Gulf Crypto Insight: Hot crypto news from the MENA region – August 19

    MetaVSummit in Dubai MetaVSummit, the largest Web 3 & Metaverse event for investors and founders, will be held in Dubai, UAE, on Sep. 14-15, 2022. The event has up to 1000 delegates who could meet under one roof in The Ritz Carlton, DIFC, looking to strategically partner with the top Crypto, NFT & Metaverse companies…

    Qatar doubles down to develop its CBDC

    Qatar is actively exploring the possibilities of launching its first central bank digital currency (CBDC). If this happens, the country will become the first Arab nation to launch a CBDC. Meanwhile, the central banks in Saudi Arabia and UAE are collaborating on blockchain projects in the financial sector. Speaking at the recently concluded Bloomberg-powered Qatar…

    Algorand signs partnership deal with FIFA

    Algorand (ALGO) has teamed up with FIFA to become the football organization’s official blockchain partner. The blockchain will be a “regional supporter” for North America and Europe at this year’s World Cup in Qatar and an official sponsor of next year’s Women’s World Cup. Apart from becoming FIFA’s official blockchain platform, Algorand will also offer…

    Qatar Central Bank explores CBDC and digitized payments

    The Qatar Central Bank (QCB) is currently exploring a central bank digital currency (CBDC) and digital bank licensing, a top official said. The Middle Eastern nation is also weighing issuing licenses for digital banks as it seeks to digitize payments. The Qatar Central Bank intends to soon reveal its direction on CBDCs, Alanood Abdullah Al…

    Crypto.com signs sponsorship deal with FIFA for 2022 Qatar World Cup

    The crypto exchange Crypto.com has agreed a sponsorship deal with FIFA for the Qatar World Cup, being held this year in Qatar. The Singapore-based company will be the exclusive cryptocurrency trading platform for the famed sports event, which runs from November 21 to December 18. The crypto exchange Crypto.com will be an official sponsor of…