50 million investment deal.
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