Dubai Virtual Assets regulator licenses digital asset fund of 1 billion USD
VARA has made public all the entities that are currently licensed under its authority. The entities fall under various categories including crypto exchanges, DeFi custodians,...
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Blockchain.com has applied for a crypto license in Dubai UAE
UK based Blockchain.com secured regulatory approval from Italy’s Organismo Agenti e Mediatori (OAM) as a Virtual Asset Service Provider (VASP) allowing it to provide virtual...
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UAE ranks third globally in terms of number of Blockchain startups
The 2022 Worldwide crypto readiness report looks into the number of crypto ATMs, legislations, taxes surrounding cryptocurrencies, as well as the number of blockchain start-ups and the...
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Security token regulations to be issued in Saudi Arabia by end of 2022
In an interview with CNBC Al Arabia, Yazeed Saleh Aldemaigi Deputy, Strategy & International Affairs, at Saudi Capital Market Authority (CMA) announced that regulations for Security Token...
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India based NFT startup raises $3.26 million with participation of UAE investors
Artfi, a non-fungible token (NFT) focused startup, has raised $3.26 million from several investors including Sheikha Hend Al Qassemi, a member of the ruling family...
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OasisX MultiChain NFT marketplace the Oasis for NFTs in the MENA region
The NFT (Non Fungible Token) marketplace trading volume is currently at around 4 billion USD per month despite the crypto bearish sentiments. Yet, the NFT...
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Blockchain RippleNet to power remittance service between Qatar and Philippines
Qatar National Bank (QNB) has launched a direct remittance service powered by Blockchain RippleNet. The remittance service will offer money transfers from Qatar to Philippines connecting through...
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Zimbabwe grants UAE Mulk International exclusive license to establish a blockchain and digital assets zone
UAE Mulk International has been granted an exclusive license to establish a blockchain and digital assets special economic zone in Zimbabwe. This comes in parallel...
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Saudi PetroChemicals manufacturer launches traceability Blockchain pilot
Saudi based SABIC, petrochemicals manufacturer majority owned by Aramco, has launched a pilot project to investigate utilizing blockchain technology to support end to end traceability of circular...
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Saudi Central Bank Moves forward with virtual assets and CBDC program
The Saudi Central Bank, better known as SAMA, has appointed Mohsen AlZahrani, former Managing Director of Financial Services at Accenture KSA as Virtual Assets and...
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