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“# BitOasis crypto exchange to help Dubai Police spread fraud awareness ” BitOasis, a cryptocurrency exchange from the United Arab Emirates, has partnered with the Dubai Police Force to raise awareness about frauds related to crypto investment and trades. The exchange’s partnership with the Dubai Police is intended to help build regulations that will make…
“# UAE regulators approve crypto trading in Dubai free zone ” Financial regulators in the United Arab Emirates have reached an arrangement to officially allow and support cryptocurrency trading in an economic free zone in Dubai. The Dubai World Trade Centre Authority (DWTCA) announced Sept. 22 that it signed an agreement with the UAE’s Securities…
“# Dubai to benefit from expanding crypto market, Bittrex Global CEO says ” The United Arab Emirates (UAE) and Dubai are among the friendliest jurisdictions for the cryptocurrency industry, according to Stephen Stonberg, CEO of Bittrex Global crypto exchange. Dubai is likely to benefit from the expanding crypto market in the Middle East as local regulators…
“# HSBC becomes first foreign entity onboarded to Dubai’s KYC blockchain ” Global banking giant HSBC has announced that it has been successfully onboarded to the regional Know-Your-Customer (KYC)-focused private blockchain backed by Dubai’s government. HSBC is the first overseas, and fourth founding member, to go live on the “UAE KYC Blockchain Platform,” which was…
“# Nasdaq Dubai rolls out trading for 3iQ’s Bitcoin Fund ” Canada’s largest digital asset investment fund manager, 3iQ, is expanding its reach to global investors by listing its public Bitcoin (BTC) fund on a major market in the Middle East. 3iQ rolled out its Bitcoin Fund (QBTC) for trading on Nasdaq Dubai, according to an…
“# DMCC strikes deal to build blockchain-based precious metals refinery in Dubai ” Dubai Multi Commodities Centre — a free trade zone established by the Dubai Government — has signed a sale and purchase agreement with REIT Development to construct a 100,000 square foot precious metals refinery. According to a DMCC release on Wednesday, the…
“# UAE employs blockchain tech for remote litigation services ” The government of the United Arab Emirates will employ blockchain technology for use in its judicial notarization and authentication services, it announced on April 19, according to the Emirates News Agency. The adoption of blockchain tech is expected to cut down on the time, effort…
“# Dubai’s economic department to roll out blockchain-based corporate KYC ” Dubai’s Department of Economic Development, or “Dubai Economy,” and the Dubai International Financial Centre are working to expand their KYC platform to financial institutions across the United Arab Emirates. The DIFC made the planned project expansion known via an announcement published on its website on April…
“# UAE minister of economy: Crypto & tokenization “key” to doubling GDP ” At a panel for the World Economic Forum’s Global Technology Governance Summit today, United Arab Emirates minister of economy Abdulla Bin Touq Al Marri said that cryptocurrency and asset tokenization will be key to the country’s plans to double its economy —…
“# Sands of change: UAE enables private sector to adopt blockchain tech ” It is no secret that the United Arab Emirates, along with Switzerland, Singapore and several other countries, is one of the most forward-looking tech nations in the world, with the Middle Eastern powerhouse promoting the use of blockchain in almost every sector…