Tag: UAE

SFM Corporate Services, a Dubai-based corporate and trust service provider, has announced the acceptance of cryptocurrency as payment for business formation corporate services. The company enables secure and seamless business payments in leading cryptocurrencies for investors and entrepreneurs to establish a company online in a few minutes in 25 jurisdictions worldwide. “Today, cryptocurrency is capturing…

Stephen Stonberg, CEO of Bittrex Global, praised the efforts of the UAE authorities to poise a crypto-friendly positioning of the region. Helped by the region’s status as a tax haven, Dubai is poised to benefit from the growing cryptocurrency market in the Middle East, he said in an interview with Bloomberg. Stephen Stonberg, Bittrex CEO…

The first Bitcoin fund in the Middle East was launched in Dubai this summer, when Canada’s largest digital asset investment fund, 3iQ, placed its public ETF in the largest Middle Eastern financial market. Investors can now transfer shares from the Toronto Stock Exchange to Nasdaq Dubai and vice versa, as well as buy them directly…

The next wave of crypto adoption in the Middle East is likely to come from citizens in unstable countries facing crucial inflation like Iran and Lebanon. While some countries continue to restrict crypto trading and mining, digital transformation in the Middle East has proceeded at a rapid pace. Nimrod Lehavi, the founder of Simplex and…

Launched in the UAE, the 6-part online course in crypto aims to help young students understand the power of the crypto market, Khaleej Times reported. The program covers subjects from the history of money to how to create one’s own non-fungible token. Carfax Education, a UAE-based global education group, has created an innovative course for…

As Gulf News reported, the United Arab Emirates plans to implement a central bank digital currency (CBDC) as early as 2023, as outlined in a road map for the UAE economic future. According to the three-year plan for 2023-2026 that announces the launch of its digital currency, the Central Bank of the UAE (CBUAE) intends…