HSBC becomes first foreign entity onboarded to Dubai’s KYC blockchain
HSBC plans to improve the KYC process for local investors and corporate clients by leveraging blockchain technology. Go to Source Powered by WPeMatico
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Nasdaq Dubai rolls out trading for 3iQ’s Bitcoin Fund
3iQ launched its Bitcoin Fund trading on Nasdaq Dubai after receiving regulatory clearance for a dual listing in April. Go to Source Powered by WPeMatico
UAE authority issues warning about Dubai Coin
Dubai does not have an official cryptocurrency, officials state. Go to Source Powered by WPeMatico
Dubai Airport Free Zone welcomes crypto assets with new SCA agreement
Dubai aims to attract foreign crypto investors. Go to Source Powered by WPeMatico
Lawsuit Claims Onecoin’s ‘Cryptoqueen’ Ruja Ignatova Holds 230,000 Bitcoin
One of the ringleaders of the largest crypto Ponzi schemes, Onecoin’s Ruja Ignatova, otherwise known as the “Cryptoqueen,” allegedly owns 230,000 bitcoin worth over $11 billion today. Court documents filed by victims of the Onecoin scheme indicate that she received the bitcoins from a member of an Emirati royal family in Dubai. Onecoin’s Cryptoqueen May … Read more
DMCC strikes deal to build blockchain-based precious metals refinery in Dubai
The precious metals refined on the site will be tokenized and traded on the DMCC Gold Exchange platform. Go to Source Powered by WPeMatico
Dubai’s economic department to roll out blockchain-based corporate KYC
Dubai’s Department of Economic Development wants to accelerate the total adoption of UAE KYC — the national Know Your Customer standard running on blockchain technology. Go to Source Powered by WPeMatico
Dubai regulators call for public feedback on proposed crypto laws
Financial regulators in Dubai have enacted a 30-day window for public comments on security token regulations. Go to Source Powered by WPeMatico
DeFi Goes Mainstream: B26 Finance Becomes Official Sponsor for the Falcons, Dubai’s Basketball Team
PRESS RELEASE. B26 Finance, the world’s first blockchain-based self-banking service, has recently been released to the world. Being a relatively new project, developed and worked on for years, but officially launched 2 weeks ago (8/03/2021), B26 Finance has seen massive growth and adoption from the DeFi and crypto communities alike, with immense potential for mainstream … Read more
Dubai Based Crypto Investment Fund to Convert $750 Million Worth of BTC Into ADA and DOT Tokens
A Dubai based crypto-based investment fund, FD7 Ventures says it will offload bitcoins worth $750 million and will use the proceeds to increase positions in Cardano and Polkadot tokens. According to FD7 Ventures, this switch to the two altcoins will help the fund to better serve the interests of investors who are looking to diversify … Read more
