Binance receives regulatory approval as an institutional crypto custodian in Abu Dhabi

    The world’s largest crypto exchange Binance has secured permission from financial regulators in Abu Dhabi to operate as a crypto custodian for institutional clients. This is the latest crypto license for the company in the UAE. Binance received the regulatory nod from Abu Dhabi’s Financial Services Regulatory Authority (FSRA). This body is a unit of…

    Gulf Crypto Insight: Hot crypto news from the MENA region – November 11

    Top crypto news from the Middle East region over the last week (Nov. 4 –10, 2022): Middle East, Asia, and Africa blockchain association launches in Abu Dhabi A new blockchain, the cryptocurrency-focused association has been established within Abu Dhabi’s free economic zone, with the goal of advancing the development of blockchain and cryptocurrency ecosystems throughout…

    Gulf Crypto Insight: Hot crypto news from the MENA region – November 4

    Top crypto news from the Middle East region over the last week (Oct. 29 – Nov. 4, 2022): Visa announces World Cup NFT auction In partnership with the exchange giant Crypto.com, payments giant Visa has launched a new NFT initiative dubbed “Visa Masters of Movement” to celebrate the FIFA World Cup 2022 in Qatar. The…

    Gulf Crypto Insight: Hot crypto news from the MENA region – October 28

    Top crypto news from the Middle East region over the last week (Oct. 22–28, 2022): BitOasis with Mastercard rolls out crypto-linked cards in the MENA region Сrypto platform BitOasis and Mastercard have partnered to launch a series of crypto card programs in the MENA region to enable the use of cryptocurrencies at points of sale…

    UAE central bank conducts CBDC pilot with cross-border payments

    The UAE’s Central Bank (CBUAE) has announced the completion of “the world’s largest pilot” of central bank digital currency (CBDC) in collaboration with the central banks of four countries. Central banks from Thailand, Hong Kong, and China, with more than 20 commercial banks from these countries, took part in the pilot, recording over $21 million…

    BitOasis partners with Mastercard to roll out crypto-linked cards in the MENA region

    Сrypto platform BitOasis and Mastercard have partnered to launch a series of crypto card programs in the MENA region to enable the use of cryptocurrencies at points of sale and across e-commerce platforms. It will allow BitOasis customers to link their crypto wallet balances to physical or virtual cards and make fiat payments across 90…