Middle East News

Bahrain-based crypto exchange CoinMENA acquired a major license ahead of its launch in several countries including the UAE and Saudi Arabia.

Data published by Arcane Research suggests that major P2P crypto platforms have struggled to take off in Iran and Lebanon.

CryptoCore reportedly launched a phishing campaign against several crypto exchanges and managed to steal $200 million in two years.

Major telecoms provider Zain has joined the governing council for distributed ledger platform Hedera Hashgraph.

Two blockchain firms backed by Samsung and Sequoia Capital have launched a DLT consortium for the Middle East, African, and South East Asian regions.

The Department of Economic Development of Dubai has established a KYC blockchain consortium with six major banks.

The International Data Corporation projects that Middle East and Africa’s blockchain spending would surge from $21 million in 2019 to $105 million by 2023.

The UAE'S health ministry’s new blockchain platform aims to improve the efficiency of smart health services in the country.

Saudi Aramco has joined the already sizeable list of oil companies partnered with Vakt, the provider of a blockchain-based trading settlement platform for North Sea oil.

Sports teams like Juventus are now using the power of the blockchain technology to connect with fans.

The Algorand Foundation announced that its blockchain platform is now certified for Sharia-compliant financing.

A fintech company based out of Dubai has entered into a strategic partnership with R3, as it develops a Corda-based platform for Islamic securities.

Skepticism to crypto in Islamic countries is not a pure rejection, but a result of uncertainty, according to an Islamic finance expert.

Bittrex has partnered with crypto exchange and custodian provider Rain Management WLL to launch a regulated digital asset exchange for the Middle East and North Africa.

A large number of Gulf nations are embracing crypto with open arms as Ethereum explores partnership opportunities...