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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

Kiklabb has become the first state-owned entity in the United Arab Emirates to accept cryptocurrency payments.

Dubai-based licensing company adopts cryptocurrency payments

Osato Avan-Nomayo

2021-02-16T13:50:26+00:00

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Bahrain-based crypto exchange CoinMENA acquired a major license ahead of its launch in several countries including the UAE and Saudi Arabia.

Bahrain central bank licenses Sharia-compliant crypto exchange

2021-01-25T10:11:03+00:00

11705

The Dubai Financial Services Authority is reportedly looking to introduce two crypto-related consultation papers as part of its business plan in 2021.

Dubai financial regulator working on regulations for cryptocurrencies

2021-01-19T10:13:53+00:00

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The joint report is among the most promising CBDC studies conducted by central bank authorities

UAE, Saudi Arabian central banks release report on Project Aber CBDC trial

2020-11-29T15:42:18+00:00

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The financial center in one of Dubai’s free-trade zones acts as an independent regulator with its own judicial system

Ripple opens regional office in Dubai following volatile Q3 for XRP

2020-11-08T21:14:02+00:00

17548

The UAE project will allow clients to trade tokenized sugar 24/7 without brokers, and fits into the Emirate Blockchain Strategy 2021's goals

Commodity trading gets sweeter with blockchain-based sugar exchange

2020-10-25T16:25:52+00:00

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Agriota E-Marketplace may give farmers in India more access to the UAE’s multi-billion dollar food industry.

Blockchain platform connects Indian farmers to UAE food industry

2020-09-01T07:20:00+01:00

10697

Blockchain firm HashCash plans to create a federated and sovereign digital identity architecture to be used in banking processes.

Blockchain Firm Says Banks Need DLT to Manage Identities Better

Adrian Zmudzinski

2020-08-12T11:46:00+01:00

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