Tag: uae

Sep 30 2022

UAE Government Launches Virtual Headquarters In The Metaverse

Sep 30 2022 Published at Bitcoinist.com under tags  blockchain crypto metaverse uae

The Metaverse, which means Beyond the Universe, is a term used in the blockchain industry to describe an imaginary world brought to reality with fiber-optics technology. The Metaverse is available to anyone anywhere in the world, so it is not limited to time or location. The idea of a metaverse world became interesting during the COVID pandemic when people could no longer go...

Sep 27 2022

Oracle to Pay $23M to Settle Bribery Charges against Asian Subsidiaries

Oracle Corporation, a Texas-headquartered American software and technology company, has agreed to pay more than $23 million to settle bribery charges against its subsidiaries in Turkey, the United Arab Emirates (UAE) and India.

The US

Sep 21 2022

Royal Family of Dubai Company Seed Group Partners With CoinCorner To Facilitate Bitcoin Transactions In The UAE

Seed Group will help CoinCorner expand their operations into the UAE and access top decision-makers in the government as well as private sectors.CoinCorner, a global leader in Bitcoin and Lightning Network services, has partnered with Seed Group, a company of the Private Office of Sheikh Saeed bin Ahmed Al Maktoum, to facilitate Bitcoin...

Sep 13 2022

UAE’s Free Zone Regulator Outlines Its Five ‘Guiding Principles’

The Financial Services Regulatory Authority (FSRA), the market supervisor of the United Arab Emirates’ (UAE) Abu Dhabi Global Markets, has outlined five ‘guiding principles’ that will inform its regulatory efforts.

The ADGM is one of the international financial centres and free trade zones in the UAE.

According to the FSRA, the...

Sep 12 2022

Luxury Resort Palazzo Versace Dubai Now Accepts Bitcoin

In partnership with Binance, the luxury resort now accepts bitcoin for goods and services on-site and plans to launch online payments in the near future.Palazzo Versace Dubai is now accepting bitcoin for goods and services in the UAE. Customers can pay for events, spa experiences, and other services on site with the Binance app.The resort plans to launch online payment integration...

Aug 30 2022

Binance Pay enables UAE entrepreneurs repay loans with crypto

Aug 30 2022 Published at Coinscreed under tags  binance news uae

Following the integration of Binance Pay, Virtuzone joins the group of well- known companies in the UAE accepting cryptocurrencies. Binance established its footprint among Middle Eastern investors by operating several legally sanctioned businesses in Abu Dhabi, Dubai, and other areas. By collaborating with business lender Virtuzone, Binance has made it possible for new business owners to […] The post...

Aug 10 2022

Why Crypto Miners Flock to Dubai Despite the Hot Weather

Dubai has quickly become one of the world's crypto-hubs following the introduction of efficient digital asset-friendly regulation.

In this column, we will explore how the emirate, with daily temperatures rising to 42°C in the summer, features optimal conditions for crypto mining businesses.

Dubai: The New Crypto Hub

With high...

Jul 21 2022

Dubai Crown Prince Plans To Provide ‘Virtual Jobs’ To 40,000 People

Dubai is ramping things up in the virtual stratosphere with the promise of jobs to its constituents. In a recent strategy unveiled by Dubai's crown prince, Sheikh Hamdan bin Mohammed, it was said that the bustling metropolis aims to create 40,000 virtual jobs and increase the number of blockchain enterprises in the region by 500 percent by 2027. Dubai's authorities are attempting to...

Jul 07 2022

Huobi Expansion Highly Likely After It Receives FinCEN License

Jul 07 2022 Published at Bitcoinist.com under tags  crypto crypto news huobi new zealand uae

The United States expansion for Huobi has gone a step further. This is valid as HBIT secures its MSB (Money Service Business) license from the US FinCEN (Financial Crimes Enforcement Network). HBIT is a subsidiary of the digital currency exchange platform, Huobi. The License Essence According to the Seychelles-based crypto exchange platform, Huobi, the essence of the license is to create a base...

Jun 17 2022

The world’s most expensive modern postage stamp launches in UAE

Jun 17 2022 Published at Coinscreed under tags  mena news postage stamp uae

To commemorate the 50th anniversary of the country's founding, the United Arab Emirates has issued the world's most expensive modern postage stamp. The first issue of the modern postage stamp was released in four editions by the Emirates Post Group, a government-owned post agency. A digital version of each physical stamp in the collection is […] The post...

Jun 05 2022

UAE Charity Foundation Becomes 1st In Gulf Region To Accept Donations In Crypto

Al Jalila Foundation, a healthcare organization in the United Arab Emirates (UAE), has announced that it has been granted permission to accept digital currency and that donors can now make contributions using cryptocurrency. Al Jalila Foundation is the first non-profit organization in the UAE to accept cryptocurrency. Al Jalila is part of the Mohammed Bin Rashid Al Maktoum Global Initiative and is headquartered...

May 07 2022

Crypto Boom In The Gulf: Dubai, Abu Dhabi Fast Becoming Hotbed Of Digital Currency

May 07 2022 Published at Bitcoinist.com under tags  abu dhabi bitcoin crypto crypto news dubai

In response to the global cryptocurrency boom, the United Arab Emirates has become a hub for the industry as a result of its crypto-friendly legislation, which have made it a favorite destination for digital currency aficionados. Dubai and Abu Dhabi are vying for cryptocurrency supremacy. Large exchanges, like FTX, which was last valued at $32 billion, are making their presence known in Dubai....

Apr 28 2022

UAE Real Estate Giant To Accept Bitcoin, Ethereum As Payment For Posh Abodes

Apr 28 2022 Published at Bitcoinist.com under tags  bitcoin btc crypto crypto news dubai

Damac Properties, a prominent real estate developer based in Dubai, United Arab Emirates, announced Wednesday that it would begin taking Bitcoin and Ether payments for its luxury properties. Damac stated that enabling the acquisition of premier real estate via bitcoin and other cryptocurrencies will transform the future of global property development. Damac has also announced intentions to invest up to $100 million in...

Apr 26 2022

Apr 25 2022

Abu Dhabi Grants Kraken License To Operate Crypto Exchange

The Middle East has risen to prominence as a favored location for cryptocurrency exchanges, with Kraken becoming the latest to be granted a license by the Abu Dhabi Global Market (ADGM). Kraken is the first worldwide virtual asset exchange group to get a complete financial license from the ADGM in the United Arab Emirates, the company claimed. Kraken MENA's (Middle East and North...

Apr 23 2022

Bahrain Is All Set To Adopt Crypto In A “Big” Way; Grants License To Binance

Apr 23 2022 Published at Bitcoinist.com under tags  bahrain binance crypto news uae

Bahrain's Prince Salman bin Hamad Al Khalifa met with Binance CEO ChangPeng Zhao to discuss crypto adoption further. The world's largest cryptocurrency exchange, Binance has now been granted the license required to operate within Bahrain by the Central Bank of the country. Binance shall now be eligible to provide services such as crypto trading, portfolio management, and custody to the people of Bahrain....

Mar 13 2022

Russians Liquidated Their Bitcoins to Purchase Real Estate in Dubai

According to the latest reports, Russians have been liquidating bitcoins to acquire real estate in Dubai. The United Arab Emirates (UAE), India, Israel and Georgia refrained from joining the US and...

Mar 10 2022

Binance seeks to open shop in Dubai, strengthening its foothold in the Middle East

Mar 10 2022 Published at CryptoSlate under tags  binance bnb exchanges uae

Binance Holdings Ltd., the world's biggest centralized crypto exchange by trading volume, is in talks with authorities in Dubai over a license to operate in the Gulf city-state. If granted, the license would help the company to further bolster its operations in the Middle East, a person familiar with the matter told Bloomberg....

UAE Close To Issuing New Regulatory Framework For Crypto Firms, Says Regulator

The Securities and Commodities Authority (SCA) has stated that the United Arab Emirates (UAE) is moving closer to providing a regulatory and supervisory framework that will control the country's virtual asset business. The Securities and Commodities Authority (SCA), a UAE securities regulator, has stated that it is close to "issuing the regulatory and supervisory framework related to virtual assets issued for investment purposes."...

Feb 17 2022

UAE Set To Issue Fedral Licenses For Digital Currencies In The Near Term

Feb 17 2022 Published at Coingape under tags  digital assets dubai crypto news uae

The United Arab Emirates (UAE) is looking to become a global hub for crypto companies. Bloomberg reports that the Middle East country is preparing to issue federal licenses for virtual asset service...

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