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...
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...
Introduction
The concept of blockchains was combined with other technologies to create modern cryptocurrency by Satoshi Nakamoto in 2008. This technology gained widespread awareness and acceptance with the launch of Bitcoin in the year 2009. Blockchains are the foundation of cryptocurrencies and a simplified payment verification process. It’s expected blockchain technology will mature...
The Dubai Land Department (DLD) has launched a real estate tokenization pilot program, becoming the first property registration authority in the Middle East to use blockchain technology for property title deeds.
What is Real Estate Tokenization?
Real estate tokenization involves converting property assets into digital tokens that can be bought, sold,...
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...
Abu Dhabi, UAE – The Abu Dhabi Securities Exchange (ADX) is set to make history with the listing of the Middle East and North Africa's (MENA) first distributed ledger technology (DLT)-based digitally native bond. This landmark move follows the commencement of the pricing stage for the instrument, issued by...
The United Arab Emirates is quickly becoming one of the global leaders in cryptocurrency adoption. While most of the world’s governments either completely ignore Bitcoin and other digital assets or even are hostile towards the development of blockchain-based technological solutions, the UAE crypto market has been blooming for the...
Pravica, the Cairo-based blockchain startup that they’ve successfully managed to raise an undisclosed direct investment from the leading Swiss venture capital firm and incubator which are popular for specializing in global blockchain business investments, Crypto Valley Venture Capital (CV VC).
Pravica has been providing blockchain technology to offer better online...
As of now, the crypto trading adoption in the Middle East is higher than it has ever been before and that’s not all. And right now, the regulatory system is in its process to support crypto-related financial services and it’s growing day by day.
Very recently, the UAE’s Securities and...
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...
