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UAE News

The UAE, or the United Arab Emirates, is a federal state composed of seven states located in the Near East. The UAE has a strong economy and currently is thirteenth in the world by GDP due to its oil production. In terms of Bitcoin, the UAE government created a legal framework in 2016 that has become the foundation for future cryptocurrency regulation. Despite these regulations prohibiting payment services from providing transactions in Bitcoin, the new law, in accordance with the Central Bank, can be interpreted differently, depending on certain situations. However, the country is a great platform for innovation. The UAE has recently accepted the UAE Blockchain Strategy in order to become one of the most advanced countries in the blockchain technology sphere.

Top News

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The UAE has announced two initiatives pertaining to blockchain and artificial intelligence in a bid to become a leading country in the new technologies.

UAE Presents Blockchain and AI Initiatives Following Annual Government Meeting

2018-11-28T22:39:00+00:00

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Al Hilal Bank has completed “the world’s first sukuk transaction” using blockchain technology.

Abu Dhabi Bank Reports ‘First’ Blockchain-based Transaction of ‘Sharia-Compliant Bonds’

2018-11-26T11:03:00+00:00

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The Abu Dhabi Securities Exchange has reportedly issued a thought paper on crypto and blockchain infrastructure for issuing digital assets.

Abu Dhabi Securities Exchange Issues Thought Paper on Crypto and Blockchain

2018-11-06T23:42:00+00:00

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The exchange will be operating in “full compliance with the principles of Islamic finance.” A Shariah Advisory Board to decide which coins will be listed.

‘Halal Coins Only’: First Islamic Crypto Exchange to be Launched in 2019

2018-10-30T09:35:00+00:00

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Dubai and the United Arab Emirates are making concerted efforts to be global leaders in blockchain adoption.

Dubai – the Blockchain Oasis of the UAE: From Public to Private Sector

Gareth Jenkinson

2018-10-18T17:50:00+01:00

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Dubai’s state-backed digital currency emcash will soon have its own payment system for goods, services, and other transactions.

Dubai Government-Backed Digital Currency Will Get Its Own Payment System

2018-10-09T11:51:00+01:00

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The United Arab Emirates’ national securities regulator plans to introduce ICOs for capital markets in 2019, having approved their regulation under securities l...

UAE Securities Regulator to Introduce ICOs for Capital Markets in 2019

2018-10-09T09:59:00+01:00

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Dubai Department of Finance has launched a blockchain-powered payment system geared towards government entities in collaboration with Smart Dubai Office.

Dubai Department of Finance Launches Blockchain-Based Payment System for UAE Gov’t

2018-09-23T20:53:00+01:00

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