BitOasis exchange raises $30M to expand in Middle East and North Africa
BitOasis, a crypto trading platform based in Dubai, has raised $30M from a new round of funding to expand across the Middle East and North Africa (MENA). According to a Tuesday release, BitOasis has concluded a $30 million Series B funding round led by Jump Capital of Chicago and Wamda Capital of Dubai. Wamda previously […]
BitOasis exchange partners with the Dubai Police to help spread fraud awareness
BitOasis has partnered with the Dubai Police Force to create awareness regarding cryptocurrency investment and trade fraud and also to establish safety regulations around crypto investments in the region. According to BitOasis CEO Ola Doudin, the exchange’s collaboration with the Dubai Police Department is aimed at assisting in the development of rules that will make […]
Dubai makes crypto trading official following regulator’s agreement
The Dubai World Trade Centre Authority (DWTCA) has announced a partnership with the UAE’s Securities and Commodities Authority (SCA) to legalize cryptocurrency trading, issuance, and regulation. The agreement was signed by the SCA’s acting CEO, Dr. Maryam Al Suwaidi, the DWTCA’s director-general, Helal Saeed Al Marri, and a Dubai Department of Tourism and Commerce Marketing […]
Bittrex Global CEO says Dubai will benefit from expanding crypto market
A report by the CEO of the cryptocurrency exchange Bittrex Global claims that the United Arab Emirates (UAE) and Dubai are among the most welcoming jurisdictions for the cryptocurrency business. According to Bittrex Global CEO Stephen Stonberg, who spoke with Bloomberg on August 29, the growing cryptocurrency sector in the Middle East will help Dubai […]
HSBC is the first foreign bank on Dubai’s KYC blockchain
HSBC, the global banking giant, has been successfully onboarded to the regional Know-Your-Customer (KYC)-focused private blockchain backed by Dubai‘s government. HSBC is the first foreign bank to go live on the “UAE KYC Blockchain Platform,” which was established by the Dubai-based Department of Economic Development, dubbed “Dubai Economy,” and is the fourth founding member. The […]