Amid Taliban takeover, aspiring crypto miner flees Afghanistan
The Afghan refugee believed the Taliban would restrict access to smartphones and the internet, making crypto mining impossible. Go to Source Powered by WPeMatico
Middle East
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Licensed Iranian crypto miners ordered to halt production ‘altogether’
Even Iran’s Minister of Labor has reported electrical disruptions to his home as crypto miners continue to exert demand on the country’s power grid. Go to Source Powered by WPeMatico
Proposed bill in Iran could ban all foreign-mined cryptocurrencies
Lawmakers seem to be attempting to establish a legal framework behind a Central Bank of Iran decision for people to only use crypto from state-licensed mining operations for payments. Go to Source Powered by WPeMatico
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
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