UAE

Dubai Government Licensing Entity Now Accepts Bitcoin for Payments

<div class=”featured_image_container”> </div> <strong>A government-owned entity in Dubai has started accepting bitcoin, ether and tether as payment for its services, according to local media reports.</strong> Kiklabb is a free trade zone that helps companies set up shop in Dubai, a wealthy city and emirate in the United Arab Emirates (UAE). Kiklabb issues trade and other …

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Bahrain Central Bank Issues License to Shariah-Compliant Crypto Exchange

<div class=”featured_image_container”> </div> <strong>Middle Eastern crypto exchange Coinmena said this week that it had obtained a crypto assets services company license from the Central Bank of Bahrain (CBB) ahead of its planned launch.</strong> In receiving the license, the exchange, which has been certified by the Shariyah Review Bureau, said it had met several technical, operational, …

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ZelaaPayAE: UAE Will Now Have a Crypto Debit Card

<div class=”featured_image_container”> <img width=”1280″ height=”720″ src=”https://scoreit.online/wp-content/uploads/2021/01/dubai-1280×720-1.jpeg” class=”story__img article__poster” alt=”ZelaaPayAE Applying for the First Crypto License in All of UAE” loading=”lazy” srcset=”https://news.bitcoin.com/wp-content/uploads/2020/11/dubai-scaled-e1606674626687.jpeg 1280w, https://news.bitcoin.com/wp-content/uploads/2020/11/dubai-300×169.jpeg 300w, https://news.bitcoin.com/wp-content/uploads/2020/11/dubai-1024×576.jpeg 1024w, https://news.bitcoin.com/wp-content/uploads/2020/11/dubai-768×432.jpeg 768w, https://news.bitcoin.com/wp-content/uploads/2020/11/dubai-1536×864.jpeg 1536w, https://news.bitcoin.com/wp-content/uploads/2020/11/dubai-2048×1152.jpeg 2048w, https://news.bitcoin.com/wp-content/uploads/2020/11/dubai-696×392.jpeg 696w, https://news.bitcoin.com/wp-content/uploads/2020/11/dubai-1392×783.jpeg 1392w, https://news.bitcoin.com/wp-content/uploads/2020/11/dubai-1068×601.jpeg 1068w, https://news.bitcoin.com/wp-content/uploads/2020/11/dubai-747×420.jpeg 747w, https://news.bitcoin.com/wp-content/uploads/2020/11/dubai-1920×1080.jpeg 1920w, https://news.bitcoin.com/wp-content/uploads/2020/11/dubai-190×107.jpeg 190w, https://news.bitcoin.com/wp-content/uploads/2020/11/dubai-380×214.jpeg 380w, https://news.bitcoin.com/wp-content/uploads/2020/11/dubai-760×428.jpeg 760w, https://news.bitcoin.com/wp-content/uploads/2020/11/dubai-1520×855.jpeg 1520w” sizes=”(max-width: 1280px) 100vw, 1280px”> </div> …

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Bahrain central bank licenses Sharia-compliant crypto exchange

CoinMENA, a soon-to-launch cryptocurrency exchange headquartered in the Kingdom of Bahrain, has obtained a license from the Central Bank of Bahrain, or CBB. The newly acquired “Crypto Assets Services Company License” allows CoinMENA to operate fully as a regulated crypto exchange and onshore platform, the company announced on Jan. 24. The CBB’s license ensures that …

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Pre-Register Now on Aladdin Exchange to Receive 100 TNC Coins

<div class=”featured_image_container”> </div> PRESS RELEASE. <span>UAE-based crypto exchange</span><a href=”https://aladdin25.com/”> <span>Aladdin</span></a><span> opens its platform for pre-registered users. This digital asset exchange is the newest one in the cryptocurrency market.</span> As part of its pre-launching event, the Aladdin Exchange team invites everyone to pre-register and refer people to join the crypto exchange before its official launching. By …

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Bilateral Saudi, UAE Digital Currency Experiment Shows Benefits of Distributed Ledgers, Central Banks Say

The central banks of Saudi Arabia and the United Arab Emirates (UAE) have concluded a digital currency (CBDC) pilot, finding that distributed ledger technology can improve cross-border transactions and meet the demands of financial privacy in a purely digital context.  In a 93-page overview of the “Aber” project, the two central banks outlined the lessons …

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Ripple opens regional office in Dubai following volatile Q3 for XRP

According to a Nov. 7 announcement, Ripple has established a regional office in the Dubai International Financial Centre, or DIFC.  The blockchain-based payments firm reportedly chose the location for its “innovative regulations.” The DIFC website states the special economic zone serves more than 2,500 companies across the Middle East, Africa, and South Asia as an …

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Global Digital Industry Group Launches Mining Business Bitworld

The UAE cryptocurrency giant, Global Digital Industry Group (GDIG), has established its mining subsidiary Bitworld and will invest $50 million in the company by 2021 as it works to build the company’s presence in the Middle East bitcoin and Ethereum mining industry. GDIG has appointed its mining head, Planck Danny as the CEO of Bitworld. …

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Blockchain platform connects Indian farmers to UAE food industry

Food industry officials in the United Arab Emirates may soon have a blockchain-based supply chain to obtain agricultural products directly from India. According to an Aug. 31 report, officials in the United Arab Emirates (UAE) will be using Agriota E-Marketplace, a new platform that employs blockchain technology to bridge the gap between farmers in India …

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Blockchain Firm Says Banks Need DLT to Manage Identities Better

Blockchain firm HashCash Consultants claims that banks are “chief arbiters” of people’s identities, and need blockchain technology to do it better. According to an Aug. 11 announcement, “accurate identification of an individual is central to banking activities which makes them the chief arbiter of people’s identities.” Still, the current system is not without its issues: …

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