Bitcoin Blockchain and Cryptocurrency News Center
Blocko, a South Korean blockchain provider, launched in the United Arab Emirates after securing $16 million in funding, the CoinTelegraph announced on October 3. Building full-scale enterprise blockchain solutions On Oct. 2, Middle Eastern business publication Arabian Business reported that Blocko has partnered with SEED Group, a member of the Private Office of Sheikh Saeed bin Ahmed […]
The United Arab Emirates Banks Federation (UBF) and the Abu Dhabi Global Market (ADGM) hosted a joint forum on crypto assets and fintech, the UAE’s official news outlet Emirates News Agency reported on March 17. Per the report, the event was held in ADGM in collaboration with the UBF Compliance Committee and aimed to bring together industry specialists […]
The central banks of Saudi Arabia and the United Arab Emirates (UAE) have jointly launched a digital currency trial, the CoinDesk reported. The Saudi Arabian Monetary Authority (SAMA) and the Central Bank of the UAE jointly announced Tuesday that the project is aimed to facilitate blockchain-based financial settlements between the two countries. While the central remittance […]
The United Arab Emirates (UAE) and Saudi Arabia have announced an agreement to cooperate on the creation of a cryptocurrency, UAE official news agency Emirate News Agency reports on Jan. 19. According to the report, the Executive Committee of the Saudi-Emirati Coordination Council has held a meeting in UAE capital Abu Dhabi, with 16 members in total from both countries, […]
The United Arab Emirates (UAE) is looking to join the list of leading destinations for blockchain-related businesses in 2019 due to promising new crypto legislation. Experts commented on the situation to the UAE’s daily newspaper The National on Monday, Dec. 24. As the UAE has announced a new legal framework for initial coin offerings (ICO) and hinted about possible regulation for crypto […]
Abu Dhabi-headquartered Al Hilal Bank has carried a blockchain-based transaction for an Islamic bond worth $500 million, the CoinDesk reported on November 27. The bank, an investment arm of the Abu Dhabi government, announced Monday that it settled the Islamic, shariah-compliant bond, or sukuk, worth $500 million on the secondary market, using blockchain tech. The bond is […]
The Dubai Department of Finance (DoF) has partnered with the Smart Dubai Office (SDO) to launch a blockchain-powered payment system. The news was reported on by a local news site Zawya, September 23. The new platform, called “Payment Reconciliation and Settlement,” was officially launched Sunday, September 23. It is reportedly geared towards government entities, such as the Dubai Police, Roads and Transport […]