Qatar Financial News

Qatar needs to make some “major improvements,” on how it responds to terrorist financing, according to a global money laundering and terrorist financing watchdog.

Despite a «wild year» of scandal and failure in 2022 when the FTX exchange and a number of crypto dealers collapsed, Peter Smith, chief executive of London-based Blockchain.com, told the Qatar Economic Forum that there is now «real growth» in the crypto community. Smith, who said nearly a decade as head of Blockchain.com had left him with «no nerve endings», told how other countries were taking advantage of the void left by the US where some regulators were «openly negative about crypto». While some US legislators want to see rules for a cryptocurrency market, regulators there have taken a tough line because of fears of money laundering and scams such as the FTX collapse. Former FTX chief Sam Bankman-Fried is due to go on trial in New York in October.

Singapore-based investment firm Whampoa Group aims to open a digital bank in Bahrain to offer payment and settlement services for crypto firms. 

Disclaimer: The text below is a press release that is not part of  Cryptonews.com  editorial content.

The non-fungible token (NFT) sector has had a tough year thanks to a slump in sales brought on by the cryptocurrency bear market. Despite that, there still are some collections that saw big gains, like the Reddit World Cup collectibles, for instance. The following projects are worth keeping an eye on for December.

The European Parliament will review undeclared trips from lawmakers and pieces of legislation that might have been unduly influenced as a result of the alleged cash-for-favours scheme that has unleashed a political storm across Brussels and beyond, President Roberta Metsola has said.

The European Parliament moved to lift the immunity of two MEPs on Monday, amid a major corruption scandal that has sent shockwaves through Brussels. 

Greek MEP Eva Kaili is to be held in detention for another month, after after a ruling by a court in Belgium. 

Argentina’s World Cup triumph in Qatar is already bearing fruit for its national football association through a new metaverse partnership.

Transport for London has rejected at least four adverts from Middle Eastern states after a crackdown on marketing from countries with questionable human rights records.

The lawyer of MEP Eva Kaili on Wednesday claimed her innocence in the so-called Qatargate corruption case that has shaken the European Parliament.

Russia's full-scale invasion in Ukraine "only had losers so far", Hungary's prime minister said on Wednesday, stating that "both sides and the European economy" have all taken a hit from Moscow's aggression and using the opportunity to blast Brussels for the sanctions once again.

Disclaimer: The text below is a press release that is not part of Cryptonews.com editorial content.

The Iran nuclear deal "is dead", US President Joe Biden has said in footage widely circulated on social media. 

Consumption of natural gas in the European Union dropped by a fifth in the months leading to winter compared to the same period over the previous five years, according to Eurostat.

Volodymyr Zelenskyy, the President of Ukraine, on Tuesday visited Bakhmut, which has been at the epicentre of fierce fighting in recent weeks. 

A suspect in the major corruption scandal rocking the European Union's parliament could be handed over to Belgium, an Italian court ruled.

Jurors in Los Angeles on Monday found Harvey Weinstein guilty of the rape and sexual assault of just one of the four accusers he was charged with abusing.

After months of political bickering that has seen a dizzying succession of draft proposals, joint letters, emergency meetings and increasingly exasperated statements, the European Union on Monday approved the first-ever cap on gas prices.

Dutch Prime Minister Mark Rutte apologised on Monday on behalf of his government for the Netherlands’ historical role in slavery and the slave trade.

The arrest of European Parliamentarian and cryptocurrency proponent Eva Kaili has been labeled as a blow to the ecosystem by prominent blockchain industry participants.