Argentina Legalizes Bitcoin for Contracts Amidst Economic Turmoil, Will Lebanon Follow?
Argentina has officially embraced Bitcoin for legally binding contracts, solidifying its stance under President Javier Milei‘s crypto-friendly administration. The nation’s foreign minister, Diana Mondino, announced this endorsement to her substantial following on X, emphasizing Bitcoin’s recognition as a valid currency in official agreements. This move aligns with Milei’s vision to combat financial inefficiencies and corruption […]
InvoiceMate Achieves Successful Private Credit Pilot on XDC Network
InvoiceMate has concluded a successful pilot project, marking a significant milestone by demonstrating the seamless tokenisation of an invoice using the XDC blockchain protocol. In a groundbreaking transaction, InvoiceMate showcased the potential of obtaining liquidity by tokenising a Real World Asset (RWA). Acting as the loan originator, InvoiceMate secured funds for client H & H […]
Space42 Emerges as MENA’s Largest AI-Powered Space Tech Firm
Abu Dhabi has set the stage for an unprecedented union in the skies as Al Yah Satellite Communications Company (Yahsat) and Bayanat AI gear up to merge, birthing Space42. This cosmic consolidation is poised to emerge as a giant in AI-powered space technology, sporting an estimated market capitalization of 15 billion dirhams ($4 billion). The […]
ADGM FSRA Revises Anti-Money Laundering Rules, Emphasizes Virtual Assets Compliance
The Financial Services Regulatory Authority (FSRA) has announced today significant updates to its Anti-Money Laundering (AML) and Sanctions Rules and Guidance. The FSRA’s revisions in the AML Rulebook offer clearer guidelines in line with the UAE’s federal regulatory framework against money laundering, terrorism financing, and proliferation financing. These updates emphasize compliance with targeted financial sanctions, […]
Dubai Courts Claim First Place in 2023 GCC Digital Government Award
Dubai Courts have achieved a major milestone, securing the prestigious first place in the Digital Government Award for Gulf Cooperation Council (GCC) countries in 2023. This remarkable triumph stands as a testament to the UAE’s unwavering dedication to embracing digital transformation and upholding the directives set forth by Sheikh Mohammed bin Rashid Al Maktoum, Vice […]
Highlights from the 12th Global Blockchain Congress in Dubai
The 12th edition of the prominent Global Blockchain Congress by Agora Group that took place on December 11th & 12th, 2023 at InterContinental Dubai Festival City, UAE, was a huge success. This edition’s main theme was: “Will the Next Bull Market Be Different?” which brought an A-list speakers, some of the industry’s top-level experts, providing […]
Breaking News: CEO Christopher Flinos Steps Down from HAYVN Amidst Unknown Circumstances
In an unforeseen turn of events, Christopher Flinos, the CEO of HAYVN, a prominent digital asset company in the Middle East, has announced his resignation, sending shockwaves through the cryptocurrency industry. The exact reasons for Flinos’s departure remain undisclosed, leaving industry insiders and stakeholders in suspense. Christopher Flinos, who provided key insights into HAYVN’s vision […]
Changer.ae Introduces Crypto Custodian Services in the UAE
Abu Dhabi has recently witnessed the official launch of Changer.ae Ltd, a premier independent crypto custodian service aimed at securing users’ virtual assets. This platform provides a reliable, accessible wallet catering to individuals worldwide, prioritizing the safety and management of digital assets. Regulated by the Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market […]
Fuse Network Partners with Polygon Labs to Pioneer Ethereum-based ZK Layer-2 Network
Fuse Network, a prominent Layer-1 blockchain player specializing in advancing Web3 payments scalability, has announced a new collaboration with Polygon Labs, a globally recognized blockchain technology firm. This partnership aims to create an innovative Ethereum-based Zero Knowledge (ZK) Layer-2 (L2) network, leveraging the robust capabilities of the Polygon Chain Development Kit (CDK). The ZK-powered Layer-2 […]
Crypto License in Dubai: A Step-by-Step Guide to Receiving a VASP License in 2024
As 2024 approaches, the race to secure a coveted Virtual Asset Service Provider (VASP) license in Dubai, also known as a “crypto license,” is intensifying, with over 1000 applications already in the pipeline. The Dubai Virtual Assets Regulatory Authority (VARA) was established in 2022 and in 2023, issued comprehensive regulations, kickstarting the licensing process. To […]