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Middle East

UAE leverages blockchain to launch national carbon credit system ahead of COP28
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13 August, 2023

UAE leverages blockchain to launch national carbon credit system ahead of COP28

UAE’s MoCCAE, Industrial Innovation Group, and Venom Foundation will lead the carbon credits on the blockchain, improving the issuance and...
Oman moves closer to finalizing digital asset framework
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13 August, 2023

Oman moves closer to finalizing digital asset framework

The CMA is urging feedback from the public until August 17 about the proposed digital asset framework centered on regulating...
Hong Kong, Saudi Arabia team up for tokenization and payments research
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6 August, 2023

Hong Kong, Saudi Arabia team up for tokenization and payments research

The Hong Kong and Saudi Arabia central banks signed an MoU to study financial innovation to benefit their local economies,...
Kuwait issues blanket ban on digital currency transactions
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25 July, 2023

Kuwait issues blanket ban on digital currency transactions

The digital currency transaction ban is the government’s latest attempt to crack down on money laundering rings operating in Kuwait.
BitOasis license in Dubai suspended over non-compliance
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13 July, 2023

BitOasis license in Dubai suspended over non-compliance

Dubai's VARA announced on July 10 that the conditional license issued to BitOasis will remain "non-operational" until the exchange regularizes...
UAE is betting big on block reward mining: report
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12 July, 2023

UAE is betting big on block reward mining: report

The United Arab Emirates reportedly accounts for 4% of the global BTC hash rate, with Abu Dhabi leading the emirates...
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