When it comes to the blockchain adoption in the Middle East & North Africa region, Turkey is one of the undisputed leaders. The welcoming legal climate, attractive tax approach to crypto assets, as well as the heavy government involvement in blockchain technology make the Turkish crypto market one of...
Despite having misconceptions in the MENA region on crypto coins over regulatory issues and having concerted efforts to stutter the growth of crypto, the new currency continues to gain more and more acceptance as days go by in the MENA trading.
The leading cryptocurrency Bitcoin traded higher this week rising...
It was very recently announced that Turkey's national bank has completely prohibited any trades or using of crypto in payments since their theory is that the tokens involve dangers to the economy because of unstable market esteems along with unavoidable exchanges and that's not the only main concern. Cryptocurrencies...
For most people interested in Bitcoin and other digital assets, Iran remains a very exotic country. The situation of Iranian blockchain enthusiasts is mostly unknown to the general public in foreign countries. But people who would think that Bitcoin is not popular in Iran would be greatly mistaken -...
The Dubai Multi Commodities Center (DMCC), the world's lead-Free Zone and Government of Dubai's clout on product exchange and undertaking reported the dispatch of the DMCC Crypto Center. The middle ground of this is a far-reaching environment for organizations working in the cryptographic and blockchain areas. Situated in the...
There are a continuous barrage of DeFi projects sprouting from UAE. We have selected 5 which we think are of interest.
ZPAYae
ZPAYae, which is leading the way in DeFi. The platform is decentralized and simpler to store, exchange, or use assets such as cryptocurrencies. ZPAYae enables you to pass AED...
Although not many blockchain or DeFi projects have arisen from Saudi Arabia, the country has been partnering with many industry players and is working hard to develop homegrown trials in integrating the technology into their economy.
Saudi Arabia CBDC
The central bank of Saudi Arabia has launch the country's first digital...
Iran announced yesterday it would ban all cryptocurrency mining for a period of 4 months to bring order in a fragile electric grid during peaks of summer heat causing hours of blackouts all over the country. This ban will be in effect until 22 September 2021.
2GW of electricity was...
It was announced that MENA’s first listed digital asset-based fund has enlisted bitcoin-based exchange-traded products. 3iQ Corp, the largest Canada-based digital asset investment fund manager has officially listed the Bitcoin Fund on the Nasdaq Dubai. Even amidst the recent turbulence for the cryptocurrency all over the world which pretty...
Getting on board with the trends, Dubai's private entities have dispatched their own digital currency called DubaiCoin (DBIX). In view of a public blockchain, the crypto is exchanging on a select number of trades. Public blockchain will permit individuals to create their own DubaiCoin by mining them. The cost...
