First Governmental Establishment to Accept a Stable Coin as a Means of Payment
In an experiment that is considered to be the first of its kind in financial technology in the Sultanate, Oman Water Wastewater Services Company (Member of Nama Group) and Digital Digits (Easy Coins) signed Memorandums of Understanding with Connected Chains to trial stable coin Hasalah Wallet for Payments. The agreements were signed remotely by HH […]
Al Jalila Foundation Receives First Donation in Crypto to Support Cancer Charity Hospital
Al Jalila Foundation, a member of the Mohammed Bin Rashid Al Maktoum Global Initiatives, dedicated to transforming lives through medical innovation, announced that it has received the first donation in cryptocurrency at an equivalent value of US$16 million to support Hamdan Bin Rashid Cancer Charity Hospital. The donation, the first of its kind in the […]
Iran Officially Approves the Use of Crypto For Trading
Iran’s government has approved a set of regulations for trading with cryptocurrencies, a move that potentially allows the country to skirt some U.S. financial sanctions imposed over Tehran’s nuclear program. This news was announced on August 29, just weeks after Iran’s Trade Development Organization approved its first official import order, worth $10 million for the […]
Crypto Arabs First NFT Project to Trend Number 1 in the UAE and Kuwait
Newly founded Middle-East based project, Crypto Arabs, is making headlines with their NFTs; the NFT project has made it to the top spot trending on twitter in the MENA region. We’re currently trending #1 in the UAE! This officially makes us the first NFT collection to trend in the region! Thank you to EVERYONE for […]
VARA Announces Regulations on Virtual Assets Marketing and Advertising
VARA, Dubai’s Virtual Asset Regulatory Authority, announced regulatory guidelines on marketing, advertising and promotions of virtual assets across the Emirate. The guidelines cover all forms of outreach, communications and advertising, including publication of information, awareness building, customer engagement, and/or investor solicitation. These regulations specifically address marketing and communications activities, ahead of operationalizing the MVP licensees […]
Abu Dhabi to Launch Virtual Assets Strategy Aligned with Economic Objectives
The Abu Dhabi Blockchain and Virtual Assets Committee (ADBVAC) held its first meeting, under the chairmanship of H.E Mohamed Ali Al Shorafa, Chairman of the Abu Dhabi Department of Economic Development (ADDED) and Chairman Securities and Commodities Authority (SCA), to discuss strategy for blockchain and virtual assets, which is aligned with the Emirates economic strategy. The Committee emphasized […]
ADGM Publishes Report on Monitoring Strategy and Regulatory Priorities
As part of the Registration Authority’s commitment to transparency, ADGM published a detailed report entitled ‘Monitoring & Enforcement Strategy and Regulatory Priorities 2022 – 23’. Reviewing the RA’s regulatory objectives and priorities will assist you in understanding the RA’s supervisory approach and the aspects of ADGM’s commercial legislation that the RA will be focusing on with […]
Stars.Art Boosts Revenue of NFT Holders by Offering 70% Cheaper Transaction Costs
Nonfungible token (NFT) sales topped $4.4 billion in January and have noticeably decreased in the following months. The May market crash accelerated the decline and caused sales to plunge to $1 billion by June – a 65% drop from January. Ostensibly, the revenue earned by NFT holders is at frustratingly low levels, which through restrictions, […]
Iranian Association Calls for Stable Regulation Due to Widespread Use of Crypto
Iran’s association of importers has stressed the need for a stable regulatory framework for cryptocurrencies now that the Iranian government is officially using crypto to pay for imports. Alireza Managhebi, the chairman of Iran’s Importers Group and Representatives of Foreign Companies (Imports Association), highlighted concerns about the country’s crypto regulation Saturday, local media reported. He […]
AirCarbon Exchange Partners with Eventus to Launch First Market Surveillance Program for VCM
Eventus, a provider of multi-asset class trade surveillance and market risk solutions, and AirCarbon Exchange (ACX), an exchange focusing on the Voluntary Carbon Market (VCM), today announced that ACX has selected Eventus as its partner to introduce the first comprehensive market surveillance program for the VCM, which was created to drive financing activities that reduce greenhouse gas […]