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.
ConsenSys has officially launched a 12-week Ethereum Blockchain developer programme in full support of one million (1m) Arab Coders, a development by the Dubai Future Foundation, created to array and fully equip juvenile Arabs with coding skills and education.
On March 6, 2018, the management of the BitRent blockchain platform held a closed presentation for key investors and heads of the UAE construction departments. The event was named “BitRent Private Conference”.
The international project Boosteroid, which creates a cloud services platform, starts construction of a new data center in the free industrial zone of Georgia - the city of Kutaisi. This will be the second information processing center of the company, the first was launched in Ukraine in December 2017. The team will begin to prepare the space and order the components already at the end of January this year.