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.
Blockchain-based solution may help to contain the growing cases of COVID-19 across the UAE.
UAE Startup Relies on Blockchain Technology to Flatten COVID-19 Curve
As the UAE’s deadline for its nation-wide blockchain revamp looms, DLT is becoming embedded in everyday life.
UAE’s DLT Overhaul on Track to Bring Blockchain to Daily Life by 2021
As Abu Dhabi rolls out regulatory framework for crypto assets, businesses are increasingly embracing distributed ledger technologies.
Blockchain Acceptance Could Revolutionize Finance in Abu Dhabi
In the wake of the coronavirus pandemic, a number of blockchain firms have stepped up their global relief efforts.
Global Crypto Community Comes Out in Full Force Against Coronavirus
Blockchain-based proposals from around the world are helping to quell the outbreak of COVID-19.
Blockchain Tech Leads the Charge in UAE’s Coronavirus Fight
DIFC and Mashreq Bank launch Blockchain KYC platform to support faster business registration in the UAE.
Dubai Welcomes Global Businesses With First Blockchain KYC Platform
Blockchain is becoming a hot topic, but is it being effectively implemented around the world?
The State of Blockchain: Experts Weigh in on Adoption Around the World