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...
Bahrain-based RAIN, the country’s first cryptocurrency trading platform has announced that they’re completely set to be launched as the arrangements have been done completely in this regard. The platform claims to be the first crypto exchange platform to earn a regulatory license in the entire Middle East along with...
It’s been already established among the crypto fans that bitcoins are the new hot investment trends that will stick to the economy. But unfortunately, professional investors think otherwise and completely opposite referencing from the BofA survey and that’s not all.
The survey was pretty solid and among those surveyed in...
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,...
Iran's luxury tourist hot spot, Kish Island is set to accept crypto currency from a potential deal with Qatar which is set to use the Island as a designated tourist accommodation spot.
Iran which is in the same group as USA, England and the fourth spot still unclear, is set...
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...
Based on last night's Super Tuesday published results, it seems like the crypto fundraising groups won a decisive victory. Rep.Katie Porter's attempt to become the Democratic Senate candidate for California failed because of negative ads from asset PACs that are worth almost $10 million, where other crypto-fan candidates all...
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...
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...
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...
