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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

Is Dogecoin set to follow Shiba Inu’s (SHIB) 400% breakout?

'Much ow' ahead? Dogecoin chart fractal puts Shiba Inu's 390% QTD rally in danger

Shiba Inu rebounds 40% despite major selling by SHIB whales

One currency to rule them all: Facebook’s Diem has global ambitions

Shiba Inu is now a top-20 cryptocurrency with SHIB price soaring 300% in 9 days

A senior finance official has said Abu Dhabi would like to see comprehensive international regulation of the cryptocurrency arena.

Abu Dhabi Regulator Calls for International Cryptocurrency Regulation Effort

2018-09-19T17:50:00+01:00

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A Dubai police chief has gone on record to forecast “electronic money” taking over from cash “soon,” local media report.

Dubai Police Chief: Digital Currency Will ‘Soon Replace’ Cash Despite Hurdles

2018-09-17T14:50:00+01:00

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The United Arab Emirates’ fintech and ICO regulation agreed upon in July will shortly become law, local media report.

Unconfirmed: UAE Preparing to Adopt Formal ICO, Fintech Regulations, Local Media Report

2018-09-11T20:47:00+01:00

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The UAE’s utopian blockchain plans, Palestine’s national cryptocurrency plans and more.

From Qatar to Palestine: How Cryptocurrencies Are Regulated in the Middle East

2018-09-09T21:35:00+01:00

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Iran-based ransomware that demands crypto payments will further escalate amid the current geopolitical fallout, according to Accenture’s new report.

Iranian Crypto Ransomware Threat Will Rise in Today’s Geopolitical Climate, Report Predicts

2018-08-08T13:42:00+01:00

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The Dubai International Financial Centre Courts and Smart Dubai have partnered to develop a “Court of the Blockchain” that would harness the tech for the judici...

Smart Dubai and DIFC Courts Partner to Explore Blockchain-Powered Judiciary

2018-07-30T17:07:00+01:00

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It’s definitely more red than green.

Banks and Cryptocurrencies Global Evaluation: The Middle East

Christina Georgacopoulos

2018-06-14T11:21:00+01:00

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The National Bank of Dubai is rolling out its ‘Cheque Chain’ system after successful testing, to prevent check-related fraud.

Major UAE Bank Implements Blockchain Tech To Prevent Check Fraud

2018-04-23T09:18:00+01:00

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