Metaverse gets a boost in Saudi Arabia with The Sandbox partnership
The memorandum of agreement was signed at the Leap Tech Conference 2023 in Riyadh between The Sandbox metaverse firm and Saudi Arabia’s Digital Government Authority (DGA).
The memorandum of agreement was signed at the Leap Tech Conference 2023 in Riyadh between The Sandbox metaverse firm and Saudi Arabia’s Digital Government Authority (DGA).
Under the Full Market Product Regulations, all entities looking to offer virtual currency services in Dubai must obtain a license from VARA first.
Marathon partnered with FS Innovation on the project, which it estimates will produce 250 MW of energy as it strives to recover from a rough year for block reward miners.
Saudi's central bank noted that the early stages of the state-backed digital currency experiments would involve reviewing the legal implications of a potential launch and a brief foray into the technical aspects.
UAE's Minister of State for Foreign Trade said that the country would be pivoting to digital assets in 2023 after making significant headway in their regulation over the last few months.
SmartLedger's Dr. Eva Porras recounts with Blockchain DXB the SmartLedger team's decision to move to Dubai, the story behind the projects in store for this year, and why they chose to build on BSV.
Greg Ward, the Chief Development Officer of SmartLedger, is happy to share some details on the innovation behind their eight proofs of concept and the role blockchain tech plays in each of them.
The new hub, dubbed "Blockchain Smart Technologies," will operate as SmartLedger's subsidiary covering North Africa, The Middle East, South East Asia, and India.
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.