BitOasis Expands GCC Presence with New Bahrain License and Office

BitOasis has unveiled a substantial expansion initiative into the GCC market. Headquartered in Dubai, BitOasis will utilize its newly acquired Category 2 Crypto-Asset Services License from the Central Bank of Bahrain to strengthen its regional presence. This expansion encompasses the establishment of a new office in the Kingdom of Bahrain, strategically positioned to serve both […]

UAE Advances as AI Leader with Strong International Support and Investments

The United Arab Emirates (UAE) continues its steady march towards realizing its future vision of becoming a global capital for artificial intelligence (AI). This effort has garnered broad international support, with reports in numerous global publications recognizing it as a leader in this promising field. Massive investments pouring into the AI sector serve as testimony […]

Turkey Plans New Crypto Transaction Tax to Address Economic Challenges

The Turkish government is seeking to introduce a new tax on crypto transactions aimed at boosting financial revenues and addressing budget deficits. The proposed tax, set at 0.03% of the transaction value, aims to capitalize on the growing popularity of cryptocurrency trading among Turkish investors, who increasingly use it as a hedge against inflation and […]

Global Survey Shows Central Banks Embrace CBDCs, with UAE Among Pioneers

Central banks around the world are increasingly exploring the potential of central bank digital currencies (CBDCs), as highlighted by a recent survey conducted by the Bank for International Settlements (BIS). The survey, which included responses from 83 central banks, revealed a significant rise in CBDC-related activities among central banks in advanced economies throughout 2023. The […]

Crypto Startups Surpass $100 Billion Milestone in Funding, UAE Part of It

Since the end of May 2014, more than $100 billion has been raised for cryptocurrency startups, marking a major milestone in the industry. Data from TVL aggregator DefiLlama reveals that, as of June 16, 2024, total funding for the cryptocurrency sector stands at $101.35 billion. Growth Amidst Volatility The journey over the past decade has […]

A Promising Path: Saudi Arabia’s Journey into Crypto

Saudi Arabia’s Vision 2030 isn’t just an ambitious economic blueprint; it represents a bold leap into a digital future. This digital evolution will have multiple pillars and blockchain is expected to play a foundational role in realizing this future. Regulating this evolving reality is a challenge and the Kingdom is working diligently on crafting regulations […]

Dubai Crown Prince Announces Appointment of 22 AI Executives in Dubai Government

Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of the Executive Council, has announced the appointment of 22 Chief AI Officers in the Dubai Government. This move is part of a forward-looking vision aimed at enhancing the use of artificial intelligence (AI) to improve government efficiency and effectiveness. Sheikh […]

ADGM’s FSRA and Bermuda’s BMA Sign Digital Assets Memorandum of Understanding

The Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market (ADGM) and the Bermuda Monetary Authority (BMA) have officially signed a joint Digital Assets Memorandum of Understanding (MoU). This MoU establishes a collaborative framework between the FSRA and the BMA, aimed at facilitating the creation and supervision of digital asset entities within their jurisdictions. […]

MANTRA and Zand Bank Sign MOU to Enhance UAE’s RWA Digital Asset Landscape

MANTRA has signed a Memorandum of Understanding (MOU) with Zand Bank, to enhance the UAE’s digital asset ecosystem. This strategic partnership aims to develop robust regulatory frameworks that will pave the way for the wider adoption of compliant Real World Assets (RWAs) in the region. Zand Bank: The Leading Digital Banking Innovator Licensed by the […]