カテゴリー: UAE

In the Daily: UAE Needs to Keep up With Crypto, Australia to Support Local Blockchain Industry

In the Daily: UAE Needs to Keep up With Crypto, Australia to Support Local IndustryIn this edition of The Daily we feature two countries that want to promote their positions in the cryptocurrency and blockchain world. In the UAE a top banker has stated that keeping up with crypto is crucial to become an international financial hub and in Australia the government is investing in the local industry. Additionally, […]

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In the Daily: Quadrigacx Losses, Bithumb UAE, Coinbase Cloud Backup, Chainalysis Funding

In the Daily: Quadrigacx Report, Bithumb UAE, Coinbase Cloud Backup, Chainalysis FundingIn this edition of The Daily we cover a number of developments related to different cryptocurrency exchanges. A report shows that Quadriga has “lost” another half a million dollars, Bithumb is expanding its reach to the UAE, and Coinbase has launched a controversial new cloud backup service. Additionally, Chainalysis has raised further funding to help […]

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The Daily: Belgium Blacklists More Crypto Platforms, UAE Prepares ICO Regulations

The Daily: Belgium Blacklists More Crypto Platforms, UAE Prepares ICO RegulationsIn this edition of The Daily, Belgium’s financial regulator has expanded its list of fraudulent platforms offering cryptocurrency investments, while UAE has announced it’s working on new ICO regulations. We also look at the plans for a common digital currency in the Eurasian Economic Union and Abkhazia’s intentions to regulate its growing crypto mining industry. […]

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PR: Bitcoin Fork Bithereum Launches Coin to Revolutionize Cryptocurrency Mining

Bitcoin Fork Bithereum Launches Coin to Revolutionize Cryptocurrency MiningDubai, UAE. – The Bithereum (BTH) team is officially launching their peer-to-peer (P2P) fork of Bitcoin centered around “Proof of Stake”, the future of Ethereum mining and blockchain consensus. The launch of Bithereum will occur around December 28th, or at Bitcoin block number 555,555. Based on security, scalability, and functionality, this platform will ultimately lead the world closer to a fully-inclusive, global, decentralized currency.

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Bahrain’s Central Bank Issues Draft Crypto Regulations

Bahrain’s Central Bank Issues Draft Crypto RegulationsThe Central Bank of Bahrain (CBB) has prepared draft rules designed to regulate digital assets and certain aspects of the country’s crypto industry. The move aims to establish Bahrain as a regional leader in the fintech sector and restore its role as a major banking hub in the Persian Gulf.   Also read: New Bitcoin […]

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Abu Dhabi Securities Exchange to Create Infrastructure for Cryptocurrency Assets

Abu Dhabi Securities Exchange to Create Infrastructure for Cryptocurrency AssetsThe Abu Dhabi Securities Exchange has released a paper aimed at creating the infrastructure necessary to accommodate transactions with cryptocurrency-based assets and facilitate the implementation of distributed ledger technologies in the emirate. The platform wants to support financial institutions in their efforts to introduce services related to innovative investment instruments. Also read: Professional Course Prepares […]

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Exchanges Roundup: First UAE-Based Exchange, LXDX to Launch Security Token Offering

Exchanges Roundup: First UAE-Based Exchange, Lxdx to Conduct Security Token OfferingA partnership between Al Zarooni Group, Crypto Bulls and Gulf Coin Gold has fostered the launch of the first cryptocurrency exchange registered in the United Arab Emirates (UAE). In other news, LXDX has announced that it plans to conduct a $5.7 million fundraising round via a security token offering (STO), and BTCC has announced indefinite […]

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UAE Securities Watchdog Approves Plan to Regulate ICOs

UAE Securities Watchdog Approves Plan to Regulate ICOsThe securities and commodities regulator in the United Arab Emirates has approved a plan to adopt comprehensive regulations for crowdfunding through ICOs and recognize tokens as securities. The decision comes after a review of best practices in other countries and signals a change in its position regarding initial coin offerings. Earlier this year investors were […]

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The Daily: Crypto Exchange Rents Pricey HK Offices, UAE Realtor Sells Homes for Crypto

The Daily: Crypto Exchange Rents Pricey HK Offices, UAE Realtor Sells Homes for CryptoCrypto trading platform Bitmex has reportedly rented some of the world’s most expensive offices, in a Hong Kong skyscraper. Also in Bitcoin in Brief today, UAE-based realtor wants to add cryptocurrencies to the payment options offered to its customers. Other reports in The Daily cover Square Cash app downloads surpassing those of Paypal’s Venmo, and […]

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Crypto Exchange Works With Regulators to Develop Legal Frameworks for Arab States

Crypto Exchange Works With Regulators to Develop Legal Frameworks for Arab StatesFollowing the statement by Saudi Arabia declaring cryptocurrency illegal, the largest crypto exchange in the Middle East and North Africa is working with regulators across the region to develop crypto regulations. Bitoasis confirmed its platform is unaffected by the Saudi Arabian crypto stance. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space Bitoasis Working With […]

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