Tag "regulation"

Abu Dhabi Free Zone: Digital Bank Licensing Gains International Interest

Several firms from the United Arab Emirates (UAE), the broader Middle Eastern region, and Asia-Pacific, are looking to establish digital banks in Abu Dhabi’s financial free zone, said Richard Teng, chief executive of the Financial Services Regulatory Authority (FSRA), the

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DIFC Launches New License for Tech Startups and Entrepreneurs

The Dubai International Financial Centre (DIFC), a special economic zone in Dubai and a financial hub for the Middle East, Africa and South Asia (MEASA) markets, has launched a new license for startups, entrepreneurs and technology companies. The Dubai Innovation

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Saudi Arabia: Green Light To Test Robo-Advisory Service

Saudi Arabia’s capital markets watchdog has granted Haseed Investing Company and Wahed Capital a Fintech ExPermit, allowing the two companies to test their robo-advisory services, the Capital Market Authority (CMA) of Saudi Arabia informed. With the permit in hand, the

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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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United Arab Emirates: Scrutinizing ICOs Regulations

Not only United Arab Emirates (UAE) have beeen recently scrutinizing this new financing mechanism, but they have as well recognized sold tokens as securities. Will this further step be the right one for the cryptosphere based in these new dynamic

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Fintech UAE Startup Report and Map

The United Arab Emirates (UAE) is poised to become a fintech nexus in the Middle East, aided by government agencies and regulators working together to turn the country into a global fintech powerhouse, according to a new report. These are

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