News
Blockchain-based solution may help to contain the growing cases of COVID-19 across the UAE.
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UAE News
The UAE, or the United Arab Emirates, is a federal state composed of seven states located in the Near East. The UAE has a strong economy and currently is thirteenth in the world by GDP due to its oil production. In terms of Bitcoin, the UAE government created a legal framework in 2016 that has become the foundation for future cryptocurrency regulation. Despite these regulations prohibiting payment services from providing transactions in Bitcoin, the new law, in accordance with the Central Bank, can be interpreted differently, depending on certain situations. However, the country is a great platform for innovation. The UAE has recently accepted the UAE Blockchain Strategy in order to become one of the most advanced countries in the blockchain technology sphere.
- Follow up
As the UAE’s deadline for its nation-wide blockchain revamp looms, DLT is becoming embedded in everyday life.
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As Abu Dhabi rolls out regulatory framework for crypto assets, businesses are increasingly embracing distributed ledger technologies.
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In the wake of the coronavirus pandemic, a number of blockchain firms have stepped up their global relief efforts.
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Blockchain-based proposals from around the world are helping to quell the outbreak of COVID-19.
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DIFC and Mashreq Bank launch Blockchain KYC platform to support faster business registration in the UAE.
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Blockchain is becoming a hot topic, but is it being effectively implemented around the world?
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The Department of Economic Development of Dubai has established a KYC blockchain consortium with six major banks.
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The UAE'S health ministry’s new blockchain platform aims to improve the efficiency of smart health services in the country.
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The deployment of blockchain technology can save the United Arab Emirates more than $3 billion, new research shows.
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Singapore-based crypto exchange Huobi partnered with a real estate firm in the UAE to offer secure crypto payment options for its real estate investors.
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Saudi Crown Prince Mohammed bin Salman arrived in the United Arab Emirates for an official visit yesterday to discuss joint policy measures, including a digital currency plan.
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A Dubai-based Canadian expat has been arrested for peddling an allegedly fraudulent “Sharia-compliant” cryptocurrency and a host of other get-rich-quick schemes.
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Can the U.K. draw inspiration from the UAE and China to regulate cryptos instead of banning them? FCA decides.
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As crypto regulation is accepted in UAE blockchain projects could stand to benefit.
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