Apart from improving cross-border payments, CBUAE’s governor noted that the pilot was also targeted at enhancing the local financial sector in the Middle Eastern country.
While previously most conversations were mainly educational, the Tokenized CEO pointed out that most people now want to know how they can leverage Bitcoin.
The Global Forum in Muscat, Oman, addressed how we can shape the future through cross-industry innovation across sustainable goals to highlight solutions and synergies across the globe.
The MENA region processed digital asset trade worth nearly $600 million in a 12-month window, according to a Chainalysis report.
The Future Blockchain Summit serves as a meeting point for the world’s most disruptive business technology trends, where industry experts can leverage countless networking opportunities, an expert conference programme and workshops to explore distinct themes.
The event will feature one-on-one networking sessions for the guests where they will get to interact with some of the Bitcoin industry’s thought leaders.
Abdulla bin Touq Al Marri, the country’s Minister of Economy, says legally-binding agreements can be signed in the metaverse, and 24/7 customer care support can be accessed at the virtual office.
The Middle East looks forward to wider adoption of distributed ledger technology in global finance as it becomes the first region to use the system to fastrack transactions in the automobile industry.
Muhammad Salman Anjum, who heads the BSV Hub in Dubai, has met with presidents and government dignitaries in the region to talk about BSV, but he says it’s the results that matter most.
The principles issued by the FSRA hint toward innovation in the digital asset sector, and on top of its list is to create a framework aligned with the practices of international financial services.
Qatar begins the modernization of its FinTech sector with the issuance of the first digital payment licenses, but it remains firm against the adoption of digital currencies.