UAE-based crypto asset exchange and custodian Arabian Bourse — a joint venture from GMEX Group and Arshad Khan — has received initial approval from local financ...
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.
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BitOasis has reportedly secured preliminary approval with the Financial Services Regulatory Authority of the Abu Dhabi Global Market.
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by Thomas Simms
More than 25% of the funds raised so far in 2019 have come from the United Arab Emirates.
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Dr. Olumuyiwa Benard Aliu said that blockchain technology could offer tremendous benefits across global aviation systems.
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The platform has received the seal of approval from Smart Dubai, the government organization in charge of transforming state-level services by 2021.
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The three-day UAE event will cover applications of the technology throughout the industry, organizers say.
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The United Arab Emirates Banks Federation and the Abu Dhabi Global Market hosted a joint forum on crypto assets and fintech.
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Dubai-based real estate giant Emaar will launch an ERC-20 token developed by Swiss blockchain startup Lykke.
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by Helen Partz
Emaar Properties, the developer of the world’s tallest building, Burj Khalifa, has officially denied that it enabled crypto payments for property.
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A blockchain-enabled waste permit portal will be launched in Sharjah, United Arab Emirates.
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Together with Nvelop, South Korean exchange Bithumb plans to launch a regulated platform this year, according to local reports.
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by Ana Berman
Finablr, a major payments and foreign exchange firm based in UAE, joins RippleNet to launch cross-border payments with Thailand.
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The UAE Ministry of Finance will hold two closed sessions devoted to global financial trends, including the development of blockchain and digital currencies.
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