Dubai establishes regulations for cryptocurrency companies
New rules that will act as an operational manual for crypto companies based in Dubai are about to be released by VARA. The apex regulatory body’s published rule book contains comprehensive specifications and operational guidelines for cyber security operations, while the other covers tasks including exchange services, issuance, custody, and advising roles. Dubai advances crypto […]
Saudi Arabia continues CBDC research with no deployment plans
The Saudi Central Bank (SAMA) continues to explore and research use cases of central bank digital currencies (CBDCs), however, there has been no plan for deployment yet. The bank said it was working on a phase of a project that “focuses on domestic wholesale CBDC use cases in conjunction with local banks and fintechs” in […]
Abu Dhabi Approves Binance Financial Services Permission
UAE’s capital city of Abu Dhabi has granted Binance permission to offer financial services, a series of regulatory approvals for the exchange. Financial Services Regulatory Authority and Abu Dhabi’s Global Market (ADGM) have given cryptocurrency exchange Binance permission to operate in the area. Binance will be authorized to provide cryptocurrency custodial services to professional clients […]
ADGM Courts Adopts Blockchain To Expedite Business Verdicts
ADGM Courts aims to massively transform the delivery of judicial services while introducing blockchain technology for commercial courts. Blockchain technology has been implemented by a judicial body formed by United Arab Emirates (UAE) Federal Decree to reduce the time and expenses associated with the enforcement of business decisions. Blockchain technology has been adopted by ADGM […]
Germany becomes most favorable crypto economy in Q3 – Report
After previously holding a joint top-rank position with the United States, Germany is now the country with the most favourable crypto economy in 2022’s third quarter (Q3). In the third quarter of 2022, Germany became the most promising crypto economy in the entire globe, according to a recent study by Coincub. The joint top-rank holder […]