The blockchain project aims at helping licensed businesses and corporations in opening digital bank accounts as quickly as possible.
Dubai has partnered with CV VC to develop Crypto Valley – an ecosystem for crypto and blockchain that will offer incubation, training, education and more.
Irina Heaver, the founder of Emirex crypto exchange believes that the Middle East has been a sleeping giant in crypto, but it’s starting to get onboard.
The man lived a lavish lifestyle, but it was a front for his scam games, including a fake crypto he called the Bitcoin of the Middle East.
nChain is in Dubai at the invitation of Harmonis International, Intermid and the United Arab Emirates (UAE) government, discussing the latest developments in AI and blockchain.
The company poses as a legitimate firm offering crypto onboarding, but the regulator has exposed it to the public.
Three companies are combining to create a KYC blockchain system which they hope will be done by the end of 2020.
Dubai’s Chamber of Commerce is setting itself up to be a leader in blockchain for the Middle East and Africa.
Dubai has the goal of being the smartest city in the world, and new standards and agreements by the Dubai Land Department look to help them get there.
The Mashreq Bank has teamed up with the Dubai government office to make real estate investment faster and easier.
The ATM had been installed by crypto ATM distributor Amhora, but it now appears that local regulators didn’t approve of the absence of KYC guidelines and ordered the teller removed.