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.

Abu Dhabi Securities Exchange Issues Thought Paper on Crypto and Blockchain

NOV 06, 2018 | by Ana Alexandre

The Abu Dhabi Securities Exchange has reportedly issued a thought paper on crypto and blockchain infrastructure for issuing digital assets.

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‘Halal Coins Only’: First Islamic Crypto Exchange to be Launched in 2019

OCT 30, 2018 | by Maria Yavuz

The exchange will be operating in “full compliance with the principles of Islamic finance.” A Shariah Advisory Board to decide which coins will be listed.

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Dubai – the Blockchain Oasis of the UAE: From Public to Private Sector

OCT 18, 2018 | by Gareth Jenkinson

Dubai and the United Arab Emirates are making concerted efforts to be global leaders in blockchain adoption.

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Dubai Government-Backed Digital Currency Will Get Its Own Payment System

OCT 09, 2018 | by William Suberg

Dubai’s state-backed digital currency emcash will soon have its own payment system for goods, services, and other transactions.

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UAE Securities Regulator to Introduce ICOs for Capital Markets in 2019

OCT 09, 2018 | by Marie Huillet

The United Arab Emirates’ national securities regulator plans to introduce ICOs for capital markets in 2019, having approved their regulation under securities l...

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Dubai Department of Finance Launches Blockchain-Based Payment System for UAE Gov’t

SEP 23, 2018 | by Helen Partz

Dubai Department of Finance has launched a blockchain-powered payment system geared towards government entities in collaboration with Smart Dubai Office.

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Abu Dhabi Regulator Calls for International Cryptocurrency Regulation Effort

SEP 19, 2018 | by William Suberg

A senior finance official has said Abu Dhabi would like to see comprehensive international regulation of the cryptocurrency arena.

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Dubai Police Chief: Digital Currency Will ‘Soon Replace’ Cash Despite Hurdles

SEP 17, 2018 | by William Suberg

A Dubai police chief has gone on record to forecast “electronic money” taking over from cash “soon,” local media report.

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Unconfirmed: UAE Preparing to Adopt Formal ICO, Fintech Regulations, Local Media Report

SEP 11, 2018 | by William Suberg

The United Arab Emirates’ fintech and ICO regulation agreed upon in July will shortly become law, local media report.

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From Qatar to Palestine: How Cryptocurrencies Are Regulated in the Middle East

SEP 09, 2018 | by Stephen O'Neal

The UAE’s utopian blockchain plans, Palestine’s national cryptocurrency plans and more.

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Iranian Crypto Ransomware Threat Will Rise in Today’s Geopolitical Climate, Report Predicts

AUG 08, 2018 | by Marie Huillet

Iran-based ransomware that demands crypto payments will further escalate amid the current geopolitical fallout, according to Accenture’s new report.

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Smart Dubai and DIFC Courts Partner to Explore Blockchain-Powered Judiciary

JUL 30, 2018 | by Marie Huillet

The Dubai International Financial Centre Courts and Smart Dubai have partnered to develop a “Court of the Blockchain” that would harness the tech for the judici...

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Banks and Cryptocurrencies Global Evaluation: The Middle East

JUN 14, 2018 | by Christina Georgacopoulos

It’s definitely more red than green.

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Major UAE Bank Implements Blockchain Tech To Prevent Check Fraud

APR 23, 2018 | by Helen Partz

The National Bank of Dubai is rolling out its ‘Cheque Chain’ system after successful testing, to prevent check-related fraud.

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UAE Government Launches Blockchain Strategy 2021

APR 13, 2018 | by Ana Alexandre

The UAE Government announced the launch of its Blockchain Strategy 2021 aimed at not only saving work hours and expenditures for document circulation, but also ...

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5 Cities That Let You Buy Real Estate with Bitcoin

OCT 26, 2017 | by Kayla Matthews

Despite the uncertainty of the Bitcoin market, real estate agents are willing to take a risk on the cryptocurrency. Different cases, where it happens, are expl...

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Nigerian Regulator Warns Against Crypto Transactions Since They’re ‘Not Insured’

MAR 24, 2018 | by Molly Jane Zuckerman

An executive at Nigeria’s Deposit Insurance Corporation has warned citizens away from crypto, citing a lack of backing in any “physical commodity”

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Chile Adopts Blockchain Technology For National Energy Grid

MAR 03, 2018 | by Aaron Wood

Chilean energy grid to adopt blockchain, security cited as the reason for the development.

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Dubai To Launch Blockchain Marketplace For Tourism Industry ‘To Be 10 Years Ahead’

MAR 03, 2018 | by Molly Jane Zuckerman

Dubai will be launching a B2B virtual marketplace for the tourism industry by 2020, as part of the Dubai 10x initiative.

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UAE Government Launches Blockchain Strategy 2021

APR 13, 2018 | by Ana Alexandre

The UAE Government announced the launch of its Blockchain Strategy 2021 aimed at not only saving work hours and expenditures for document circulation, but also ...

32969 |

Abu Dhabi: Financial Services Authority Is Working On Cryptocurrency and ICO Regulations

FEB 12, 2018 | by Helen Partz

The financial regulator of Abu Dhabi Global Market (ADGM) said on Sunday that it is considering the development of its own set of cryptocurrency and ICO regulat...

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UAE Issues Warning On ICOs, Says Investors Should Assume Full Risk

FEB 06, 2018 | by Helen Partz

The UAE’s Securities and Commodities Authority warns investors about ICOs, citing high volatility, no regulations, misleading offers.

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S&P Global Platts Launches Blockchain Network To Track Oil Data In UAE

FEB 22, 2018 | by Helen Partz

S&P Global Platts has started the deployment of its Fujairah Oil Industry Zone Blockchain network, bringing the ‘first’ DLT implementation to the energy sector.

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Dubai To Release Blockchain-Based System To Track Vehicle Lifecycles

FEB 28, 2018 | by Molly Jane Zuckerman

Dubai’s Roads and Transport Authority has announced that it will launch a Blockchain-based initiative for tracking vehicles’ lifecycle for their customers.

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Major Oil Producing Regions Move to Adopt Blockchain in Their Operations

AUG 19, 2017 | by Joshua Althauser

Several countries in the biggest oil producing regions in the world are moving to adopt Blockchain technology in their operations as of mid-2017.

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Banks and Cryptocurrencies Global Evaluation: The Middle East

JUN 14, 2018 | by Christina Georgacopoulos

It’s definitely more red than green.

16349 | 2

Major UAE Bank Implements Blockchain Tech To Prevent Check Fraud

APR 23, 2018 | by Helen Partz

The National Bank of Dubai is rolling out its ‘Cheque Chain’ system after successful testing, to prevent check-related fraud.

14843 |

Dubai Department of Finance Launches Blockchain-Based Payment System for UAE Gov’t

SEP 23, 2018 | by Helen Partz

Dubai Department of Finance has launched a blockchain-powered payment system geared towards government entities in collaboration with Smart Dubai Office.

13265 |

Smart Dubai and DIFC Courts Partner to Explore Blockchain-Powered Judiciary

JUL 30, 2018 | by Marie Huillet

The Dubai International Financial Centre Courts and Smart Dubai have partnered to develop a “Court of the Blockchain” that would harness the tech for the judici...

10969 |

UAE Central Bank Governor Warns Against Use of Cryptocurrencies as a Medium of Payment

OCT 30, 2017 | by Lisa Froelings

United Arab Emirates (UAE) Central Bank Governor Mubarak Rashid al-Mansouri has issued a warning to the public against the use of virtual currencies as a medium...

10938 | 5

Nigerian Regulator Warns Against Crypto Transactions Since They’re ‘Not Insured’

MAR 24, 2018 | by Molly Jane Zuckerman

An executive at Nigeria’s Deposit Insurance Corporation has warned citizens away from crypto, citing a lack of backing in any “physical commodity”

45193 | 9

5 Cities That Let You Buy Real Estate with Bitcoin

OCT 26, 2017 | by Kayla Matthews

Despite the uncertainty of the Bitcoin market, real estate agents are willing to take a risk on the cryptocurrency. Different cases, where it happens, are expl...

57436 | 8

Major Oil Producing Regions Move to Adopt Blockchain in Their Operations

AUG 19, 2017 | by Joshua Althauser

Several countries in the biggest oil producing regions in the world are moving to adopt Blockchain technology in their operations as of mid-2017.

16712 | 8

UAE Central Bank Governor Warns Against Use of Cryptocurrencies as a Medium of Payment

OCT 30, 2017 | by Lisa Froelings

United Arab Emirates (UAE) Central Bank Governor Mubarak Rashid al-Mansouri has issued a warning to the public against the use of virtual currencies as a medium...

10938 | 5

S&P Global Platts Launches Blockchain Network To Track Oil Data In UAE

FEB 22, 2018 | by Helen Partz

S&P Global Platts has started the deployment of its Fujairah Oil Industry Zone Blockchain network, bringing the ‘first’ DLT implementation to the energy sector.

18689 | 4

Dubai Police Chief: Digital Currency Will ‘Soon Replace’ Cash Despite Hurdles

SEP 17, 2018 | by William Suberg

A Dubai police chief has gone on record to forecast “electronic money” taking over from cash “soon,” local media report.

8237 | 5

Bahrain is Eyeing at Becoming Middle East Pioneer in Blockchain

OCT 01, 2017 | by Lisa Froelings

Bahrain wants to become a pioneer in the burgeoning fintech space according to Economic Development Board of Bahrain chief.

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UAE Securities Regulator to Introduce ICOs for Capital Markets in 2019

OCT 09, 2018 | by Marie Huillet

The United Arab Emirates’ national securities regulator plans to introduce ICOs for capital markets in 2019, having approved their regulation under securities l...

6003 | 3

Dubai To Launch Blockchain Marketplace For Tourism Industry ‘To Be 10 Years Ahead’

MAR 03, 2018 | by Molly Jane Zuckerman

Dubai will be launching a B2B virtual marketplace for the tourism industry by 2020, as part of the Dubai 10x initiative.

40333 | 3

Dubai Government-Backed Digital Currency Will Get Its Own Payment System

OCT 09, 2018 | by William Suberg

Dubai’s state-backed digital currency emcash will soon have its own payment system for goods, services, and other transactions.

8554 | 3

Chile Adopts Blockchain Technology For National Energy Grid

MAR 03, 2018 | by Aaron Wood

Chilean energy grid to adopt blockchain, security cited as the reason for the development.

43426 | 3

Banks and Cryptocurrencies Global Evaluation: The Middle East

JUN 14, 2018 | by Christina Georgacopoulos

It’s definitely more red than green.

16349 | 2

Abu Dhabi: Financial Services Authority Is Working On Cryptocurrency and ICO Regulations

FEB 12, 2018 | by Helen Partz

The financial regulator of Abu Dhabi Global Market (ADGM) said on Sunday that it is considering the development of its own set of cryptocurrency and ICO regulat...

24123 | 2

‘Halal Coins Only’: First Islamic Crypto Exchange to be Launched in 2019

OCT 30, 2018 | by Maria Yavuz

The exchange will be operating in “full compliance with the principles of Islamic finance.” A Shariah Advisory Board to decide which coins will be listed.

8441 | 1

United Arab Emirates Consider to Officially Recognize Bitcoin, Work on Regulatory Framework

FEB 20, 2017 | by Joseph Young

The government of the United Arab Emirates (UAE) and its Central Bank plan to provide a clear regulatory framework on the usability of Bitcoin and operations of...

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