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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.

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“Our aim is to build the largest and most trusted cryptocurrency platform in the region,” BitOasis CEO Ola Doudin said.

UAE crypto exchange BitOasis raises $30M to expand in MENA

2021-10-06T12:40:56+01:00

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A new study from Hong Kong regulators is expected to present initial thoughts and findings on CBDCs during the summer of 2022.

Hong Kong exploring CBDC as part of fintech strategy

2021-10-04T12:05:30+01:00

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BitOasis has partnered with the Dubai Police Force to establish safety regulations around crypto investments in the region, according to the exchange’s CEO.

BitOasis crypto exchange to help Dubai Police spread fraud awareness

2021-10-04T11:39:06+01:00

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Dubai authorities continue driving more adoption to the cryptocurrency industry by pushing more regulatory approvals.

UAE regulators approve crypto trading in Dubai free zone

2021-09-23T11:05:40+01:00

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The United Arab Emirates has been cementing its presence in the digital asset industry recently with multiple efforts to further adopt blockchain-based technolo...

Dubai to benefit from expanding crypto market, Bittrex Global CEO says

2021-08-30T13:37:57+01:00

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As a part of the 2023-2026 strategy, CBUAE intends to be among the world's top 10 regulators.

UAE to experiment and launch an in-house digital currency

2021-07-12T17:00:00+01:00

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HSBC plans to improve the KYC process for local investors and corporate clients by leveraging blockchain technology.

HSBC becomes first foreign entity onboarded to Dubai’s KYC blockchain

2021-06-30T05:52:18+01:00

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3iQ launched its Bitcoin Fund trading on Nasdaq Dubai after receiving regulatory clearance for a dual listing in April.

Nasdaq Dubai rolls out trading for 3iQ’s Bitcoin Fund

2021-06-23T10:01:04+01:00

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