The recent high-profile partnership between the Dubai Department of Finance (DOF) and cryptocurrency exchange Crypto.com, touted as a significant leap towards Dubai's "Cashless Strategy," is raising eyebrows among financial experts and consumer advocates. While Dubai champions itself as a global hub for financial innovation, the decision to entrust a...
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...
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...
The cryptocurrency market is buzzing after the unexpected announcement that the upcoming Truth Social ETF will allocate a surprising 5% of its holdings to Crypto.com's CRO token, dwarfing its 2% allocation to XRP. This bold move comes with a direct endorsement from Donald Trump, who reportedly stated, "I like...
It's been recently announced in Morocco that cryptocurrencies are restricted. But that didn't stop the soaring of purchases of shared bitcoin exchanging platform LocalBitcoins. Ironically, they are actually announcing record-breaking exchanging highs this year despite the bans on cryptocurrency.
Back in February this year, was the best month for this...
It was announced that the Central Bank of Bahrain (CBB) is working together with J.P. Morgan and Bank ABC to present an ongoing cross-line transaction arrangement in advanced cash repayment pilot methods. Bank ABC alongside J.P. Morgan will guide the moving of assets from and to the Kingdom of...
Dubai's real estate consultancy firm Arms and McGregor International Realty has joined forces up with Slovenian-based Blocksquare to assemble the MENA's first tokenization platform, making it ready for exchanging, possessing, and selling property resources through exchanging advanced tokens. Arms and McGregor is yearning about the capability of the platform,...
Metaverse can be defined as a collective virtual shared space created by converging multiple virtual reality environments, augmented reality overlays, the internet, and other digital platforms. It is a persistent, immersive, and interactive virtual world where you can socialize, work, play, and create. Essentially, the metaverse is a digital...
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...
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...
