Middle East Archives

UAE leverages blockchain to launch national carbon credit system ahead of COP28

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13 August, 2023

UAE leverages blockchain to launch national carbon credit system ahead of COP28

UAE’s MoCCAE, Industrial Innovation Group, and Venom Foundation will lead the carbon credits on the blockchain, improving the issuance and...

Oman moves closer to finalizing digital asset framework

Business

Wahid Pessarlay

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13 August, 2023

Oman moves closer to finalizing digital asset framework

The CMA is urging feedback from the public until August 17 about the proposed digital asset framework centered on regulating...

Hong Kong, Saudi Arabia team up for tokenization and payments research

Business

Wahid Pessarlay

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6 August, 2023

Hong Kong, Saudi Arabia team up for tokenization and payments research

The Hong Kong and Saudi Arabia central banks signed an MoU to study financial innovation to benefit their local economies,...

Kuwait issues blanket ban on digital currency transactions

Business

Wahid Pessarlay

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25 July, 2023

Kuwait issues blanket ban on digital currency transactions

The digital currency transaction ban is the government’s latest attempt to crack down on money laundering rings operating in Kuwait.

BitOasis license in Dubai suspended over non-compliance

Business

Wahid Pessarlay

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13 July, 2023

BitOasis license in Dubai suspended over non-compliance

Dubai's VARA announced on July 10 that the conditional license issued to BitOasis will remain "non-operational" until the exchange regularizes...

UAE is betting big on block reward mining: report

Tech

Steve Kaaru

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12 July, 2023

UAE is betting big on block reward mining: report

The United Arab Emirates reportedly accounts for 4% of the global BTC hash rate, with Abu Dhabi leading the emirates...

Dubai VARA releases schedule of fees for digital asset-related activities

Business

Wahid Pessarlay

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4 July, 2023

Dubai VARA releases schedule of fees for digital asset-related activities

Proprietary traders of digital currencies looking to operate in Dubai will be required to possess a no-objection certificate (NOC), according...

OKX receives ‘preparatory’ license from Dubai’s VARA after Canada exit

Business

Wahid Pessarlay

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19 June, 2023

OKX receives ‘preparatory’ license from Dubai’s VARA after Canada exit

The Dubai Virtual Assets Regulatory Authority license lays the foundation for OKX to obtain a full-scale license in the coming...

Like Hong Kong, UAE wants to become digital currency capital of the world too

Business

Wahid Pessarlay

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17 June, 2023

Like Hong Kong, UAE wants to become digital currency capital of the world too

The ambitious plan will see the United Arab Emirates moving 50% of all government transactions to the blockchain, a clear...

Standard Chartered launches digital currency custody services in Dubai

Business

Wahid Pessarlay

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19 May, 2023

Standard Chartered launches digital currency custody services in Dubai

Standard Chartered's latest plans were contained in an MoU signed with the Dubai International Financial Centre that will see a...

Marathon to launch Middle East’s first large-scale BTC mining operation

Tech

Steve Kaaru

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11 May, 2023

Marathon to launch Middle East’s first large-scale BTC mining operation

First announced in January, the operation is a joint venture between Marathon and Zero Two, a Web3 company launched in...

3AC founders draw ire of Dubai regulator over new project

Business

Wahid Pessarlay

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4 May, 2023

3AC founders draw ire of Dubai regulator over new project

VARA notes that OPNX crossed its radar in February when the project began collecting personal data from customers, and in...

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