The government of the United Arab Emirates will employ blockchain technology for use in its judicial notarization and authentication services, it announced on April 19,…
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Tag: UAE
UAE minister of economy: Crypto & tokenization “key” to doubling GDP
At a panel for the World Economic Forum’s Global Technology Governance Summit today, United Arab Emirates minister of economy Abdulla Bin Touq Al Marri said…
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Major Asian banks unite to form ‘multiple’ CBDC pact on blockchain
Several major banks across Asia have joined forces to construct a cross-border central bank digital currency, according to a joint announcement issued on Feb. 23.…
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Bahrain central bank licenses Sharia-compliant crypto exchange
CoinMENA, a soon-to-launch cryptocurrency exchange headquartered in the Kingdom of Bahrain, has obtained a license from the Central Bank of Bahrain, or CBB. The newly…
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Dubai financial regulator working on regulations for cryptocurrencies
The Dubai Financial Services Authority, the financial regulatory agency for the special economic zone, the Dubai International Financial Centre, is looking to enhance local cryptocurrency-related…
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UAE, Saudi Arabian central banks release report on Project Aber CBDC trial
Central banks from two of the most powerful economies in the Middle East released a report today on a yearlong joint central bank digital currency…
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Commodity trading gets sweeter with blockchain-based sugar exchange
The world’s largest sugar refinery, Al Khaleej Sugar, officially announced the application of blockchain technology in its recently launched sugar trading platform, DigitalSugar.io. Users of the…
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Blockchain platform connects Indian farmers to UAE food industry
Food industry officials in the United Arab Emirates may soon have a blockchain-based supply chain to obtain agricultural products directly from India. According to an…
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Blockchain Firm Says Banks Need DLT to Manage Identities Better
Blockchain firm HashCash Consultants claims that banks are “chief arbiters” of people’s identities, and need blockchain technology to do it better. According to an Aug.…
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Dubai Debuts Nationwide Data Platform Powered by Blockchain
This platform is set to become a nationwide system for exchanging verified customer data. Dubai’s Department of Economic Development, or DED, and state-run bank Emirates…
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