Dubai-based UAE’s financial watchdog (NAMLCFTC) has adopted a regulatory framework for virtual assets. Regulators seek coordination among public and private sectors to combat money laundering and terror financing. As Gulf News reported, the UAE’s National Committee for Combatting Money-Laundering and Financing of Terrorism and Illegal Organisations (NAMLCFTC) has adopted a regulatory framework for virtual assets…

The first virtual assets trading platform that is fully compliant with the Abu Dhabi Global Market (ADGM) virtual asset policy framework announced to be launched, as a result of the Emirates Blockchain Strategy launched in the UAE in 2018, which aims to transform 50% of government transactions into the blockchain platform by the end of…

Why all eyes are turning to MENA for blockchain and digital asset innovation, Mohammad Raafi Hossain, CEO & Co-Founder of Fasset, writes on Nasdaq.com. The West is often seen as the de facto capital for global technology, far overshadowing emerging regions such as the Middle East and North Africa (MENA). As the MENA region leapfrogs…

Celebrity investor Kevin O’Leary expects a “trillion dollars” more to flow into Bitcoin in the next couple of years. He wants to more than double his cryptocurrency holdings from 3% of his portfolio to 7% by the end-2021. O’Leary also sees cryptocurrencies becoming an institutional asset class. The “Shark Tank” star Kevin O’Leary talked about…

As Reuters reported Friday, citing three unnamed sources, the US Treasury Department met with a number of industry players this week to discuss the risks and benefits posed by stablecoins – a fast-growing type of cryptocurrencies whose value is tied to traditional currencies. But why are regulators so interested in them? With a market cap…

The US Securities and Exchange Commission is gradually escalating its activity, trying to restrict the cryptocurrency business as much as possible and bring it under the regulatory norms typical for the stock market. On August 27, we learned that the US Securities and Exchange Commission (SEC) struck a $ 125,000 deal with AnChain.AI to monitor…