Egypt-based fintech and online payment solution provider Sympl that they have managed to raise their first funds from local VC which has a regional focus of A15 and that’s not all. By raising this first fund, this particular investment has managed to mark the platform launcher for the fintech,...
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...
Ripple, a leading blockchain payment provider, has received full regulatory approval from the Dubai Financial Services Authority (DFSA) to offer cross-border crypto payment services in the United Arab Emirates (UAE).
This approval allows Ripple to operate in the Dubai International Financial Center (DIFC), a key financial hub with independent tax...
The DIFC aka the DUBAI International Finance Centre has managed to launch a series of events dedicated to Blockchain, hosting events throughout the week and it will be running till September 16th. This dedicated blockchain week from DIFC is the first of a series of themed weeks which is...
Binance, a global leader in cryptocurrency exchanges, today announced the launch of Sharia Earn, an innovative new product designed to offer crypto staking options that strictly adhere to Islamic finance principles. This move marks a significant step toward integrating the vast $4 trillion Islamic finance market with the burgeoning...
Over the past few years, the Middle East has become one of the global hubs of cryptocurrency adoption. Some countries in the Gulf Area have taken a strong stance in promoting the use of digital assets and blockchain innovation. However, not all governments in the region are equally welcoming...
In a statement, Keytom announced; "a new era of financial management by organizing all digital assets in one convenient location." They launched a neobank focusing on businesses in the traditional fiat and cryptocurrency.
Keytom statement:
"At its core, the company champions financial empowerment, positioning itself as the 'one bank for all...
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...
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...
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...
