Dubai Promotes Blockchain Use In Middle East, Calls for Developing Legislation, Apps
The Dubai Future Foundation has decided to promote the Blockchain technology following its Global Blockchain Council quarterly meeting. Thus, Blockchain technology, along with other seven new innovation-based pilot projects, finds its way into the mainstream of the United Arab Emirate as well as the Middle East. Touted as a leading regional technology hub given its position as a platform for top tier international tech companies - based on its advanced infrastructure and its attractive business environment - and a stage for global technology-oriented events, the adopted projects will....
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Bitcoin wallet and block explorer resource Blockchain has been revealed as a Government of Dubai partner in the latter’s goal toward switching all government documents and transactions over a blockchain by the year 2020. Speaking at the World Economic Forum this week in Davos, Switzerland, Blockchain CEO Peter Smith also revealed plans for expanding the company to gain a presence in the Middle East. As reported by regional English publication The National, Smith stated: I am very optimistic about the Middle East and we plan to invest big there. I’m really excited about it. It’s a great....
A school in Dubai has announced that it will be accepting cryptocurrencies such as Bitcoin and Ethereum as payment. Dubai is a city that has continued to introduce new and favorable laws regarding cryptocurrency and as a result, has seen the adoption of digital assets rise in recent times. The Dubai school which is scheduled […]
Dubai’s government is laying the groundwork for developing legislation around bitcoin and digital currencies. The Supreme Legislation Committee in the Emirate of Dubai, in partnership with the Dubai Electronic Security Center, is set to hold a one-day gathering entitled “Virtual Currencies: Fact and Law” on 20th November. Government officials from both local and national-level jurisdictions are expected to attend. Ahmad bin Meshar Al Muhairi, secretary general for the Supreme Legislation Committee, said of the event: “The move is part of our continuing efforts to build a legal knowledge....
Ripple has opened a new Middle East and Africa regional headquarters in Dubai’s International Financial Centre, expanding its UAE footprint as demand for regulated blockchain-based payments and custody infrastructure grows across the region. The move gives Ripple capacity to double the size of its existing local operations, according to the company, and comes as the […]
It becomes the company’s second license in a Middle East jurisdiction obtained this week. Cryptocurrency exchange Binance announced on Wednesday that it had been granted a license to operate in Dubai, United Arab Emirates. The company’s presence in the Middle East has been building up lately, with a crypto service provider license in another Gulf market, Bahrain, coming in earlier this week.Under the Dubai virtual asset provider (VASP) license, Binance will be allowed to set up an office in the emirate and provide digital asset exchange services to pre-qualified investors and financial....