A blockchain-enabled waste permit portal will be launched in Sharjah, United Arab Emirates.
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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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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A member of the Dubai royal family has backed a Liechtenstein-based cryptocurrency management firm, Invao
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Six commercial UAE and Saudi Arabian banks have joined a digital currency project meant for cross-border interbank transactions.
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The United Arab Emirates’ central bank and the Saudi Arabian Monetary Authority have announced details on the interbank digital currency they are co-developing.
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The United Arab Emirates and Saudi Arabia announced an agreement to cooperate on the creation of a cryptocurrency.
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Indian police have arrested an associate of a group accused of a $71.6 million crypto scam.
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by Ana Berman
The efforts of the UAE to introduce relevant crypto regulation will put the county at the forefront of the industry, experts say.
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The Securities and Commodities Authority of United Arab Emirates will introduce ICO regulation in the first half of next year.
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by Helen Partz
The Advisory Council of the United Arab Emirates Banks Federation discussed applying blockchain in its member banks to improve KYC processes.
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UAE Exchange has partnered with Ripple to launch blockchain-based cross-border remittances to Asia by Q1 2019.
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The United Arab Emirates and Saudi Arabia are jointly developing a digital currency meant for interbank transactions.
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A United Arab Emirates national oil company has successfully piloted a blockchain system for oil and gas production.
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