Silverline’s Dr. Anas Hakimeh was on the hunt for technology that equalizes the playing field and allows everyone to participate in the global economy when he stumbled upon Bitcoin.
With the full operating license, Komainu is expanding its digital currency services beyond custody with institutional staking and collateral management services.
Oman is opening a digital currency mining hub as part of its plans to boost digital economy growth and push for technological advancement.
Dubai offers 90% subsidies in a new licensing system for AI and Web3 firms in an attempt to foster innovation and collaboration in the tech hub.
Saudi Arabia and the United Arab Emirates are investing millions in the AI race purchasing breakthrough chips to build advanced systems and challenge global competitors.
UAE’s MoCCAE, Industrial Innovation Group, and Venom Foundation will lead the carbon credits on the blockchain, improving the issuance and calculations of the credits.
The CMA is urging feedback from the public until August 17 about the proposed digital asset framework centered on regulating VASPs as Oman catches up with neighbors in welcoming digital currencies.
The Hong Kong and Saudi Arabia central banks signed an MoU to study financial innovation to benefit their local economies, focusing on four sectors, including open market operations and market connectivity.
The digital currency transaction ban is the government’s latest attempt to crack down on money laundering rings operating in Kuwait.
Dubai's VARA announced on July 10 that the conditional license issued to BitOasis will remain "non-operational" until the exchange regularizes its processes with the regulator.
The United Arab Emirates reportedly accounts for 4% of the global BTC hash rate, with Abu Dhabi leading the emirates as government investment and power availability play a significant role.