Tags: Middle East

Ghaf Capital managing partner Feras Al Sadek argued that the UAE’s “regulation by education” sets it apart from other jurisdictions.

The permit allows CoinMENA to provide retail and institutional customers in the United Arab Emirates with the ability to deposit and withdraw in UAE dirhams.

Former Binance CEO Changpeng Zhao, who pleaded guilty to one felony count in the United States in November, may not be able to return to the UAE before being sentenced.

The United Arab Emirates increasingly attracts Web3 companies to its jurisdictions, becoming the center of global crypto innovation.

The approval followed a similar move by regulators in Singapore, where Paxos said its local entity would launch a U.S. dollar-backed stablecoin.

The IOTA Ecosystem DLT Foundation is the first to receive approval from regulators in Abu Dhabi after its financial authority passed a new, related law earlier in the month.

The industry is reeling as governments, legislators, and even investors ask if its networks are being exploited by terrorists. A sense of proportion may be needed.

Saudi Arabia’s forthcoming regional development project, NEOM, has partnered with Animoca Brands to push Web3 in the region and a potential $50 million investment deal.

Massachusetts Sen. Elizabeth Warren is taking advantage sensationalist claims related to Hamas‘ use of crypto. Unfortunately, those claims are largely false.

Today in Crypto: Bitget Q3 Report Finds BGB Trading Volume Exceeded $1.3 Billion, US Doctor Pleaded Guilty to Hiring Hitman With BTC, Beluga Raises $4 Million

Ras Al Khaimah, known for its rich cultural sites, is turning to the digital assets sector to diversify its economy away from traditional avenues such as tourism.

UAE, Dubai and Bahrain continue to attract major cryptocurrency exchanges and businesses due to their progressive regulatory approaches.

Reports of Hamas using crypto to fund recent attacks in Israel could make Coinbase’s lobbying efforts more difficult, says Berenberg lead analyst Mark Palmer.

Israel-Hamas Conflict Shakes Global Markets: Emerging Stocks and Crypto Slide, Oil and Metals Surge

After two years of experiments, JPMorgan and the Bahraini bank will offer U.S. dollar payment settlement in several countries, with plans to expand to euro service as well.

Binance said it will issue a series of airdrops worth up to $100 in BNB to users verified to be located in the highly impacted Marrakech region of Morocco.

The kingdom is currently diversifying its economy away from oil and turning to new opportunities, such as gaming and Web3.

The U.S. Department of Commerce denied blocking AI chip sales to the Middle East and remained silent as to whether the requirements were only imposed on specific countries.

The mining facility comes as part of a plan to accelerate the digitalization of Oman’s economy, which is mainly dependent on oil exports.

M2 platform will launch later in 2023, allowing UAE-based retail and institutional clients to buy, sell and custody virtual assets.

Laser Digital said it would also launch trading and asset management operations in the coming months, including over-the-counter (OTC) service.