Cryptocurrency Analysis and News Portal
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 and Commodities Authority (SCA) to support the
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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 and expenditure spent by the UAE’s
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The central banks of Saudi Arabia and the United Arab Emirates (UAE) have concluded a digital currency (CBDC) pilot, finding that distributed ledger technology can improve cross-border transactions and meet the demands of financial privacy in a purely digital context. In a 93-page overview of the “Aber” project, the two central
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Central banks from two of the most powerful economies in the Middle East released today a report on a yearlong joint central bank digital currency (CBDC) project — and results speak glowingly of blockchain technology. First announced in January of 2019, Project Aber was a joint effort between the United Arab
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UAE-based startup incubator, in5, is helping to design blockchain-based methods to contain the COVID-19 pandemic in the country and thus flatten the curve.According to a report published on May 20, Liber Health, supported by in5, is one of the platforms used for patient identification supported by blockchain technology. They are
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United Arab Emirates-based retail and business bank, RAKBank, is expanding its remittance routes using Ripple's blockchain technology.Ripple, which provides distributed ledger payments products for financial institutions, was selected to help the UAE's 9th largest bank provide quick cross-border payments in a new Bangladeshi corridor.A partnership, announced Sunday, between Bangladesh-based Bank
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The UAE's Ministry of Health and Prevention (MoHAP) together with the Ministry of Presidential Affairs, Dubai Healthcare City and other relevant authorities has launched a blockchain-based health data storage platform.According to The Emirates News Agency on Feb. 2, the blockchain-based platform aims to improve the efficiency of MoHAP and
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The new platform forms part of a wider plan to incorporate artificial intelligence technologies into 100% of all health servicesThe UAE’s Ministry of Health and Prevention (MoHAP) has teamed up with the Ministry of Presidential Affairs, Dubai Healthcare City and a number of other entities to launch a blockchain-based digital
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The Securities and Commodities Authority (SCA) in the United Arab Emirates has drafted a resolution on regulating crypto assets, providing greater clarity for crypto-related projects in the Middle East nation.With the focus usually on China, Japan or the United States, the Middle East is an area that doesn't often
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The United Arab Emirates’ (UAE) Securities and Commodities Authority (SCA) has published draft regulations for crypto assets.Seeking feedback from the industryAccording to an official statement from Oct. 15, the SCA will be collecting public feedback on the draft regulations until Oct. 29 before providing the final drafted legislation regarding
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