Middle east Financial News

26.09 / 17:45

Blockchain Payments Tokens Middle east Cross-border Bahrain’s Bank ABC using JPMorgan’s Onyx blockchain for cross-border payments

Bahrain-based Bank ABC will use JPMorgan’s Onyx Coin Systems for blockchain-based cross-border payments in a soft, or limited, launch. The new service will be more cost effective and reduce settlement times relative to traditional solutions.

29.11 / 19:47

Stablecoin regulation Bitcoin Regulation Paxos Middle east Paxos receives in-principle approval to issue stablecoins in Abu Dhabi

Crypto firm Paxos has secured in-principle approval from Abu Dhabi’s regulator on two fronts: to issue stablecoins and conduct digital asset services.

29.11 / 13:39

business Blockchain Adoption IOTA Internet of Things DLT Middle east IOTA launches $100 million Abu Dhabi foundation for Middle East expansion

The open-source blockchain developer IOTA announced on Nov. 29 that it is launching a foundation, the IOTA Ecosystem DLT Foundation, based in Abu Dhabi to focus on the growth of its distributed ledger technology (DLT) in the Middle East region.

23.11 / 17:29

Ethereum USDT Gaming Africa USDC Middle east Bitcoin Today in Crypto: Matr1x Gaming Platform Raises $10 Million, Bybit’s Portfolio Margin Mode Gets Spot Trading Capabilities, MapMetrics Expands to Peaq Blockchain

Get your daily, bite-sized digest of crypto and blockchain-related news – investigating the stories flying under the radar of today’s news. __________

02.11 / 10:37

Web3 Middle east ABU DHABI Abu Dhabi Global Market Unveils New Regulations for Web3 Firms

Abu Dhabi seeks to beef up its web3 landscape with new guidelines for blockchain-based firms as its crypto hub is projected to grow in the coming months.

30.10 / 13:55

Law Adoption us government Middle east Terrorist fundraising: Is crypto really to blame?

The ghastly events of this past month raise again some troubling questions: Does crypto have a terrorist fundraising problem? Are its networks really being exploited by terrorists to wreak global havoc? If so, what must it do better?

30.10 / 11:33

business Adoption Web3 Middle east Saudi’s NEOM partners with Animoca Brands for regional Web3 development

Web3 games developer Animoca Brands and Saudi Arabia’s NEOM Investment Fund announced a new partnership on Oct. 30 to drive Web3 development in the region.

25.10 / 02:11

regulation Analysis Opinion Congress Senate Middle east Elizabeth Warren uses Hamas as her newest scapegoat in war on crypto

Massachusetts Sen. Elizabeth Warren is at it again. With mainstream press outlets including Germany’s Deutsche Welle running sensationalist headlines — “How cryptocurrency fueled Hamas’ terrorist attack” — Warren is using Hamas’ attack on Israel to fuel her own war on cryptocurrency.

19.10 / 12:39

business Adoption Web3 Digital Asset Middle east UAE emirate launches new free zone for digital assets, Web3 and AI

Ras Al Khaimah ruler Sheikh Mohammed bin Saud bin Saqr Al Qasimi inaugurated the new RAK Digital Assets Oasis (RAK DAO), an economic free zone dedicated to supporting companies involved in digital and virtual assets, blockchain, Web3 and artificial intelligence (AI) on Oct. 19.

18.10 / 11:05

Adoption Binance regulation Middle east Dubai industry growth regulatory Middle East regulatory clarity drives crypto industry growth — Binance FZE head

Major cryptocurrency exchanges and businesses are being lured to a proverbial crypto oasis around the Persian Gulf, according to Binance FZE’s general manager.

18.10 / 03:57

business Adoption SEC coinbase Middle east shares Coinbase lobbying efforts face setback from Hamas’ crypto use: Berenberg analysts

The use of cryptocurrency by Hamas militants to fund recent attacks on Israel may have set back Coinbase’s crypto lobbying efforts in the United States, says a new investment report from Berenberg Capital Markets.

17.10 / 14:33

Asia companies Middle east St James's Place place St James's Place keeps exit fees for Asia and Middle East products amid sweeping UK overhaul

The firm further confirmed that there would be no changes to these international products, which would continue to have the early withdrawal charges and were subject to the local regulatory rules.

12.09 / 14:05

business Binance Middle east Binance Coin Binance pledges $3M in BNB to Morocco earthquake victims

Cryptocurrency exchange Binance has pledged millions of dollars in BNB (BNB) as aid relief for those affected by the large earthquake that struck Morocco on Sept. 8, causing at least 2,000 fatalities in Marrakech alone, the country’s fourth-largest city.

08.09 / 14:23

Blockchain Adoption Gaming Middle east Saudi Arabia looks to blockchain gaming and Web3 to diversify economy

Saudi Arabia has ramped up its economic diversification efforts driven by its ambitious Vision 2030.

05.09 / 07:43

Latin America Middle east People moves CSP strategies Capital Strategies Partners appoints ex-Franklin Templeton client service head to sales team

Tom Cartwright (pictured) previously worked for Franklin Templeton.

01.09 / 14:25

regulation us government NVIDIA Middle east US regulators US regulators deny blocking AI chip exports to Middle East

The United States Department of Commerce said on Aug. 31 that the Biden administration has “not blocked chip sales to the Middle East,” according to a report from Reuters.

22.08 / 08:33

Adoption Mining Middle east Oman launches $370M crypto mining center: Report

The Sultanate of Oman, a 4.5-million populated nation, neighboring Saudi Arabia and the United Arab Emirates, has launched a new crypto mining center, the second mining facility to open in the country in ten months.

16.08 / 12:01

defi regulation Middle east services Abu Dhabi grants virtual asset firm M2 permission to offer crypto services

The Financial Services Regulatory Authority (FSRA) of the Abu Dhabi Global Market (ADGM) has granted financial services permission (FSP) to virtual assets firm M2 to operate a multilateral trading facility from the United Arab Emirates capital.

01.08 / 13:51

business Adoption Middle east Nomura’s crypto arm Laser Digital bags Dubai VARA license

The crypto arm of Nomura has obtained an operating license from Dubai’s Virtual Asset Regulatory Authority (VARA) amid the Japanese financial holding’s attempts to leave its mark in the digital asset space.

30.07 / 03:03

Adoption Ripple Report Africa Survey Middle east Financial Blockchain will save financial institutions $10B by 2030: Ripple

Blockchain has the potential to save financial institutions approximately $10 billion in cross-border payment costs by the year 2030, according to a recent report.

25.07 / 17:03

regulation Bitcoin Regulation Middle east services Abu Dhabi regulator grants trading firm Rain permission to offer crypto services

The Abu Dhabi Global Market Financial Services Regulatory Authority has granted its Financial Services Permission for cryptocurrency firm Rain to offer brokerage and custody services to residents.

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