County Gulf Financial News

Thailand-based Gulf Energy has made strategic investments in cryptocurrency exchange Binance US and signaled its pursuit of a joint venture with the global Binance exchange as part of a targeted effort to gain exposure to the digital asset market. 

The deputy chair of Russia's security council has said the country would have to reinforce its forces in the Baltic Sea if Finland or Sweden were to join the North Atlantic Treaty Organisation (NATO).

Cryptocurrency exchange Binance has obtained a provisional green light from Abu Dhabi regulators, deepening its expansion in the Middle East.

Major crypto exchange Binance won a battle in court on Thursday.

Cryptocurrencies traded in the red early on April 1. The global crypto market cap is $2.05 trillion, a 4.88 percent decrease over the last day. The total crypto market volume over the last 24 hours is $131.94 billion, which makes a 16.84 percent increase.

Binance, the largest crypto exchange by trading volume, is recruiting over 100 positions in the United Arab Emirates (UAE) and is helping to shape Dubai's new virtual assets' regulations, its regional head said.

Binance steps up hiring, activity in crypto hub Dubai

Dubai's new crypto regulator brings UAE firm BitOasis under its wing

US Secretary of State Antony Blinken has promised Washington will work alongside its allies to stop Iran from producing nuclear weapons.

Last week got off to an antsy start as the clause that many interpreted as a direct route to ban proof-of-work-(PoW)-based cryptocurrencies made a sudden comeback to the draft of the European Union’s key directive on digital assets. Many in the crypto policy space got immediate flashbacks to other instances of harmful last-minute additions to must-pass legislation days and hours before the vote. It all ended well, though, as the Committee on Economic and Monetary Affairs voted against the draft that contained the hostile language. Over in the United States, monetary policy kept growing more political, as evidenced by Sarah Bloom Raskin, President Joe Biden’s pick for the Federal Reserve’s vice chair for supervision, being forced to withdraw her nomination due to a Senate gridlock. Ukrainian President Volodymyr Zelenskyy took time off urgent matters of national defense to sign a bill granting digital assets legal status into law. Other big narratives of the week included crypto platforms’ expansion into the Gulf region, a slew of crypto-related statements and actions by members of the U.S. Congress and some favorable policy developments in Australia.

Dubai last week adopted its first law governing virtual assets.

cryptocurrency exchange Binance has been given a crypto-asset service provider licence by Bahrain's central bank, its first such licence in the Gulf Cooperation Council (GCC), the company and the bank said on Tuesday. «The licence from Bahrain is a milestone in our journey to being fully licensed and regulated around the world,» said Binance Chief Executive Officer CEO Changpeng Zhao in a joint statement with Bahraini authorities. The regulatory requirements will «protect users with strong anti-money laundering and counter-terrorism financing policies,» he added.

Major exchanges are intensifying their efforts to gain a foothold in the Arab Gulf States, and the regulators there seem to be more welcoming these days -- specifically, Binancehas secured a license to operate as a cryptoasset service provider in Bahrain, while its rival FTX recently received a digital asset exchange license in the United Arab Emirates.

KAMPALA, Uganda—Before dawn on a recent Tuesday morning, Prosy Komukama lined up outside a labor agency in Kampala, hoping to join a growing exodus of Ugandans seeking work in the wealthy Gulf states of the Middle East to escape the spiraling cost of living.

A 4-bedroom property was sold as non-fungible token for 210 Ether in Florida, United States