Tag "cryptocurrency"
Binance’s Legal Woes Intensify
Regulators are turning up the heat on the world’s largest cryptocurrency exchange, slamming Binance, its US-based affiliate and its founder with a new lawsuit. The move is the latest development in an industry-wide crackdown that has seen regulators clamp down
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UAE Emerges as Crypto Powerhouse in MENA, Home to 1,800+ Industry Stakeholders
The United Arab Emirates (UAE) is home to one of the largest cryptocurrency hubs in the Middle East and North Africa (MENA), an expansive ecosystem which, as of March 2023, comprised more than 1,800 industry organizations encompassing crypto projects and
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Dubai New Virtual Assets Framework Aims to Establish Emirate as Global Blockchain, Crypto Leader
The government of Dubai has released its Virtual Assets and Related Activities Regulations 2023, a new set of rules targeting digital asset activities. The regulations are part of an ongoing effort to establish the emirate as a world leading hub
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The UAE’s Fast-Expanding Crypto, Blockchain Ecosystem Now Comprises 1400+ Stakeholders
The United Arab Emirates (UAE) has one of the fastest-growing cryptocurrency ecosystems in the world, home today to over 1,400 industry stakeholders comprising startups, professional services firms, academia and government offices that employ more than 7,000 people, a new report
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New Virtual Asset Regulation, Licensing Framework Coming to Dubai Free Zone
As investment and trading activity in virtual and digital assets continue to grow in the Middle East, economic zone financial regulator, the Dubai Financial Services Authority (DFSA), is looking to introduce new regulation for the asset class as well as
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How to Buy Cryptocurrencies in the UAE
The cryptocurrency market has had a wild year. Market capitalization jumped 750% between January 2020 and February 2021 to reach an all-time high of US$1.7 trillion. In this timeframe, the price of bitcoin surged more than 600% to surpass 57,000
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After Banning Crypto Saudi Arabia Plans Central Bank Digital Currency
After banning the trading of cryptocurrencies, Saudi Arabia is now developing a blockchain-based digital currency in collaboration with the United Arab Emirates (UAE). The central banks of the two countries are planning to run a pilot of a shared digital
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Where to Buy Cryptocurrencies in the UAE
Since the launch of the Bitcoin network in 2009, cryptocurrencies have evolved into a multi-billion-dollar industry. With around 12,000 exchange marketplaces where cryptocurrencies such as bitcoin, ether and others are traded, according to cybersecurity company Carbon Black, the cryptocurrency market
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5 Blockchain Startups in the UAE to Watch Closely
The United Arab Emirates (UAE) is making strides to become a leader in blockchain technology enriching the blockchain UAE scene with vibrant projects. The Dubai government is currently working with 20 blockchain projects and has made partnerships with IBM and
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Iran’s Central Bank: Cryptocurrency Ban May Be Lifted In September
A national draft project is aiming at introducing a state-backed digital currency. Iran’s Central Bank deputy for innovative technologies, Nasser Hakimi, advances the regulatory apparatus should be finalized within one month. Ban crypto or create crypto? A previous post already
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