News
The United Arab Emirates is debuting a blockchain-based Know Your Customer, or KYC, platform.
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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.
- News
A foreign resident of Abu Dhabi who was potentially facing jail time over an unpaid $100,000 loan received $27,400 in donations after his story spread.
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The Islamic Development Bank’s research organization has partnered with Blocko to build a blockchain credit management system.
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A foreign resident of Abu Dhabi is facing jail time after his crypto investments from a $100K loan in 2017 tanked and he can no longer afford the payments.
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The Saudi Arabian Monetary Authority has transferred funds to local banks using blockchain technology.
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Blockchain-based solution may help to contain the growing cases of COVID-19 across the UAE.
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As the UAE’s deadline for its nation-wide blockchain revamp looms, DLT is becoming embedded in everyday life.
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As Abu Dhabi rolls out regulatory framework for crypto assets, businesses are increasingly embracing distributed ledger technologies.
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In the wake of the coronavirus pandemic, a number of blockchain firms have stepped up their global relief efforts.
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Blockchain-based proposals from around the world are helping to quell the outbreak of COVID-19.
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DIFC and Mashreq Bank launch Blockchain KYC platform to support faster business registration in the UAE.
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Blockchain is becoming a hot topic, but is it being effectively implemented around the world?
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The Department of Economic Development of Dubai has established a KYC blockchain consortium with six major banks.
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The UAE'S health ministry’s new blockchain platform aims to improve the efficiency of smart health services in the country.
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The deployment of blockchain technology can save the United Arab Emirates more than $3 billion, new research shows.
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