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
Middle East
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Central Bank of Kuwait issues warning against crypto investments
The Central Bank of Kuwait says that a “real” currency is one issued by the state. Go to Source Powered by WPeMatico
Blockchain Research Institute expanding to Africa, the Middle East and Korea
Three new BRI divisions will foster innovation and research in their respective regions. Go to Source Powered by WPeMatico
2 reasons why Casper (CSPR) IOU token rallied 2,300% in one week
CSPR appears to be following DOT’s route to success as its IOU token latched on to the bull market’s momentum and rallied 2,300% before it’s even listed on major exchanges. Go to Source Powered by WPeMatico
Major Israeli Investment House Invested $100 Million in the Grayscale Bitcoin Trust Fund in December 2020
One of the biggest asset managers in Israel allocated millions of dollars into the shares of Grayscale’s Bitcoin Trust (GBTC). Altshuler Shaham is now gaining exposure to bitcoin by investing $100 million in shares, according to a local media outlet. Altshuler Shaham Currently Holds $150M Worth in BTC Per Globes Israel, the multi-million-dollar investment yielded … Read more
Bahrain central bank licenses Sharia-compliant crypto exchange
Bahrain-based crypto exchange CoinMENA acquired a major license ahead of its launch in several countries including the UAE and Saudi Arabia. Go to Source Powered by WPeMatico
Dubai Financial Watchdog to Release Consultation Papers for a Crypto Regulatory Framework
The Dubai Financial Services Authority (DFSA) has unveiled its plans to create a regulatory framework for cryptocurrencies. The announcement was part of its 2021-2022 business agenda released this week. The Papers Will Be Released in the First Half of 2021 According to the watchdog, which regulates the Dubai International Financial Centre (DIFC), the upcoming crypto … Read more
Crypto P2P adoption in Middle East stymied by politics and tech
Data published by Arcane Research suggests that major P2P crypto platforms have struggled to take off in Iran and Lebanon. Go to Source Powered by WPeMatico
Iran Grants Bitcoin Miners Exclusive Access To Electricity From Three Power Plants
Iran has granted bitcoin miners exclusive access to electricity generated from three power plants for their mining activities, according to state power utility Thermal Power Plant Holding Company (TPPH). Mohsen Tarztalab, managing director of TPPH, told a local news agency on Monday that the “necessary equipment has been installed in three power plants of Ramin, … Read more
Chinese Bitcoin Miners Develop Strong Relationships and Crypto Mining Facilities in Iran
During the last few months, crypto proponents have focused their attention on Iran. The Iranian President Hassan Rouhani initiated a new mining strategy last May, and the government-licensed 14 bitcoin mining farms in July. According to the Chinese mining operation Lubian, it claims to operate one of these regulated bitcoin mining farms in the oil-rich … Read more
