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Tech enthusiast, Barbados CBDC pioneer, Co-Founder and CEO of Bitt Inc. Gabriel Abed has just become the Ambassador of Barbados to the United Arab Emirates (UAE). Will his concrete background in cryptocurrency and blockchain technology make the UAE and the Middle East and North Africa (MENA) region a hub for crypto and blockchain technology?

The United Arab Emirates (UAE) government is considering using futuristic technologies including blockchain or distributed ledger technology (DLT) in more than half of its operations in the near future.

The United Arab Emirates (UAE) Securities & Commodities Authority (SCA), a regulatory body, has officially approved Initial Coin Offerings (ICOs) tokens as securities and a full framework is expected to be revealed in mid-2019, Arabian Business and TheNational.ae, a local news outlet, reported.

It’s now officially confirmed that UAE and Saudi Arabia will collaborate and work on a cross-border cryptocurrency, though the actual date and time when this will be done is not known. The crypto is strictly targeting banks not clients.

November 26th 2018, Dubai: The UNLOCK Company DMCC, a platform that provides information, intelligence, insights and news pertaining to the Blockchain sector, is holding its second series of the UNLOCK Blockchain Forum in Dubai UAE on Jan 15-16 2019 at the Ritz Carlton Hotel, DIFC.

The UAE government has taken a significant step in understanding the general principles on which the fintech is based. Last Sunday, the UAE Securities and Commodities Authority (SCA) officially agreed to regulate ICOs and recognize tokens as securities for the welfare of the nation.

Emirates Islamic will become the first Islamic bank in the UAE to integrate Blockchain technology into its cheques.

The UAE and Kimberley Process is to use Blockchain technology to fight “blood diamonds” trading on the world market.

The capital of modern engineering wonders in UAE announced the launch a new program "Dubai Future Accelerators" as part of the Dubai Future Agenda.