Saudi Arabia – Page 5

Bahrain Central Bank Issues License to Shariah-Compliant Crypto Exchange

Middle Eastern crypto exchange Coinmena said this week that it had obtained a crypto assets services company license from the Central Bank of Bahrain (CBB) ahead of its planned launch. In receiving the license, the exchange, which has been certified by the Shariyah Review Bureau, said it had met several technical, operational, and security requirements […]

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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.

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UAE, Saudi Arabian central banks release report on Project Aber CBDC trial

The joint report is among the most promising CBDC studies conducted by central bank authorities

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US Company Accepts Bitcoin Payments for Luxury Planes, as $40M Gulfstream Jet Goes on Sale

US Company Accepts Bitcoin Payments for Luxury Planes, as $40M Gulfstream Jet Goes on Sale Aviatrade Inc., a New Jersey-based aircraft sales company, is now accepting bitcoin as a means of payment for its range of multi-million dollar luxury jets. Philip Rushton, president of Aviatrade, told news.Bitcoin.com that the first plane available for purchase via cryptocurrency is a six-year-old Gulfstream G650ER, which went on sale a couple of weeks ago. […]

The post US Company Accepts Bitcoin Payments for Luxury Planes, as $40M Gulfstream Jet Goes on Sale appeared first on Bitcoin News.

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Samsung-Backed Blocko to Build Blockchain-Based Credit System for Arab Bank

The Islamic Development Bank’s research organization has partnered with Blocko to build a blockchain credit management system.

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Central Bank of Saudi Arabia Transfers Funds to Local Banks Over Blockchain

The Saudi Arabian Monetary Authority has transferred funds to local banks using blockchain technology.

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Liquid Gold vs Digital Gold: Why Bitcoin Beats Oil in the Current Climate

Liquid Gold vs Digital Gold: Why Bitcoin Beats Oil in the Current Climate Extreme volatility. Sudden loss of value. A purported store of value. An economic hedge. An alternative to gold. On the face of it, bitcoin and oil have a lot in common. Both markets have been buffeted by the covid-19 economic downturn, but while bitcoin has stabilized, oil keeps plummeting. What does “digital gold” have that […]

The post Liquid Gold vs Digital Gold: Why Bitcoin Beats Oil in the Current Climate appeared first on Bitcoin News.

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G20 Kicks Off 2020 Discussion on Cryptocurrencies — Urges Countries to Apply FATF Standards

G20 Kicks Off 2020 Discussion on Cryptocurrencies — Urges Countries to Apply FATF Standards The G20 finance ministers and central bank governors had their first 2020 meeting this weekend in Saudi Arabia. They discussed cryptocurrencies and stablecoins, and issued a statement urging countries to implement the cryptocurrency standards set by the Financial Action Task Force. They were also informed that the Financial Stability Board will soon issue its crypto […]