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.
The United Arab Emirates has been cementing its presence in the digital asset industry recently with multiple efforts to further adopt blockchain-based technolo...
Dubai to benefit from expanding crypto market, Bittrex Global CEO says
As a part of the 2023-2026 strategy, CBUAE intends to be among the world's top 10 regulators.
UAE to experiment and launch an in-house digital currency
HSBC plans to improve the KYC process for local investors and corporate clients by leveraging blockchain technology.
HSBC becomes first foreign entity onboarded to Dubai’s KYC blockchain
3iQ launched its Bitcoin Fund trading on Nasdaq Dubai after receiving regulatory clearance for a dual listing in April.
Nasdaq Dubai rolls out trading for 3iQ’s Bitcoin Fund
The precious metals refined on the site will be tokenized and traded on the DMCC Gold Exchange platform.
DMCC strikes deal to build blockchain-based precious metals refinery in Dubai
The UAE government’s adoption of blockchain technology for its legal notary services builds on its ambitions to go completely digital.
UAE employs blockchain tech for remote litigation services
Dubai’s Department of Economic Development wants to accelerate the total adoption of UAE KYC — the national Know Your Customer standard running on blockchain te...
Dubai’s economic department to roll out blockchain-based corporate KYC