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Dubai’s Free Zone to Bridge the UAE-India Agriculture Trade Gap with Blockchain

Dubai’s Free Zone to Bridge the UAE-India Agriculture Trade Gap with Blockchain

Dubai Multi Commodities Centre has established a blockchain agriculture trading and sourcing platform to link India's rural farmers with the UAE food sector.

Dubai Economy Gets Powered by UAE KYC Blockchain Platform for Safe Digital Customer Onboarding

Dubai Economy Gets Powered by UAE KYC Blockchain Platform for Safe Digital Customer Onboarding

The Dubai economy has gone live on the UAE KYC (Know-Your-Customer) blockchain platform making instant bank accounting functionality, secure digital customer onboarding, and sharing of verified data between financial institutions and licensing authorities possible.

Carrefour Shoppers in the UAE to Get Farm-to-Shelf Information with Blockchain Technology

Carrefour Shoppers in the UAE to Get Farm-to-Shelf Information with Blockchain Technology

Carrefour customers in the United Arab Emirates (UAE) will be able to track the origins of the products with blockchain technology.

UAE Health Authorities Launch Blockchain-Based Platform for Verifying Health Data Validity and Reliability

UAE Health Authorities Launch Blockchain-Based Platform for Verifying Health Data Validity and Reliability

The United Arab Emirates (UAE) Ministry of Health and Prevention (MoHAP), the Ministry of Presidential Affairs, Dubai Healthcare City and other authorities have come together to launch a blockchain-based system for health data storage.

Global UAE Bank Building Blockchain Architecture for Federated and Sovereign Digital Identity

Global UAE Bank Building Blockchain Architecture for Federated and Sovereign Digital Identity

A global UAE bank is creating a federated and sovereign blockchain architecture for digital identity via HashCash Consultants, to propel its financial and banking operations and prepare for the future of finance.

UAE Leverages Blockchain, Robotics and 3D Printing to Flatten Coronavirus Curve

UAE Leverages Blockchain, Robotics and 3D Printing to Flatten Coronavirus Curve

The United Arab Emirates (UAE), through in5, a startup incubator for nurturing businesses and ideas, is deploying blockchain, robotics, and 3D printing technologies to instigate the wellbeing and safety of its citizens amid the coronavirus (COVID-19) pandemic.

Arab's Financial Security Publishes a Tentative Draft Resolution for Crypto Regulations

Arab's Financial Security Publishes a Tentative Draft Resolution for Crypto Regulations

Securities and Commodities Authority in the United Arab Emirates released a draft containing their tentative resolutions on how the crypto market will be regulated.

Dubai’s Blockchain Market to Surpass $118 Million by 2025

Dubai’s Blockchain Market to Surpass $118 Million by 2025

Smart Dubai, a government entity established in 2013 to make Dubai a smart city, has revealed that the application of blockchain technologies in the city will increase to Dh437 million, around $118M USD, by 2025 from Dh 35 million, approximately $95M USD, recorded in 2018

Crypto Market Expanding in the Middle East, Says HashCash CEO

Crypto Market Expanding in the Middle East, Says HashCash CEO

A paradigm shift is being witnessed in Middle East nations, especially the United Arab Emirates (UAE), because the region’s interests are changing from oil to crypto and metaverse.

UAE Gets First Blockchain-Powered Solution to Acceletrate Motor Insurance Claims

UAE Gets First Blockchain-Powered Solution to Acceletrate Motor Insurance Claims

XA Group has rolled out the first end-to-end and blockchain-based digital solution dubbed Addenda to tackle the decades-old industry challenge of reconciling motor recovery claims.

Dubai Sees Crypto as Stepping Stone Towards Global Tech Hub

Dubai Sees Crypto as Stepping Stone Towards Global Tech Hub

Dubai is reaping the dividends of new tech investments because it has laid the ground for a post-pandemic boom through a business-friendly and low taxes environment.

Crypto Businesses Given the Green Light to Set Up in Dubai’s Free Zone

Crypto Businesses Given the Green Light to Set Up in Dubai’s Free Zone

Following a memorandum of understanding (MoU) between the Dubai Multi-Commodities Centre (DMCC) Free Zone and the Securities and Commodities Authority (SCA), crypto businesses have been granted the liberty to operate in DMCC once registered licenses are granted.

Hong Kong Monetary Authority Explores Virtual Asset Regulation in UAE and Highlights Converging Global Standards

Hong Kong Monetary Authority Explores Virtual Asset Regulation in UAE and Highlights Converging Global Standards

According to a report by Ming Pao, the Hong Kong Monetary Authority (HKMA) recently visited the United Arab Emirates (UAE) to discuss the regulation of virtual assets (cryptos) with the local central bank.

UAE Central Bank Pioneers Digital Dirham Transfer to China via mBridge

UAE Central Bank Pioneers Digital Dirham Transfer to China via mBridge

The UAE Central Bank achieved a significant milestone by executing its first cross-border digital dirham transfer worth 50 million dirhams ($13.6 million) to China using the mBridge platform on January 29, marking a new era in digital currency transactions.

UAE to Strive for Virtual Service Provider Licenses before Q2

UAE to Strive for Virtual Service Provider Licenses before Q2

In a bid to become a global crypto hub, the United Arab Emirates (UAE) is gearing up to issue federal licenses to virtual asset service providers (VASPs) by the end of Q1 2022.

Binance to Transition UAE Resident Accounts to Binance FZE

Binance to Transition UAE Resident Accounts to Binance FZE

Binance announces the transition of UAE resident accounts to Binance FZE, following a VASP license from Dubai’s VARA.

Tether (USDT) to Launch UAE Dirham-Pegged Stablecoin in Collaboration with Phoenix Group

Tether (USDT) to Launch UAE Dirham-Pegged Stablecoin in Collaboration with Phoenix Group

Tether announces plans to introduce a stablecoin pegged to the UAE Dirham (AED), in partnership with Phoenix Group and Green Acorn Investments.

Coinbase Executives Visit UAE to Explore Potential for Crypto Operations

Coinbase Executives Visit UAE to Explore Potential for Crypto Operations

Coinbase executives, including CEO Brian Armstrong, visited the UAE to explore the potential of the region as a strategic hub for its international operations. The visit coincides with a partnership between Marathon Digital Holdings and Zero Two to create a large-scale immersion Bitcoin-mining facility in Abu Dhabi.

Over 1,000 Firms Expected to Join Crypto Space in UAE by 2022 End, Expert Says

Over 1,000 Firms Expected to Join Crypto Space in UAE by 2022 End, Expert Says

During the Top CEO event in Dubai, Crypto Oasis co-founder Saqr Ereiqat opined that at least 1,000 companies will enter the crypto space in the United Arab Emirates (UAE) by the end of the year based on a fast-paced ecosystem.

Virtuzone Partners with Binance To Drive Crypto Adoption In UAE

Virtuzone Partners with Binance To Drive Crypto Adoption In UAE

Partnership with Binance will enable Virtuzone to use cryptocurrency payment services to facilitate its ambitions. Virtuzone is a major provider of corporation and business formation services in the UAE.

Hub71+ Digital Assets Initiative Aims to Advance Web3-Based innovations

Hub71+ Digital Assets Initiative Aims to Advance Web3-Based innovations

Hub71 will invest $2 billion in Web3 startups in Abu Dhabi.

UAE Crypto Insights: 72% Investors Lean Towards Bitcoin

UAE Crypto Insights: 72% Investors Lean Towards Bitcoin

The UAE's crypto investors, according to a survey by KuCoin, are overwhelmingly in favor of Bitcoin, highlighting the need for trust, security, and crypto education, as well as a keen interest in blockchain and AI integration, indicating the country's potential as a crypto hub.

UAE's Central Bank Nears Launch of Digital Dirham

UAE's Central Bank Nears Launch of Digital Dirham

The UAE's central bank is close to launching its central bank digital currency (CBDC), the digital dirham, for domestic and cross-border payments. The CBUAE has partnered with G42 Cloud and R3 to be the infrastructure and technology providers for the CBDC implementation, which will boost financial inclusion and help the country become a cashless society. The first phase of the CBDC strategy includes the soft launch of "mBridge," proof-of-concept work for bilateral CBDC bridges with India, and domestic CBDC issuance for wholesale and retail use.

UAE's Ras Al Khaimah to Launch Free Zone for Virtual Asset Companies

UAE's Ras Al Khaimah to Launch Free Zone for Virtual Asset Companies

Ras Al Khaimah in the UAE is launching RAK Digital Assets Oasis, a free zone for digital and virtual asset companies. The purpose-built zone will support emerging technologies in the virtual assets sector, including blockchain, NFTs, and DApps. The free zone is set to open for applications in Q2 2023.

CBUAE Plans to Launch Central Bank Digital Currency

CBUAE Plans to Launch Central Bank Digital Currency

The government plans a uniform, rapid card payment platform.

Laser Digital Secures In-Principal Approval from Abu Dhabi Global Market

Laser Digital Secures In-Principal Approval from Abu Dhabi Global Market

Laser Digital, Nomura's digital asset subsidiary, has received In-Principal Approval from Abu Dhabi Global Market's Financial Services Regulatory Authority. The approval allows the company to offer broker-dealer and asset management services in the UAE, subject to fulfilling specific conditions.

VARA Issues New Guidelines for Virtual Asset Service Providers in Dubai

VARA Issues New Guidelines for Virtual Asset Service Providers in Dubai

VARA's "Full Market Product Regulations" comprise four mandatory and activity-specific rulebooks for running VASPs.

The UAE's Minister of State for Foreign Trade Thani Al-Zeyoudi

The UAE's Minister of State for Foreign Trade Thani Al-Zeyoudi

Thani Al-Zeyoudi said crypto will "major" in UAE global commerce. The UAE's international trade minister updated 2023 commercial ties and policies. New restrictions allow a $2.7 million penalties for noncompliance. At the World Economic Forum in Davos, the artificial intelligence and digital economy minister spoke.

Dubai's VARA Appoints Matthew White as CEO

Dubai's VARA Appoints Matthew White as CEO

Dubai's VARA is appointing Matthew White as its new CEO, focusing on regulatory compliance in the cryptocurrency space, following a leadership transition.

UAE and OKX Unveil Framework for Metaverse Self-Governance

UAE and OKX Unveil Framework for Metaverse Self-Governance

The UAE AI Office, in collaboration with Web3 tech firm OKX, has released a whitepaper on a "Responsible Metaverse Self-Governance Framework" to address the growing influence of the metaverse and the need for standardized operational guidelines. The report stresses international cooperation for establishing self-regulatory principles ensuring transparent, safe, and ethical metaverse operations.

UAE Strengthens Crypto Regulations with New Framework

UAE Strengthens Crypto Regulations with New Framework

The UAE has announced a new regulatory framework for virtual assets, enhancing compliance and encouraging innovation within the crypto industry.

Hong Kong's Ambition to Thrive in Web3: Exploring the Development of Selected Regional Web 3.0 Technologies

Hong Kong's Ambition to Thrive in Web3: Exploring the Development of Selected Regional Web 3.0 Technologies

Recently, the Research Unit of the Legislative Council Secretariat of Hong Kong released a summary of the document titled 'Development of Selected Regional Web 3.0 Technologies.

RBI and Central Bank of UAE sign MOU on CBDC bridge

RBI and Central Bank of UAE sign MOU on CBDC bridge

The Reserve Bank of India and the Central Bank of UAE have signed an MOU to collaborate on CBDC interoperability, specifically for the development of a CBDC bridge to facilitate remittances and trade.

UAE Central Bank and Hong Kong Monetary Authority Bolster Financial Ties

UAE Central Bank and Hong Kong Monetary Authority Bolster Financial Ties

The Central Bank of the United Arab Emirates (CBUAE) and the Hong Kong Monetary Authority (HKMA) convened a bilateral meeting on May 29, intending to amplify cooperation in the financial services arena between the two regions.

More Than 11% of UAE Residents Have Set Foot in Crypto Space

More Than 11% of UAE Residents Have Set Foot in Crypto Space

As the United Arab Emirates (UAE) gears up to become a global crypto hub, approximately 11.4% of its residents have entered this sector, according to the Telecommunications and Digital Government Regulatory Authority (TDRA).

Nearly 67% of UAE Residents are Interested in Crypto Investments, Study Shows

Nearly 67% of UAE Residents are Interested in Crypto Investments, Study Shows

In the next five years, 67% of residents in the UAE will be interested in entering the crypto space, according to a survey by British market research and data analytics firm YouGov.

Al Jalila Foundation Gets Donations Worth $16M in Crypto

Al Jalila Foundation Gets Donations Worth $16M in Crypto

The funds will specifically aid in the construction of a bone marrow transplant centre, which will be later renamed “QUINT Bone Marrow Transplant Centre” upon launch.

UAE to Launch and Test in-house Digital Currency

UAE to Launch and Test in-house Digital Currency

The Central Bank of the United Arab Emirates has plans to develop an in-house digital currency by 2026.

UAE's Central Bank Completes Wholesale CBDC Pilot Program

UAE's Central Bank Completes Wholesale CBDC Pilot Program

UAE's Central Bank has completed running its wholesale CBDC trials, readying for the next development phase.

UAE Markets Regulator Approves Trading of Canadian-Based Bitcoin Fund on Nasdaq Dubai Stock Exchange

UAE Markets Regulator Approves Trading of Canadian-Based Bitcoin Fund on Nasdaq Dubai Stock Exchange

The Dubai Financial Services Authority (DFSA) has cleared the launch and trading of Canadian-based Bitcoin fund on Nasdaq Dubai Stock Exchange as part of the effort to provide investors based in the Middle East access to the cryptocurrency investment services.

UAE Investors Enable Crypto Trading in Dirhams following Kraken and RAKBANK Partnership

UAE Investors Enable Crypto Trading in Dirhams following Kraken and RAKBANK Partnership

Kraken, a leading cryptocurrency exchange, has joined hands with RAKBANK to enable UAE residents to trade crypto in dirhams through their local bank accounts.

Crypto Exchange Kraken to Launch in UAE

Crypto Exchange Kraken to Launch in UAE

U.S.-based cryptocurrency exchange Kraken expands to the UAE, and open an office in Abu Dhabi.

Coinsfera Enables Users to Trade USDT in UAE through OTC

Coinsfera Enables Users to Trade USDT in UAE through OTC

Coinsfera, the global OTC digital asset trading platform, announced that it enables users to trade stablecoin USDT in Dubai.

Blockchain.com Gets Regulatory  Approval to Operate Crypto Exchange in Dubai

Blockchain.com Gets Regulatory Approval to Operate Crypto Exchange in Dubai

London-based crypto firm Blockchain.com announced Friday that it has received regulatory approval to operate its exchange in Dubai, a city in the United Arab Emirates (UAE).

Dubai Police to Release Second Bunch of NFTs

Dubai Police to Release Second Bunch of NFTs

The Dubai Police plans to roll out the second collection of NFTs after the first bunch attracted approximately 23 million people globally.

United Arab Emirates to Issue its First NFT-Backed Stamps

United Arab Emirates to Issue its First NFT-Backed Stamps

The United Arab Emirates, through the Emirates Post Group (EPG), is set to launch the region’s first Non-Fungible Token-backed postage stamps.

Dubai Police Releases Free NFTs to Enhance Authority

Dubai Police Releases Free NFTs to Enhance Authority

As part of a campaign to showcase security, innovation, and communication values, the Dubai Police has rolled out a set of non-fungible tokens (NFTs) comprising 150 free digital assets.

Dubai Educational Institution Accepts Bitcoin and Ethereum Payments

Dubai Educational Institution Accepts Bitcoin and Ethereum Payments

Dubai Educational Institution Citizens School accepts Bitcoin and Ethereum payments for tuition.

Mashreq Bank and DIFC Launch First KYC Blockchain Platform in UAE

Mashreq Bank and DIFC Launch First KYC Blockchain Platform in UAE

Dubai International Financial Centre (DIFC) and Mashreq Bank announced the launch of the region’s first blockchain data-sharing platform which went live on March 1.

Abu Dhabi to Integrate Land Records on the Blockchain Platform

Abu Dhabi to Integrate Land Records on the Blockchain Platform

The capital of the United Arab Emirates (UAE), Abu Dhabi has revealed its intentions of putting its land registry system on the blockchain.

UAE’s Ministry of Health and Prevention Instigates First-Ever Blockchain Network

UAE’s Ministry of Health and Prevention Instigates First-Ever Blockchain Network

The Ministry of Health and Prevention in the UAE has launched a blockchain-based system aiming to boost productivity among health practitioners by reducing time and costs.

BTSE Offers Users the Chance to Collect Interest on Their Idle Crypto Holdings

BTSE Offers Users the Chance to Collect Interest on Their Idle Crypto Holdings

BTSE, the UAE based digital exchange, has big plans for their ecosystem. They have recently launched the latest development in what they call their “comprehensive digital bank at the juxtaposition of crypto and fiat.”

Dubai Economy Moves to Blockchain-Based Unified Business Registry Platform

Dubai Economy Moves to Blockchain-Based Unified Business Registry Platform

Dubai’s Department of Economic Development has announced its move to a Unified Business Registry Platform (UBRP). The UBRP is hosted on the innovative Blockchain Platform as a Service (BPaaS) of Dubai Pulse which is a joint initiative of Smart Dubai and du.

R3 Partners with Dubai Fintech Firm to Revolutionize the Sukuk Market

R3 Partners with Dubai Fintech Firm to Revolutionize the Sukuk Market

Enterprise software firm R3 recently entered into a strategic partnership with a Dubai-based fintech firm, Wethaq. The partnership aims to bring together a platform for issuing and trading Sukuk securities by utilizing R3 Corda’s blockchain.

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