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The emirate’s free trade zone has its own legal system and courts; now its crypto regulations have been augmented and extended to all tokens recognized in the zone. Go to Source Powered by WPeMatico
The Hong Kong-based company will join the likes of Binance, Crypto.com, OKX and FTS, who’ve also opened offices in the UAE. Go to Source Powered by WPeMatico
The Bank for International Settlements is on a roll with its third publication within days detailing how commercial banks in four jurisdictions transferred funds using CBDC. Go to Source Powered by WPeMatico
The United States, which was the joint top-ranked crypto economy last quarter along with Germany, fell to seventh place in the rankings. Go to Source Powered by WPeMatico
The Middle East, one of the world’s fastest-growing crypto markets, now offers a new opportunity for direct investment in Bitcoin through the 21Shares Bitcoin ETP. Go to Source Powered by WPeMatico
Multiple emirates in the UAE are looking to the metaverse to boost tourism in their respective regions. Sharjah now joins Dubai in broadening its Web3 ambitions. Go to Source Powered by WPeMatico
From institutional crypto usage in the United Arab Emirates to remittance payments in the Egyptian market, the last year revealed major growth for crypto in the MENA region. Go to Source Powered by WPeMatico
The monetary authorities of four jurisdictions in Asia have carried out tests with international settlements using state-issued digital currencies. Cross-border payments and foreign exchange transactions totaling over $22 million were made as part of the pilot project with the participation of the Bank for International Settlements. Asian Central Banks Pilot Real-Value International Settlements With Digital … Read more
The UAE Ministry of Economy continues its push into the Metaverse with the announcement of a “third address” located in a virtual world. Go to Source Powered by WPeMatico
Over $12 million in value was issued in the pilot with commercial and central banks in Hong Kong, Thailand, the UAE and China taking part. Go to Source Powered by WPeMatico
