Huobi targets Middle East with new Dubai license
Huobi has obtained a license in Dubai but is yet to secure approval to provide digital asset trading services, in addition to its new license in New Zealand.
Huobi has obtained a license in Dubai but is yet to secure approval to provide digital asset trading services, in addition to its new license in New Zealand.
Omar Khan, the body's Director of International Offices, disclosed that the deal's focus areas would be blockchain technology and innovation-focused sectors such as AI and Fintech.
The U.S. Federal Trade Commission released a report detailing about 46,000 people with over a median of $2,600 individual loss—this is about 60x higher than in 2018.`
The Abu Dhabi Investment Office estimates that only about 5-7% of market participants in the digital currency market are women.
The team of Dr. Mohamed Al Hemairy, head of the Technology Transfer Office at the University of Sharjah, have partnered with the BSV Blockchain Association to build an academic certification and accreditation platform using the Bitcoin SV blockchain.
A panel moderated by Muhammad Salman Anjum featured the current challenges and the potential of digital currencies in South Asia and the Middle East at the BSV Global Blockchain Convention.
Middle Eastern countries and their local firms are already proving that blockchain use in gov’t and enterprise applications is revolutionary. Who’s next?
Ahmed Yousif revealed that he has been in talks with government officials on how implementing blockchain can improve their countries, saying that Middle East is fast adapting to the technology.
BSV Blockchain Association Founding President Jimmy Nguyen talks about the rise of the Middle East as a key BSV hub, noting that the region is more interested in the technology than speculative trading.
Dubai is rivaling Western and Asian cities for the crown of the ultimate blockchain city globally, with the government and private sector working together.
The UAE has been working on its blockchain strategy since 2018 with Dubai leading this charge, and as of 2021, most of the city was being powered by blockchain, according to Saeed Mohammed Ali Alhebsi.
Dr. Zayed Al Hemairy is the blockchain and cryptocurrency advisor for the United Arab Emirates, and as he explained to CoinGeek Backstage, the UAE is taking big leaps with the technology.