UAE

While Western regulators debate the environmental impact of Proof-of-Work, the United Arab Emirates has quietly emerged as a global Bitcoin mining powerhouse.

The global trading and investing platform eToro announced a significant expansion of its services in the United Arab Emirates (UAE), a region rapidly emerging as a financial technology hub.

Governments are doing everything they can to combat money laundering (ML) and crimes related to cryptocurrencies. The UAE police have planned to use Artificial Intelligence (AI) and Blockchain to track crypto money laundering and prevent other types of crimes related to digital currencies.

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.

Fantom Foundation is pleased to announce their partnership with The Private Office of Sheikh Saeed bin Ahmed Al Maktoum. This partnership will see Fantom Foundation establish an operational presence in Dubai.

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.

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.