Despite the fact that Crypto.com was given a license by VARA in Dubai to conduct operations in the Middle East and often touted as a user-friendly gateway to the world of cryptocurrency, Crypto.com is increasingly facing a barrage of negative reviews, with a recurring theme of dismal customer service,...
The DFSA or the Dubai Financial Services Authority is putting on extra efforts to provide more standardized framework solutions for their regulations toward cryptocurrency. Dubai’s financial regulators have already called on members of the public on 5th April to submit their comments on the proposed regulatory changes for cryptocurrency.
The...
With the exponential growth of cryptocurrencies in MENA, both industry heavyweights Binance and Kraken have gained virtual asset trading licenses for the MENA region via Abu Dhabi Global Market (ADGM) allowing both trading firms license to operate as broker-dealer of virtual assets in the region.
Binance has big plans for...
Crypto-assets, as well as blockchain, have seen a massive boost in popularity over the last 10 years. Owing to the decentralized characteristics of blockchain, the payments and delivery industries have changed significantly. In the MENA region, crypto-assets are now a powerful force, allowing both institutions and individuals alike to change...
The KSA based blockchain startup IR4LAB has managed to raise about $1.5M in an investment fund round. The round was led by Wa’ed which is the entrepreneurship arm of Aramco. IR4LAB was founded back in 2017 and they’ve been offering access to corporations to root out resumes and professional...
It was announced that the Dubai-based popular digitized resource exchanging platform BitOasis has been conceded a Financial Services Permission (FSP) from the Financial Services Regulatory Authority (FSRA) in the Abu Dhabi Global Market (ADGM).
The firm said that it is presently pursuing the relocation of its tasks towards their launch...
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...
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...
Dubai police have strategically teamed up with crypto trading platforms to help investors and traders to keep away from crypto fraud that has been happening a lot recently.
“We have been working with key policymakers to help them build regulation that will make crypto safe for investors. The string of...
Central Bank of Iran’s Shaparak announced on Wednesday all websites and payment processing application should ban all trade, selling and buying of all cryptocurrencies including Bitcoin with immediate effect. This news was published after National Virtual Space Center announcement that cryptocurrency trading firms are illegal and have no valid...
