Islam and crypto: How digital assets can comply with Islamic financial law
A look at cryptocurrency’s role in the world of Islamic banking and finance. Go to Source Powered by WPeMatico
Middle East
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US-Saudi Tensions Escalate as Report Says Crown Prince Is No Longer Interested in Pleasing the United States
After Saudi Arabia and members of the Organization of the Petroleum Exporting Countries (OPEC) surprised the world by announcing cuts to oil production, a spokesperson for U.S. president Biden’s National Security Council stated that reducing production is not advisable. According to a recent report, Saudi Arabia’s crown prince Mohammed bin Salman has told associates that … Read more
IMF examines CBDC design in context of Islamic banking, finds some risks magnified
A central bank digital currency’s liquidity and foreign exchange would work differently Islamic law from what might be expected. Go to Source Powered by WPeMatico
Tel Aviv Stock Exchange’s crypto trading proposal a ‘closed-loop system’
Israeli crypto users will soon have a new means of regulated crypto trading, but the local ecosystem is not convinced that this is what the crypto industry needs. Go to Source Powered by WPeMatico
Crypto Seen as Investment Opportunity in the MENA Region Says Iceberg Capital Executive Chairman
While interest in digital assets has waned in some parts of the world, in the Middle East and Northern Africa adoption of crypto has been skyrocketing according to Mustafa Kheriba, the executive chairman of the asset management firm Iceberg Capital Limited. According to Kheriba, factors such as high inflation and residents’ desire for high-return investment … Read more
Kraken shuts down Abu Dhabi office: Report
Several Kraken employees will reportedly remain in the Middle East and North Africa, with regional managing director Benjamin Ampen likely to leave following the transition. Go to Source Powered by WPeMatico
Crypto regulation world: How laws for digital assets changed in 2022
While regulations were once seen as hurdles to crypto adoption, they are now perceived as the fastest way to attain global mainstream adoption. Go to Source Powered by WPeMatico
Crypto hotspots continue to thrive despite FTX collapse
Crypto-friendly cities throughout the world report growth and innovation despite recent events. Go to Source Powered by WPeMatico
Binance CEO denies report firm met with Abu Dhabi investors for crypto recovery fund
Changpeng Zhao first announced the fund following FTX filing for bankruptcy, saying it would be aimed at helping projects with liquidity issues, but was not for “liars or frauds.” Go to Source Powered by WPeMatico
Law Decoded, Nov. 7–14: How regulators reacted to the FTX crash
While some lawmakers expressed their eagerness to quick up the regulatory progress, others blamed the SEC in FTX’s monopoly. Go to Source Powered by WPeMatico