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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

As Dubai’s government aims to propel the largest number of blockchain use cases in the world, a DAG platform offering smart city infrastructure has come on boar...

‘Smart Dubai’ Initiative Receives a Boost as DAG Platform Comes On Board

Connor Blenkinsop

2019-07-17T20:17:00+01:00

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A large number of Gulf nations are embracing crypto with open arms as Ethereum explores partnership opportunities...

Middle East Blockchain Development Primed to Lead the Global Industry

2019-07-10T14:56:00+01:00

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São Paulo-based BTG Pactual bank has teamed up with Dalma Capital to sell over $1 billion worth of STOs through the Tezos blockchain.

Latin America’s Biggest Investment Bank to Sell $1 Billion in STOs Using Tezos

2019-07-04T18:00:00+01:00

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The Dubai Chamber of Commerce and Industry will promote blockchain trade solutions by the International Chamber of Commerce and Perlin.

Dubai Chamber of Commerce Signs MoU on Blockchain Trade Solutions

2019-07-01T18:47:00+01:00

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Facebook has removed ads for a bitcoin scam that claimed to have the approval of the crown prince of Abu Dhabi.

Facebook Removes Bitcoin Scam Ads With Abu Dhabi Crown Prince

2019-06-30T18:59:00+01:00

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UAE-based crypto asset exchange and custodian Arabian Bourse — a joint venture from GMEX Group and Arshad Khan — has received initial approval from local financ...

UAE-Based Crypto Exchange Seals Preliminary Approval From Regulators

2019-06-10T21:39:00+01:00

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The Dubai Land Department has partnered with Mashreq Bank to release a blockchain-based platform for recording and updating mortgage transactions.

Dubai Government and UAE Bank Unveil Blockchain-Based Mortgage Platform

2019-05-28T20:22:00+01:00

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The science and tech ministry of the South Korean government is going to run a study on blockchain regulations, looking at improvements needed for broader adopt...

South Korean Gov’t Announces Second Study Group for Blockchain Regulations

2019-05-22T22:45:00+01:00

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