The world’s thirteenth largest sovereign wealth fund, Abu Dhabi-based Mubadala Investment Capital, has made an investment in cryptocurrency exchange MidChains.
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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Etihad Airways has partnered with blockchain-based platform Winding Tree to explore how blockchain can aid in products distribution excluding third parties.
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by Helen Partz
Skepticism to crypto in Islamic countries is not a pure rejection, but a result of uncertainty, according to an Islamic finance expert.
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As Dubai’s government aims to propel the largest number of blockchain use cases in the world, a DAG platform offering smart city infrastructure has come on boar...
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A large number of Gulf nations are embracing crypto with open arms as Ethereum explores partnership opportunities...
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by Helen Partz
São Paulo-based BTG Pactual bank has teamed up with Dalma Capital to sell over $1 billion worth of STOs through the Tezos blockchain.
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by Helen Partz
The Dubai Chamber of Commerce and Industry will promote blockchain trade solutions by the International Chamber of Commerce and Perlin.
- News
by Aaron Wood
Facebook has removed ads for a bitcoin scam that claimed to have the approval of the crown prince of Abu Dhabi.
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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...
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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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