Author: Crypto Insider

The level of digital transformation in payments in the UAE has changed consumer behavior, showing the growing appetite for crypto and blockchain, claimed John Hensel, co-founder and CEO of Securrency, an Abu Dhabi-based technology firm. In a survey conducted by The National News two months ago, half of UAE citizens said they plan to use…

On Friday, Cardano’s official commercial arm EMURGO announced Astarter, a joint venture with China-based technology firm BlockChain4A, to build decentralized financial (DeFi) services infrastructure on Cardano blockchain protocol. The joint venture will combine EMURGO’s technical expertise of Cardano’s founding entities, coupled with Blockchain4A’s experience in DeFi technical infrastructure development. After Cardano’s Alonzo hard fork successfully…

El Salvador announced the country is looking to exempt foreign investors from taxes on Bitcoin profits to encourage foreign investment. While “over half a million users” have registered in the country’s Chivo Bitcoin wallet, President Nayib Bukele said. According to Javier Argueta, the legal advisor to El Salvador’s President, the policy aims to encourage entrepreneurs…

Search engine giant Google partnered with Canadian blockchain firm Dapper Labs to help bolster Web 3.0 development, including blockchain gaming and the NFT marketplace. The blockchain company’s CEO Roham Gharegozlou tweeted about the deal on Tuesday, noting that the firm was “amped to welcome Google to the Flow blockchain.” According to Forbes, Google Cloud will…

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…