CBUAE Board of Directors Approves New System for Licensing Stablecoins
The Central Bank of the UAE (CBUAE) Board of Directors has approved a comprehensive system for licensing and overseeing stable cryptocurrencies. This decision is part of a broader set of policies designed to support the banking and insurance sectors and enhance financial infrastructure services. Sheikh Mansour bin Zayed Al Nahyan, Vice President, Deputy Prime Minister, […]
DFSA Announces Key Amendments to Crypto Token Regime
The Dubai Financial Services Authority (DFSA) has unveiled pivotal amendments to its Crypto Token regime, marking a significant advancement in the regulatory landscape for Crypto Tokens within the Dubai International Financial Centre (DIFC). These changes, stemming from the proposals in Consultation Paper 153 published in January 2024, aim to enhance and refine the regulatory environment […]
Qatar Central Bank Advances Digital Transformation with CBDC Infrastructure Completion
The Qatar Central Bank (QCB) has announced a significant milestone in its digital transformation journey with the completion of the infrastructure for its Central Bank Digital Currency (CBDC) project. This initiative marks a proactive effort by QCB to stay ahead of the rapid global advancements in digital financial technologies. Following a comprehensive study, QCB is […]
DePIN: Embracing the Decentralized Future
The internet has revolutionized communication and information access. Now, Web3 is promising a new era of decentralization, empowering users like never before. At the forefront of this shift are Decentralized Physical Infrastructure Networks (DePIN), which aim to transform the ownership and management of essential infrastructure such as data centers, communication towers, and power grids. Using […]
China-Arab States Cooperation Forum Eyes Blockchain Future with Local Currencies and CBDCs
The 10th Ministerial Conference of the China-Arab States Cooperation Forum (CASCF) concluded today, signaling a potential boom for blockchain technology in cross-border payments across the region. A key theme that emerged was the focus on leveraging local currencies and Central Bank Digital Currencies (CBDCs) to streamline financial transactions. China Pushes for Digital Yuan Integration Chinese […]
Cristiano Ronaldo Celebrates Saudi Arabia Chapter with New NFT Collection
Football legend Cristiano Ronaldo and leading cryptocurrency exchange Binance have teamed up to launch a unique NFT collection titled “Forever Worldwide: The Road to Saudi Arabia.” This innovative collaboration offers fans a chance to not only own a piece of Ronaldo’s incredible journey but also potentially unlock exclusive experiences and rewards. A Digital Chronicle of […]
IRC Leverages Crypto for Gaza Relief Efforts: A Boon for UAE’s Crypto Donors?
The International Rescue Committee (IRC) is embracing new frontiers in fundraising by accepting cryptocurrency donations to support their ongoing relief efforts in Gaza. This move taps into a growing trend of digital currency use and caters specifically to a tech-savvy donor base, particularly relevant in the United Arab Emirates (UAE). The humanitarian crisis in Gaza […]
Blockdaemon Expands into UAE: Insights from COO Amor Sexton
Blockdaemon, a leading provider of institutional-grade blockchain infrastructure, has announced recently the establishment of a new office and formal entity in Abu Dhabi, United Arab Emirates . This strategic expansion, guided by the Registration Authority of Abu Dhabi Global Market (ADGM), signifies a significant milestone for Blockdaemon as it deepens its presence in the Middle […]
The Future of Blockchain and AI: Illia Polosukhin’s Vision with Near
In a recent interview with Maria Vovchok for Encrypted, Illia Polosukhin, co-founder of Near and CEO of the Near Foundation, highlighted the issues plaguing traditional blockchains and explained how Near is crafting a future that’s faster, fairer, and full of potential. Additionally, Near is venturing into the realm of Artificial Intelligence (AI) with its new […]
Abu Dhabi Bans Cryptocurrency Mining on Farms
Abu Dhabi authorities have declared that farms cannot be utilized for cryptocurrency mining activities. Cryptocurrency mining involves verifying transactions and generating new coins using highly advanced computers that consume substantial energy. While blockchain-related endeavors are permitted in the UAE, stringent regulations are enforced. The Abu Dhabi Agriculture and Food Safety Authority (Adafsa) issued a directive […]